BOKU Inc (GB:BOKU)
LSE:BOKU
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BOKU
(LSE:BOKU)
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Rating:68Neutral
Price Target:
193.00 p
â–²(14.88% Upside)
Action:DowngradedDate:03/19/26
The score is primarily supported by strong financial performance (re-accelerating growth, strong cash flow, and low leverage). Offsetting this are weak technical trends (trading below major moving averages with negative MACD) and a high P/E valuation that increases execution risk.
Positive Factors
Re-accelerating Revenue Growth
Revenue re-acceleration to ~30.5% in 2025 reflects durable demand for Boku’s payments platform and expanding merchant adoption. Sustained high growth supports scale benefits, improves unit economics over time, and provides a structural tailwind for reinvestment and margin improvement.
Negative Factors
Pronounced Margin Volatility
A very large year‑to‑year gross margin swing signals inconsistent unit economics or one‑off adjustments, reducing predictability of sustained profitability. Persistent volatility complicates budgeting, pricing negotiations, and long‑term margin guidance, elevating execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating Revenue Growth
Revenue re-acceleration to ~30.5% in 2025 reflects durable demand for Boku’s payments platform and expanding merchant adoption. Sustained high growth supports scale benefits, improves unit economics over time, and provides a structural tailwind for reinvestment and margin improvement.
Read all positive factors
BOKU (BOKU) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£499.41M
Dividend YieldN/A
Average Volume (3M)719.71K
Price to Earnings (P/E)66.9
Beta (1Y)0.58
Revenue Growth22.19%
EPS Growth78.35%
CountryUK
Employees450
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.03
Shares Outstanding297,264,980
10 Day Avg. Volume806,811
30 Day Avg. Volume719,710
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)5.47
Price to Sales (P/S)6.37
P/FCF Ratio10.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£311.67Price Target Upside85.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.11
Revenue Forecast (FY)£154.59M
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...
How the Company Makes Money
Boku makes money by charging fees for processing payments through the alternative payment methods it enables for merchants.
Key revenue streams:
- Direct Carrier Billing (DCB) processing fees: Boku connects merchants (e.g., digital content provid...
BOKU Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
90
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 131.52M | 99.27M | 82.72M | 63.76M | 69.17M |
| Gross Profit | 45.82M | 96.85M | 80.67M | 61.99M | 63.43M |
| EBITDA | 31.45M | 14.31M | 19.21M | 14.94M | 18.15M |
| Net Income | 12.53M | 3.78M | 10.09M | 4.30M | 6.27M |
Balance Sheet | |||||
| Total Assets | 501.18M | 406.33M | 376.81M | 277.88M | 216.89M |
| Cash, Cash Equivalents and Short-Term Investments | 245.67M | 142.31M | 117.36M | 105.15M | 56.65M |
| Total Debt | 5.44M | 2.65M | 3.05M | 3.55M | 12.65M |
| Total Liabilities | 347.92M | 268.59M | 243.28M | 166.43M | 134.44M |
| Stockholders Equity | 153.26M | 137.74M | 133.53M | 111.44M | 82.45M |
Cash Flow | |||||
| Free Cash Flow | 83.76M | 34.47M | 34.73M | 44.32M | 6.08M |
| Operating Cash Flow | 84.32M | 42.01M | 40.60M | 49.65M | 11.92M |
| Investing Cash Flow | -7.67M | -3.91M | 1.62M | 21.41M | -5.81M |
| Financing Cash Flow | -13.84M | -8.99M | -8.79M | -11.43M | -5.79M |
BOKU Technical Analysis
Negative
168.00
Price Trends
189.65
Negative
201.71
Negative
212.66
Negative
Market Momentum
-6.35
Negative
41.16
Neutral
55.56
Neutral
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 168 is below the 20-day moving average (MA) of 169.38, below the 50-day MA of 189.65, and below the 200-day MA of 212.66, indicating a bearish trend. The MACD of -6.35 indicates Negative momentum. The RSI at 41.16 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BOKU.
BOKU Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £155.07M | 6.83 | 104.64% | 7.02% | -4.35% | 5.34% | |
69 Neutral | £46.23M | -5.27 | -10.96% | ― | 6.40% | 70.78% | |
68 Neutral | £499.41M | 66.92 | 9.64% | ― | 22.19% | 78.35% | |
64 Neutral | £353.12M | 8.32 | 17.25% | 20.30% | 1.58% | -57.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £754.75M | 413.34 | 3.98% | ― | -0.85% | ― | |
56 Neutral | £35.14M | -11.38 | 31.19% | ― | 25.15% | ― |
* Technology Sector Average
GB:BOKU
BOKU
163.00
11.00
7.24%
GB:BGO
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60.00
-14.50
-19.46%
GB:PAY
Paypoint
588.00
7.48
1.29%
GB:PCIP
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10.11%
GB:FNX
Fonix Mobile PLC
156.50
-31.60
-16.80%
GB:EWG
WAG Payment Solutions Plc
112.00
51.54
85.23%
BOKU Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Boku taps treasury shares for RSU vesting, updates voting rights
Neutral
Mar 19, 2026
Boku Inc., the AIM‑listed global local payments network, has utilised 4,442,003 treasury shares to satisfy the vesting of performance and standard restricted stock units awarded to employees, including senior executives. The move reflects on...
Business Operations and StrategyStock Buyback
Boku launches share buyback as board signals belief in undervalued stock
Positive
Mar 17, 2026
Boku Inc., listed on London’s AIM market, runs a global network for local payment methods, giving merchants unified access to carrier billing, digital wallets and real-time bank payment schemes. Serving some of the world’s largest tech...
Executive/Board Changes
Boku announces board change as former CEO Jon Prideaux to retire as non-executive director
Neutral
Mar 17, 2026
Boku, the London-headquartered provider of a global local payment methods network, enables major technology, media and entertainment merchants to connect to hundreds of alternative payment options via one integration. Its services span direct carr...
Business Operations and StrategyStock BuybackFinancial Disclosures
Boku posts strong 2025 growth as wallets and bundling reshape revenue mix
Positive
Mar 17, 2026
Boku reported another year of scale-driven, profitable expansion in 2025, as total revenue rose 30% to $128.8 million and adjusted EBITDA increased 36% to $41.3 million, lifting the margin to 32.1%. Growth was fuelled by a sharp shift toward digit...
Business Operations and StrategyFinancial Disclosures
Boku Sets Date to Publish 2025 Results and Engage Investors
Neutral
Mar 6, 2026
Boku Inc., the AIM‑listed operator of a global network for local payment methods used by major technology, media and entertainment platforms, connects merchants to more than 7 billion consumer payment accounts via direct carrier billing, dig...
Regulatory Filings and Compliance
Boku Updates Share Capital and Voting Rights Totals
Neutral
Feb 27, 2026
Boku Inc., the London-based AIM-listed digital payments specialist, operates a global network of local payment methods that enables merchants to access direct carrier billing, digital wallets and real-time account-to-account schemes via a single i...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Boku Completes £8.7m Share Buyback, Tightening Free Float and Voting Rights
Positive
Feb 11, 2026
Boku Inc., the AIM-listed mobile payments specialist, has completed a share buyback programme that saw the company repurchase 161,676 shares on 10 February 2026 at a volume-weighted average price of 207.79 pence, with all shares to be held in trea...
Stock BuybackRegulatory Filings and Compliance
Boku tightens free float with 45,000-share buyback into treasury
Positive
Feb 10, 2026
Boku has executed a share buyback transaction, repurchasing 45,000 common shares at 213.50 pence each via Investec Bank and placing them into treasury. The move modestly reduces the company’s free float and may signal management’s conf...
Stock BuybackRegulatory Filings and Compliance
Boku Tightens Free Float with Treasury Share Buyback on AIM
Positive
Feb 4, 2026
Boku Inc., the AIM-listed mobile payments specialist, has carried out a share buyback of 75,000 common shares at a price of 222.5 pence per share via Investec Bank and will hold the repurchased stock in treasury. Following this transaction, Boku&#...
Regulatory Filings and Compliance
Boku Corrects Total Voting Rights to 293.4 Million Shares
Neutral
Feb 3, 2026
Boku Inc. has updated its disclosure on total voting rights and share capital, correcting the aggregate voting rights figure to 293,396,368 following an earlier announcement. As at 31 January 2026, the company has 303,622,583 common shares in issu...
Regulatory Filings and Compliance
Boku Updates Total Voting Rights Following Treasury Share Position
Neutral
Feb 2, 2026
Boku, Inc. has confirmed that as of 31 January 2026 it has 303,622,583 common shares in issue, of which 10,226,215 are held in treasury, leaving 293,596,368 shares carrying voting rights. This updated voting rights figure provides the new denomina...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 200,000 Shares, Sets New Voting Rights Total
Neutral
Jan 30, 2026
Boku Inc., the London-headquartered mobile payments specialist listed on AIM, has repurchased 200,000 of its own common shares at 207 pence per share via Investec Bank and plans to hold them in treasury. Following this transaction, Boku’s is...
Business Operations and StrategyStock Buyback
Boku Tightens Equity Base with Treasury Share Buyback
Positive
Jan 29, 2026
Boku Inc. has repurchased 300,000 of its common shares on 28 January 2026 via Investec Bank at a volume-weighted average price of 211.33 pence per share, with the shares to be held in treasury. Following this transaction, Boku’s issued share...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 265,000 Shares, Sets New Voting Rights Total
Neutral
Jan 28, 2026
Boku Inc., the AIM-listed mobile payments specialist, has executed a share buyback transaction, repurchasing 265,000 common shares at 213 pence each via Investec Bank and placing them into treasury. Following this operation, Boku’s issued sh...
Other
Boku Director Jon Prideaux Sells 1 Million Shares in Portfolio Rebalancing
Neutral
Jan 27, 2026
Boku Inc. has disclosed that non-executive director and Person Discharging Managerial Responsibility Jon Prideaux has sold a total of 1,000,000 common shares in the company between 22 and 27 January 2026 as part of a personal asset-portfolio rebal...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Boku Buys Back 450,000 Shares for Treasury, Sets New Voting Rights Base
Neutral
Jan 27, 2026
Boku Inc. has repurchased 450,000 of its own common shares at a price of 216 pence per share via Investec Bank and intends to hold these shares in treasury, as part of its ongoing capital management strategy. Following this transaction, Boku’...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 450,000 Shares, Reducing Free-Float Voting Rights
Positive
Jan 26, 2026
Boku Inc. has executed a share buyback transaction, repurchasing 450,000 common shares on 23 January 2026 via Investec Bank at a volume-weighted average price of 220.56 pence per share, with prices ranging between 217.00 and 223.00 pence. The shar...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 440,000 Shares, Updates Voting Rights Total
Neutral
Jan 23, 2026
Boku Inc., the AIM-listed mobile payments specialist, has repurchased 440,000 of its own common shares on 22 January 2026 via Investec Bank at a volume-weighted average price of 227.1932 pence per share, with the shares to be held in treasury. Fol...
Business Operations and StrategyStock BuybackFinancial Disclosures
Boku Beats Expectations as Diversified Payments Drive Double-Digit Growth
Positive
Jan 22, 2026
Boku reported unaudited 2025 results ahead of market expectations, with revenue rising about 29% to roughly $128.5m and adjusted EBITDA up around 31% to $41m, maintaining a margin of about 32%. Growth was driven by a more diversified mix of paymen...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 100,000 Shares for Treasury, Updates Voting Rights Count
Neutral
Jan 21, 2026
Boku Inc. has repurchased 100,000 of its own common shares at 220 pence each via Investec Bank and will hold the stock in treasury, in a move that marginally reduces free float while maintaining balance-sheet flexibility. Following the buyback, Bo...
Business Operations and StrategyRegulatory Filings and Compliance
Boku Updates Market on Share Allotments Under Equity and Warrant Schemes
Neutral
Jan 21, 2026
Boku Inc. has issued its latest six-monthly block listing update, detailing movements under its 2009 and 2017 Equity Incentive Plans and its 2022 Warrants Plan for the period from 18 July 2025 to 20 January 2026. During the period, the company all...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 100,000 Shares for Treasury, Adjusts Voting Rights Base
Neutral
Jan 20, 2026
Boku Inc., the AIM-listed mobile payments specialist, has repurchased 100,000 of its own common shares at 220 pence each via Investec Bank and will hold the stock in treasury. Following this transaction, Boku’s issued share capital stands at...
Business Operations and StrategyStock Buyback
Boku Buys Back 75,000 Shares, Reducing Free-Float Voting Rights
Positive
Jan 19, 2026
Boku Inc., the London-headquartered mobile payments specialist listed on AIM, has executed a share buyback transaction, repurchasing 75,000 of its common shares at a price of 225.50 pence per share via Investec Bank and holding the stock in treasu...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 100,000 Shares, Sets New Voting Rights Total
Positive
Jan 16, 2026
Boku Inc. has executed a share buyback transaction, repurchasing 100,000 of its common shares at 225 pence each through Investec Bank and intends to hold these shares in treasury, a move that can support capital management objectives and potential...
Stock BuybackRegulatory Filings and Compliance
Boku Tightens Share Base With Treasury Buyback on AIM
Neutral
Jan 13, 2026
Boku Inc., the AIM-quoted mobile payments specialist, has repurchased 148,324 of its own common shares at 220 pence each via Investec Bank and intends to hold the stock in treasury. Following the transaction, Boku’s issued share capital stan...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Boku Buys Back 250,000 Shares for Treasury, Reducing Voting Share Count
Positive
Jan 12, 2026
Boku Inc., the AIM-quoted mobile payments specialist, has repurchased 250,000 of its own common shares at 220 pence each via Investec Bank and will hold the stock in treasury. Following this transaction, Boku’s issued share capital stands at...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 100,000 Shares, Sets New Voting Rights Total
Neutral
Jan 9, 2026
Boku Inc., the AIM-listed mobile payments specialist, has repurchased 100,000 of its own common shares at 217 pence each via Investec Bank and will hold the stock in treasury. Following this buyback, Boku’s issued share capital stands at 303...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 365,000 Shares, Sets New Voting Rights Total
Neutral
Jan 8, 2026
Boku Inc., the London-headquartered mobile payments specialist listed on AIM, has executed a share buyback of 365,000 common shares on 7 January 2026 via Investec Bank at a volume-weighted average price of 217.629 pence, with the shares to be held...
Business Operations and StrategyStock Buyback
Boku Buys Back 150,000 Shares, Reducing Free-Float Voting Capital
Positive
Jan 7, 2026
Boku Inc., the London-headquartered mobile payments specialist, has continued to execute its share buyback programme with the purchase of 150,000 common shares at 219 pence each on 6 January 2026 through Investec Bank, with the shares to be held i...
Stock BuybackRegulatory Filings and Compliance
Boku Buys Back 30,000 Shares for Treasury, Updates Voting Rights Count
Positive
Jan 6, 2026
Boku has repurchased 30,000 of its own common shares at 219 pence each via Investec Bank and will hold the stock in treasury, a move that marginally reduces its free float and can be interpreted as a sign of confidence in the company’s valua...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Boku Buys Back 95,000 Shares, Trims Voting Rights to 296.9 Million
Positive
Jan 5, 2026
Boku Inc. has repurchased 95,000 of its own common shares at a price of 220 pence per share through Investec Bank and intends to hold these shares in treasury, as part of its ongoing capital management activities. Following this transaction, Boku&...
Business Operations and StrategyStock Buyback
Boku Launches Up to 5% Share Buyback to Capitalise on Undervalued Stock
Positive
Jan 2, 2026
Boku has launched a share buyback programme authorising the repurchase of up to 4 million common shares, equivalent to around 5% of its issued share capital at any one time, with all repurchased stock to be held in treasury. The board argues that ...
Regulatory Filings and Compliance
Boku Confirms Updated Share Capital and Voting Rights Total
Neutral
Dec 31, 2025
Boku Inc. has reported that, as of 31 December 2025, it has 303,483,999 common shares in issue, of which 6,507,891 are held in treasury, leaving 296,976,108 shares carrying voting rights. The company confirmed that this voting-rights figure is the...
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.