Nubeva Technologies Ltd (NBVA) AI Stock Analysis

Nubeva Technologies Ltd

(TSXV:NBVA)

Select Model

Rating:41Neutral

Price Target:CAD 0.15▼(-10.00% Downside)

Action:reiterated

Date:10/31/26

The score is primarily constrained by declining revenue, sustained losses, negative cash flow, and a negative P/E ratio. Low leverage provides a limited offset, while bearish technical positioning further weakens the outlook.

Positive Factors

Minimal LeverageVery low leverage gives Nubeva a comparatively strong financial cushion and limits interest-related pressure on operations. This preserves flexibility to fund product development or customer deployments, although continued losses could gradually reduce the equity base if profitability does not improve.

Negative Factors

Severe Revenue ContractionRevenue remains far below earlier levels, indicating that Nubeva has not yet established a stable commercial scale. Such a small and volatile revenue base makes results highly sensitive to individual contracts and leaves insufficient volume to support the existing operating structure over the next several quarters.

Nubeva Technologies Ltd (NBVA) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 11.23M
Dividend Yield: ―
Average Volume (3M): 70.51K
Price to Earnings (P/E): -13.2
Beta (1Y): -0.83
Revenue Growth: -5.63%
EPS Growth: -0.79%
Country: Canada
Employees: 13
Sector: General
Sector Strength: 55
Industry: Software - Infrastructure

Nubeva Technologies Ltd Business Overview & Revenue Model

Company Description

Nubeva Technologies Ltd. engages in the development and licensing of software-based decryption solutions, including Ransomware Reversal for businesses, governments, and other organizations. It engages in the provision of cloud-based security software...

How the Company Makes Money

Nubeva makes money primarily by selling its cybersecurity software to organizations that need improved visibility into encrypted network traffic for security monitoring, threat detection, and operational troubleshooting. Revenue is generated through...

Nubeva Technologies Ltd Financial Statement Overview

Summary

High software gross margins and very low debt provide some support, but sharply declining revenue, persistent net losses, negative operating and free cash flow, and declining equity indicate a high-risk financial profile.

Income Statement

32Negative

Balance Sheet

58Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Apr 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022
Income Statement
Total Revenue	501.41K	500.59K	530.62K	1.79M	2.07M	235.64K
Gross Profit	476.40K	500.59K	530.62K	1.79M	2.07M	235.64K
EBITDA	-802.62K	-844.24K	-600.36K	184.06K	-1.60M	-3.25M
Net Income	-651.76K	-649.90K	-641.64K	-1,358	-1.71M	-3.27M
Balance Sheet
Total Assets	2.88M	2.88M	3.64M	4.45M	4.07M	4.40M
Cash, Cash Equivalents and Short-Term Investments	2.49M	2.49M	3.09M	3.64M	3.62M	3.99M
Total Debt	12.28K	12.28K	14.39K	35.80K	30.14K	25.91K
Total Liabilities	271.55K	271.55K	404.05K	625.03K	414.75K	272.82K
Stockholders Equity	2.61M	2.61M	3.24M	3.82M	3.65M	4.13M
Cash Flow
Free Cash Flow	-602.77K	-606.42K	-537.07K	-63.83K	-350.03K	-2.57M
Operating Cash Flow	-591.45K	-595.01K	-530.57K	-61.24K	-345.76K	-2.56M
Investing Cash Flow	-11.22K	-11.41K	-6,494	-2,589	-4,265	-4,621
Financing Cash Flow	-2,304	-2,334	-12.33K	102.06K	-1,045	4.27M

Nubeva Technologies Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price0.17

Price Trends

50DMA0.18Negative

100DMA0.17Negative

200DMA0.16Negative

Market Momentum

MACD-0.00Positive

RSI40.13Neutral

STOCH11.11Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBVA, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 40.13 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBVA.

Nubeva Technologies Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:NBVA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:BB	70Outperform	CAD 6.90B	58.28	10.62%	―	13.76%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:PLUR	48Neutral	CAD 20.79M	-2.90	112.09%	―	-32.68%	70.60%
TSE:STC	45Neutral	CAD 218.52M	-1.92	-34.04%	―	-15.02%	-1478.50%
TSE:NBVA	41Neutral	CAD 11.23M	-13.21	-23.17%	―	-5.63%	-0.79%
TSE:MTLO	41Neutral	CAD 2.92M	-0.28	70.08%	―	-15.68%	-47.54%

* General Sector Average

Performance Comparison

TSE:NBVA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:NBVA	Nubeva Tech	0.17	-0.06	-26.09%
TSE:BB	Blackberry	11.22	4.66	71.04%
TSE:STC	Sangoma Technologies	6.45	-0.53	-7.59%
TSE:MTLO	Martello Technologies Group	0.01	0.00	0.00%
TSE:PLUR	Plurilock Security Inc	0.17	-0.03	-12.50%

Nubeva Technologies Ltd Corporate Events

Business Operations and StrategyProduct-Related Announcements

Nubeva Gains Access to Frontier AI Model for Ransomware Defense

Positive

Sep 3, 2026

Nubeva Technologies Ltd. has secured access to a frontier artificial intelligence model reserved for vetted organizations conducting authorized defensive cybersecurity work. The company will explore how the advanced model can enhance its ransomware d...

Business Operations and StrategyRegulatory Filings and Compliance

Nubeva Moves to Semi-Annual Reporting to Streamline Compliance

Neutral

Sep 1, 2026

Nubeva Technologies Ltd., a ransomware-focused cybersecurity firm, has elected to adopt a semi-annual financial reporting framework permitted for certain venture issuers. The change shifts the company from quarterly to semi-annual interim reporting w...

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 31, 2026

Nubeva Technologies Ltd AI Stock Analysis