Bambuser AB (BUSER) AI Stock Analysis

• Market Cap: kr107.83M
• Dividend Yield: N/A
• Average Volume (3M): 127.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 77
• Sector: Services
• Sector Strength: N/A
• Industry: Software - Application
• EPS (TTM): -3.97
• Shares Outstanding: 8,047,062
• 10 Day Avg. Volume: 159,540
• 30 Day Avg. Volume: 127,769
• PEG Ratio: -0.90
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -1.15
• 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): -13.2
• Revenue Forecast (FY): kr188.00M

• Rating: 47 Neutral
• Price Target: kr14.50 ▲(0.69% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is primarily held back by weak financial performance—shrinking revenue, continued heavy losses, negative cash flow, and significant equity erosion—despite improved gross profitability and a debt-free balance sheet. Technicals are mixed with longer-term downtrend signals, and valuation is constrained by a negative P/E and no dividend support.

Positive Factors

Debt-free Balance Sheet

Zero recorded debt materially lowers financial risk and interest burden, giving management flexibility to prioritize product development, customer acquisition, or strategic initiatives. Over the next several months this structural strength supports runway management while losses persist, reducing refinancing pressure.

Improving Gross Profitability

Improved unit economics indicate the platform is now generating positive gross margin, a durable sign the core product scales more profitably. If operating costs are controlled, this sets up potential operating leverage and a clearer path to sustainable profitability over the medium term.

Recurring SaaS Revenue Model

A subscription-based video-commerce SaaS model yields recurring revenue, higher customer lifetime value, and predictable cash inflows. Structurally this supports upsells, expansion into new clients/markets, and long-term contract renewal dynamics tied to e-commerce adoption.

Negative Factors

Shrinking Revenue

Consecutive revenue declines weaken scale economics and make it harder to absorb fixed costs. Persisting top-line contraction undermines investment capacity, elongates the timeline to break-even, and increases reliance on external funding or aggressive cost cuts to sustain operations.

Persistent Negative Cash Flow

Ongoing negative operating and free cash flow means the business still consumes cash despite improvements. Over a multi-month horizon this raises liquidity risk, forces prioritization of short-term survival over growth, and likely necessitates external financing if losses continue.

Erosion of Shareholder Equity

Sharp equity erosion signals sustained losses and potential dilution, reducing the balance-sheet cushion against shocks. This structural weakening limits strategic flexibility, may raise cost of capital, and constrains the company’s ability to invest or pursue M&A without further funding.

Bambuser AB Business Overview & Revenue Model

Company Description

Bambuser AB (publ) develops and provides solutions for live streaming in Sweden. The company provides technology, which enables live streaming from mobile phones and Webcams over the Internet. It offers one-to-many live video shopping broadcasted; one-to-one shopping that increase sales by bridging gap between online and in-store shopping; Phygital solution; and live streaming SDK. The company was incorporated in 2007 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Bambuser AB Financial Statement Overview

Summary

Weak overall fundamentals: revenue is shrinking and profitability remains deeply negative with sizable operating and net losses. Offsetting positives include improved gross profitability versus earlier years and essentially no debt, but persistent cash burn and a sharp equity decline materially constrain the financial profile.

Income Statement

Revenue has been shrinking recently (2025: -4.12% after a slight decline in 2024), and profitability remains deeply negative with sizable operating and net losses across the period. A key positive is the sharp improvement in gross profitability versus earlier years (moving from negative gross profit in 2020–2021 to solid gross profit in 2024–2025), suggesting better unit economics; however, operating costs still overwhelm gross profit, keeping earnings meaningfully negative.

Balance Sheet

The company carries essentially no debt (zero total debt in 2021–2025), which limits financial risk and provides flexibility. The main concern is a steep decline in shareholder equity over time (from 769.5M in 2021 to 94.2M in 2025), consistent with sustained losses and reducing the balance-sheet cushion despite still-positive equity and assets.

Cash Flow

Cash generation remains weak, with operating cash flow and free cash flow negative each year shown (including 2025). A positive sign is the improvement in free cash flow in 2025 (growth of 65.95% versus 2024), indicating cash burn is moderating; however, the business is still consuming cash rather than funding itself internally, keeping liquidity risk elevated if losses persist.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	83.09M	103.02M	188.47M	208.06M	158.80M
Gross Profit	41.75M	79.07M	55.39M	41.14M	-43.78M
EBITDA	-89.73M	-109.03M	-209.28M	-132.18M	-188.96M
Net Income	-113.04M	-111.67M	-278.40M	-200.17M	-231.13M
Balance Sheet
Total Assets	141.77M	261.38M	374.38M	676.85M	869.62M
Cash, Cash Equivalents and Short-Term Investments	103.14M	183.06M	272.06M	378.45M	542.38M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	47.62M	52.22M	55.50M	87.13M	100.13M
Stockholders Equity	94.15M	209.16M	318.87M	589.72M	769.49M
Cash Flow
Free Cash Flow	-83.62M	-83.33M	-120.44M	-163.16M	-162.78M
Operating Cash Flow	-83.62M	-83.31M	-120.25M	-138.38M	-85.13M
Investing Cash Flow	4.64M	-7.67M	12.54M	-29.08M	-174.81M
Financing Cash Flow	-267.00K	1.53M	1.46M	3.16M	483.69M

Bambuser AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
RPLAN	48 Neutral	kr86.37M	-4.31	―	―	―	―
BUSER	47 Neutral	kr107.83M	-0.83	―	―	―	―
MOBA	46 Neutral	kr15.42M	-0.25	―	―	―	―
GREAT	44 Neutral	kr193.46M	-2.57	―	―	-69.94%	-7367.66%