Bending Spoons Past Earnings Performance

Past criteria checks 2/6

Bending Spoons has been growing earnings at an average annual rate of 457.5%, while the Software industry saw earnings growing at 29.6% annually. Revenues have been growing at an average rate of 107.1% per year. Bending Spoons's return on equity is 20%, and it has net margins of 12.3%.

Key information

457.48%

Earnings growth rate

435.04%

EPS growth rate

Software Industry Growth	17.33%
Revenue growth rate	107.06%
Return on equity	19.96%
Net Margin	12.30%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

New Narrative • Aug 13

AI-Driven Software Subscriptions And M&A Will Sustain This Digital Platform Thesis

Catalysts About Bending Spoons Bending Spoons acquires digital businesses, integrates and transforms them, and uses the resulting cash flows to fund further acquisitions. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Jul 08

Bending Spoons: I Wouldn't Pay A Tech Multiple For This PE Play

Summary I think Bending Spoons S.p.A. operates like a tech-focused private equity fund, acquiring and restructuring distressed digital businesses, rather than a "traditional" tech company. Bending Spoon doesn't have a strong, integrated ecosystem of apps/platforms that can benefit from scale. It focuses on acquiring "cheap" businesses and optimizing their operations. BSP's growth is heavily reliant on M&A, with management allocating nearly $1B in IPO proceeds to future acquisitions and lacking clear organic growth guidance. Valuation hinges on M&A execution, which remains uncertain given the company's limited size. My DCF scenarios yield a wide price target range ($6–$122), reflecting high uncertainty and risk. I assign BSP a Hold rating, given the market's indecision on whether the company merits tech-like multiples or should be valued as a financial operator. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Bending Spoons makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:BSP Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 26	2,042	251	481	177
31 Mar 26	1,649	139	385	110
31 Dec 25	1,306	0	333	88
31 Dec 24	671	90	155	66
31 Dec 23	387	161	95	44

Quality Earnings: BSP has a large one-off loss of $163.0M impacting its last 12 months of financial results to 30th June, 2026.

Growing Profit Margin: BSP's current net profit margins (12.3%) are higher than last year (4.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BSP's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare BSP's past year earnings growth to its 5-year average.

Earnings vs Industry: BSP earnings growth over the past year (457.5%) exceeded the Software industry 22.6%.

Return on Equity

High ROE: BSP's Return on Equity (20%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/16 20:49
End of Day Share Price	2026/08/14 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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 world class team 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

Bending Spoons S.p.A. is covered by 10 analysts. 11 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
Yi Fu Lee	Benchmark Company
Mark Shmulik	Bernstein
Stefan Julien Slowinski	BNP Paribas