q.beyond AG (DE:QBY0)
XETRA:QBY0
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q.beyond AG
(XETRA:QBY0)
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Rating:50Neutral
Price Target:
€0.81
▼(-78.00% Downside)
Action:Reiterated
Date:01/09/26
The score is held back primarily by weak financial performance (ongoing profitability and cash-flow challenges) and a negative P/E. Offsetting this somewhat are improving recent business trends and guidance confirmation from the earnings call, while technicals suggest only a modest near-term stabilization within a still-weak longer-term trend.
Positive Factors
Diversified revenue streams & partnerships
A multi-stream services model (consulting, software projects, managed services, cloud) and tech partnerships create recurring contract opportunities and integrated offerings. This structural mix supports steadier revenue and higher client stickiness over the medium term.
Negative Factors
Negative profitability metrics
Persistent negative net margins and ROE signal structural profitability challenges. Over months this constrains retained earnings, limits reinvestment capacity, and undermines shareholder value creation unless operational margins and revenue mix materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams & partnerships
A multi-stream services model (consulting, software projects, managed services, cloud) and tech partnerships create recurring contract opportunities and integrated offerings. This structural mix supports steadier revenue and higher client stickiness over the medium term.
Read all positive factors
q.beyond AG (QBY0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€18.24M
Dividend YieldN/A
Average Volume (3M)59.12K
Price to Earnings (P/E)0.4
Beta (1Y)0.58
Revenue Growth-6.70%
EPS GrowthN/A
CountryDE
Employees1,125
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-9.05
Shares Outstanding4,983,180
10 Day Avg. Volume76,828
30 Day Avg. Volume59,124
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00377
P/FCF Ratio0.10
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)€186.28M
q.beyond AG Business Overview & Revenue Model
Company Description
q.beyond AG engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally. It operates through two segments, Consulting and Managed Services. The Consulting segment provides various consulti...
How the Company Makes Money
q.beyond AG generates revenue through multiple streams, primarily by providing IT services and solutions to enterprises. Key revenue streams include consulting services, software development projects, managed services, and cloud solutions. The com...
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
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 185.61M | 192.59M | 189.28M | 173.02M | 155.16M | 143.42M |
| Gross Profit | 22.21M | 23.54M | 16.81M | 14.67M | 19.12M | 11.62M |
| EBITDA | 12.61M | 9.06M | 3.97M | -10.79M | 31.38M | -1.99M |
| Net Income | -1.81M | -4.95M | -17.48M | -33.30M | 9.71M | -19.90M |
Balance Sheet | ||||||
| Total Assets | 138.59M | 152.89M | 154.34M | 161.06M | 200.30M | 190.86M |
| Cash, Cash Equivalents and Short-Term Investments | 41.31M | 39.09M | 37.64M | 36.39M | 56.70M | 44.92M |
| Total Debt | 11.77M | 8.71M | 8.64M | 8.25M | 14.19M | 17.87M |
| Total Liabilities | 43.89M | 58.28M | 54.95M | 45.41M | 52.93M | 54.31M |
| Stockholders Equity | 92.34M | 92.56M | 97.85M | 115.14M | 147.07M | 136.56M |
Cash Flow | ||||||
| Free Cash Flow | 328.00K | 6.96M | 3.90M | -4.78M | -14.94M | -10.55M |
| Operating Cash Flow | 3.32M | 10.53M | 6.47M | -1.26M | -7.66M | -4.97M |
| Investing Cash Flow | 7.08M | -3.41M | -1.70M | -13.99M | 24.70M | -7.09M |
| Financing Cash Flow | -7.75M | -5.67M | -3.52M | -5.07M | -5.26M | -9.05M |
q.beyond AG Technical Analysis
Positive
3.70
Price Trends
3.64
Positive
3.74
Negative
3.94
Negative
Market Momentum
>-0.01
Positive
50.62
Neutral
41.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:QBY0, the sentiment is Positive. The current price of 3.7 is above the 20-day moving average (MA) of 3.65, above the 50-day MA of 3.64, and below the 200-day MA of 3.94, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 41.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | €199.55M | 2.44 | 16.25% | 2.51% | -13.11% | 201.98% | |
69 Neutral | €3.86B | 20.39 | 11.74% | 1.62% | 4.04% | 4.21% | |
65 Neutral | €765.91M | 23.37 | 6.15% | 3.78% | 0.21% | 33.16% | |
56 Neutral | €393.00M | 40.26 | 12.82% | 0.85% | 13.29% | 214.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €166.40M | -30.27 | 6.96% | 3.99% | -3.10% | -65.33% | |
50 Neutral | €18.24M | 0.44 | -1.96% | ― | -6.70% | ― |
* 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.