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An announcement from Northcoders Group PLC ( (GB:CODE) ) is now available.
Northcoders reported a sharp decline in 2025 revenue to £4.9 million and a swing to an adjusted EBITDA loss, reflecting a strategic reset after changes to UK government skills funding and a lag before cost savings take full effect. The Group nonetheless improved its cash position, delivered £2.1 million in annualised cost savings and secured a new £1.5 million NatWest debt facility to support its reshaped operations.
Operationally, the Counter consultancy division grew revenue by 77% to £1.5 million on the back of repeat work and new wins, while the bootcamp business secured competitive government-funded contracts, an extended Greater London Authority deal and an ‘Outstanding’ Ofsted rating. With strong early traction in new data, AI and machine learning programmes, ISO accreditations, a growing pipeline exceeding £4 million and increased public sector access, the Board signals confidence that a leaner, more focused Northcoders can rebuild growth and enhance long-term shareholder value despite mixed near-term market conditions.
Spark’s Take on CODE Stock
According to Spark, TipRanks’ AI Analyst, CODE is a Outperform.
Northcoders Group PLC demonstrates strong financial performance and strategic growth through recent contract wins, which are significant positives. However, technical analysis indicates bearish momentum, and cash flow management needs improvement. The stock’s undervaluation presents an opportunity, but the lack of a dividend yield may deter some investors.
To see Spark’s full report on CODE stock, click here.
More about Northcoders Group PLC
Northcoders Group PLC is a UK-based provider of technology training and consultancy services, operating through B2C coding and data bootcamps and its B2B consultancy arm, Counter. The company focuses on digital skills, including software development, data engineering, AI and machine learning, and increasingly serves both government-funded learners and private sector clients, particularly in London and across public sector frameworks.
Average Trading Volume: 4,107
Technical Sentiment Signal: Sell
Current Market Cap: £2.2M
For detailed information about CODE stock, go to TipRanks’ Stock Analysis page.