BOKU (BOKU) AI Stock Analysis

• Market Cap: £676.72M
• Dividend Yield: N/A
• Average Volume (3M): 719.71K
• Price to Earnings (P/E): 65.9
• Beta (1Y): 0.54
• Revenue Growth: 22.19%
• EPS Growth: 78.35%
• Country: UK
• Employees: 450
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.02
• Shares Outstanding: 296,807,040
• 10 Day Avg. Volume: 806,811
• 30 Day Avg. Volume: 719,710
• PEG Ratio: -2.87
• Price to Book (P/B): 4.97
• Price to Sales (P/S): 6.89
• P/FCF Ratio: 19.84
• 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: £311.20
• Price Target Upside: 55.60% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: 220.00p ▲(10.00% Upside)

BOKU's overall stock score reflects its strong financial performance and positive corporate events, which are offset by bearish technical indicators and a high P/E ratio. The company's robust revenue growth and strategic initiatives position it well for future growth, but current market sentiment and valuation concerns present risks.

Positive Factors

Revenue Growth

BOKU's strong revenue growth indicates successful market penetration and increased adoption of its mobile payment solutions, supporting long-term business expansion.

Cash Flow Performance

Solid cash flow performance ensures BOKU can sustain operations and invest in growth opportunities, enhancing financial stability and strategic flexibility.

Gross Profit Margin

BOKU's high gross profit margin reflects efficient cost management, enabling the company to maintain profitability and competitive pricing in the fintech sector.

Negative Factors

Net Profit Margin Decline

The decline in net profit margin suggests rising operational costs or inefficiencies, which could impact BOKU's ability to generate profits and reinvest in business growth.

Return on Equity Fluctuations

Fluctuating ROE indicates potential inefficiencies in generating shareholder returns, which may affect investor confidence and long-term financial performance.

Free Cash Flow Decline

A decline in free cash flow suggests increased capital expenditures or cash outflows, which could constrain BOKU's ability to fund new projects or manage financial obligations.

BOKU Business Overview & Revenue Model

Company Description

Boku, Inc. provides mobile billing and payment solutions for mobile network operators and merchants. Its solutions enable consumers to make online payments using their mobile devices. The company offers digital payments solutions, including mobile wallets, real-time payments schemes, and direct carrier billing for merchants. It also provides mobile identity and authentication solutions. The company connects its customers with mobile network operators billing, identity, and sales systems. It operates in the United states, Europe, and internationally. The company was incorporated in 2008 and is headquartered in San Francisco, California.

How the Company Makes Money

BOKU generates revenue primarily through transaction fees charged to merchants for processing payments via its platform. When a customer makes a purchase using BOKU's services, the company takes a percentage of the transaction value as its fee. Additionally, BOKU earns money from subscription fees for its fraud management and user authentication solutions, which help businesses minimize risk and enhance payment security. The company also benefits from partnerships with mobile carriers and digital platforms, allowing it to expand its reach and customer base, thereby driving further revenue growth.

BOKU Financial Statement Overview

Summary

BOKU shows strong financial performance with robust revenue growth and efficient margin management. The balance sheet is stable with low leverage and growing equity, although fluctuations in ROE and recent profitability declines pose some risks. Cash flows are healthy, supporting ongoing operations and potential investments.

Income Statement

BOKU has demonstrated strong revenue growth over the last few years, with Total Revenue increasing from $50.1M in 2019 to $99.3M in 2024. The Gross Profit Margin is robust, consistently above 90% from 2021 onward, indicating efficient cost management. However, the Net Profit Margin declined from 12.2% in 2023 to 3.8% in 2024, suggesting increased operational expenses or other costs impacting net income. Despite this, the steady increase in EBIT and EBITDA margins over time highlights improved operational efficiency.

Balance Sheet

The company's Balance Sheet shows financial stability with a relatively low Debt-to-Equity Ratio, decreasing over the years, indicating a low level of financial leverage. Stockholders' Equity has grown consistently, supporting a strong Equity Ratio of around 33.9% in 2024. However, the Return on Equity has fluctuated, with a notable decline in recent years, reflecting potential inefficiencies in generating returns for shareholders.

Cash Flow

BOKU's cash flow performance is solid, with consistently positive Operating Cash Flow and Free Cash Flow over the years. The Free Cash Flow to Net Income Ratio is favorable, highlighting effective cash generation relative to reported profits. A slight decline in Free Cash Flow in 2024 compared to 2023 suggests increased capital expenditures or other cash outflows, which should be monitored.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	92.26M	99.27M	82.72M	63.76M	69.17M	56.40M
Gross Profit	81.86M	96.85M	80.67M	61.99M	63.43M	27.13M
EBITDA	15.81M	14.31M	19.21M	14.94M	18.15M	-10.74M
Net Income	―	3.78M	10.09M	4.30M	6.27M	-18.79M
Balance Sheet
Total Assets	368.00M	406.33M	376.81M	277.88M	216.89M	225.05M
Cash, Cash Equivalents and Short-Term Investments	123.72M	142.31M	117.36M	105.15M	56.65M	61.29M
Total Debt	3.54M	2.65M	3.05M	3.55M	12.65M	15.43M
Total Liabilities	229.57M	268.59M	243.28M	166.43M	134.44M	153.30M
Stockholders Equity	138.43M	137.74M	133.53M	111.44M	82.45M	71.75M
Cash Flow
Free Cash Flow	39.93M	34.47M	34.73M	44.32M	6.08M	27.85M
Operating Cash Flow	43.29M	42.01M	40.60M	49.65M	11.92M	31.26M
Investing Cash Flow	―	-3.91M	1.62M	21.41M	-5.81M	-40.47M
Financing Cash Flow	1.09M	-8.99M	-8.79M	-11.43M	-5.79M	34.42M

BOKU Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 200.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOKU, the sentiment is Negative. The current price of 200 is below the 20-day moving average (MA) of 210.10, below the 50-day MA of 226.25, and below the 200-day MA of 200.64, indicating a bearish trend. The MACD of -7.06 indicates Positive momentum. The RSI at 29.14 is Positive, neither overbought nor oversold. The STOCH value of 4.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BOKU.

BOKU Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNX	77 Outperform	£181.83M	16.31	104.98%	6.41%	-4.35%	5.34%
BKS	74 Outperform	£173.54M	58.16	7.35%	―	26.09%	32.43%
BOKU	70 Outperform	£676.72M	65.90	9.64%	―	22.19%	78.35%
BGO	69 Neutral	£76.98M	-37.74	-10.50%	―	6.40%	70.78%
PAY	65 Neutral	£423.95M	23.12	16.31%	20.96%	1.58%	-57.55%
EWG	63 Neutral	£650.88M	71.21	3.98%	―	-0.85%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

BOKU Corporate Events

Boku Announces Total Voting Rights and Share Capital Update

Boku, Inc. announced that as of November 28, 2025, the total number of its common shares in issue is 303,388,999, with 6,507,891 shares held in Treasury. This results in a total of 296,881,108 voting rights. This information is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

Boku Announces Total Voting Rights and Share Capital Update

Boku, Inc. announced its total voting rights and share capital as of September 30, 2025, with 303,378,582 common shares issued and 296,870,691 voting rights available. This information is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s rules, impacting their interest calculations in the company.

Boku Inc. Announces Stock Sale by Key Executive’s Associate

Boku, Inc. announced that Carolina Stannard, associated with Mark Stannard, Chief Business Officer, sold 289,445 shares of the company’s common stock for personal reasons. Following this transaction, Mark Stannard holds a beneficial interest in 100,000 shares, representing 0.1% of the company’s issued share capital. This transaction may have implications for stakeholders as it reflects changes in stock ownership by key personnel.

Boku Inc. Updates on Share Vesting and Voting Rights

Boku Inc. announced the transfer of 39,748 common shares from treasury to satisfy the vesting of restricted stock units. Following this, the company’s total issued share capital consists of 303,332,988 common shares, with 296,807,037 voting rights available. This update is significant for shareholders as it affects the calculation of their interests under the Financial Conduct Authority’s rules.

Boku Inc. Outlines Growth Strategy at Capital Markets Event

Boku Inc. is hosting a Capital Markets Event in London to discuss its strategy and growth opportunities in the local payment methods (LPMs) sector. With LPMs surpassing traditional card payments in global eCommerce transactions, Boku aims to expand its merchant base and enhance its payment infrastructure. The company expects to achieve over 20% organic revenue growth and maintain an EBITDA margin above 30% in the medium term, supported by operational efficiencies.

Boku Announces Total Voting Rights and Share Capital Update

Boku, Inc. announced that as of 30 September 2025, the total number of its common shares in issue is 303,299,988, with 6,571,113 shares held in Treasury. This results in a total of 296,728,875 voting rights, which shareholders can use as a denominator for calculating their interest in the company. This announcement aligns with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, providing clarity for stakeholders regarding their shareholding calculations.

Boku Inc. Reports Strong Growth in H1 2025, Expands Global Reach

Boku Inc. reported strong interim results for the first half of 2025, with a 34% increase in total revenue to $63.3 million and a 53% rise in adjusted EBITDA. The company continues to expand its reach by enabling global tech giants to access new markets and consumers, evidenced by a 20% increase in monthly active users and a 28% rise in total payment volume. Boku’s strategic focus on product innovation and operational efficiencies supports its sustainable growth, positioning it as a key player in the shift towards localized payment methods.

Boku Inc. to Announce Interim Results and Host Investor Webinar

Boku Inc. announced it will release its interim results for the first half of 2025 on September 30, 2025. The company will host an analyst briefing and an investor webinar on the same day, allowing stakeholders to engage with management and ask questions about the company’s performance and future prospects.