Bloober Team SA

Bloober Team maintains a strong liquidity position with a current ratio of 2.4, indicating the company can cover its short-term liabilities more than twice over. The company's liquidity_fpt score is high, supported by a free cash flow of 15,981,630 PLN and a net cash position that is negative after subtracting total debt. The debt-to-equity ratio of 0.09 suggests a conservative capital structure with minimal leverage.

Profitability metrics show a return on equity (ROE) of 13.83% and a return on assets (ROA) of 10.05%, both exceeding the median for the Software industry. The company's operating margin is 40.6%, and net profit margin is 36.4%, indicating strong cost control and pricing power. These metrics align with the industry_config preference for high-margin, asset-light software businesses.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to market-specific risks, particularly in the entertainment software sector. No competitor shares are available for comparison, but the company's revenue of 42,371,810 PLN places it in the lower tier of the Software industry cohort.

Outlook for the current fiscal year shows a projected revenue growth of 12.5% year-over-year, driven by the release of new titles and expansion into emerging markets. The next fiscal year is expected to see a 15.0% increase in revenue, assuming continued demand for the company's game portfolio. Capital expenditures are negative, indicating a reduction in investment in physical assets, which is typical for a software company.

Risk factors include a medium liquidity risk due to the negative net cash position after subtracting total debt. The dilution risk is low, with no near-term pressure from share issuance or convertible instruments. No dilution sources are disclosed in the 10-K or recent filings.

Recent events include the release of a new game title in Q1 2026, which contributed to a 10% increase in operating cash flow compared to the prior year. No material regulatory or geopolitical risks are disclosed in the latest filings, though the entertainment software industry is subject to content regulation in key markets.

Analyst consensus suggests 42.6% upside potential, with a mean price target of 36.00 versus the current market price.

Cash conversion ratio of 1.15 exceeds the software cohort median of 0.92, reflecting efficient cash generation.

Revenue CAGR of -1.3% over four years indicates a declining top-line trend despite recent volatility.

The company faces medium liquidity risk, which could constrain operational flexibility or increase financing costs.

Revenue PLN 149.3M, +67,5% YoY; Operating income +187,5% YoY.

• ▍Revenue PLN 149.3M, +67,5% YoY
• ▍Operating income +187,5% YoY
• ▍Net income +154,4% YoY
• ▍Free cash flow −418,2% YoY
• ▍Net margin 35.3%

Revenue PLN 94.0M, +53,8% YoY; Operating income +191,2% YoY.

• ▍Revenue PLN 94.0M, +53,8% YoY
• ▍Operating income +191,2% YoY
• ▍Net income +21,4% YoY
• ▍Free cash flow −75,9% YoY
• ▍Net margin 2.8%