Nubeva Technologies Ltd (NBVA) AI Stock Analysis

• Market Cap: C$12.14M
• Dividend Yield: N/A
• Average Volume (3M): 13.64K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.81
• 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$0.15 ▼(-15.00% 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

TTM revenue growth of +38% indicates the company is gaining customers or expanding sales of its TLS session-key inspection technology. Sustained mid-to-high revenue growth supports scale, R&D reinvestment, and the prospect of improving operating leverage over a 2–6 month horizon.

High Gross Margins

Near-100% gross margins imply the core technology has very low incremental cost to serve additional customers. This supports scalable unit economics and the ability for incremental revenue to flow to profit once fixed operating costs stabilize, a durable structural advantage.

Conservative Balance Sheet

A debt-to-equity ratio around 0.5% reflects a conservatively levered balance sheet that reduces solvency risk. Low leverage preserves financial optionality to fund growth or weather extended cash burn without immediate refinancing pressure over the next several months.

Negative Factors

Deeply Negative Profitability

Very negative net and EBIT margins and a reported net loss indicate the business is not yet profitable. Persistent deep losses erode shareholder returns, limit internal reinvestment capacity, and increase dependency on external funding, heightening execution risk over the medium term.

Negative Cash Generation

Operating cash flow and free cash flow are negative and declining, showing the company consumes cash to run operations. Continued cash burn lengthens time to self-sufficiency, may force dilutive financing or spending cuts, and constrains strategic initiatives over 2–6 months.

Uneven Top-line Trend

The recent annual period posting losses alongside lower revenue versus the prior year signals revenue volatility and uneven traction. This undermines forecasting accuracy, weakens operating leverage conversion, and raises the risk that growth is not sustainably repeatable in the near term.

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

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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: Positive
• Last Price: 0.18
• 50DMA: Positive
• 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 Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.16, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.18 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$2.69B	43.05	3.01%	―	-9.05%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STC	59 Neutral	C$202.29M	-28.58	-2.82%	―	-4.34%	31.52%
NBVA	47 Neutral	C$12.14M	-29.38	-21.69%	―	-69.94%	-281.40%
MTLO	45 Neutral	C$2.92M	-0.41	―	―	-13.42%	-126.00%
PLUR	45 Neutral	C$10.63M	-3.84	286.87%	―	17.18%	79.56%
ICS	42 Neutral	C$55.70M	-3.40	148.75%	―	―	―

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.