Brilliant Future AB (BRILL) AI Stock Analysis

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Brilliant Future AB

(Nasdaq OMX AB:BRILL)

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Rating:54Neutral

Price Target:SEK 3.50▲(6.71% Upside)

Action:reiterated

Date:11/14/26

The overall score is constrained by a severe revenue decline and lack of profitability, which are the most significant risks. The company's successful transition to a debt-free balance sheet and positive free cash flow generation are key strengths that prevent a lower score. Technical trends are weak, and the negative P/E ratio further weighs on the outlook.

Positive Factors

Debt-free balance sheetA debt-free balance sheet reduces refinancing and interest-rate exposure, while positive equity provides a financial buffer. This gives Brilliant Future greater flexibility to manage its transition, fund operations, and withstand continued volatility without relying heavily on creditors.

Negative Factors

Sharp revenue contractionA revenue decline of this magnitude is a substantial demand and scale headwind. Lower sales can weaken operating leverage, reduce the resources available for investment, and make it harder for the company to convert recent cost improvements into sustainable profitability.

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

Market Cap: SEK 45.24M
Dividend Yield: ―
Average Volume (3M): 3,863
Price to Earnings (P/E): -9.1
Beta (1Y): -0.12
Revenue Growth: -1.07%
EPS Growth: -15.17%
Country: Sweden
Employees: 59
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

Financial performance is mixed. The balance sheet is strong (debt-free) and cash flow has turned positive, but the income statement is under severe pressure with a 36.5% revenue decline and negative margins. The positive cash generation and conservative capital structure are offset by the significant top-line contraction.

Income Statement

35Negative

Balance Sheet

72Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	84.70M	85.92M	85.56M	88.50M	79.56M	98.88M
Gross Profit	-5.58M	-3.01M	91.52M	92.67M	87.61M	89.59M
EBITDA	7.83M	5.45M	5.75M	-3.82M	-25.05M	-19.64M
Net Income	-5.10M	-6.14M	-4.78M	-11.18M	-32.52M	-25.92M
Balance Sheet
Total Assets	67.58M	83.15M	90.35M	90.16M	88.01M	76.29M
Cash, Cash Equivalents and Short-Term Investments	6.56M	14.39M	18.08M	22.36M	21.97M	17.32M
Total Debt	0	0	0	0	20.00M	0
Total Liabilities	44.96M	56.80M	57.86M	50.59M	70.28M	35.82M
Stockholders Equity	22.62M	26.35M	32.49M	39.57M	17.73M	40.48M
Cash Flow
Free Cash Flow	8.47M	9.47M	-4.53M	-12.63M	-25.12M	-40.42M
Operating Cash Flow	8.73M	9.84M	7.98M	-1.62M	-11.97M	-38.55M
Investing Cash Flow	-14.56M	-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 SentimentNeutral

Last Price3.28

Price Trends

50DMA3.32Negative

100DMA3.50Negative

200DMA3.81Negative

Market Momentum

MACD-0.03Negative

RSI51.99Neutral

STOCH60.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRILL, the sentiment is Neutral. The current price of 3.28 is above the 20-day moving average (MA) of 3.24, below the 50-day MA of 3.32, and below the 200-day MA of 3.81, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.99 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	54Neutral	SEK 45.24M	-9.14	-22.01%	―	-1.07%	-15.17%
SE:BIOEX	46Neutral	SEK 131.80M	-6.15	-116.56%	―	-37.50%	1.01%
SE:HEXI	39Underperform	SEK 21.10M	-0.06	61.06%	―	-88.46%	-49.95%
SE:CIRCHE	38Underperform	SEK 23.68M	-0.88	-44.41%	―	-40.15%	-127.64%
SE:SES	38Underperform	SEK 123.98M	-0.23	-305.30%	―	-70.67%	-264.87%

* 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	3.28	-1.22	-27.11%
SE:SES	Scandinavian Enviro Systems AB	0.09	-0.79	-89.42%
SE:HEXI	Hexicon AB	0.06	-0.11	-65.88%
SE:CIRCHE	CirChem AB	0.37	-0.57	-60.64%
SE:BIOEX	Bioextrax AB	2.67	0.56	26.78%
SE:META	Metacon AB	0.09	-0.48	-84.48%

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: Nov 14, 2026

Brilliant Future AB AI Stock Analysis