Jumia Technologies
JMIA Consumer Cyclical Internet Retail
Jumia Technologies' revenue for fiscal 2025 (year ended December 2025) was $188.9 million, up 12.8% from fiscal 2024. In the quarter to June 2026, revenue grew 13.9%, EPS grew 13.9%, free cash flow grew 4.91% and total debt rose 10.2%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
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Jumia Technologies (JMIA) Piotroski F-score
Jumia Technologies's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (1.00) |
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | 3.00 |
| FY2022 | 1 | (3.00) |
| FY2021 | 4 | (1.00) |
| FY2020 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (37.81%) | (51.88%) | Fail | 0 |
| Positive operating cash flow | (47.92m) | (57.20m) | Fail | 0 |
| Rising return on assets | (37.81%) | (51.88%) | Pass | 1 |
| Cash flow above net income | 13.63m | 41.88m | Pass | 1 |
| Falling long-term leverage | 0.05 | 0.04 | Fail | 0 |
| Rising current ratio | 1.14 | 1.77 | Fail | 0 |
| No new shares issued | 123,476,000 | 109,991,000 | Fail | 0 |
| Rising gross margin | 53.87% | 59.42% | Fail | 0 |
| Rising asset turnover | 1.16 | 0.88 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LQDT Liquidity Services, Inc. compare | 7 |
| RERE ATRenew Inc. Sponsored ADR compare | 6 |
| ZKH ZKH Group Limited Unsponsored ADR compare | 6 |
| NEGG Newegg Commerce, Inc. compare | 5 |
| TDUP ThredUp Inc. compare | 5 |
| OZON Ozon Holdings PLC Sponsored ADR compare | 5 |
| RVLV Revolve Group, Inc. compare | 5 |
| HEPS D-MARKET Electronic Services & Trading Unsponsored ADR compare | 4 |
| JMIA Jumia Technologies | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover