BIMobject AB (BIM) AI Stock Analysis

• Market Cap: kr611.35M
• Dividend Yield: N/A
• Average Volume (3M): 248.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• 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: kr4.00 ▼(-16.49% 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

Platform business model

BIMobject’s core online marketplace hosts manufacturer BIM content and related services, creating recurring B2B subscription and digital-marketing revenue. The platform model drives network effects and data value, supporting sticky customer relationships and scalable monetization as AEC firms increasingly adopt BIM workflows.

Steady revenue growth

Consistent top-line growth from 2022–2025 demonstrates demand resilience for BIM content and platform services. Stable revenue expansion provides a foundation to invest in product development and customer success, and offers the potential to spread fixed costs and improve operating leverage over the medium term if cost control follows.

Low leverage balance sheet

Minimal debt gives the company financial flexibility to fund operations or pursue investments without heavy interest burdens. A low-leverage capital structure reduces near-term solvency risk, preserves optionality for strategic moves, and makes the company less vulnerable to macroeconomic tightening while it works to fix cash-flow dynamics.

Negative Factors

Persistent cash burn

Operating and free cash flow have been negative across the multi-year period, with a sharp deterioration in 2025. Ongoing cash burn creates funding risk, can force dilutive capital raises or credit dependence, and constrains the company’s ability to invest in customer acquisition, product improvements, or margin recovery initiatives.

Worsening profitability

Gross profit moving into negative territory and deteriorating further indicates weakening unit economics, likely from cost pressure or pricing challenges. This undermines the scalability of revenue growth, makes operational gearing ineffective, and means management must drive structural cost or pricing fixes to reach sustainable profitability.

Shrinking equity base

A declining equity base reflects cumulative losses and reduces the company’s capital buffer. Shrinking shareholders’ equity limits balance-sheet resilience, heightens reliance on external financing, and increases the probability of dilutive recapitalizations if operating performance does not improve materially.

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 primarily makes money by selling business-to-business subscriptions and digital marketing/services to building-product manufacturers that want their products visible and selectable within AEC design workflows. Key revenue streams typically include: (1) manufacturer subscriptions or listing/hosting fees to maintain a presence on the platform and manage BIM/content libraries; (2) paid promotional placement and advertising-like services that increase a manufacturer’s visibility to designers (e.g., featured listings or targeted exposure within the platform); and (3) value-added services related to creating, converting, enriching, and maintaining BIM objects and product data so they are usable across different design software and standards. The underlying economic logic is that manufacturers pay to influence product discovery and specification by professionals, while the platform provides distribution, analytics, and content/data management that manufacturers would otherwise need to build themselves. Specific figures, pricing, or named material partnerships are null.

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: Negative
• 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 4.27, above the 50-day MA of 4.51, and below the 200-day MA of 5.54, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 41.78 is Neutral, neither overbought nor oversold. The STOCH value of 30.16 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	kr435.75M	18.38	―	3.48%	―	―
UPSALE	68 Neutral	kr356.97M	24.40	―	4.69%	―	―
CDMIL	62 Neutral	kr200.92M	-160.32	―	3.25%	-18.05%	-71.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FPIP	55 Neutral	kr1.22B	2.92	―	1.92%	-8.38%	-38.17%
BIM	45 Neutral	kr611.35M	-11.79	-36.30%	―	2.08%	-168.70%
CHECK	43 Neutral	kr67.54M	-1.20	-83.82%	―	-18.26%	-109.47%