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q.beyond AG
(XETRA:QBY0)
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Rating:58Neutral
Price Target:
€3.50
▼(-5.41% Downside)
Action:Reiterated
Date:07/02/26
The score reflects a mixed fundamental picture: improving profitability and a conservative, low-debt balance sheet support the outlook, but weak revenue momentum, thin operating margins, and only moderate cash conversion limit financial strength. Technically, the stock remains in a downtrend with soft momentum indicators. Valuation is a positive offset due to the very low P/E, while the earnings call adds moderate support through confirmed guidance and a strong pipeline but highlights near-term profitability pressure from ongoing investments and execution risk.
Positive Factors
Conservative balance sheet / low leverage
A very low debt profile and meaningful net liquidity give q.beyond durable financial flexibility to fund AI and international investments without solvency stress. This cushions cyclical IT service volatility, supports opportunistic M&A, and limits refinancing risk over the next 2–6 months and beyond.
Negative Factors
Soft revenue trend
Persistent top-line softness limits operating leverage and makes margin targets harder to reach; for a services firm, stagnating revenue reduces scope to absorb fixed costs and new investments, raising sensitivity of profits and cash flow to execution over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
A very low debt profile and meaningful net liquidity give q.beyond durable financial flexibility to fund AI and international investments without solvency stress. This cushions cyclical IT service volatility, supports opportunistic M&A, and limits refinancing risk over the next 2–6 months and beyond.
Read all positive factors
q.beyond AG (QBY0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€16.15M
Dividend YieldN/A
Average Volume (3M)59.12K
Price to Earnings (P/E)2.2
Beta (1Y)0.55
Revenue Growth-6.70%
EPS GrowthN/A
CountryDE
Employees1,124
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.53
Shares Outstanding4,983,180
10 Day Avg. Volume76,828
30 Day Avg. Volume59,124
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.92
Price to Sales (P/S)0.47
P/FCF Ratio78.46
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)0.06
Revenue Forecast (FY)€183.43M
q.beyond AG Business Overview & Revenue Model
Company Description
q.beyond AG is a technology enterprise specializing in cloud computing, software applications, artificial intelligence (AI), and cybersecurity services. Its operations span both Germany and international markets. The company's activities are struc...
How the Company Makes Money
q.beyond primarily makes money by selling recurring and project-based IT services to business customers. A key revenue stream is managed services, where clients pay ongoing fees (typically subscription- or contract-based) for operating parts of th...
q.beyond AG Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call balanced progress on strategy execution, a strong sales funnel (>EUR 200m), improving consulting profitability and a healthy balance sheet against near-term profitability pressure from deliberate investments in AI and internationalization (EUR 2–3m per quarter) and a failed Q1 acquisition. Management confirmed 2026 guidance and emphasized that investments are intentional for scaling; however, achieving the higher end of EBITDA guidance depends on favourable execution and deals.Positive Updates
Q1 Revenue and EBITDA
Revenue for Q1 2026 was EUR 42.8 million and reported EBITDA was EUR 1.5 million (EBITDA margin ~3.5%).
Negative Updates
Temporary Negative Consolidated Net Income in Q1
Q1 produced a temporarily negative consolidated net income (management expects this to turn positive by year-end after planned investments and scaling).
Read all updates
Q1-2026 Updates
Positive
Negative
Q1 Revenue and EBITDA
Revenue for Q1 2026 was EUR 42.8 million and reported EBITDA was EUR 1.5 million (EBITDA margin ~3.5%).
Read all positive updates
Company Guidance
q.beyond confirmed 2026 guidance of revenues €182–190m, EBITDA €10–16m, with positive free cash flow and a positive consolidated net income; key context: Q1 revenue €42.8m and EBITDA €1.5m, net liquidity up €0.6m to €42.6m (≈€1.71/share) and the group is debt‑free with ~70% recurring revenue; the company cites a sales funnel >€200m (≈€40m already booked end‑Apr/early‑May), Q1 bookings/TCV and order entry up ~7% y/y, and expects book‑to‑bill >1 this year; strategic targets include ~€250m revenue and ~10% EBITDA margin by 2028 driven by ~5% organic growth, ~€20m from M&A and at least €20m from AI orchestration (they’ve launched 30 internal AI agents, added >10 AI customers in Q4/Q1), while upfront AI and internationalization costs run roughly €2–3m per quarter (noting a >€100m TCV five‑year contract win with Rohlig).q.beyond AG Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.01M | 182.59M | 192.59M | 189.28M | 173.02M | 155.16M |
| Gross Profit | 27.16M | 25.44M | 23.54M | 16.81M | 14.67M | 19.12M |
| EBITDA | 11.19M | 8.39M | 9.06M | 3.97M | -10.79M | 31.38M |
| Net Income | 845.00K | 1.48M | -4.95M | -17.48M | -33.30M | 9.71M |
Balance Sheet | ||||||
| Total Assets | 139.17M | 138.21M | 152.89M | 154.34M | 161.06M | 200.30M |
| Cash, Cash Equivalents and Short-Term Investments | 42.63M | 42.01M | 39.09M | 37.64M | 36.39M | 56.70M |
| Total Debt | 11.42M | 12.52M | 8.71M | 8.64M | 8.25M | 14.19M |
| Total Liabilities | 43.83M | 41.83M | 58.28M | 54.95M | 45.41M | 52.93M |
| Stockholders Equity | 93.05M | 94.17M | 92.56M | 97.85M | 115.14M | 147.07M |
Cash Flow | ||||||
| Free Cash Flow | 1.18M | 1.10M | 6.96M | 3.90M | -4.78M | -14.94M |
| Operating Cash Flow | 2.94M | 2.87M | 10.53M | 6.47M | -1.26M | -7.66M |
| Investing Cash Flow | 6.84M | 6.83M | -3.41M | -1.70M | -13.99M | 24.70M |
| Financing Cash Flow | -6.98M | -6.81M | -5.67M | -3.52M | -5.07M | -5.26M |
q.beyond AG Technical Analysis
Negative
3.70
Price Trends
3.60
Negative
3.66
Negative
3.77
Negative
Market Momentum
-0.12
Positive
36.70
Neutral
15.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:QBY0, the sentiment is Negative. The current price of 3.7 is above the 20-day moving average (MA) of 3.41, above the 50-day MA of 3.60, and below the 200-day MA of 3.77, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.70 is Neutral, neither overbought nor oversold. The STOCH value of 15.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:QBY0.
q.beyond AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €186.90M | 9.10 | 14.30% | 2.51% | -11.57% | 191.97% | |
69 Neutral | €3.91B | 16.28 | 11.74% | 1.62% | 4.04% | 4.21% | |
65 Neutral | €686.88M | 21.97 | 6.15% | 3.78% | 0.21% | 33.16% | |
58 Neutral | €16.15M | 2.19 | -1.96% | ― | -6.70% | ― | |
56 Neutral | €341.43M | 13.86 | 12.82% | 0.85% | 13.29% | 214.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €179.35M | 31.43 | 5.09% | 3.99% | -3.10% | -65.33% |
* General Sector Average
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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.