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Blackbird PLC
(LSE:BIRD)
Select Model
Select Model
Rating:42Neutral
Price Target:
1.50 p
▲(0.00% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by weak financial performance—declining revenue, persistent losses, and ongoing negative operating/free cash flow—only partly offset by a low-debt balance sheet. Technicals add downside pressure with the stock trading below key moving averages and a negative MACD, while valuation is constrained by negative earnings and no indicated dividend support.
Positive Factors
Recurring SaaS Revenue Model
Recurring software licensing can support predictable revenue and scalable delivery as customers adopt cloud workflows. This model also creates opportunities for retention, expansion and lower incremental servicing costs over time.
Negative Factors
Multi-Year Revenue Decline
Sustained top-line contraction indicates that customer demand, retention, pricing or execution has not yet produced durable expansion. Lower revenue also limits operating leverage and makes achieving breakeven more difficult for the small business.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Revenue Model
Recurring software licensing can support predictable revenue and scalable delivery as customers adopt cloud workflows. This model also creates opportunities for retention, expansion and lower incremental servicing costs over time.
Read all positive factors
Blackbird PLC (BIRD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.72M
Dividend YieldN/A
Average Volume (3M)783.50K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-13.88%
EPS Growth-3.28%
CountryUK
Employees29
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding480,271,500
10 Day Avg. Volume312,296
30 Day Avg. Volume783,503
Financial Highlights & Ratios
PEG Ratio-2.26
Price to Book (P/B)1.40
Price to Sales (P/S)6.99
P/FCF Ratio-6.69
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)N/A
Revenue Forecast (FY)N/A
Blackbird PLC Business Overview & Revenue Model
Company Description
Headquartered in London, UK, Blackbird plc, originally established in 1998 as Forbidden Technologies plc before its renaming in May 2019, offers a proprietary cloud-native platform called Blackbird. This advanced solution empowers users to view, e...
How the Company Makes Money
Blackbird plc generates revenue primarily by licensing its cloud video editing software to customers on a recurring basis. The company’s revenue model is centered on software subscriptions (typically sold as SaaS licenses) where customers pay recu...
Blackbird PLC Earnings Call Summary
Earnings Call Date:Sep 29, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 15, 2026
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with significant engagement growth and positive financial milestones, yet faced challenges with high churn and slow conversion to paid subscribers. The company is focused on aligning its strategies to improve these metrics.Positive Updates
Significant User Engagement Growth
Since launch, there has been an 81% increase in engagement, indicating a growing interest and interaction with the product.
Negative Updates
High Churn Rate
The company acknowledged churn as a focus area, with a need to improve retention through better features and alignment with the ICP.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant User Engagement Growth
Since launch, there has been an 81% increase in engagement, indicating a growing interest and interaction with the product.
Read all positive updates
Company Guidance
During the call, Blackbird plc provided comprehensive guidance, focusing on its current stage of product market fit, which is expected to continue into 2026 before transitioning into a scale-up phase. The company reported having 110,000 signed-up users for its product, Elevate, with nearly 700 converted into paid subscribers. Retention and engagement metrics showed 1,450 returning users in August and an 81% increase in user engagement since launch. Financially, the company highlighted a 21% improvement in cash management, reducing cash burn to GBP 1.5 million for the half-year and generating GBP 600,000 in revenue. Additionally, Blackbird plc achieved EBITDA positivity for the first time in H1 2025. A recent GBP 2.1 million fundraise was noted to support continued product development efforts. The company emphasized its unique position as a publicly traded entity in the UK, navigating a phase traditionally undertaken by private companies in the US, which presents both challenges and opportunities for substantial long-term returns.Blackbird PLC Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
67
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.38M | 1.61M | 1.94M | 2.85M | 2.07M |
| Gross Profit | 201.17K | 1.47M | 1.23M | 2.70M | 1.91M |
| EBITDA | -1.77M | -1.93M | -2.01M | -1.48M | -1.70M |
| Net Income | -2.61M | -2.35M | -2.49M | -1.92M | -2.13M |
Balance Sheet | |||||
| Total Assets | 7.72M | 8.44M | 9.90M | 12.53M | 14.72M |
| Cash, Cash Equivalents and Short-Term Investments | 2.72M | 3.77M | 6.47M | 10.10M | 12.84M |
| Total Debt | 0.00 | 0.00 | 29.23K | 123.57K | 213.05K |
| Total Liabilities | 783.66K | 897.20K | 1.11M | 1.33M | 1.78M |
| Stockholders Equity | 6.93M | 7.55M | 8.80M | 11.20M | 12.94M |
Cash Flow | |||||
| Free Cash Flow | -1.45M | -4.12M | -3.58M | -2.73M | -1.40M |
| Operating Cash Flow | -1.44M | -2.40M | -1.83M | -2.17M | -887.63K |
| Investing Cash Flow | -1.56M | 567.85K | 127.09K | -675.54K | -3.03M |
| Financing Cash Flow | 1.96M | 1.02M | -50.18K | -92.13K | 7.66M |
Blackbird PLC Technical Analysis
Negative
1.50
Price Trends
1.62
Negative
1.78
Negative
2.07
Negative
Market Momentum
-0.05
Positive
15.09
Positive
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BIRD, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 1.49, below the 50-day MA of 1.62, and below the 200-day MA of 2.07, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 15.09 is Positive, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BIRD.
Blackbird PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £10.41M | 5.74 | 24.87% | 7.38% | 0.70% | 37.35% | |
63 Neutral | £44.77M | -72.73 | -0.98% | 8.35% | 19.31% | 64.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | £37.97M | -4.99 | -21.57% | ― | 4.57% | -3.85% | |
45 Neutral | £3.81M | -0.72 | -330.89% | ― | -15.73% | 14.89% | |
42 Neutral | £6.72M | -2.22 | -40.32% | ― | -13.88% | -3.28% | |
40 Underperform | £14.26M | -5.25 | -35.56% | ― | -18.66% | 56.03% |
* Technology Sector Average
GB:BIRD
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Blackbird PLC Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Blackbird plc reports unchanged share option block amid stable issuance
Neutral
Jun 30, 2026
Blackbird plc, listed on AIM as BIRD, develops and licenses cloud-native video editing platforms and collaborative content creation tools for media, entertainment and corporate customers. Its flagship Blackbird suite and elevate.io service support...
Shareholder Meetings
Blackbird shareholders back all AGM resolutions, renew board authorities
Positive
Jun 10, 2026
Blackbird plc reported that all resolutions at its 2026 Annual General Meeting were approved, including the receipt of 2025 annual accounts, an advisory vote on directors’ remuneration and the reappointment of all named directors. Shareholde...
Business Operations and StrategyFinancial DisclosuresProduct-Related AnnouncementsShareholder Meetings
Blackbird Sharpens Elevate.io Strategy After Profitable Year for Core Video Platform
Positive
Jun 10, 2026
Blackbird plc used its Annual General Meeting to underline progress across both its core Blackbird division and its newer elevate.io platform, highlighting a profitable year for its legacy offering and significant functional upgrades for its cloud...
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.