Squirrel Media SA (SQRL) AI Stock Analysis

• Market Cap: €227.36M
• Dividend Yield: N/A
• Average Volume (3M): 46.83K
• Price to Earnings (P/E): 36.5
• Beta (1Y): 0.48
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: ES
• Employees: 222
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): N/A
• Shares Outstanding: 95,953,640
• 10 Day Avg. Volume: 35,488
• 30 Day Avg. Volume: 46,830
• PEG Ratio: 0.37
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 31.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: €2.50 ▼(-1.96% Downside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is primarily driven by strong top-line growth but uneven financial quality (notably gross margin compression and weaker/volatile cash generation). Technicals are modestly positive but not strongly trending, while a high P/E and no dividend yield provided weigh on valuation support.

Positive Factors

Revenue Growth

Sustained, large top-line expansion demonstrates the company is scaling commercial reach across advertising and media operations. Durable revenue growth supports investment in content, sales capacity and technology, helping entrench market position and spread fixed costs over a larger base.

Improving Leverage

Measured reduction in leverage alongside asset growth improves financial flexibility and reduces refinancing risk. An improving balance-sheet mix enhances capacity to fund organic expansion or selective M&A, and supports long-term operational resilience during normal business cycles.

Free Cash Flow Turnaround

Turning free cash flow positive after multi-year volatility indicates improving cash generation discipline. Positive FCF enables self-funding of content and ad inventory investments, reduces reliance on external financing, and, if sustained, strengthens long-term cash returns to stakeholders.

Negative Factors

Gross Margin Compression

A severe decline in gross margin signals structural margin pressure from pricing, mix shift to lower-margin services, or rising content/distribution costs. Sustained margin erosion undermines operating leverage and makes durable profitability reliant on either higher-margin sales or structural cost reductions.

Weak Cash Conversion

Declining operating cash flow despite revenue growth indicates earnings are not reliably converting to cash, likely from working-capital or timing issues. Poor cash conversion constrains reinvestment, raises liquidity risk, and weakens resilience to downturns absent stronger cash generation.

Volatile Earnings & Returns

Inconsistent profitability and falling returns on equity reduce predictability of long-term performance. Volatility complicates capital allocation and investor confidence, suggesting the business still faces structural challenges translating scale into durable, repeatable returns.

Squirrel Media SA Business Overview & Revenue Model

Company Description

Squirrel Media, S.A. produces and distributes audiovisual contents in Spain and internationally. It primarily offers advertising, content, media communication, and technology services. The company was formerly known as Vértice Trescientos Sesenta Grados, S.A. The company was incorporated in 2006 and is based in Madrid, Spain.

How the Company Makes Money

Squirrel Media SA generates revenue through multiple streams, primarily from content licensing, advertising sales, and subscription services. The company licenses its original content to streaming platforms and broadcast networks, providing a stable income from content distribution deals. Additionally, SQRL partners with brands for product placements and sponsored content, which allows it to monetize its reach and audience engagement. Subscription services may also be a revenue stream if SQRL offers exclusive content directly to consumers. The company benefits from strategic partnerships with technology firms that enhance its production capabilities and expand its distribution channels, contributing to its overall earnings.

Squirrel Media SA Financial Statement Overview

Summary

Strong, accelerating revenue growth (2025 up ~79.7% vs 2024) is offset by sharp gross margin compression (~14.6% in 2024 to ~5.7% in 2025), volatile earnings versus 2023, and weaker cash conversion (operating cash flow down materially in 2025 and free cash flow only ~0.51x net income). Balance sheet leverage is moderate and improving (debt-to-equity ~0.61 in 2025 vs ~0.74 in 2024), but returns have been inconsistent.

Income Statement

Revenue growth is strong and accelerating, with 2025 up ~79.7% versus 2024, following steady expansion in prior years. Profitability, however, has weakened: gross margin compressed sharply (about 14.6% in 2024 to ~5.7% in 2025), although EBIT margin improved to ~6.2% and net margin edged up to ~2.5% in 2025. Net income recovered from 2024 but remains well below the 2023 level, pointing to more volatile earnings quality and cost pressures despite top-line momentum.

Balance Sheet

Leverage looks moderate and slightly improved, with debt-to-equity at ~0.61 in 2025 versus ~0.74 in 2024, supported by rising equity. Total assets have expanded materially over the period, consistent with the company scaling. The key weakness is returns: return on equity was strong in 2023 and 2021, but fell to a low level in 2024, suggesting profitability has not consistently kept pace with balance-sheet growth.

Cash Flow

Cash generation is mixed. Operating cash flow fell meaningfully in 2025 (to ~13.8M from ~27.1M in 2024), and free cash flow has been volatile—negative in multiple years (2024, 2022, 2021, 2020) before turning positive in 2025. In 2025, free cash flow covered only about half of net income (~0.51x), and the cash conversion signal embedded in the provided cash-flow coverage metric is low, indicating that reported profitability is not translating into cash as consistently as desired.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	243.52M	144.49M	129.64M	78.31M	69.70M
Gross Profit	13.99M	21.11M	23.93M	17.50M	9.71M
EBITDA	26.05M	14.11M	18.76M	11.35M	5.94M
Net Income	6.06M	2.88M	10.29M	3.54M	5.56M
Balance Sheet
Total Assets	259.12M	211.44M	173.56M	117.98M	64.28M
Cash, Cash Equivalents and Short-Term Investments	14.73M	10.77M	16.34M	15.80M	15.61M
Total Debt	43.28M	46.83M	41.94M	28.02M	15.79M
Total Liabilities	175.29M	135.38M	108.25M	69.98M	33.80M
Stockholders Equity	71.40M	63.69M	55.73M	43.00M	29.93M
Cash Flow
Free Cash Flow	6.99M	-10.87M	9.83M	-12.48M	-3.55M
Operating Cash Flow	13.84M	27.08M	31.01M	10.30M	8.19M
Investing Cash Flow	-2.42M	-42.59M	-27.88M	-33.31M	-13.10M
Financing Cash Flow	-8.65M	10.29M	7.01M	24.23M	1.39M

Squirrel Media SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:SQRL, the sentiment is Negative. The current price of 2.55 is above the 20-day moving average (MA) of 2.47, above the 50-day MA of 2.46, and above the 200-day MA of 2.34, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.73 is Neutral, neither overbought nor oversold. The STOCH value of 28.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:SQRL.

Squirrel Media SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IDR	68 Neutral	€10.80B	19.56	28.47%	0.52%	6.92%	57.04%
IZER	66 Neutral	€301.07M	26.62	6.51%	―	18.40%	18.62%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SQRL	60 Neutral	€227.36M	36.55	2.39%	―	―	―
DOM	58 Neutral	€449.95M	17.45	9.35%	2.48%	-6.21%	-46.67%

Squirrel Media SA Corporate Events

Squirrel Media Files Second-Half 2025 Financial Report With CNMV

Squirrel Media, S.A. has filed its second-half 2025 financial report with Spain’s securities regulator, the CNMV, covering the period ended December 31, 2025. The document includes the company’s summarized annual accounts and an interim management report prepared under applicable accounting principles.

The board members, including directors Pablo Pereiro Lage, Paula Maria Eliz Santos, Uriel Gonzalez – Montes Alvarez and Santiago Gimeno de Priede, formally state that the accounts give a true and fair view of Squirrel Media’s financial position and results. The half-year report was approved and signed by the company’s administrative body on February 23, 2026, underscoring regulatory compliance and transparency in its market disclosures.

The most recent analyst rating on (ES:SQRL) stock is a Hold with a EUR2.50 price target. To see the full list of analyst forecasts on Squirrel Media SA stock, see the ES:SQRL Stock Forecast page.