Brilliant Future AB (BRILL) AI Stock Analysis

Brilliant Future AB

(Nasdaq OMX AB:BRILL)

Select Model

Rating:50Neutral

Price Target:SEK 3.00▼(-5.66% Downside)

Action:reiterated

Date:08/21/26

The score is primarily held back by weak financial performance (persistent losses and a meaningful TTM revenue drop), partially offset by a debt-free balance sheet and improved positive free cash flow. Technical indicators are mostly neutral but still below key longer-term moving averages, and valuation is constrained by negative earnings and no stated dividend yield.

Positive Factors

Debt-free balance sheetA debt-free balance sheet limits interest and refinancing burdens, preserving financial flexibility during a period of weak profitability. It also gives management more room to allocate available resources toward operations or recovery without the additional constraints created by leverage.

Negative Factors

Recent revenue contractionA sharp TTM revenue decline weakens the company’s operating base and makes fixed-cost absorption more difficult. Continued contraction could reduce scale benefits, limit reinvestment capacity, and make the recent margin improvement harder to sustain over the next several quarters.

Brilliant Future AB (BRILL) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 43.86M
Dividend Yield: ―
Average Volume (3M): 2,949
Price to Earnings (P/E): -6.8
Beta (1Y): -0.14
Revenue Growth: -0.19%
EPS Growth: -42.85%
Country: Sweden
Employees: 58
Sector: Industrials
Sector Strength: 63
Industry: Software - Services

Brilliant Future AB Business Overview & Revenue Model

Company Description

Brilliant Future AB (publ), a software-as-a-service company, provides data-driven survey and action platforms for measuring customer and employee experience in Sweden. The company offers an employee experience platform, which includes flexible survey...

Brilliant Future AB Financial Statement Overview

Summary

Mixed fundamentals: income statement quality is weak (persistent net losses and a notable TTM revenue decline), but the balance sheet carries no debt and cash flow has improved with positive TTM operating and free cash flow. Shrinking equity and negative returns remain key risks.

Income Statement

34Negative

Balance Sheet

60Neutral

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	85.01M	85.92M	85.56M	88.50M	79.56M	98.88M
Gross Profit	-7.05M	-3.01M	91.52M	92.67M	87.61M	89.59M
EBITDA	6.05M	5.45M	5.75M	-3.82M	-25.05M	-19.64M
Net Income	-6.60M	-6.14M	-4.78M	-11.18M	-32.52M	-25.92M
Balance Sheet
Total Assets	72.19M	83.15M	90.35M	90.16M	88.01M	76.29M
Cash, Cash Equivalents and Short-Term Investments	13.60M	14.39M	18.08M	22.36M	21.97M	17.32M
Total Debt	0	0	0	0	20.00M	0
Total Liabilities	51.60M	56.80M	57.86M	50.59M	70.28M	35.82M
Stockholders Equity	20.59M	26.35M	32.49M	39.57M	17.73M	40.48M
Cash Flow
Free Cash Flow	7.29M	9.47M	-4.53M	-12.63M	-25.12M	-40.42M
Operating Cash Flow	7.62M	9.84M	7.98M	-1.62M	-11.97M	-38.55M
Investing Cash Flow	-14.80M	-13.53M	-12.26M	-11.01M	-13.15M	-1.73M
Financing Cash Flow	0	0	0	13.02M	29.77M	38.39M

Brilliant Future AB Technical Analysis

Technical Analysis SentimentNegative

Last Price3.18

Price Trends

50DMA3.38Negative

100DMA3.56Negative

200DMA3.86Negative

Market Momentum

MACD-0.05Positive

RSI31.74Neutral

STOCH18.18Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRILL, the sentiment is Negative. The current price of 3.18 is below the 20-day moving average (MA) of 3.30, below the 50-day MA of 3.38, and below the 200-day MA of 3.86, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 31.74 is Neutral, neither overbought nor oversold. The STOCH value of 18.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BRILL.

Brilliant Future AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

SE:BRILL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SE:BRILL	50Neutral	SEK 43.86M	-6.75	-27.12%	―	-0.19%	-42.85%
SE:HEXI	46Neutral	SEK 41.29M	-0.11	61.06%	―	-88.46%	-49.95%
SE:CIRCHE	43Neutral	SEK 29.95M	-1.04	-42.40%	―	-69.60%	-937.97%
SE:SES	43Neutral	SEK 154.31M	-0.30	-169.96%	―	-85.56%	-528.21%
SE:BIOEX	42Neutral	SEK 115.51M	-5.39	-116.56%	―	-37.50%	1.01%

* Industrials Sector Average

Performance Comparison

SE:BRILL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:BRILL	Brilliant Future AB	3.18	-1.32	-29.33%
SE:SES	Scandinavian Enviro Systems AB	0.12	-0.97	-89.28%
SE:HEXI	Hexicon AB	0.11	-0.07	-37.57%
SE:CIRCHE	CirChem AB	0.47	-0.83	-63.89%
SE:BIOEX	Bioextrax AB	2.34	0.03	1.52%
SE:META	Metacon AB	0.10	-0.43	-81.90%

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 21, 2026

Brilliant Future AB AI Stock Analysis