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Blackbird PLC (BIRD) AI Stock Analysis
Blackbird PLC
(LSE:BIRD)
The score is primarily constrained by declining revenue, sustained losses, and chronic cash burn. Positive momentum and encouraging operating improvements provide meaningful support, but the negative P/E, absent dividend yield, overbought RSI, limited ARR, and potential funding requirement keep the overall risk profile elevated.
Blackbird PLC (BIRD) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 19.69M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.95M
- Price to Earnings (P/E)
- -7.5
- Beta (1Y)
- 1.20
- Revenue Growth
- -10.28%
- EPS Growth
- 9.84%
- Country
- UK
- Employees
- 29
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Blackbird PLC Business Overview & Revenue Model
Company Description
Headquartered in London, UK, Blackbird plc, originally established in 1998 as Forbidden Technologies plc before its renaming in May 2019, offers a proprietary cloud-native platform called Blackbird. This advanced solution empowers users to view, edit...
Blackbird PLC Earnings Call Summary
The call was predominantly positive about operational momentum, with subscription growth estimated at around 235%, conversion improving to around 3.4%, churn reduced to 11%, CAC down almost 2/3 and substantial product and infrastructure progress. However, management also acknowledged that ARR and subscriber numbers remain small, the cash runway and equity funding situation are important concerns, the share price has fallen sharply, governance and CFO-transition issues remain visible, and several growth initiatives are still in development. Highlights significantly outweighed the stated challenges, but the financial position remains a material risk.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management estimated Q3 subscription growth at around 235%, with conversion rising from around 1% in March to 2.4% at the end of June and around 3.4% at the end of September, churn down to 11%, and ARR rising from around GBP 30,000 in June to around GBP 90,000 at the end of September; CAC was reduced by almost 2/3 versus February, marketing teams convert to paid at about twice the rate of hobbyists and content creators, and the U.K. opportunity was described as 200,000 teams. For Q4, the company will continue testing paid channels, focus on reestablishing YouTube as a demand gen channel, digital PR, remarketing and AI and LLM discovery, which has produced about 3x the number of sign-ups since June across about 41 keywords; August marketing teams represented about 10% of subscribers, September had over 7,300 videos made and exported, including 2,500 last week, feature drops occur every week, and management said it would expect to see similar growth going forward, while text animation is coming through but not immediately.
Blackbird PLC Financial Statement Overview
Summary
Debt-free balance sheet and positive equity provide stability, but sharply declining revenue, widening net losses, and persistent negative operating and free cash flow indicate substantial financial risk.
Income Statement
25NegativeBalance Sheet
75PositiveCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.34M | 1.38M | 1.61M | 1.94M | 2.85M | 2.07M |
| Gross Profit | 103.85K | 201.17K | 1.47M | 1.23M | 2.70M | 1.91M |
| EBITDA | -1.62M | -1.77M | -1.93M | -2.01M | -1.48M | -1.70M |
| Net Income | -2.54M | -2.61M | -2.35M | -2.49M | -1.92M | -2.13M |
Balance Sheet | ||||||
| Total Assets | 6.45M | 7.72M | 8.44M | 9.90M | 12.53M | 14.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.90M | 2.72M | 3.77M | 6.47M | 10.10M | 12.84M |
| Total Debt | 0 | 0 | 0 | 29.23K | 123.57K | 213.05K |
| Total Liabilities | 522.92K | 783.66K | 897.20K | 1.11M | 1.33M | 1.78M |
| Stockholders Equity | 5.92M | 6.93M | 7.55M | 8.80M | 11.20M | 12.94M |
Cash Flow | ||||||
| Free Cash Flow | -1.53M | -1.45M | -4.12M | -3.58M | -2.73M | -1.40M |
| Operating Cash Flow | -1.52M | -1.44M | -2.40M | -1.83M | -2.17M | -887.63K |
| Investing Cash Flow | -1.78M | -1.56M | 567.85K | 127.09K | -675.54K | -3.03M |
| Financing Cash Flow | 2.42M | 1.96M | 1.02M | -50.18K | -92.13K | 7.66M |
Blackbird PLC Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BIRD, the sentiment is Positive. The current price of 4.10 is above the 20-day moving average (MA) of 3.24, above the 50-day MA of 2.11, and above the 200-day MA of 1.94, indicating a bullish trend. The MACD of 0.58 indicates Negative momentum. The RSI at 80.44 is Negative, neither overbought nor oversold. The STOCH value of 76.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BIRD.
Blackbird PLC Peers Comparison
Overall Rating
GB:ING74.15Outperform
GB:ZOO58Neutral
GB:OMG55Neutral- GB:BIRD49Neutral
GB:CHSS46Neutral
GB:PULS43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:ING | 74Outperform | GBP 10.11M | 7.94 | 16.63% | 6.82% | -0.48% | -34.98% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| GB:ZOO | 58Neutral | GBP 13.52M | -4.96 | -21.37% | ― | -18.66% | 56.03% |
| GB:OMG | 55Neutral | GBP 42.16M | -68.36 | -0.98% | 8.64% | 19.31% | 64.00% |
| GB:BIRD | 49Neutral | GBP 19.69M | -7.45 | -39.59% | ― | -10.28% | 9.84% |
| GB:CHSS | 46Neutral | GBP 6.54M | -1.00 | -406.28% | ― | -18.11% | 39.58% |
| GB:PULS | 43Neutral | GBP 20.00M | -2.63 | -21.57% | ― | 4.57% | -3.85% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:BIRD | Blackbird PLC | 4.10 | 1.70 | 70.83% | |
| GB:PULS | Access Intelligence | 14.75 | -19.75 | -57.25% | |
| GB:ING | Ingenta plc | 66.00 | -17.82 | -21.26% | |
| GB:OMG | Oxford Metrics | 37.60 | -3.32 | -8.12% | |
| GB:ZOO | Zoo Digital | 13.75 | 3.50 | 34.15% | |
| GB:CHSS | World Chess PLC | 0.55 | -0.75 | -57.69% |
Blackbird PLC Corporate Events
Blackbird’s elevate.io joins Google Chromebook Perks in U.K.
PositiveBlackbird PLC has confirmed that its online collaborative video editing and content creation platform, elevate.io, is now available to Chromebook users in the U.K. via Google’s Chromebook Perks programme. The move extends elevate.io’s rea...
Blackbird’s elevate.io Joins Google Chromebook Perks in UK Test Launch
PositiveBlackbird plc has secured a place for its elevate.io browser-based video editor in Google’s Chromebook perks programme, positioning the tool as a natural fit for Chromebook users who do not require downloads or high-powered hardware. The initia...
Blackbird adds Chief Product Officer Sumit Rai to board as Executive Director
PositiveBlackbird plc has appointed its Chief Product Officer, Sumit Rai, to the board as an Executive Director, strengthening the governance link between product strategy and top-level leadership. Rai, who has led product at the company since 2022, brings m...
Blackbird narrows losses as elevate.io gains traction despite revenue dip
PositiveBlackbird plc reported interim results showing that while group revenue slipped 8% to £0.53m in the first half of 2026, the company advanced its strategic shift toward elevate.io, its browser-based collaborative editing platform. Management is i...
Blackbird Sets Interim Results Date and Launches Search for New Interim CFO
NeutralBlackbird plc will report interim results for the six months to 30 June 2026 on 28 September 2026 and will host a live online investor presentation the same day via the Investor Meet Company platform, open to existing and prospective shareholders wit...
Blackbird plc Names Adrian Wilding Interim CFO to Support Growth Strategy
PositiveBlackbird plc has appointed Adrian Wilding as non-board interim Chief Financial Officer, adding experienced financial leadership as it advances its cloud-native video editing and collaborative content platforms. Wilding, an ICAEW-qualified chartered...
Blackbird’s elevate.io Subscriber Growth Accelerates as Conversion Rates Improve
PositiveBlackbird plc reported strong early traction for elevate.io, its browser-based collaborative video editing platform, following the deployment of its go-to-market strategy and the resumption of marketing spend in mid-July 2026. The company has seen ne...
Blackbird CFO and COO Steve White to Step Down as Company Begins Search for Successor
NeutralBlackbird plc, an AIM-listed developer and licensor of cloud-native video editing technology, markets the Blackbird platform to professional media clients and offers elevate.io, a browser-based collaborative content creation tool built on its core te...
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: Oct 16, 2026