Bending Spoons S.p.A. BSP

 — 
33.25 0.45 1.37% as of 25 Sep
Market cap
$21.1B
P/E
122×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 61.65%

Capital & Financial Ratios

Market Cap 21,070.00
Revenue 1,875.52
Net Income 269.69
Free Cash Flow 341.97
Net Debt 4,088.13
Current Ratio 0.64
Debt/Equity 3.88
P/E ratio 121.84
P/S ratio 10.65
P/B ratio 15.88
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash — 239 630 793
Receivables — 91 157 291
Inventory — — — —
Other — 112 91 218
— 453 919 1,352
2023 2024 2025 Q'26
Payables — 15 21 36
ST’ Debt — 112 415 794
Other — — — —
— 414 1,119 2,113
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue

Mar Jun Sep Dec Year
’26 601 704 — — —
’25 259 311 — — 1,306
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 76 179 — — —
’25 21 66 — — 291
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 72 178 — — —
’25 21 66 — — 290
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.04 0.28 — — —
’25 (0.19) 0.11 — — 0.00
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — — —

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — — —
High Price
— — — — — — — — — 2,187
Employees
— — — — — — — — 0 1
Revenue/Emp
— — — — — — — — 671 1,306
Revenue
— — — — — — — — 63.91% 65.62%
Gross Margin
— — — — — — — — 105 111
EBT
— — — — — — — — 15.62% 8.51%
EBT Margin
— — — — — — — — 89 0
Net Income
— — — — — — — — 89 157
Depreciation
— — — — — — — — 1.19 2.25
Revenue/Sh
— — — — — — — — 0.16 0.00
Earnings/Sh
— — — — — — — — 0.36 0.50
Cash Flow/Sh
— — — — — — — — (0.29) 0.00
Capex/Sh
— — — — — — — — 0.07 0.50
Free CF/Sh
— — — — — — — — 1.13 1.71
Book Value/Sh
— — — — — — — — 563 581
Shares
— — — — — — — — 148.41 148.41
PE Ratio
— — — — — — — — 12.97 12.97
PS Ratio
— — — — — — — — 19.34 19.34
PB Ratio
— — — — — — — — 15.15 15.15
EV/Sales
— — — — — — — — 83.11 83.11
EV/FCF
— — — — — — — — 205 291
Op' Cash Flow
— — — — — — — — (163) (1)
Capex
— — — — — — — — 42 290
FCF
— — — — — — — — 39 (200)
Working Cap'
— — — — — — — — 867 2,671
Total Debt
— — — — — — — — 629 2,041
Net Debt
— — — — — — — — 637 995
Sh' Equity
— — — — — — — — 0.00% 0.00%
ROA
— — — — — — — — 6.29% 5.72%
ROIC
— — — — — — — — 0.00% (0.02%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Bending Spoons S.p.A. (BSP) key facts

  • Bending Spoons S.p.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 94.7% from fiscal 2024.
  • Bending Spoons S.p.A. reported a net loss of $204,000.00, or a loss of $0.00 per share, for fiscal 2025.
  • As of September 25, 2026, BSP traded at $33.25, a market capitalization of $21.1 billion.
  • At that price the stock trades at 122× trailing-twelve-month earnings and 10.7× sales.
  • Return on equity was −0.02% and debt-to-equity 3.88.

Source: company filings (standardised) and stockrow calculations.

Bending Spoons S.p.A. (BSP) Latest News

News by impact score

Fine-tune

25 Sep

4

Bending Spoons successfully syndicated and priced a $1.25 billion add-on to its USD senior secured term loan B due 2031 and a €395 million add-on to its euro-denominated term loan B due 2031, fungible with existing B tranches and exceeding initial targets of $750 million and €250 million. Proceeds will finance the Miro acquisition, repay the drawn portion of the euro revolving credit facility, and support general corporate purposes. Closing is subject to definitive documentation and closing conditions. Earlier, Moody’s upgraded BSP to Ba3 from B1 and S&P to BB- from B+. The financing underscores BSP’s acquisitive growth strategy and its focus on operational transformations funded by its Platform and data-driven approach. Credit ratings upgrades to Ba3/BB- coincide with upsized, fungible term loan add-ons to fund the Miro acquisition and strengthen BSP's financing capacity.

23 Sep

4

Bending Spoons opened a new Warsaw office as part of its international expansion, offering relocation packages to attract Poland-based engineers and product staff. A networking event aimed at the local tech community signals ongoing hiring and integration efforts. The Warsaw hub is positioned as a node in a broader European footprint rather than a stand-alone outpost, tying into BSP’s strategy of acquiring and reshaping digital businesses across the US, Europe and Asia (including AOL, Eventbrite and Vimeo). The move supports access to talent near the University of Warsaw and to scale integration as BSP deploys nearly US$6 billion of capital with a large pipeline of targets. Analysts at Simply Wall St project a fair value around $48.27 and stress watching hiring traction in software engineering, AI research, product management and data in Poland through 2027. Strengthens integration capacity and access to European tech talent, supporting BSP's M&A-driven growth and deployment of capital.

21 Sep

4

Bending Spoons opened a Warsaw office to recruit locally for software engineering, AI research, product and growth roles, expanding from its Milan HQ and existing London and Madrid locations. Poland has seen around 50,000 applications this year, more than twice 2025, with many strong candidates, including students still studying when they applied. The new Warsaw site lies in Śródmieście, near the Presidential Palace and University of Warsaw. Hires are encouraged to spend initial months in Milan with travel and accommodation covered, and relocating to Warsaw includes travel, shipping, up to four months of temporary accommodation, and commuting costs. The firm also plans €1,000,000+ in scholarships across Europe in 2026 and continues partnerships like ICPC Central Europe. Roles open in software engineering, AI, data, design, and more, with a networking event to celebrate the Warsaw opening. Access to a large Polish talent pool and a new Warsaw base strengthen hiring and execution in core tech areas.

11 Sep

4

Bending Spoons S.p.A. acquires visual collaboration firm Miro for $1.3 billion. The $1.3 billion acquisition of Miro marks a major strategic expansion that could substantially reshape Bending Spoons' operations and market position.

10 Sep

5

Bending Spoons acquires digital whiteboard company Miro in a $1.4 billion deal. The $1.4B Miro acquisition expands Bending Spoons into collaborative productivity software at massive scale.

4

Bending Spoons S.p.A. acquires Miro in a $1.36 billion enterprise deal. The $1.36 billion Miro acquisition marks a major strategic expansion that will reshape Bending Spoons' market position and growth path.

4

Bending Spoons acquires Miro for $1.36B, 90% below its 2022 valuation. Acquisition of Miro at steep discount marks major strategic move likely to reshape Bending Spoons competitive position.

4

Bending Spoons S.p.A. has agreed to acquire Miro at a $1.36 billion enterprise value. The $1.36 billion acquisition of Miro marks a major strategic expansion for Bending Spoons S.p.A.

4

Bending Spoons S.p.A. enters definitive agreement to acquire Miro for 1.355 billion dollars. 1.355 billion dollar acquisition of Miro constitutes major strategic expansion with potential to significantly alter Bending Spoons trajectory.

4 Sep

4

Bending Spoons S.p.A. completes the acquisition of Airtable. Acquisition of Airtable marks a major strategic expansion likely to alter company trajectory.

20 Aug

3 transcript

Bending Spoons S.p.A. held its Q2 2026 earnings call to review financial results and business outlook. Earnings calls deliver performance data that can shift near-term investor views without guaranteeing structural change.

16 Aug

3

Bending Spoons beat earnings in its first quarter as a public company, but investors focused on the detailed disclosures instead. Earnings beat during public debut quarter produces moderate influence on near-term valuation and sentiment without altering long-term trajectory.

13 Aug

4

Analyst warns Bending Spoons S.p.A. software stock faces an $18B problem. Warning of an $18 billion problem signals major challenges ahead for Bending Spoons S.p.A.

3

Bending Spoons S.p.A. announced its Q2 2026 financial results. Quarterly results deliver financial metrics that can shift near-term valuation and sentiment.

5 Aug

5

Bending Spoons S.p.A. acquires Airtable in a $1.3bn all-cash deal. The $1.3bn all-cash acquisition of Airtable marks a transformative expansion for Bending Spoons S.p.A. into productivity software.

4

Bending Spoons acquires Airtable in its first deal after going public, completing the purchase at a $9 billion discount. The Airtable acquisition constitutes a major strategic expansion that can materially alter Bending Spoons' growth trajectory and competitive stance.

4 Aug

5

Bending Spoons agrees to buy Airtable. Airtable acquisition marks a transformative move that redefines Bending Spoons competitive position and long-term prospects.

5

Bending Spoons S.p.A. acquires Airtable for $1.285 billion. The $1.285 billion Airtable acquisition marks a transformative expansion for Bending Spoons S.p.A.

5

Bending Spoons agrees to acquire Airtable in a $1.29 billion cash deal. The $1.29 billion cash acquisition of Airtable marks a major strategic expansion that will reshape Bending Spoons' scale and market position.

5

Bending Spoons S.p.A. has entered a definitive agreement to acquire Airtable for 1.285 billion dollars. The 1.285 billion dollar Airtable acquisition expands Bending Spoons into a major new software category and alters its scale and positioning.

4

Bending Spoons S.p.A. acquires Airtable for $1.28 billion. The $1.28 billion Airtable acquisition constitutes a major strategic expansion for Bending Spoons.

4

Bending Spoons will acquire Airtable after the latter's valuation fell sharply from its $11.7 billion peak. Acquisition of Airtable constitutes a major strategic expansion likely to alter Bending Spoons' trajectory and market position.

3

Airtable sale punctures SaaS bubble, signaling market correction that may affect Bending Spoons S.p.A. valuations and trajectory. Airtable sale points to SaaS market shifts with moderate influence on Bending Spoons performance.

30 Jul

4

Intesa Sanpaolo joins Bending Spoons €500 million loan for global growth. €500 million loan delivers major capital to drive Bending Spoons international expansion and performance.

28 Jul

4

Bending Spoons S.p.A. entered into a €500 million SACE-backed term loan facility. €500 million SACE-backed facility supplies major new capital for operations and growth initiatives.

27 Jul

3

Bending Spoons S.p.A., new owner of AOL, receives six buy ratings and four hold ratings from analysts on its stock. Analyst buy and hold ratings can moderately shift investor sentiment and short-term stock performance.

stockrow.com/BSP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com