NASDAQ : BSP
Bending Spoons S.p.A. — Financial statements
Technology · Software - Application · Italy
Last price 46.78 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 28.11B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Bending Spoons S.p.A. (BSP) reported revenue of 2.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Revenue | 2.04B | 1.31B | 671.05M | 387.07M | 65.35M | 40.19M |
| Cost of Revenue | 678.67M | 445.13M | 241.20M | 148.55M | 245.76K | 52.67K |
| Gross Profit | 1.36B | 861.27M | 429.85M | 238.52M | 65.10M | 40.14M |
| Selling, General & Admin | 480.72M | 332.68M | 154.94M | 94.66M | 12.00M | 9.84M |
| Research & Development | 177.18M | 87.74M | 65.56M | 43.79M | ||
| Other Operating Expenses | 31.16M | 22.24M | ||||
| Operating Expenses | 657.89M | 420.42M | 220.50M | 138.45M | 51.55M | 37.39M |
| Operating Income | 705.27M | 440.85M | 209.35M | 100.07M | 13.55M | 2.75M |
| Interest Expense | -291.31M | -144.20M | -42.20M | -23.97M | ||
| Interest & Investment Income | 310.85K | 967.48K | ||||
| Currency Exchange Gain (Loss) | -34.20M | -34.20M | 14.70M | -4.30M | ||
| Other Non Operating Income (Expenses) | 87.29M | 11.73M | 4.99M | 1.52M | -628.44K | -419.05K |
| EBT Excluding Unusual Items | 467.06M | 274.18M | 186.84M | 73.31M | 13.24M | 3.29M |
| Merger & Restructuring Charges | -163.00M | -163.00M | -82.00M | -15.80M | ||
| Pretax Income | 304.06M | 111.18M | 104.84M | 57.51M | 13.24M | 3.29M |
| Income Tax Expense | 52.88M | 111.38M | 15.84M | -103.13M | 2.97M | -253.03K |
| Earnings From Continuing Operations | 251.18M | -205.00K | 89.00M | 160.64M | 10.27M | 3.55M |
| Net Income to Company | -205.00K | 89.00M | 160.64M | |||
| Minority Interest in Earnings | 1.00K | 68.00K | 516.00K | 130.00K | ||
| Net Income | 251.18M | -137.00K | 89.51M | 160.77M | 10.27M | 3.55M |
| Net Income to Common | 251.18M | -137.00K | 89.51M | 160.77M | ||
| Shares Outstanding (Basic) | 1.17B | 1.16B | 1.13B | 997.95M | ||
| Shares Outstanding (Diluted) | 1.19B | 1.16B | 1.19B | 1.05B | ||
| EPS (Basic) | 0.21 | -0.00 | 0.08 | 0.16 | ||
| EPS (Diluted) | 0.21 | -0.00 | 0.07 | 0.15 | ||
| Free Cash Flow | 452.92M | 290.10M | 204.29M | 55.11M | ||
| Free Cash Flow Per Share | 0.38 | 0.25 | 0.17 | 0.05 | ||
| Gross Margin | 66.76% | 65.93% | 64.06% | 61.62% | 99.62% | 99.87% |
| Operating Margin | 34.54% | 33.75% | 31.20% | 25.85% | 20.74% | 6.83% |
| Profit Margin | 12.30% | -0.01% | 13.34% | 41.54% | ||
| Free Cash Flow Margin | 22.18% | 22.21% | 30.44% | 14.24% | ||
| EBITDA | 946.49M | 595.38M | 295.87M | 134.68M | 21.95M | 8.06M |
| EBITDA Margin | 46.36% | 45.57% | 44.09% | 34.79% | 33.59% | 20.05% |
| D&A For EBITDA | 241.22M | 154.53M | 86.52M | 34.61M | ||
| EBIT | 705.27M | 440.85M | 209.35M | 100.07M | 13.55M | 2.75M |
| EBIT Margin | 34.54% | 33.75% | 31.20% | 25.85% | 20.74% | 6.83% |
| Effective Tax Rate | 17.39% | 100.18% | 15.11% | |||
| Advertising Expenses | 82.10M | 57.20M | 36.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 792.95M | 629.94M | 238.72M | 289.06M | 37.33M | 12.43M |
| Trading Asset Securities | 37.20M | 2.96M | 5.28M | |||
| Cash & Short-Term Investments | 830.15M | 629.94M | 241.68M | 294.34M | 37.33M | 12.43M |
| Accounts Receivable | 278.77M | 144.59M | 85.88M | 37.68M | 295.14K | 4.15M |
| Other Receivables | 90.08M | 74.87M | 44.84M | 16.14M | 12.24M | 12.53M |
| Receivables | 368.84M | 219.46M | 130.72M | 53.82M | 12.53M | 16.68M |
| Prepaid Expenses | 49.69M | 40.43M | 11.31M | 3.15M | ||
| Other Current Assets | 93.16M | 28.83M | 69.57M | 6.57M | 1.15K | |
| Total Current Assets | 1.35B | 918.66M | 453.28M | 357.89M | 49.86M | 29.11M |
| Property, Plant & Equipment | 88.20M | 46.48M | 18.12M | 18.87M | 6.20M | 474.01K |
| Long-Term Investments | 7.14M | 202.00K | 2.55M | 2.24K | 2.29K | |
| Goodwill | 4.15B | 2.42B | 693.51M | 163.86M | ||
| Other Intangible Assets | 2.16B | 1.08B | 529.12M | 162.13M | 8.10M | 11.38M |
| Long-Term Deferred Tax Assets | 270.17M | 271.07M | 182.26M | 224.76M | ||
| Long-Term Deferred Charges | 695.00K | 523.00K | ||||
| Other Long-Term Assets | 34.67M | 19.01M | 8.68M | 6.68M | 335.54K | 124.80K |
| Total Assets | 8.06B | 4.76B | 1.88B | 936.74M | 64.50M | 41.09M |
| Accounts Payable | 35.90M | 21.41M | 15.00M | 2.06M | 2.75M | 3.18M |
| Accrued Expenses | 139.17M | 139.37M | 61.43M | 21.73M | 2.31M | 5.24M |
| Short-Term Debt | 7.96M | 6.54M | ||||
| Current Portion of Long-Term Debt | 796.26M | 421.00M | 112.56M | 87.85M | ||
| Current Portion of Leases | 12.96M | 8.79M | 3.48M | 3.39M | ||
| Current Income Taxes Payable | 76.43M | 65.41M | 62.40M | 90.89M | ||
| Current Unearned Revenue | 583.26M | 450.50M | 149.16M | 57.94M | ||
| Other Current Liabilities | 468.67M | 12.05M | 10.22M | 5.95M | 6.39M | 3.37M |
| Total Current Liabilities | 2.11B | 1.12B | 414.25M | 269.81M | 19.41M | 18.33M |
| Long-Term Debt | 4.09B | 2.26B | 761.58M | 304.29M | 17.19M | 9.52M |
| Long-Term Leases | 64.29M | 27.85M | 6.38M | 7.61M | ||
| Long-Term Unearned Revenue | 38.40M | 214.00K | ||||
| Pension & Post-Retirement Benefits | 1.05M | 307.99K | ||||
| Long-Term Deferred Tax Liabilities | 491.63M | 349.07M | 62.40M | 15.51M | ||
| Other Long-Term Liabilities | 1.73M | 3.86M | 3.63M | 2.31M | 3.48M | 2.65M |
| Total Liabilities | 6.80B | 3.76B | 1.25B | 599.52M | 41.13M | 30.81M |
| Common Stock | 14.76M | 1.47M | 1.43M | 137.00K | ||
| Additional Paid-In Capital | 704.07M | 662.75M | 334.74M | 115.20M | ||
| Retained Earnings | 529.07M | 324.64M | 324.77M | 235.26M | ||
| Treasury Stock | -34.00K | -34.00K | ||||
| Comprehensive Income & Other | 10.51M | 6.01M | -24.69M | -13.47M | 23.37M | 10.28M |
| Total Common Equity | 1.26B | 994.86M | 636.22M | 337.09M | 23.37M | 10.28M |
| Minority Interest | 528.00K | 130.00K | ||||
| Shareholders' Equity | 1.26B | 994.86M | 636.75M | 337.22M | 23.37M | 10.28M |
| Total Liabilities & Equity | 8.06B | 4.76B | 1.88B | 936.74M | 64.50M | 41.09M |
| Total Debt | 4.96B | 2.72B | 884.00M | 403.13M | 25.16M | 16.06M |
| Net Cash (Debt) | -4.13B | -2.09B | -642.32M | -108.79M | 12.17M | -3.63M |
| Net Cash Per Share | -3.47 | -1.80 | -0.54 | -0.10 | ||
| Filing Date Shares Outstanding | 600.82M | 1.19B | 115.53M | 997.95M | ||
| Total Common Shares Outstanding | 600.82M | 1.19B | 115.53M | 997.95M | ||
| Working Capital | -760.95M | -199.87M | 39.03M | 88.08M | ||
| Book Value Per Share | 2.09 | 0.83 | 5.51 | 0.34 | ||
| Tangible Book Value | -5.04B | -2.51B | -586.41M | 11.10M | ||
| Tangible Book Value Per Share | -8.40 | -2.10 | -5.08 | 0.01 | ||
| Buildings | 2.65M | |||||
| Machinery | 11.39M | 10.12M | 5.70M | 4.42M | ||
| Construction In Progress | 98.00K | 397.00K | 726.00K | |||
| Leasehold Improvements | 14.01M | 14.07M | 10.48M | 8.94M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Net Income | 251.18M | -137.00K | 89.51M | 160.77M | ||
| Depreciation & Amortization | 241.22M | 154.53M | 86.52M | 34.61M | ||
| Loss (Gain) From Sale of Assets | -369.00K | |||||
| Asset Writedown & Restructuring Costs | 1.52M | 2.51M | 2.67M | 289.00K | ||
| Loss (Gain) From Sale of Investments | -9.71M | 1.60M | 9.59M | 6.85M | ||
| Stock-Based Compensation | 70.62M | 55.52M | 25.86M | 14.90M | ||
| Other Operating Activities | -10.71M | 109.66M | 23.08M | -189.47M | ||
| Change in Accounts Receivable | -77.76M | -1.09M | -28.92M | -16.86M | ||
| Change in Accounts Payable | -2.45M | -24.84M | 3.16M | -22.72M | ||
| Change in Unearned Revenue | 11.40M | 19.34M | 38.58M | 10.17M | ||
| Change in Income Taxes | 12.50M | -9.00M | -28.12M | 83.24M | ||
| Change in Other Net Operating Assets | -30.71M | -17.50M | -16.67M | -22.61M | ||
| Operating Cash Flow | 457.11M | 290.60M | 204.90M | 59.15M | ||
| Capital Expenditures | -4.19M | -501.00K | -604.00K | -4.04M | ||
| Cash Acquisitions | -3.56B | -1.85B | -726.57M | -170.59M | ||
| Sale (Purchase) of Intangibles | -14.00K | -67.00K | -162.48M | -958.00K | ||
| Investment in Securities | 5.29M | |||||
| Other Investing Activities | 1.00K | 1.00K | -1.00K | |||
| Investing Cash Flow | -3.57B | -1.85B | -889.65M | -170.29M | ||
| Long-Term Debt Issued | 2.15B | 838.29M | 123.61M | |||
| Long-Term Debt Repaid | -435.80M | -347.43M | -85.43M | |||
| Net Debt Issued (Repaid) | 3.36B | 1.71B | 490.87M | 38.17M | ||
| Issuance of Common Stock | 280.62M | 272.56M | 195.15M | 73.73M | ||
| Other Financing Activities | -125.33M | -47.49M | -21.98M | -1.24M | ||
| Financing Cash Flow | 3.51B | 1.94B | 664.04M | 110.66M | ||
| Foreign Exchange Rate Adjustments | -13.47M | 16.56M | -29.62M | 3.64M | ||
| Net Cash Flow | 391.30M | 391.22M | -50.34M | 3.17M | ||
| Free Cash Flow | 452.92M | 290.10M | 204.29M | 55.11M | ||
| Free Cash Flow Margin | 22.18% | 22.21% | 30.44% | 14.24% | ||
| Free Cash Flow Per Share | 0.38 | 0.25 | 0.17 | 0.05 | ||
| Levered Free Cash Flow | 708.31M | 25.35M | ||||
| Unlevered Free Cash Flow | 798.43M | 51.72M | ||||
| Cash Interest Paid | 242.30M | 130.88M | 19.17M | 16.58M | ||
| Cash Income Tax Paid | 14.62M | 14.62M | 6.46M | 7.73M | ||
| Change in Working Capital | -87.02M | -33.09M | -31.97M | 31.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 29.89B | |||||
| Enterprise Value | 34.03B | |||||
| Debt / Equity Ratio | 3.94 | 2.73 | 1.39 | 1.20 | 1.08 | 1.56 |
| Debt / EBITDA Ratio | 5.16 | 4.48 | 2.93 | 2.86 | 1.15 | 1.99 |
| Debt / FCF Ratio | 10.96 | 9.38 | 4.33 | 7.32 | ||
| Net Debt / Equity Ratio | 3.28 | 2.10 | 1.01 | 0.32 | -0.52 | 0.35 |
| Net Debt / EBITDA Ratio | 4.37 | 3.51 | 2.17 | 0.81 | -0.56 | 0.45 |
| Net Debt / FCF Ratio | 9.12 | 7.21 | 3.14 | 1.97 | ||
| Asset Turnover | 0.39 | 0.48 | 1.25 | 1.42 | ||
| Quick Ratio | 0.57 | 0.76 | 0.90 | 1.29 | 1.94 | 0.90 |
| Current Ratio | 0.64 | 0.82 | 1.09 | 1.33 | 2.57 | 1.59 |
| Return on Equity (ROE) | -0.03% | 18.27% | 61.41% | 45.06% | ||
| Return on Assets (ROA) | 8.30% | 9.27% | 16.17% | 6.06% | ||
| Return on Invested Capital (ROIC) | 11.51% | -0.04% | 20.60% | 43.77% | 107.96% | 24.12% |
| Return on Capital Employed (ROCE) | 11.90% | 12.10% | 14.20% | 15.00% | 30.10% | 12.10% |
| Buyback Yield / Dilution | -13.57% | 2.71% | -13.91% |