Seraphim Space Investment Trust Plc (SSIT) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.36M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.59
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 237,198,580
• 10 Day Avg. Volume: 1,047,316
• 30 Day Avg. Volume: 1,364,838
• PEG Ratio: <0.01
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 74.37
• P/FCF Ratio: 0.00
• 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: 59 Neutral
• Price Target: 164.00p ▲(45.78% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is primarily held back by weak financial quality—persistent negative operating cash flow and volatile, valuation-driven results—despite a conservatively positioned, debt-free balance sheet. Technicals are supportive with a strong uptrend and positive momentum, but indicators show the stock is becoming stretched. Valuation impact is limited due to missing P/E and dividend yield data.

Positive Factors

Balance Sheet Strength

Zero debt and a sizeable equity base provide durable financial flexibility for an investment trust. Low leverage reduces insolvency risk, allows the manager to withstand downturns, and enables opportunistic follow-on investments or support for portfolio companies without immediate fundraising.

Sector-Focused Investment Model

A dedicated SpaceTech mandate offers persistent exposure to secular growth drivers (satellites, launch, Earth observation, data services). The trust structure gives access to private and public opportunities across the sector, providing diversified upside as the industry matures and commercializes over multiple years.

Capacity for Valuation Upside

The trust’s holdings can generate material valuation uplifts and NAV gains in favorable markets, as evidenced by strong reported returns in 2025. This demonstrates the portfolio can deliver outsized capital appreciation through successful rounds, listings, or exits—an enduring element of venture-style investment trusts.

Negative Factors

Weak Cash Generation

Persistent negative operating cash flow and limited free cash flow reduce the trust’s self-funding ability and increase reliance on external liquidity events. Over time this constrains operational flexibility, creates funding risk for fees or follow-on investments, and raises concerns about earnings convertibility to cash.

Earnings Quality & Volatility

Profitability driven by mark-to-market and valuation changes leads to large NAV swings and unpredictable results. This reduces the reliability of reported earnings as an indicator of long-term performance and makes returns contingent on market sentiment and exit timing rather than stable operating cash generation.

Deteriorating Operating Economics

Sharply lower revenue and a negative gross profit in 2025 indicate weakening fee or operating economics. Reduced recurring income heightens dependence on capital events for returns, undermines margin sustainability, and increases long-term risk if operating income cannot be rebuilt or diversified.

Seraphim Space Investment Trust Plc Business Overview & Revenue Model

Company Description

Seraphim Space Investment Trust Plc specializes in incubation, mid venture, late venture, later stage, PIPEs, and industry consolidation. It seeks to invest in space technology. The fund invests between $0.25 million to $25 million. Seraphim Space Investment Trust Plc was founded in 2021 and is headquartered in London, Greater London, United Kingdom.

How the Company Makes Money

Seraphim Space Investment Trust Plc makes money primarily through capital appreciation of its investment portfolio. The trust invests in a range of space technology companies, including those involved in satellite communications, space exploration, and other related sectors. Revenue is generated as the value of these investments increases over time, particularly when portfolio companies achieve significant milestones, secure additional funding rounds, or reach successful exits through acquisitions or public offerings. Additionally, SSIT may earn dividends or interest from its investments, although the primary focus remains on long-term capital gains. The trust benefits from its strategic partnerships with leading space industry stakeholders and its experienced management team, which enhances its ability to identify high-potential investment opportunities and drive value creation.

Seraphim Space Investment Trust Plc Financial Statement Overview

Summary

Balance sheet strength (no debt and large equity base) supports resilience, but financial quality is weakened by consistently negative operating cash flow and highly volatile, valuation-driven earnings. Revenue and gross profit deterioration in 2025 further reduce confidence in operating stability.

Income Statement

Results are highly volatile. Revenue fell sharply in 2025 (annual) to 2.73m from 8.21m in 2024, and gross profit turned negative, indicating weaker underlying fee/operating economics. Offsetting this, reported profitability surged in 2025 with EBIT of 52.1m and net income of 53.0m (versus 6.7m in 2024), while 2023 was loss-making—suggesting earnings are driven by investment/fair-value movements rather than stable operating revenue. Overall, profitability can be strong in up years, but predictability and quality of earnings look weak.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across all periods and a large equity base (281.1m in 2025 vs 228.1m in 2024). Total assets track closely to equity, implying limited leverage risk. Returns on equity swing materially (about 18.8% in 2025 after ~2.9% in 2024 and negative in 2023), reinforcing that performance is driven by valuation outcomes; however, low leverage provides resilience through down cycles.

Cash Flow

Cash generation is consistently weak: operating cash flow is negative in every year shown (roughly -3.5m to -4.1m). Free cash flow is negative in 2022–2024 and sits at 0 in 2025, indicating limited self-funding capacity despite strong reported profits in 2025. The gap between net income and cash flow suggests earnings are not translating into cash, which raises quality-of-earnings and liquidity-management concerns.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2022
Income Statement
Total Revenue	-1.42M	2.73M	8.21M	-1.96M	5.00M
Gross Profit	-4.54M	-450.00K	5.09M	-5.09M	2.04M
EBITDA	6.15M	52.09M	6.15M	-17.18M	3.29M
Net Income	6.73M	52.98M	6.73M	-16.92M	3.37M
Balance Sheet
Total Assets	228.58M	281.43M	228.58M	222.82M	243.85M
Cash, Cash Equivalents and Short-Term Investments	26.98M	21.51M	26.98M	35.31M	57.65M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	444.00K	311.00K	444.00K	428.00K	4.54M
Stockholders Equity	228.14M	281.12M	228.14M	222.40M	239.32M
Cash Flow
Free Cash Flow	-3.79M	0.00	-3.79M	-4.12M	-4.10M
Operating Cash Flow	-3.79M	-3.54M	-3.79M	-4.12M	-4.10M
Investing Cash Flow	-3.62M	-1.74M	-3.62M	-17.99M	-84.81M
Financing Cash Flow	-987.00K	0.00	-987.00K	237.00K	146.56M

Seraphim Space Investment Trust Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 112.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SSIT, the sentiment is Positive. The current price of 112.5 is below the 20-day moving average (MA) of 143.93, below the 50-day MA of 134.64, and above the 200-day MA of 92.64, indicating a bullish trend. The MACD of 6.30 indicates Positive momentum. The RSI at 56.80 is Neutral, neither overbought nor oversold. The STOCH value of 59.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SSIT.

Seraphim Space Investment Trust Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICGT	66 Neutral	£899.83M	14.50	5.19%	2.47%	66.53%	100.92%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GROW	63 Neutral	£781.58M	7.28	8.92%	―	11.00%	―
SSIT	59 Neutral	―	―	―	―	―	―
IPO	50 Neutral	£466.45M	-3.67	-14.23%	―	―	33.10%
PNIX	48 Neutral	£10.29M	-25.00	-1.72%	―	―	―

Seraphim Space Investment Trust Plc Corporate Events

Seraphim Space Trust lifts portfolio valuations on major contract wins and funding rounds

Seraphim Space Investment Trust reported sharp valuation gains across its four largest SpaceTech holdings as of 31 December 2025, driven by major funding rounds and contract wins that underline their leadership in key orbital and data segments. The combined fair value of ICEYE, ALL.SPACE, D-Orbit and HawkEye 360 rose by £69m to £261m, a 36% uplift for these assets and equivalent to a 24% increase on the company’s last reported NAV, signalling growing maturity and momentum in its core portfolio.

The largest increases stemmed from ICEYE’s revaluation based on public comparables following a €1.7bn German government contract and from ALL.SPACE’s recent corporate activity, while D-Orbit and HawkEye 360 were marked up in line with sizable late-stage funding rounds led by new institutional investors. SSIT said it does not expect further material valuation changes elsewhere in the portfolio for the period and flagged that its interim results to 31 December 2025 will be released on 5 March 2026, accompanied by analyst and retail investor presentations, highlighting management’s confidence in continued positive developments.

The most recent analyst rating on (GB:SSIT) stock is a Hold with a £152.00 price target. To see the full list of analyst forecasts on Seraphim Space Investment Trust Plc stock, see the GB:SSIT Stock Forecast page.

Seraphim Space Portfolio Gains Momentum as Space Investment Cycle Rebounds

Seraphim Space Investment Trust’s January 2026 update highlights strong operational and funding momentum across its portfolio, with companies such as ICEYE, LeoLabs, D-Orbit, Voyager Technologies, Xona, Tomorrow.io, Pixxel and Astroscale securing major defence and commercial contracts, new capital, and technical milestones in areas like SAR imaging, space domain awareness, in-orbit manufacturing and servicing, and commercial Earth observation. The newsletter also underscores a broader upturn in the space investment cycle, with Seraphim’s Space Index showing record 2025 funding and industry-shaping moves such as the $1.25tn SpaceX–xAI merger, while SSIT steps up its own market visibility through media commentary, events, and new investor-focused profiling on Curation Connect, reinforcing its positioning at the heart of the rapidly expanding space economy.

The most recent analyst rating on (GB:SSIT) stock is a Buy with a £142.00 price target. To see the full list of analyst forecasts on Seraphim Space Investment Trust Plc stock, see the GB:SSIT Stock Forecast page.

Seraphim Space Trust Showcases Portfolio Momentum Amid Rapidly Expanding SpaceTech Market

Seraphim Space Investment Trust’s December 2025 SpaceTech newsletter highlights significant value creation and contract wins across its portfolio, including ICEYE’s €1.7bn German military reconnaissance deal and €150m Series E round valuing the firm at about €2.4bn, as well as HawkEye 360’s $150m financing, strategic acquisition of Innovative Signal Analysis, and a five-year data contract worth more than $100m. Other portfolio updates include SatVu’s planned HotSat-2 launch in early 2026 to target the fast-growing data centre monitoring market, Tomorrow.io’s expansion of AI-driven weather forecasting pilots in Thailand and the Philippines, LeoLabs’ new cross-government licensing agreement with US Space Force and the Office of Space Commerce, and AST SpaceMobile’s launch of its largest direct-to-smartphone LEO communications satellite, BlueBird 6, marking the start of scaled deployment. Beyond its portfolio, the newsletter underscores broader sector momentum, with news of a potentially record-breaking SpaceX IPO targeted for 2026, rising venture interest evidenced by a London space investment conference, and evolving government priorities such as NASA’s renewed Moon ambitions, all reinforcing SSIT’s thesis that SpaceTech is entering a phase of accelerated capital formation, industrialisation and strategic relevance for investors and policymakers alike.

The most recent analyst rating on (GB:SSIT) stock is a Hold with a £115.00 price target. To see the full list of analyst forecasts on Seraphim Space Investment Trust Plc stock, see the GB:SSIT Stock Forecast page.

Seraphim’s Flagship Holding ICEYE Wins €1.7bn German Defence Satellite Contract

Seraphim Space Investment Trust said its largest portfolio holding, synthetic aperture radar satellite specialist ICEYE, has secured a €1.7 billion contract via its joint venture with German defence group Rheinmetall to provide a dedicated SAR satellite constellation and associated services to the German Armed Forces. The five-year deal, which includes constellation operations, ground station management and AI-driven image analysis, is expected to significantly bolster ICEYE’s commercial position, support its role as a key partner in sovereign space-based intelligence, and underpin SSIT’s investment thesis, with the trust indicating that the contract could prompt a reversion to a higher valuation methodology for ICEYE at year-end.

Seraphim Space Investment Trust Capitalizes on SpaceTech Growth

Seraphim Space Investment Trust has experienced significant growth in its net asset value, driven by valuation increases in its core holdings and revenue growth among its companies. This positions the company to potentially reduce its current discount to net asset value, reflecting a strong market position amid a rebound in SpaceTech investments.

Seraphim Space Investment Trust Highlights Key Developments in SpaceTech Sector

Seraphim Space Investment Trust PLC’s November 2025 newsletter highlights significant developments in its portfolio and the broader SpaceTech sector. Key updates include ICEYE’s expansion in European and NATO markets through strategic partnerships, D-Orbit’s successful satellite deployments, and ALL.SPACE’s advancements in satellite communications for the US Army. Additionally, Skylo’s launch of Europe’s first satellite SMS service with Orange and Voyager Technologies’ acquisitions and partnerships to enhance defense and quantum capabilities underscore the sector’s dynamic growth. The newsletter also covers AST SpaceMobile’s plans for direct-to-device services and ESA’s new defense mandate, reflecting the increasing importance of space in national security strategies across Europe and the US.