TR
TRST.L
—
London Stock Exchange
Online Services
Trustpilot Group PLC
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
—
Op margin
6,1 %
ROE
-115,3 %
Net margin
3,0 %
Debt / equity
-2,69
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$54,92
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
Trustpilot Group PLC operates as a digital review platform that enables businesses to collect, manage, and respond to customer feedback, generating revenue primarily through subscription fees and advertising services.
Business. Trustpilot Group PLC (TRST.L) is a technology company operating in the online services industry, primarily generating revenue through advertising. The firm is headquartered in the United Kingdom and is listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the provided data.
Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryOnline Services
Generated · model-assisted
Sell-side consensus
BUY12 analysts
11 buy1 hold0 sell
Avg 12m price target327,91
Analyst recommendations
12 analysts · consensus BuyBuy11
Hold1
Sell0
12-month price target
327,91
Consensus of sell-side coverage.
At a glance
Valuation
—
valuation pending
Analysts→
Buy
12 analysts · indicative
Ownership
—
not yet wired
Profitability→
-115,3 %
return on equity
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Communication Services+2,1 %−5,2 %+2,0 %
Energy+1,0 %+4,8 %+0,9 %
Materials+0,9 %+10,7 %+0,9 %
Health Care+0,6 %+7,5 %+0,5 %
Consumer Discretionary−0,1 %+5,7 %−0,2 %
Utilities−0,1 %+10,8 %−0,2 %
Real Estate−0,1 %+2,9 %−0,2 %
Financials−0,2 %+1,3 %−0,2 %
Information Technology · THIS SECTOR−0,2 %+5,7 %−0,3 %
Consumer Staples−0,2 %+1,2 %−0,3 %
Industrials−1,0 %+6,8 %−1,1 %
Developing storylines
No tracked sagas currently linked to TRST.L. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-08
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Rate decisionFederal Reserve rate decision (press conf.)2026-09-16 · US
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Synthesis
Business
Trustpilot Group PLC (TRST.L) is a technology company operating in the online services industry, primarily generating revenue through advertising. The firm is headquartered in the United Kingdom and is listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the provided data.
Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryOnline Services
AI synthesis
GENERATEDTrustpilot Group PLC has a negative equity position of $6.73 million, with total liabilities exceeding total assets by $6.73 million, indicating a weak capital structure. The company's liquidity position is further strained by a current ratio of 0.66, suggesting limited short-term liquidity to cover immediate obligations. Despite this, the company reported positive operating cash flow of $59.21 million and free cash flow of $10.95 million, which may provide some buffer for near-term operations.
Profitability metrics show mixed results. The company's return on assets (ROA) is 6.08%, which is relatively low for a software and IT services firm, indicating inefficient use of assets to generate profit. The return on equity (ROE) is negative at -115.27%, reflecting the negative equity position and poor returns for shareholders. These figures fall below the typical performance of the Online Services industry, which generally expects higher ROA and positive ROE.
Trustpilot's revenue is concentrated in a single business model, primarily through its online review platform, with no disclosed geographic diversification in the provided data. This lack of diversification may expose the company to higher operational and market risks, particularly in the event of a downturn in the digital review or customer feedback market.
Looking ahead, Trustpilot's growth trajectory appears uncertain. The company's revenue for the latest period was $261.05 million, but there is no provided data on year-over-year growth or future projections. Analysts have set a mean price target of $327.91, with a median of $330.00, suggesting a generally positive outlook, though the wide range from $235.00 to $410.00 indicates significant uncertainty.
The risk assessment highlights liquidity as a medium concern, with the company's net cash position being negative after accounting for total debt. The dilution risk is currently low, with no significant dilution potential reported in the basic shares outstanding. However, the negative equity position and high debt-to-equity ratio of -2.69 suggest that the company may need to raise additional capital in the future, which could lead to increased dilution.
Recent events and filings do not provide specific details on Trustpilot's strategic moves or operational changes. However, the company's financial performance and capital structure suggest that it may be under pressure to improve its profitability and reduce its liabilities to stabilize its equity position.
Key takeaways
- Trustpilot Group PLC has a negative equity position and a weak capital structure, with liabilities exceeding assets.
- The company's return on equity is significantly negative, indicating poor returns for shareholders.
- Trustpilot's revenue is concentrated in a single business model, with no disclosed geographic diversification.
- Analysts have a generally positive outlook, but the wide range of price targets indicates significant uncertainty.
- The company's liquidity position is strained, with a current ratio below 1 and a negative net cash position after debt.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
$293,40
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
-$6.7M
Net cashⓘ
-$18.1M
Current ratioⓘ
0.7
Debt / equityⓘ
-2.7
ROAⓘ
6.1%
ROEⓘ
-1.2%
Cash conversionⓘ
763.0%
CapEx / revenueⓘ
-3.2%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
0,07
Predicted surprise
0,00
Beat probability
45 %
Analysts
12
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-25 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,07 |
| Revenue | —no estimate | —no estimate | 306,9M USD |
| Operating income | —no estimate | —no estimate | 37,9M USD |
Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-08-07
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution12 analysts
Strong buy5
Buy6
Hold1
Sell0
Strong sell0
12-month price target$327,91 · Median $330,00
Low $235,00High $410,00
Operating income · consensus37,9M USD
EPS surprise
−30,9 %
reported vs consensus · miss
Revenue surprise
−14,9 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$235,00
Mean$327,91
Median$330,00
High$410,00
Spot$293,40
+11.8 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin6,1 %Above median
Net Margin3,0 %Above median
ROE-115,3 %Bottom quartile
Capex / Rev-3,2 %Below median
D/E-2,69Best in class
Cash Conv7,63Best in class
Corporate actions / M&A
M&A probabilityconf —
Probability
5 %
Base rate
3 %
Band
Moderate
180-day horizon · target 2027-02-03 · 1,8× base rate
No acquirer candidates identified by the signal model.
Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net disposed 5 516 sh18 exercises · 2 grants13 insiders
- EVP & CHIEF OPERATING OFFICER · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 1 600exercise · 2025-11-21
- Director, CHAIRMAN, PRESIDENT & CEO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 4 184exercise · 2025-11-21
- GENERAL COUNSEL & SECRETARY · RESTRICTED STOCK UNIT → COMMON STOCKAcquired 271exercise · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CBO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 1 107exercise · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CFO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 1 107exercise · 2025-11-21
- GENERAL COUNSEL & SECRETARY · RESTRICTED STOCK UNIT → COMMON STOCKAcquired 403exercise · 2025-11-19
- EVP & CHIEF OPERATING OFFICER · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 1 283exercise · 2025-11-19
- EXECUTIVE VICE PRESIDENT & CBO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 1 100exercise · 2025-11-19
- Director, CHAIRMAN, PRESIDENT & CEO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 3 483exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- EXECUTIVE VICE PRESIDENT & CFO · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 917exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director · RESTRICTED STOCK UNIT → COMMON STOCKDisposed 550exercise · 2025-11-19
- Director, CHAIRMAN, PRESIDENT & CEO · RESTRICTED STOCK UNIT → COMMON STOCKAcquired 9 934grant · 2025-11-18
- EXECUTIVE VICE PRESIDENT & CFO · RESTRICTED STOCK UNIT → COMMON STOCKAcquired 3 057grant · 2025-11-18
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
How metrics are computed
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
Source documents
- Trustpilot Group PLC Market data — financials · 2026-05-29
- Trustpilot Group PLC Market data — analyst estimates · 2026-05-29
- Trustpilot Group PLC Market data — ESG · 2026-05-29
Ownership & reference
Leadership
- Adrian BlairChief Executive Officer, Executive Director
Insider activity
Net buying4 buys · 0 sellsnet $44K13 insiders · last 365d
- Director · COMMON STOCKBought 100 @ $52,29$5K · 2026-06-04
- Director · COMMON STOCKBought 105 @ $46,18$5K · 2026-04-24
- EXECUTIVE VICE PRESIDENT & COO · COMMON STOCKBought 588 @ $42,55$25K · 2026-03-12
- Director · COMMON STOCKBought 200 @ $42,69$9K · 2025-11-26
- EVP & CHIEF OPERATING OFFICER · COMMON STOCKOther 1 600 · 2025-11-21
- EVP & CHIEF OPERATING OFFICER · COMMON STOCKOther 755 @ $41,54$31K · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CFO · COMMON STOCKOther 435 @ $41,54$18K · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CFO · COMMON STOCKOther 1 107 · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CBO · COMMON STOCKOther 1 107 · 2025-11-21
- EXECUTIVE VICE PRESIDENT & CBO · COMMON STOCKOther 461 @ $41,54$19K · 2025-11-21
- GENERAL COUNSEL & SECRETARY · COMMON STOCKOther 271 · 2025-11-21
- GENERAL COUNSEL & SECRETARY · COMMON STOCKOther 271 @ $41,54$11K · 2025-11-21
- Director, CHAIRMAN, PRESIDENT & CEO · COMMON STOCKOther 4 184 · 2025-11-21
- Director, CHAIRMAN, PRESIDENT & CEO · COMMON STOCKOther 2 112 @ $41,54$88K · 2025-11-21
- Director · COMMON STOCKOther 550 · 2025-11-19
- Director · COMMON STOCKOther 550 @ $39,70$22K · 2025-11-19
- Director · COMMON STOCKOther 550 @ $39,70$22K · 2025-11-19
- Director · COMMON STOCKOther 550 · 2025-11-19
- Director · COMMON STOCKOther 550 @ $39,70$22K · 2025-11-19
- Director · COMMON STOCKOther 550 · 2025-11-19
- Director · COMMON STOCKOther 550 @ $39,70$22K · 2025-11-19
- Director · COMMON STOCKOther 550 · 2025-11-19
- Director · COMMON STOCKOther 550 @ $39,70$22K · 2025-11-19
- Director · COMMON STOCKOther 550 · 2025-11-19
- EXECUTIVE VICE PRESIDENT & CBO · COMMON STOCKOther 1 100 · 2025-11-19
Short positioning
819.8Kshares short+6.0% vs prior
9.27days to cover
66.6%short of daily vol
89fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
TRST.LCanonical
London Stock Exchange · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 8.38xDerived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -3.1%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 3.4%Derived (calculated)
- Return on equity (FY 2025-12-31): 8.9%Derived (calculated)
- Return on assets (FY 2025-12-31): 0.9%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 142.9%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 13.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 26.8%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 26.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 25.2%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 3.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 1.5%Derived (calculated)
- Total assets (annual): USD 6.44BSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 3SEC XBRL filing
- Cash & equivalents (annual): USD 730.43MSEC XBRL filing
- Total liabilities (annual): USD 5.75BSEC XBRL filing
- Shareholders' equity (annual): USD 686.59MSEC XBRL filing
- Capex (annual): USD 11.87MSEC XBRL filing
- Shares outstanding (annual): 18.03MSEC XBRL filing
- Operating cash flow (annual): USD 57.6MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 3SEC XBRL filing
- Pre-tax income (annual): USD 80.81MSEC XBRL filing
- Net income (annual): USD 61.14MSEC XBRL filing
- EPS (basic) (YoY) (2024-12-31 vs 2023-12-31): -16.6%Derived (calculated)
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-07-21 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-07-21EVENTQ2 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-04 00:00 UTCINSIDER1 insider transaction — 2026-06
2026-06-04INSIDERLUCARELLI LISA M bought 100 sh — Director ~$5k
2026-04-24 00:00 UTCINSIDER1 insider transaction — 2026-04
2026-04-24INSIDERSilverman Frank B bought 105 sh — Director ~$5k
2026-03-12 00:00 UTCINSIDER1 insider transaction — 2026-03
2026-03-12INSIDERCURLEY KEVIN M bought 588 sh — EXECUTIVE VICE PRESIDENT & COO ~$25k
2025-11-26 00:00 UTCINSIDER57 insider transactions — 2025-11 · net sell $475k 20 derivative
2025-11-26INSIDERLUCARELLI LISA M bought 200 sh — Director ~$9k
2025-11-21INSIDEROZIMEK MICHAEL M transacted 435 sh — EXECUTIVE VICE PRESIDENT & CFO ~$18k
2025-11-21INSIDERLEONARD ROBERT M transacted 1.6k sh — EVP & CHIEF OPERATING OFFICER
2025-11-21INSIDERLEONARD ROBERT M transacted 755 sh — EVP & CHIEF OPERATING OFFICER ~$31k
2025-11-21INSIDEROZIMEK MICHAEL M transacted 1.1k sh — EXECUTIVE VICE PRESIDENT & CFO
2025-11-21INSIDERCURLEY KEVIN M transacted 1.1k sh — EXECUTIVE VICE PRESIDENT & CBO
2025-11-21INSIDERCURLEY KEVIN M transacted 461 sh — EXECUTIVE VICE PRESIDENT & CBO ~$19k
2025-11-21INSIDERHALL MICHAEL JAMES transacted 271 sh — GENERAL COUNSEL & SECRETARY
2025-11-21INSIDERMCCORMICK ROBERT J transacted 4.2k sh — Director, CHAIRMAN, PRESIDENT & CEO
2025-11-21INSIDERMCCORMICK ROBERT J transacted 2.1k sh — Director, CHAIRMAN, PRESIDENT & CEO ~$88k
2025-11-21INSIDERCURLEY KEVIN M disposed of 1.1k sh RESTRICTED STOCK UNIT — EXECUTIVE VICE PRESIDENT & CBO
2025-11-21INSIDEROZIMEK MICHAEL M disposed of 1.1k sh RESTRICTED STOCK UNIT — EXECUTIVE VICE PRESIDENT & CFO
2025-11-21INSIDERLEONARD ROBERT M disposed of 1.6k sh RESTRICTED STOCK UNIT — EVP & CHIEF OPERATING OFFICER
2025-11-21INSIDERHALL MICHAEL JAMES acquired 271 sh RESTRICTED STOCK UNIT — GENERAL COUNSEL & SECRETARY
2025-11-21INSIDERMCCORMICK ROBERT J disposed of 4.2k sh RESTRICTED STOCK UNIT — Director, CHAIRMAN, PRESIDENT & CEO
2025-11-19INSIDERCURLEY KEVIN M transacted 1.1k sh — EXECUTIVE VICE PRESIDENT & CBO
2025-11-19INSIDERCURLEY KEVIN M transacted 455 sh — EXECUTIVE VICE PRESIDENT & CBO ~$18k
Showing the 40 most recent of 58 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-08
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data
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