Spenda (SPX) Stock Overview

A software as a service to business customers and merchant payment services in Australia. More details

SPX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Earnings have grown 9.7% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (A$3M)

Highly volatile share price over the past 3 months compared to the Australian market

Shareholders have been substantially diluted in the past year

Has less than 1 year of cash runway

+ 1 more risk

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Spenda Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Spenda
Historical stock prices
Current Share Price	AU$0.0025
52 Week High	AU$0.12
52 Week Low	AU$0.002
Beta	1.23
1 Month Change	-16.67%
3 Month Change	-37.50%
1 Year Change	-97.50%
3 Year Change	-98.61%
5 Year Change	-99.80%
Change since IPO	-99.90%

Recent updates

Analysis Article • Dec 13

Spenda (ASX:SPX) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Apr 12

Here's Why Spenda (ASX:SPX) Can Manage Its Debt Despite Losing Money

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Analysis Article • Dec 02

Spenda (ASX:SPX) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Jun 20

Is Spenda (ASX:SPX) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analysis Article • Mar 03

Is Spenda (ASX:SPX) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Analysis Article • Mar 01

A Look At Cirralto's (ASX:CRO) CEO Remuneration

This article will reflect on the compensation paid to Adrian Floate who has served as CEO of Cirralto Limited ( ASX:CRO...

Shareholder Returns

	SPX	AU IT	AU Market
7D	25.0%	1.3%	-2.0%
1Y	-97.5%	-15.4%	-1.1%

Return vs Industry: SPX underperformed the Australian IT industry which returned -15.4% over the past year.

Return vs Market: SPX underperformed the Australian Market which returned -1.1% over the past year.

Price Volatility

Is SPX's price volatile compared to industry and market?
SPX volatility
SPX Average Weekly Movement	40.5%
IT Industry Average Movement	10.2%
Market Average Movement	9.7%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	4.0%

Stable Share Price: SPX's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: SPX's weekly volatility (41%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Corrie Hassan	spenda.co

Spenda Limited, a software as a service to business customers and merchant payment services in Australia. It provides payments solution that enables end to end e-invoicing integration, rapid ordering, digital trust and automated reconciliation, and creates standard operating environment that enables transfer of data from multiple, disparate software systems in one standardised technology solution. In addition, the company offers end-to-end software and supply integration, as well as ledger-to-ledger integration to improve operational efficiency for all trading parties in the supply chain.

Spenda Limited Fundamentals Summary

How do Spenda's earnings and revenue compare to its market cap?
SPX fundamental statistics
Market cap	AU$3.02m
Earnings (TTM)	-AU$15.29m
Revenue (TTM)	AU$8.78m

0.3x

P/S Ratio

-0.2x

P/E Ratio

Is SPX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPX income statement (TTM)
Revenue	AU$8.78m
Cost of Revenue	AU$12.55m
Gross Profit	-AU$3.77m
Other Expenses	AU$11.52m
Earnings	-AU$15.29m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.013
Gross Margin	-42.91%
Net Profit Margin	-174.14%
Debt/Equity Ratio	-112.8%

How did SPX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 09:44
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spenda Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Lodge Partners Pty Ltd.
Cyprus Sia	Spark Plus Pte Ltd

Spenda (SPX) Stock Overview

Rewards

Risk Analysis

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Spenda Limited Competitors

AUCyber

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FirstWave Cloud Technology

Victor Group Holdings

Price History & Performance

Recent News & Updates

Full year 2026 earnings released: AU$0.055 loss per share (vs AU$0.11 loss in FY 2025)

New major risk - Shareholder dilution

Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 3.598602 million.

Less than half of directors are independent

Spenda Limited Announces Board Changes

Spenda Limited has filed a Follow-on Equity Offering in the amount of AUD 8.545019 million.

Recent updates

Full year 2026 earnings released: AU$0.055 loss per share (vs AU$0.11 loss in FY 2025)

New major risk - Shareholder dilution

Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 3.598602 million.

Less than half of directors are independent

Spenda Limited Announces Board Changes

Spenda Limited has filed a Follow-on Equity Offering in the amount of AUD 8.545019 million.

Spenda Limited has filed a Follow-on Equity Offering in the amount of AUD 1.4 million.

First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2025)

New major risk - Financial position

New minor risk - Shareholder dilution

Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4 million.

New major risk - Market cap size

Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024)

Spenda Limited, Annual General Meeting, Nov 26, 2025

Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024)

Spenda Limited announced that it expects to receive $2.2729 million in funding from Obsidian Global GP, LLC

Less than half of directors are independent

Spenda (ASX:SPX) Is Using Debt Safely

Spenda Limited Announces Howard Digby Steps Down as Non-Executive Director

Spenda Limited (ASX:SPX) completed the acquisition of Limepay Pty Ltd.

Spenda Limited, Annual General Meeting, Nov 21, 2024

Full year 2024 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2023)

Spenda Limited (ASX:SPX) entered into binding term sheet to acquire Limepay Pty Ltd for AUD 6.65 million.

Spenda Limited Announces Appointment of Andrew Kearnan as A Non-Executive Director

New major risk - Share price stability

Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 7.175 million.

Spenda Limited Appoints David Laird as Non-Executive and Independent Director

Spenda Limited Launches PayFac Services

Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.016 loss in FY 2022)

New minor risk - Financial data availability

Here's Why Spenda (ASX:SPX) Can Manage Its Debt Despite Losing Money

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2022)

Spenda (ASX:SPX) Is Using Debt Safely

Less than half of directors are independent

Spenda Limited, Annual General Meeting, Nov 25, 2022

Spenda Limited(ASX:SPX) dropped from S&P/ASX Emerging Companies Index

Full year 2022 earnings released: AU$0.016 loss per share (vs AU$0.006 loss in FY 2021)

Is Spenda (ASX:SPX) A Risky Investment?

Less than half of directors are independent

Is Spenda (ASX:SPX) Using Too Much Debt?

MD & Executive Director exercised options to buy AU$367k worth of stock.

Full year 2021 earnings released: AU$0.006 loss per share (vs AU$0.01 loss in FY 2020)

Cirralto Limited completed the acquisition of Invigo Pty Ltd.

Cirralto Limited (ASX:CRO) agreed to acquire Invigo Pty Ltd for AUD 7 million.

Cirralto Limited (ASX:CRO) completed the acquisition of Appstablishment Software Group Pty Ltd from Rare Air Nominees Pty Ltd.

Independent Chairman exercised options and sold AU$213k worth of stock

A Look At Cirralto's (ASX:CRO) CEO Remuneration

Cirralto Limited Announces Software Release & BPSP/BPA Testing Update

MD & Executive Director exercised options to buy AU$390k worth of stock.

MD & Executive Director recently sold AU$423k worth of stock

Cirralto Limited, Annual General Meeting, Jan 28, 2021

Cirralto Limited Announces the Appointment of Richard Jarvis as Chief Financial Officer, Effective from 1 November 2020

Full year earnings released - AU$0.01 loss per share

Cirralto Limited has completed a Derivatives Offering in the amount of AUD 0.273172 million.

Cirralto Limited announced that it expects to receive AUD 2.712 million in funding

Cirralto Limited announced that it expects to receive AUD 0.6 million in funding

Shareholder Returns

Price Volatility

About the Company

Spenda Limited Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status