Nubeva Technologies Ltd (NBVA) AI Stock Analysis

• Market Cap: C$11.23M
• Dividend Yield: N/A
• Average Volume (3M): 13.64K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.76
• Revenue Growth: -69.94%
• EPS Growth: -281.40%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 70,173,780
• 10 Day Avg. Volume: 7,559
• 30 Day Avg. Volume: 13,643
• PEG Ratio: 0.00
• Price to Book (P/B): 1.41
• Price to Sales (P/S): 8.62
• P/FCF Ratio: -8.52
• 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: 47 Neutral
• Price Target: C$0.16 ▼(-12.22% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held down primarily by weak financial performance—large losses, deeply negative margins, and negative operating/free cash flow—despite strong recent revenue growth and very low leverage. Technicals are moderately supportive (price above key short-term averages), but momentum is mixed (slightly negative MACD). Valuation is constrained by negative earnings (negative P/E) with no dividend yield data.

Positive Factors

Revenue Growth

Sustained TTM revenue growth of +38% indicates meaningful customer demand and sales traction for the core TLS/SSL inspection technology. Over 2-6 months this supports scaling potential, improves leverage opportunities, and underpins long-term revenue expansion if retention and upsell persist.

Conservative Balance Sheet

Very low leverage reduces bankruptcy and refinancing risk, giving management time to invest in product development or sales before profitability. It preserves strategic optionality for partnerships, M&A, or capital raises without severe solvency pressure over the coming quarters.

High Gross Margins

Near-100% gross margins reflect a software-centric, low incremental-cost model, allowing operating leverage once fixed costs are absorbed. If revenue growth continues, high gross margins enable faster margin expansion and better cash conversion as sales scale over the medium term.

Negative Factors

Deep Negative Profitability

Extremely negative margins and recurring net losses indicate the business is not yet translating revenue into sustainable profits. Persistent operating losses limit reinvestment capacity, pressure equity returns, and lengthen the path to self-sufficiency absent meaningful margin improvement.

Negative Cash Generation

Negative operating and free cash flow show the company is consuming cash to run operations. Over months this necessitates external funding or cost cuts to sustain growth. Ongoing cash burn increases dilution risk and constrains investments that drive durable competitive advantage.

Weak Returns on Equity

A materially negative ROE indicates the company is destroying shareholder value rather than generating returns from invested equity. Without a clear path to positive ROE, long-term capital efficiency is poor and investor confidence in sustainable profitability remains limited.

Nubeva Technologies Ltd Business Overview & Revenue Model

Company Description

Nubeva Technologies Ltd (NBVA) is a technology company specializing in cybersecurity solutions, specifically focused on providing visibility and security for cloud environments. The company operates within the software sector, offering a range of products that enhance network security by enabling users to monitor and secure their cloud-based applications and services. Nubeva's core products include advanced network detection and response tools that help organizations mitigate threats and ensure compliance in increasingly complex cloud architectures.

How the Company Makes Money

Nubeva Technologies generates revenue primarily through the sale of its software solutions and subscription-based services. The company's revenue model includes licensing fees from its software products, which are often offered on a subscription basis, allowing customers to access continuous updates and support. Additionally, Nubeva may engage in strategic partnerships with cloud service providers and other technology firms to enhance its market reach and product offerings, thereby increasing its customer base and, consequently, its revenue streams. The company may also derive income from professional services related to the implementation and customization of its security solutions for enterprise clients.

Nubeva Technologies Ltd Financial Statement Overview

Summary

Revenue growth is strong (TTM +38%), but operating fundamentals are weak with deeply negative margins (net margin -163%, EBIT margin -190%), a net loss (-$0.71M), and negative cash generation (TTM operating cash flow -$0.55M; free cash flow -$0.56M). Balance sheet leverage is low (debt-to-equity ~0.5%), but returns remain poor (TTM ROE ~-21%).

Income Statement

TTM (Trailing-Twelve-Months) revenue grew strongly (+38.0%), but profitability remains weak: net income was -$0.71M and margins were deeply negative (net margin -163%, EBIT margin -190%). The last annual period (2025) also showed losses on lower revenue versus 2024, highlighting an uneven top-line trend and limited operating leverage despite near-100% gross margin.

Balance Sheet

The balance sheet is conservatively levered with very low debt relative to equity (debt-to-equity ~0.5% in TTM (Trailing-Twelve-Months)), which reduces financial risk. However, recurring losses are translating into weak returns for shareholders (TTM return on equity about -21%), indicating the company is not currently generating adequate earnings power from its equity base.

Cash Flow

Cash generation is a key pressure point: TTM (Trailing-Twelve-Months) operating cash flow was -$0.55M and free cash flow was -$0.56M, with free cash flow declining (~-27% growth). While free cash flow roughly tracked net loss (free cash flow to net income ~1.02), the business is still consuming cash, extending the path to self-funding operations.

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2020
Income Statement
Total Revenue	381.62K	530.62K	1.79M	2.07M	235.64K	1.97M
Gross Profit	381.62K	530.62K	1.79M	2.07M	235.64K	1.97M
EBITDA	-750.46K	-600.36K	184.06K	-1.60M	-3.25M	-738.00K
Net Income	-672.49K	-641.64K	-1.36K	-1.71M	-3.27M	-762.00K
Balance Sheet
Total Assets	3.24M	3.64M	4.45M	4.07M	4.40M	2.99M
Cash, Cash Equivalents and Short-Term Investments	2.92M	3.09M	3.64M	3.62M	3.99M	2.28M
Total Debt	14.35K	14.39K	35.80K	30.14K	25.91K	209.30K
Total Liabilities	362.57K	404.05K	625.03K	414.75K	272.82K	446.73K
Stockholders Equity	2.88M	3.24M	3.82M	3.65M	4.13M	2.54M
Cash Flow
Free Cash Flow	-453.72K	-537.07K	-63.83K	-350.03K	-2.57M	-1.57M
Operating Cash Flow	-446.78K	-530.57K	-61.24K	-345.76K	-2.56M	-1.57M
Investing Cash Flow	-6.85K	-6.49K	-2.59K	-4.26K	-4.62K	0.00
Financing Cash Flow	-2.40K	-12.33K	102.06K	-1.04K	4.27M	1.93M

Nubeva Technologies Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBVA, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.17, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.73 is Neutral, neither overbought nor oversold. The STOCH value of 48.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBVA.

Nubeva Technologies Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BB	65 Neutral	C$2.81B	43.05	2.88%	―	-9.05%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STC	59 Neutral	C$207.61M	-28.58	-2.18%	―	-4.34%	31.52%
NBVA	47 Neutral	C$11.23M	-29.38	-24.65%	―	-69.94%	-281.40%
MTLO	45 Neutral	C$2.92M	-0.41	―	―	-13.42%	-126.00%
PLUR	45 Neutral	C$11.81M	-3.84	―	―	17.18%	79.56%
ICS	44 Neutral	C$83.18M	-3.40	―	―	―	―

Nubeva Technologies Ltd Corporate Events

Nubeva Wins U.S. Patent for AI-Driven Ransomware Recovery in Massive Data Stores

Nubeva Technologies has secured a new U.S. patent for an AI-driven method of recovering from ransomware attacks in massive on-premise data storage environments. The patented technology targets complex scenarios where attackers encrypt large virtual machine disk images in scattered subsections across multiple processors, a growing risk as enterprises repatriate data from the cloud to support AI initiatives.

The system uses computational intelligence, including machine learning and edge agents, to analyze compromised storage, detect high-entropy encryption patterns, and automatically test and apply harvested keys to reconstruct data. The patent strengthens Nubeva’s intellectual property portfolio and reinforces its positioning as a specialist in advanced ransomware decryption and automated recovery, aiming to deliver faster, more reliable outcomes in attacks that routinely defeat conventional tools.

The most recent analyst rating on (TSE:NBVA) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Nubeva Technologies Ltd stock, see the TSE:NBVA Stock Forecast page.