BIMobject AB (BIM) AI Stock Analysis

• Market Cap: kr664.51M
• Dividend Yield: N/A
• Average Volume (3M): 248.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: 2.08%
• EPS Growth: -168.70%
• Country: SE
• Employees: 163
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.09
• Shares Outstanding: 147,668,810
• 10 Day Avg. Volume: 164,514
• 30 Day Avg. Volume: 248,818
• PEG Ratio: -0.03
• Price to Book (P/B): 4.42
• Price to Sales (P/S): 4.24
• P/FCF Ratio: -15.05
• 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: 45 Neutral
• Price Target: kr4.50 ▼(-6.05% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by weak financial performance: worsening profitability and ongoing cash burn outweigh steady revenue growth, despite a low-leverage balance sheet. Technicals add pressure with the stock trading below key moving averages and only neutral momentum signals. Valuation is constrained by negative earnings and the absence of a dividend yield.

Positive Factors

Recurring B2B marketplace business model

A marketplace selling B2B subscriptions and paid content services creates recurring revenue, high customer switching costs and potential network effects as manufacturers pay to be specified by designers. This durability supports predictable revenue and long-term monetization paths.

Consistent revenue growth trend

Sustained top-line growth across multiple years indicates ongoing demand and platform adoption in the AEC market. Persistent revenue expansion increases optionality to improve unit economics, cross-sell services, and leverage fixed costs over time if profitability initiatives succeed.

Low leverage / conservative capital structure

Minimal debt reduces refinancing and interest risks, giving management room to invest in product and sales or absorb short-term losses without immediate solvency pressure. Low leverage is a durable buffer versus peers during prolonged cash burn periods.

Negative Factors

Deteriorating profitability; negative gross profit

A negative gross margin implies costs to produce or deliver services exceed revenue before operating expenses, which is structurally unsustainable. Fixing this requires fundamental changes to pricing, cost structure, or product mix and undermines long-term margin sustainability.

Persistent negative operating and free cash flow

Consistent cash burn erodes reserves and forces reliance on external financing or equity dilution. Over a multi-month horizon, persistent negative cash flow constrains reinvestment, slows product development and sales scaling, and raises execution and funding-risk concerns.

Shrinking equity base from losses

A declining equity base signals cumulative losses and reduces the firm's loss-absorbing capacity. Over time this limits financing options, increases vulnerability to adverse shocks, and can make larger capital raises more dilutive or costly, impairing strategic flexibility.

BIMobject AB Business Overview & Revenue Model

Company Description

BIMobject AB, a software company, engages in the development of cloud solutions and services within building information modelling (BIM) worldwide. The company offers BIMobject Cloud, a cloud-based marketplace for building and interior design products. It serves architects, construction engineers, and other professionals in the construction industry. The company was incorporated in 2011 and is headquartered in Malmö, Sweden.

How the Company Makes Money

BIMobject AB generates revenue primarily through a subscription-based model, where users pay for access to its platform and premium content. The company also earns revenue from licensing fees charged to manufacturers who upload their products to the BIMobject platform, allowing them to reach a wider audience of design and construction professionals. Additionally, BIMobject may generate income from partnerships with key industry players, providing tailored solutions and integrations that enhance their offerings. The combination of subscription fees, licensing agreements, and strategic partnerships constitutes the core of BIMobject's revenue streams.

BIMobject AB Financial Statement Overview

Summary

Despite steady revenue growth, profitability has deteriorated significantly (gross profit turning negative and deepening losses), and cash flow remains persistently negative with worsening free cash flow. A key offset is very low leverage, which reduces near-term balance-sheet risk, but declining equity and ongoing cash burn weigh heavily.

Income Statement

Revenue has grown steadily from 2022–2025 (with 2023 the strongest growth year), showing demand resilience. However, profitability has deteriorated meaningfully: gross profit turned negative in 2024 and worsened further in 2025, and operating profit and net income are negative every year shown. The combination of growing revenue but deepening losses points to cost/price pressure and weak operating leverage, which weighs heavily on the score.

Balance Sheet

Leverage is very low (debt remains minimal versus equity across the period), which provides financial flexibility and reduces balance-sheet risk. That said, equity has trended down from 2020 to 2025, consistent with ongoing losses, and returns on equity are negative. Overall, the capital structure is a clear strength, while the shrinking equity base is the key weakness.

Cash Flow

Cash generation is consistently weak: operating cash flow and free cash flow are negative in every year provided, including a sharp deterioration in 2025 versus 2024. While free cash flow has occasionally improved year-over-year in earlier periods, the company still burns cash on an absolute basis, raising execution and funding-risk concerns if this persists.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	168.57M	167.76M	157.64M	132.24M	120.30M
Gross Profit	-68.49M	-22.60M	20.02M	128.68M	115.08M
EBITDA	-56.58M	-3.89M	-17.12M	-54.49M	-75.39M
Net Income	-60.57M	-12.72M	-17.46M	-63.43M	-81.28M
Balance Sheet
Total Assets	266.09M	299.84M	306.16M	341.51M	377.94M
Cash, Cash Equivalents and Short-Term Investments	153.65M	203.22M	217.87M	240.32M	307.24M
Total Debt	0.00	2.55M	3.83M	813.00K	953.00K
Total Liabilities	104.64M	105.81M	99.14M	99.14M	95.88M
Stockholders Equity	161.44M	194.04M	207.01M	225.10M	282.06M
Cash Flow
Free Cash Flow	-47.44M	-21.42M	-19.93M	-66.82M	-87.67M
Operating Cash Flow	-46.04M	-6.90M	-15.13M	-64.93M	-87.03M
Investing Cash Flow	30.30M	-3.77M	-19.80M	-71.38M	-31.23M
Financing Cash Flow	9.88M	2.09M	921.00K	1.07M	-999.00K

BIMobject AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BIM, the sentiment is Negative. The current price of 4.79 is above the 20-day moving average (MA) of 4.70, above the 50-day MA of 4.73, and below the 200-day MA of 5.80, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 43.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BIM.

BIMobject AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GENI	75 Outperform	kr471.40M	15.19	―	3.48%	―	―
UPSALE	68 Neutral	kr405.80M	18.07	―	4.69%	―	―
CDMIL	62 Neutral	kr198.88M	-4,838.71	―	3.25%	-18.05%	-71.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FPIP	55 Neutral	kr1.31B	2.64	―	1.92%	-8.38%	-38.17%
BIM	45 Neutral	kr664.51M	-10.95	-26.80%	―	2.08%	-168.70%
CHECK	43 Neutral	kr75.01M	-0.57	-10.28%	―	-18.26%	-109.47%