Exasol AG (DE:EXL)
XETRA:EXL
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Exasol AG
(XETRA:EXL)
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Rating:71Outperform
Price Target:
€2.50
▼(-6.02% Downside)
Action:ReiteratedDate:05/08/26
The score is driven primarily by improving fundamentals—accelerating revenue growth, a shift to profitability, stronger operating/free cash flow, and a debt-free balance sheet. Offsetting this is only moderate technical strength (still below longer-term moving averages) and execution risk given the recent history of volatile, loss-making results.
Positive Factors
Debt-free balance sheet
Zero reported debt from 2022–2025 materially lowers financial risk and increases strategic optionality. A debt-free structure supports continued investment in product, sales and customer success, and provides resilience in downturns without immediate refinancing or covenant constraints.
Negative Factors
History of volatile losses
The company’s profits are a recent development after multi-year losses and volatile results. That history implies execution risk: a slowdown in adoption, execution missteps, or market pressures could reverse improvements, straining cash and investor confidence before the turnaround is proven durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt from 2022–2025 materially lowers financial risk and increases strategic optionality. A debt-free structure supports continued investment in product, sales and customer success, and provides resilience in downturns without immediate refinancing or covenant constraints.
Read all positive factors
Exasol AG (EXL) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€61.51M
Dividend YieldN/A
Average Volume (3M)20.14K
Price to Earnings (P/E)11.4
Beta (1Y)0.84
Revenue Growth5.55%
EPS Growth1209.30%
CountryDE
Employees176
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.11
Shares Outstanding26,882,757
10 Day Avg. Volume8,688
30 Day Avg. Volume20,145
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)9.63
Price to Sales (P/S)1.77
P/FCF Ratio19.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)€39.85M
Exasol AG Business Overview & Revenue Model
Company Description
Exasol AG develops database for analytics and data warehousing in Germany, Austria, Switzerland, Great Britain, North America, and internationally. It provides solutions to retail and e-commerce, finance analytics, and healthcare sectors. The comp...
How the Company Makes Money
Exasol makes money primarily by licensing its analytical database software to customers and providing related services. The core revenue stream is software revenue from customer contracts that grant the right to use the Exasol database, typically ...
Exasol AG Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 41.83M | 39.63M | 35.14M | 33.19M | 27.46M |
| Gross Profit | 10.82M | 8.61M | 2.88M | -1.54M | -15.61M |
| EBITDA | 3.09M | 2.33M | -5.56M | -12.17M | -25.63M |
| Net Income | 2.99M | 229.34K | -8.22M | -15.01M | -29.30M |
Balance Sheet | |||||
| Total Assets | 22.67M | 19.20M | 20.00M | 23.20M | 41.50M |
| Cash, Cash Equivalents and Short-Term Investments | 18.71M | 14.95M | 13.34M | 12.73M | 27.21M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 29.30K |
| Total Liabilities | 14.97M | 14.63M | 15.60M | 17.73M | 22.47M |
| Stockholders Equity | 7.70M | 4.57M | 4.40M | 5.47M | 19.03M |
Cash Flow | |||||
| Free Cash Flow | 3.84M | 1.56M | -6.28M | -14.64M | -40.48M |
| Operating Cash Flow | 4.40M | 1.74M | -6.18M | -14.36M | -36.03M |
| Investing Cash Flow | -554.00K | 1.19M | -1.10M | -281.00K | 31.07M |
| Financing Cash Flow | 4.00K | -4.00K | 6.90M | 139.00K | -1.82M |
Exasol AG Peers Comparison
UnderperformOutperform
Sector (61)
DE:EXL
Exasol AG
2.34
-0.90
-27.78%
GB:0CHZ
q.beyond AG
3.78
-0.77
-16.92%
DE:OSP2
USU Software
8.32
-0.78
-8.57%
DE:OBS
ORBIS AG
4.58
-1.53
-25.04%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.