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IQ-AI (IBAI) AI Stock Analysis

GB:IBAI

IQ-AI

(LSE:IBAI)

Select Model
Rating:51Neutral
Price Target:GBX 0.80â–²(0.50% Upside)
Action:reiterated
Date:10/02/26

The score is held back primarily by weak financial performance—persistent net losses, a much smaller equity base, and increased leverage—despite improved 2025 cash flow. Technical indicators are comparatively supportive with strong trend/momentum, but valuation remains challenged by negative earnings and no dividend yield data.

Positive Factors
Revenue growthRevenue has increased steadily over several years, showing that the company is expanding its commercial base rather than relying solely on a short-lived performance gain. Continued growth provides a foundation for operating leverage if costs become better aligned with sales.
Negative Factors
Persistent net lossesLarge ongoing losses show that revenue growth and high gross margins have not yet translated into sustainable earnings. A net loss equivalent to roughly half of revenue can consume capital, restrict reinvestment capacity, and keep the company dependent on improved execution to reach profitability.

IQ-AI (IBAI) vs. iShares MSCI United Kingdom ETF (EWC)

-40%-20%0%20%40%60%GB:IBAI+6.67%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 1.97M
Dividend Yield
―
Average Volume (3M)
511.97K
Price to Earnings (P/E)
-8.0
Beta (1Y)
0.97
Revenue Growth
15.80%
EPS Growth
-66.67%
Country
UK
Employees
7
Sector
Healthcare
Sector Strength
51
Industry
Medical - Healthcare Information Services

IQ-AI Business Overview & Revenue Model

Company Description

Imaging Biometrics Ltd., founded in 1965 and headquartered in Saint Helier, Jersey, specializes in medical imaging diagnostics and clinical patient care. The company extends its services across the United Kingdom, Switzerland, the European Union, and...

How the Company Makes Money

null

IQ-AI Financial Statement Overview

Summary

Revenue is growing with very strong gross margins (~82% in 2025) and 2025 free cash flow turned positive (~£74k). However, operating profit and net income remain negative, with a net loss around 51% of revenue, and equity has declined materially while leverage stepped up (~0.73x debt-to-equity), keeping the financial risk profile elevated.

Income Statement

34Negative

Balance Sheet

45Neutral

Cash Flow

52Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue810.42K788.15K750.11K609.39K535.89K521.07K
Gross Profit661.16K646.11K687.87K482.35K534.10K504.02K
EBITDA121.90K-65.95K-272.63K-498.55K-360.28K-356.87K
Net Income-237.44K-400.94K-327.10K-623.82K-511.60K-501.06K
Balance Sheet
Total Assets1.18M1.01M929.67K720.74K1.27M1.58M
Cash, Cash Equivalents and Short-Term Investments49.38K112.61K53.50K138.75K313.99K728.59K
Total Debt177.45K172.32K0062.20K55.41K
Total Liabilities875.04K778.82K627.14K625.81K560.51K392.79K
Stockholders Equity307.72K235.30K302.53K94.92K707.07K1.19M
Cash Flow
Free Cash Flow153.64K74.34K-136.16K-175.23K-414.60K-345.32K
Operating Cash Flow153.65K74.34K-136.16K-96.83K-374.67K-288.76K
Investing Cash Flow-176.62K-255.53K-308.98K-78.41K-39.93K-56.56K
Financing Cash Flow0240.30K359.89K00595.00K

IQ-AI Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.80

Price Trends

50DMA0.83Negative
100DMA0.74Positive
200DMA0.65Positive

Market Momentum

MACD0.00Positive
RSI39.36Neutral
STOCH39.58Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IBAI, the sentiment is Neutral. The current price of 0.80 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.83, and above the 200-day MA of 0.65, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 39.36 is Neutral, neither overbought nor oversold. The STOCH value of 39.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IBAI.

IQ-AI Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

GB:IBAI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:IXIGB:IXI64NeutralGBP 25.73M-5.99-16.18%―13.04%15.88%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
GB:IBAIGB:IBAI51NeutralGBP 1.97M-8.00-87.45%―15.80%-66.67%
GB:GDRGB:GDR49NeutralGBP 15.65M-0.89-1044.57%―65.60%74.84%
GB:COGGB:COG44NeutralGBP 15.11M-9.30-54.17%―11.86%23.81%
GB:OBDGB:OBD40UnderperformGBP 14.45M-0.27-451.74%―33.37%86.41%
GB:RENXGB:RENX40UnderperformGBP 36.54M-3.44675.00%―――

* Healthcare Sector Average

Performance Comparison

-50%0%50%GB:IBAIGB:COGGB:GDRGB:IXIGB:OBDGB:RENXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:IBAI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:IBAIIQ-AI Limited0.800.033.90%
GB:COGCambridge Cognition Holdings28.00-5.00-15.15%
GB:GDRGenedrive plc0.970.011.25%
GB:IXIIXICO plc11.750.252.17%
GB:OBDOxford BioDynamics0.11-0.21-66.56%
GB:RENXRenalytix Plc OTC5.45-1.93-26.15%

IQ-AI Corporate Events

Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements

Imaging Biometrics strengthens U.S. pipeline and launches IB Vista platform

Positive
Oct 1, 2026

Imaging Biometrics reported a stronger commercial pipeline in the third quarter, with active talks under way with leading U.S. academic medical centres and health systems in neurology, neurosurgery and cancer care. The company also added two annual I...

Business Operations and StrategyProduct-Related Announcements

Imaging Biometrics Wins Key Health System Deal for Brain Tumor Imaging Software

Positive
Sep 15, 2026

Imaging Biometrics Limited has secured an annual subscription agreement with a major regional health system for its U.S. subsidiary’s quantitative neuro-oncology imaging software suite, including IB Neuro, IB Delta T1, and IB FTBx. The deal pos...

Business Operations and Strategy

Imaging Biometrics Wins Major U.S. Hospital Deal for Brain Tumour Software

Positive
Aug 28, 2026

Imaging Biometrics’ U.S. subsidiary has secured an annual subscription from a major Midwest academic medical centre for IB Clinic, its automated brain tumour imaging platform. The deal will contribute fully to recurring revenue in 2027 and alig...

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: Oct 02, 2026