Bending Spoons S.p.A.

The stock is still in a corrective regime, trading below its 200-day average and well under the 52-week high. The setup has improved from the lows, but the longer-term trend remains damaged until price can reclaim the mid-30s area and hold it.

No published consensus target or rating mix is available, so the market lacks a clear Street anchor. With no recent rating changes, the setup is being driven more by company execution than by analyst revisions.

No earnings date is set, and there is no estimate trend to frame the next report. Shareholders should watch whether revenue growth can stay strong while margins and cash generation remain intact after the recent expansion.

The pattern is mildly constructive, with net buying and no recorded sales. The only clear discretionary purchases were Leonard Kedrowski’s 5,000-share buy in May 2006 and 2,000-share buy in February 2006; the 2014 entry is not a buy signal.

Profitability is solid, led by a 67.0% gross margin and 38.8% operating margin, while revenue grew 132.2% year over year. Free cash flow was $291.2 million in 2025, but leverage is meaningful with $2.26 billion of debt against $629.9 million of cash.

Bending Spoons stands out as a software roll-up with a broad portfolio across email, video, productivity, and creator tools. The valuation profile is hard to benchmark cleanly here, but the negative earnings multiple and 1.41% FCF yield point to a market still pricing in execution risk.