Findi (FND) AI Stock Analysis

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Findi

(ASX:FND)

Select Model

Rating:42Neutral

Price Target:AUD 0.39▼(-3.95% Downside)

Action:reiterated

Date:09/06/26

Financial performance drives the score with robust top-line growth undermined by losses, leverage, and cash burn; weak technicals in a downtrend and poor valuation metrics add further pressure.

Positive Factors

Long-term revenue scaleFindi has demonstrated the ability to scale its revenue base substantially over several years, reaching approximately $83.0m in 2026 from a very small 2021 base. That history indicates its ATM and transaction-services platform can support meaningful expansion when operating conditions are favorable.

Negative Factors

Severe profitability deteriorationProfitability has deteriorated materially after modestly profitable 2023 and 2024 periods, with a large 2026 loss and approximately -53% net margin. This weakens internal funding capacity and raises uncertainty about whether revenue scale can translate into sustainable earnings.

Findi (FND) vs. iShares MSCI Australia ETF (EWA)

Market Cap: AUD 40.49M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -0.4
Beta (1Y): 0.50
Revenue Growth: 35.91%
EPS Growth: -299.12%
Country: Australia
Employees: 1,157
Sector: Technology
Sector Strength: 61
Industry: Specialty Business Services

Findi Business Overview & Revenue Model

Company Description

Findi Limited, through its subsidiaries, engages in the development of digital payment systems in India. The company offers end-to-end transaction processing and managed services. It also provides payments and digital banking solutions through its ne...

How the Company Makes Money

Findi primarily makes money from fees and service revenues associated with operating an ATM network and providing related transaction services. Key revenue streams typically include: (1) ATM transaction fees earned when users withdraw cash or conduct...

Findi Financial Statement Overview

Summary

Strong revenue growth from $80k to $83M offset by volatile profitability, large 2026 losses, rising debt to $155M, and recent negative cash flows.

Income Statement

45Neutral

Balance Sheet

50Neutral

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	106.17M	89.59M	61.06M	62.84M	52.13M	4.57M
Gross Profit	7.04M	89.59M	9.56M	12.07M	10.11M	-149.00K
EBITDA	24.59M	-3.86M	18.89M	27.50M	18.19M	-10.00K
Net Income	-55.79M	-44.16M	-12.48M	4.01M	2.44M	-1.52M
Balance Sheet
Total Assets	280.69M	280.69M	323.47M	198.37M	107.68M	59.72M
Cash, Cash Equivalents and Short-Term Investments	38.20M	38.20M	82.92M	70.32M	25.89M	23.22M
Total Debt	154.61M	154.61M	149.66M	134.74M	63.33M	22.26M
Total Liabilities	256.05M	256.05M	258.95M	161.50M	86.38M	45.66M
Stockholders Equity	24.64M	24.64M	64.52M	36.52M	21.64M	14.83M
Cash Flow
Free Cash Flow	-66.46M	-50.60M	140.00K	20.05M	-27.52M	-2.24M
Operating Cash Flow	-25.27M	-22.01M	17.50M	26.69M	4.67M	-2.19M
Investing Cash Flow	-61.30M	-42.85M	-18.10M	-48.28M	-28.73M	-8.40M
Financing Cash Flow	34.81M	28.67M	16.53M	49.48M	41.13M	-11.39M

Findi Technical Analysis

Technical Analysis SentimentNegative

Last Price0.41

Price Trends

50DMA0.40Positive

100DMA0.40Positive

200DMA0.57Negative

Market Momentum

MACD-0.00Negative

RSI33.32Neutral

STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FND, the sentiment is Negative. The current price of 0.41 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.40, and below the 200-day MA of 0.57, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 33.32 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FND.

Findi Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

AU:FND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AU:TYR	61Neutral	AUD 405.21M	18.35	8.60%	―	0.78%	19.76%
AU:B4P	56Neutral	AUD 65.73M	8.04	17.63%	―	26.00%	18.73%
AU:QFE	52Neutral	AUD 30.42M	0.78	265.43%	110.39%	-24.21%	―
AU:DCC	43Neutral	AUD 35.58M	-18.57	-2.86%	―	-8.68%	75.00%
AU:FND	42Neutral	AUD 40.49M	-0.40	-165.91%	―	35.91%	-299.12%
AU:W2V	39Underperform	AUD 9.10M	-0.49	-2419.72%	―	49.69%	20.65%

* Technology Sector Average

Performance Comparison

AU:FND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:FND	Findi Limited	0.41	-1.16	-74.04%
AU:DCC	DigitalX Limited	0.03	-0.02	-48.98%
AU:QFE	QuickFee Ltd.	0.08	0.04	92.50%
AU:B4P	Beforepay Group Limited	1.29	-1.46	-52.91%
AU:W2V	WAY 2 VAT LTD	0.03	-0.07	-70.00%
AU:TYR	Tyro Payments Ltd.	0.74	-0.32	-29.72%

Findi Corporate Events

Findi to Release 1.9 Million Escrowed Shares Following Sphere Acquisition

Jul 21, 2026

Findi Limited has announced that 1,920,870 fully paid ordinary shares will be released from voluntary escrow on 12 August 2026, following its earlier acquisition of Sphere. The move increases the freely tradable share float and may affect liquidity a...

Findi Seeks Voluntary Suspension as Strategic Review Delays Accounts

Jun 21, 2026

Findi Limited has requested and received a voluntary suspension of trading in its securities on the ASX, effective 22 June 2026, under Listing Rule 17.2. The suspension was sought because the company does not expect to finalise and lodge its audited...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Findi AI Stock Analysis