Raspberry PI Holdings plc (GB:RPI)
LSE:RPI
Top Page
Raspberry PI Holdings plc
(LSE:RPI)
Select Model
Select Model
Rating:61Neutral
Price Target:
275.00 p
▼(-42.23% Downside)
Action:ReiteratedDate:01/07/26
The score is primarily supported by strong revenue growth and a solid balance sheet, but is held back by recent margin deterioration and negative free cash flow. Technicals are neutral-to-weak (below key longer-term moving averages with a negative MACD), and the high P/E without dividend support further pressures the overall rating.
Positive Factors
Consistent revenue growth
Sustained revenue growth indicates expanding product adoption across education, hobbyist and IoT markets. Over the medium term this supports scale economies, stronger distributor relationships and recurring demand that can fund R&D and product roadmap execution, bolstering durable competitiveness.
Negative Factors
Declining operating margins (EBIT/EBITDA)
Falling EBIT/EBITDA margins point to higher operating costs or diminishing operational efficiency. If persistent, this can erode operating leverage from revenue growth, limit reinvestment capacity, and pressure profitability metrics used to fund long-term initiatives and R&D investment decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained revenue growth indicates expanding product adoption across education, hobbyist and IoT markets. Over the medium term this supports scale economies, stronger distributor relationships and recurring demand that can fund R&D and product roadmap execution, bolstering durable competitiveness.
Read all positive factors
Raspberry PI Holdings plc (RPI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£921.81M
Dividend YieldN/A
Average Volume (3M)570.17K
Price to Earnings (P/E)114.7
Beta (1Y)2.56
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees134
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.06
Shares Outstanding193,656,860
10 Day Avg. Volume451,934
30 Day Avg. Volume570,173
Financial Highlights & Ratios
PEG Ratio-2.29
Price to Book (P/B)5.36
Price to Sales (P/S)4.35
P/FCF Ratio-42.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£300.00Price Target Upside-36.97% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.11
Revenue Forecast (FY)£358.00M
Raspberry PI Holdings plc Business Overview & Revenue Model
Company Description
Raspberry Pi Holdings plc designs and develops single board computers and compute modules worldwide. It offers computers and microcontrollers, cameras and displays, add-on boards, power supplies and cables, cases, and peripherals, as well as semic...
How the Company Makes Money
Raspberry PI Holdings generates revenue through several key streams. The primary source of income is the sale of Raspberry Pi hardware, including various models of microcomputers and accessories such as power supplies, cases, and additional compon...
Raspberry PI Holdings plc Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 241.97M | 259.50M | 213.83M | 152.51M | 102.22M | 73.07M |
| Gross Profit | 55.04M | 63.20M | 48.11M | 30.14M | 27.71M | 22.24M |
| EBITDA | 27.99M | 29.40M | 36.36M | 20.67M | 16.43M | 14.23M |
| Net Income | 16.23M | 9.16M | 25.42M | 13.86M | 10.80M | 12.57M |
Balance Sheet | ||||||
| Total Assets | 246.53M | 331.40M | 208.15M | 122.54M | 93.61M | 45.04M |
| Cash, Cash Equivalents and Short-Term Investments | 20.89M | 45.80M | 33.10M | 27.30M | 25.42M | 771.47K |
| Total Debt | 6.62M | 7.32M | 5.57M | 1.35M | 1.73M | 1.73M |
| Total Liabilities | 67.51M | 121.00M | 83.26M | 33.46M | 23.08M | 16.81M |
| Stockholders Equity | 179.03M | 210.40M | 124.89M | 89.08M | 70.52M | 28.24M |
Cash Flow | ||||||
| Free Cash Flow | 3.03M | -26.30M | 13.49M | 2.83M | -5.17M | 6.72M |
| Operating Cash Flow | 4.36M | -3.20M | 16.55M | 11.55M | 200.68K | 8.04M |
| Investing Cash Flow | -17.27M | -23.10M | -23.10M | -8.72M | -5.37M | -10.11M |
| Financing Cash Flow | -4.20M | 29.80M | 15.84M | -4.38M | 29.44M | -3.23M |
Raspberry PI Holdings plc Technical Analysis
Positive
476.00
Price Trends
328.33
Positive
318.90
Positive
366.35
Positive
Market Momentum
30.57
Negative
67.71
Neutral
87.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RPI, the sentiment is Positive. The current price of 476 is above the 20-day moving average (MA) of 339.61, above the 50-day MA of 328.33, and above the 200-day MA of 366.35, indicating a bullish trend. The MACD of 30.57 indicates Negative momentum. The RSI at 67.71 is Neutral, neither overbought nor oversold. The STOCH value of 87.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:RPI.
Raspberry PI Holdings plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £553.66M | 10.73 | 8.34% | 2.09% | 0.49% | 61.73% | |
73 Outperform | £108.97M | 20.87 | 23.66% | 2.00% | 8.19% | ― | |
70 Neutral | £72.16M | 12.03 | 9.07% | ― | 7.36% | 31.93% | |
68 Neutral | £90.77M | 8.13 | 3.91% | 1.56% | 8.75% | -54.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £921.81M | 114.73 | 4.88% | ― | ― | ― | |
54 Neutral | £210.88M | -4.02 | -31.21% | ― | -16.33% | -448.12% |
* Technology Sector Average
GB:RPI
Raspberry PI Holdings plc
476.00
59.80
14.37%
GB:QTX
Quartix Holdings
225.00
23.89
11.88%
GB:SDI
SDI Group
69.00
20.80
43.15%
GB:SOLI
Solid State
160.00
12.44
8.43%
GB:TTG
TT Electronics
118.40
35.20
42.31%
GB:DSCV
discoverIE Group plc
576.00
99.59
20.90%
Raspberry PI Holdings plc Corporate Events
Other
Raspberry Pi CEO Eben Upton Increases Shareholding with Fresh Market Purchase
Positive
Feb 4, 2026
Raspberry Pi Holdings plc announced that its Chief Executive Officer, Eben Upton, has increased his stake in the company through the purchase of 15,314 ordinary shares on the London Stock Exchange’s Main Market, at prices between 258 and 262...
Regulatory Filings and Compliance
Raspberry Pi Confirms Total Voting Rights and Share Capital as of 31 January 2026
Neutral
Feb 2, 2026
Raspberry Pi Holdings plc announced that as of 31 January 2026 its issued share capital comprises 193,656,861 ordinary shares, each carrying voting rights, with no shares held in treasury. This updated share count provides investors with the refer...
Business Operations and Strategy
Raspberry Pi CEO Eben Upton Increases Shareholding with Market Purchase
Positive
Jan 30, 2026
Raspberry Pi Holdings plc announced that Chief Executive Officer Eben Upton has increased his stake in the company through an on-market purchase of 7,341 ordinary shares on 29 January 2026 at a price of 271 pence per share, bringing his total shar...
Business Operations and StrategyRegulatory Filings and Compliance
Raspberry Pi Updates Market on Long-Term Incentive Plan Share Allotments
Neutral
Jan 30, 2026
Raspberry Pi Holdings plc has reported its latest six‑monthly block listing return for its Long Term Incentive Plan, showing that 241,146 shares were issued or allotted under the scheme between 30 July 2025 and 30 January 2026, leaving 13,33...
Business Operations and StrategyProduct-Related Announcements
Raspberry Pi Expands Edge AI Offering With Launch of AI HAT+ 2 for Generative Workloads
Positive
Jan 15, 2026
Raspberry Pi Holdings has launched the Raspberry Pi AI HAT+ 2, an add-on board for the Raspberry Pi 5 that significantly expands its on-device artificial intelligence capabilities. Built around the Hailo-10H neural network accelerator and equipped...
Other
Raspberry Pi CEO Eben Upton Increases Stake with Share Purchase
Positive
Jan 14, 2026
Raspberry Pi Holdings plc announced that its Chief Executive Officer, Eben Upton, has increased his stake in the company through the purchase of 21,927 ordinary shares on 13 January 2026 on the London Stock Exchange’s Main Market, at a price...
Business Operations and StrategyFinancial Disclosures
Raspberry Pi Beats 2025 Profit Expectations but Warns on DRAM-Driven Uncertainty for 2026
Positive
Jan 13, 2026
Raspberry Pi Holdings expects adjusted EBITDA for 2025 to be at least $45m, more than 20% higher than 2024 and ahead of market forecasts, on full-year shipments of 7.6 million units and strong second-half margins, leaving the group with $28m of ne...
Regulatory Filings and Compliance
Raspberry Pi Confirms Year-End Share Capital and Voting Rights
Neutral
Jan 8, 2026
Raspberry Pi Holdings plc has confirmed that as of 31 December 2025 its issued share capital comprised 193,582,149 ordinary shares of £0.0025 each, all carrying voting rights, with no shares held in treasury. This updated share count provides...
Regulatory Filings and Compliance
Raspberry Pi Confirms Year-End Share Capital and Voting Rights
Neutral
Jan 8, 2026
Raspberry Pi Holdings plc has confirmed that as of 31 December 2025 its issued share capital comprised 193,582,149 ordinary shares of £0.0025 each, all carrying voting rights, with no shares held in treasury. This updated share count provides...
Regulatory Filings and Compliance
Raspberry Pi Holdings Announces Total Voting Rights Update
Neutral
Dec 4, 2025
Raspberry Pi Holdings plc announced its total voting rights as of November 30, 2025, with an issued share capital consisting of 193,535,381 ordinary shares, each carrying voting rights. This information is crucial for shareholders to determine the...
Other
Raspberry Pi CEO Increases Shareholding, Signaling Confidence in Company’s Future
Positive
Dec 1, 2025
Raspberry Pi Holdings plc announced that its CEO, Eben Upton, has purchased additional shares in the company, increasing his total shareholding to 2,519,209. This transaction, conducted on the London Stock Exchange, underscores the CEO’s con...
Other
Raspberry Pi Director’s Share Transaction Reflects Internal Financial Moves
Neutral
Nov 25, 2025
Raspberry Pi Holdings plc announced a transaction involving David Gammon, an Independent Non-Executive Director, who sold and purchased 12,000 ordinary shares into his Self-Invested Personal Pension (SIPP). This transaction, conducted on the Londo...
Executive/Board ChangesFinancial Disclosures
Raspberry Pi Director’s Share Transaction Update
Neutral
Nov 25, 2025
Raspberry Pi Holdings plc announced a transaction involving David Gammon, an Independent Non-Executive Director, who sold and purchased 12,000 ordinary shares into his SIPP. This transaction, conducted on the London Stock Exchange, reflects intern...
Regulatory Filings and Compliance
Raspberry Pi Updates CEO Share Purchase Details
Neutral
Nov 20, 2025
Raspberry Pi Holdings plc announced a correction to a previous share purchase notification involving CEO Eben Upton. The corrected figures show Upton purchased 6,036 shares, resulting in a total holding of 2,513,004 shares. This update does not af...
Business Operations and Strategy
Raspberry Pi CEO Increases Shareholding, Signaling Confidence in Company’s Future
Positive
Nov 19, 2025
Raspberry Pi Holdings plc announced that its CEO, Eben Upton, has purchased additional ordinary shares in the company, increasing his shareholding to 2,519,040 shares. This transaction reflects confidence in the company’s future prospects an...
Other
Raspberry Pi CEO Increases Stake with Share Purchase
Positive
Nov 6, 2025
Raspberry Pi Holdings plc announced that its CEO, Eben Upton, has purchased 5,832 ordinary shares of the company, increasing his total shareholding to 2,506,968 shares. This transaction, conducted on the London Stock Exchange, signifies confidence...
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.