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Bending Spoons
(NASDAQ:BSP)
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Rating:57Neutral
Price Target:
$34.00
▼(-12.26% Downside)
Action:N/A
Date:08/17/26
The score is driven primarily by strong operating performance and free cash flow, supported by constructive earnings-call guidance and margin outlook. These positives are tempered by materially higher leverage and earnings volatility, while valuation metrics (negative P/E and no dividend) and mostly neutral technicals limit the overall rating.
Positive Factors
Strong revenue growth and operating margins
Exceptional revenue expansion combined with healthy EBIT and EBITDA margins indicates that the portfolio can scale while preserving attractive operating economics. Improving gross margins further support durable monetization, giving the company resources to reinvest in products, marketing, and acquisitions.
Negative Factors
Materially higher leverage and interest burden
Rapid debt growth materially reduces financial flexibility and makes future performance more sensitive to interest costs and earnings softness. The sharp increase in financing expense can absorb cash that might otherwise support product investment, acquisitions, or balance-sheet repair.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and operating margins
Exceptional revenue expansion combined with healthy EBIT and EBITDA margins indicates that the portfolio can scale while preserving attractive operating economics. Improving gross margins further support durable monetization, giving the company resources to reinvest in products, marketing, and acquisitions.
Read all positive factors
Bending Spoons (BSP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.40B
Dividend YieldN/A
Average Volume (3M)2.04M
Price to Earnings (P/E)97.3
Beta (1Y)2.97
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,187
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.34
Shares Outstanding324,978,640
10 Day Avg. Volume3,251,563
30 Day Avg. Volume2,044,027
Financial Highlights & Ratios
PEG Ratio1.75K
Price to Book (P/B)23.90
Price to Sales (P/S)18.20
P/FCF Ratio81.98
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$45.78Price Target Upside18.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)1.41
Revenue Forecast (FY)$2.89B
Bending Spoons Business Overview & Revenue Model
Company Description
Bending Spoons S.p.A. is an Italian technology conglomerate founded in 2013 and based in Milan. Its core strategy is to acquire products that already have proven product-market fit and hold them for the long term, growing profitability by raising ...
How the Company Makes Money
BSP makes money mainly by monetizing the apps it develops and operates through direct-to-consumer digital revenue. Its core revenue streams are (1) subscriptions: recurring fees for premium features (typically offered via weekly/monthly/annual pla...
Bending Spoons Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call presented a strong performance quarter with triple-digit revenue and adjusted operating income growth, meaningful margin expansion, substantial AI-driven productivity gains and continued M&A momentum supported by new financing and IPO proceeds. However, there are notable near-term risks including modest organic growth, declines in some portfolio businesses (Remini and Splice), elevated leverage and rising interest expense, and potential operational capacity constraints from rapid acquisition activity. Management emphasized they have financing and operational plans to address these risks while retaining flexibility.Positive Updates
Strong Revenue Growth
Total revenue of $704 million in Q2 2026, up 126% year-over-year.
Negative Updates
Modest Organic Growth
Organic revenue growth was 3% in Q2 2026, down from 6% in Q1; blended organic growth affected by portfolio composition and declines in specific businesses.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Total revenue of $704 million in Q2 2026, up 126% year-over-year.
Read all positive updates
Company Guidance
Management guided Q3 revenue of $733–$745 million and adjusted operating income of $380–$400 million (implying an adjusted operating income margin of roughly 51.0%–54.6%), and full‑year revenue of $2.78–$2.82 billion with adjusted operating income of $1.46–$1.51 billion (implied margin ~51.8%–54.4%); this outlook is based on the businesses owned today, excludes any contribution from the pending Airtable acquisition expected to close this year, and does not assume future acquisitions (for context, Q2 revenue was $704 million with adjusted operating income of $381 million, a 54% margin).Bending Spoons Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.31B | 1.31B | 671.05M | 387.07M |
| Gross Profit | 870.30M | 857.27M | 428.85M | 236.52M |
| EBITDA | 563.71M | 410.82M | 226.64M | 109.58M |
| Net Income | 204.43M | -136.00K | 89.51M | 160.77M |
Balance Sheet | ||||
| Total Assets | 8.06B | 4.76B | 1.88B | 936.74M |
| Cash, Cash Equivalents and Short-Term Investments | 792.95M | 629.94M | 238.72M | 289.06M |
| Total Debt | 4.96B | 2.67B | 867.34M | 389.29M |
| Total Liabilities | 6.80B | 3.76B | 1.25B | 599.52M |
| Stockholders Equity | 1.26B | 994.86M | 636.22M | 337.09M |
Cash Flow | ||||
| Free Cash Flow | 202.27M | 290.10M | 204.29M | 55.11M |
| Operating Cash Flow | 206.24M | 290.60M | 204.90M | 59.15M |
| Investing Cash Flow | -2.24B | -1.85B | -889.65M | -170.29M |
| Financing Cash Flow | 2.27B | 1.94B | 664.04M | 110.66M |
Bending Spoons Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $10.20B | 31.60 | 36.22% | ― | ― | ― | |
67 Neutral | $288.91M | 14.09 | 8.48% | 2.92% | 11.11% | 24.17% | |
57 Neutral | $20.40B | 97.26 | 17.61% | ― | ― | ― | |
56 Neutral | $52.82M | 2.94 | -231.46% | ― | 2.99% | 214.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
39 Underperform | $4.92M | -0.02 | 46.25% | ― | -14.34% | 90.97% |
* General Sector Average
BSP
Bending Spoons
33.07
-7.43
-18.35%
LITB
LightInTheBox
2.80
0.81
40.99%
ISBA
Isabella Bank
38.34
3.31
9.44%
ILLR
Triller Group
0.18
-9.01
-98.07%
PAYP
PayPay Corporation
15.51
-2.65
-14.59%
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.