Before the COVID 19 crisis, companies began to embrace a variety of options such as flexible work schedules and teleworking policies to provide a better employee experience. Because of the above, many companies over the past few years have turned to physically remote workspaces instead of permanent office spaces. Precisely this way of working is very appropriate and suitable for the IT industry, given the nature of the industry itself and the work that takes place in it. Therefore, taking into account the impact of the COVID 19 crisis on various industries and companies within them, the analysis of financial statements, ie a comparison of 2020 with previous periods, could provide a quality insight into the impact of the crisis on companies in the IT industry. Therefore, in order to gain insight into the impact of the crisis on the IT industry, two Croatian IT companies were taken into consideration; Borealis d.o.o. and Diversitas IT Systems d.o.o. and their financial statements were analyzed. The horizontal analysis provided insight into changes in positions within the balance sheet and income statement compared to previous years, while the vertical analysis determined the percentage of positions in the balance sheet and profit and loss account in the observed periods. In addition to the analysis of financial indicators, synthetic financial indicators such as the Du Pont system, Altman's Z-score model, Kralicek's DF indicator and the BEX index were also analyzed.