FinLab AG (A7A) AI Stock Analysis

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FinLab AG

(Dusseldorf:A7A)

Select Model

Rating:61Neutral

Price Target:EUR 15.50▲(13.97% Upside)

Action:reiterated

Date:08/04/26

The score is held back primarily by weak cash-flow conversion (negative operating/free cash flow in 2024–2025) and highly volatile financial performance, including a sharp 2025 revenue contraction. Offsetting factors include a relatively manageable leverage profile and moderately positive technical momentum. Valuation is supportive due to an extremely low P/E, but is tempered by concerns that recent earnings may be driven by non-core/one-off items rather than repeatable cash-generating performance.

Positive Factors

Focused fintech investment platformA dedicated fintech investment platform gives FinLab structural exposure to a secular growth theme and allows specialization in sourcing, supporting and exiting fintech assets. This business model lets the company compound value via equity stakes and exits across portfolio companies over a 2–6 month horizon and beyond.

Negative Factors

Poor cash generationSustained negative operating and free cash flow undermines the firm's ability to fund operations and follow-on investments from internal sources. This increases dependence on external financing or asset sales, elevating funding and execution risk for the investment platform over the next several months.

FinLab AG (A7A) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 126.62M
Dividend Yield: ―
Average Volume (3M): 4,684
Price to Earnings (P/E): 1.6
Beta (1Y): 0.68
Revenue Growth: -34.50%
EPS Growth: 19.25%
Country: Germany
Employees: 10
Sector: Financial
Sector Strength: 68
Industry: Asset Management

FinLab AG Business Overview & Revenue Model

Company Description

Heliad AG, formerly FinLab AG, operates as a venture capital firm primarily focused on providing growth, early-stage, and subsequent financing to companies in the fintech sector. The firm also allocates capital to other venture capital funds, especia...

How the Company Makes Money

FinLab AG makes money primarily through investment-related returns generated by its portfolio of fintech holdings. Its key economic drivers are (1) value appreciation of equity stakes in portfolio companies (reflected through realized gains when stak...

FinLab AG Financial Statement Overview

Summary

Overall fundamentals are mixed and volatile. Revenue contracted sharply in 2025 (~-78% vs. 2024) and profitability has swung across years (including losses in 2021 and 2023). The balance sheet looks relatively supportive with moderate leverage (debt-to-equity ~0.31 in 2025), but cash generation is a major weakness: operating and free cash flow are negative in both 2024 and 2025 despite strong reported net income, raising earnings-quality and funding-risk concerns.

Income Statement

55Neutral

Balance Sheet

70Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.25M	871.00K	3.67M	4.24M	2.06M	5.42M
Gross Profit	2.23M	-1.46M	1.41M	-182.00K	2.08M	7.50M
EBITDA	78.09M	116.55M	32.13M	-18.17M	486.63K	198.18K
Net Income	73.27M	106.94M	30.57M	-15.61M	2.04M	-347.58K
Balance Sheet
Total Assets	334.86M	96.65M	97.64M	91.27M	60.85M	59.28M
Cash, Cash Equivalents and Short-Term Investments	1.83M	2.06M	6.66M	10.42M	2.76M	8.47M
Total Debt	20.56M	22.22M	18.41M	14.94M	46.00K	39.00K
Total Liabilities	25.53M	24.20M	21.05M	17.43M	1.98M	2.45M
Stockholders Equity	309.33M	72.45M	76.60M	73.85M	58.87M	56.84M
Cash Flow
Free Cash Flow	-1.75M	-1.40M	-2.02M	721	3,413	50.80K
Operating Cash Flow	-1.75M	-1.40M	-2.02M	721	3,413	50.80K
Investing Cash Flow	-7.08M	-6.80M	-4.24M	-1,644	-9,021	0
Financing Cash Flow	8.00M	3.60M	2.50M	8.66M	0	0

FinLab AG Technical Analysis

Technical Analysis SentimentNegative

Last Price13.60

Price Trends

50DMA13.66Negative

100DMA14.01Negative

200DMA13.97Negative

Market Momentum

MACD-0.03Negative

RSI44.54Neutral

STOCH0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:A7A, the sentiment is Negative. The current price of 13.60 is below the 20-day moving average (MA) of 13.60, below the 50-day MA of 13.66, and below the 200-day MA of 13.97, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.54 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 DE:A7A.

FinLab AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

DE:A7A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:BKHT	72Outperform	EUR 110.01M	1.69	48.04%	―	―	―
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DE:B7E	63Neutral	EUR 67.07M	2.84	22.19%	4.35%	-34.04%	77.23%
DE:A7A	61Neutral	EUR 122.56M	1.62	38.39%	―	-34.50%	19.25%
DE:LQAG	42Neutral	EUR 107.56M	-4.40	-37.23%	―	48.10%	-139.91%

* Financial Sector Average

Performance Comparison

DE:A7A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:A7A	FinLab AG	13.60	-2.00	-12.82%
DE:B7E	Blue Cap AG	14.90	-3.22	-17.79%
DE:IPOK	Heidelberger Beteiligungsholding AG	122.00	15.00	14.02%
DE:SVE	Shareholder Value Beteiligungen AG	82.00	-3.00	-3.53%
DE:LQAG	Lloyd Fonds Aktiengesellschaft	4.44	0.43	10.72%
DE:BKHT	Brockhaus Technologies AG	16.10	3.50	27.78%

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: Aug 04, 2026

FinLab AG AI Stock Analysis