Viridien (VIRDY) AI Stock Analysis

• Market Cap: $970.07M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 13.6
• Beta (1Y): -5.34
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 3,200
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 7.33
• Shares Outstanding: 7,187,279
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.26
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 2.25
• Enterprise Value/Market Cap: 1.96
• Enterprise Value/Revenue: 1.78
• Enterprise Value/Gross Profit: 5.46
• Enterprise Value/Ebitda: 5.05
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 10.76
• Revenue Forecast (FY): $1.16B

• Rating: 62 Neutral
• Price Target: $137.00 ▲(6.36% Upside)
• Action: N/A Date: 03/02/26
• Date: Action: N/A 03/02/26

The score is driven primarily by improved financial performance (strong 2025 growth, margins, and free cash flow), partially offset by weak technicals (below key moving averages and negative MACD) and balance-sheet/cyclicality risk. Valuation is supportive with a moderate P/E.

Positive Factors

Free cash flow strength

Sustained high free cash flow in 2025 provides durable funding for data library investment, debt paydown, or buybacks. Reliable FCF improves financial optionality and lowers refinancing risk over the medium term, supporting strategic multi-year projects and technology upgrades.

Improved profitability and revenue growth

Sharp revenue growth and materially higher operating margins indicate stronger pricing power and operating leverage versus prior weak years. If maintained, these structural margin improvements can translate into higher reinvestment capacity and more predictable earnings over the next several quarters.

Multi-client seismic licensing model

A multi-client library creates recurring and scalable licensing revenue because surveys are monetized multiple times across customers. Combined with software/consulting services, this business mix increases revenue durability and high incremental margins as datasets and analytics are reused.

Negative Factors

High absolute debt load

While leverage has improved, the still-large absolute debt balance constrains financial flexibility during industry downturns and increases interest and refinancing exposure. High nominal debt can force cutbacks in capex or data investments if cash flow weakens.

Historical earnings and cash volatility

A history of losses and inconsistent cash conversion shows underlying sensitivity to project timing and working capital. Such volatility limits forward visibility for capital allocation and heightens execution risk for multi-year library investments and long-term contracts.

Cyclicality tied to exploration spending

Revenue is structurally linked to exploration and appraisal budgets, making top-line and utilization vulnerable to commodity cycles and capital spending shifts. This dependence reduces revenue predictability and can depress utilization of owned data libraries in downturns.

Viridien Business Overview & Revenue Model

Company Description

Viridien Société anonyme provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, Latin America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates through two segments, Data, Digital & Energy Transition (DDE); and Sensing & Monitoring (SMO). The DDE segment engages in the geoscience business, which includes the processing and imaging of geophysical data, reservoir characterization, geophysical consulting and software services, geological data library, and data management solutions, as well as collecting, developing, and licensing geological data; earth data business, which comprises the development and management of a seismic and geological data library; development and sale of seismic data processing software under the Geovation brand; and provision of geoscience and petroleum engineering consulting services. Its SMO segment engages in the design, engineering, and manufacturing of seismic equipment for the land and marine seismic data acquisition, including seismic recording equipment, software, and seismic sources; and business equipment activities, such as land, marine, ocean bottom, borehole and beyond the core infrastructure monitoring solution and defense under the Sercel, Metrolog, GRC, DeRegt, and Geocomp brands. This segment also provides customer support services, such as training. The company was formerly known as CGG and changed its name to Viridien Société anonyme in May 2024. Viridien Société anonyme was incorporated in 1931 and is headquartered in Massy, France.

How the Company Makes Money

Viridien Financial Statement Overview

Summary

Fundamentals have improved meaningfully: strong 2025 growth (~42%), solid profitability (gross ~33%, operating ~22%, net ~6.6%), and robust 2025 operating/free cash flow (~$386M/~$345M). Offsetting this is cyclical volatility in prior years and a still-material absolute debt load (~$1.06B) despite improving leverage (debt-to-equity ~0.94).

Income Statement

Profitability has improved meaningfully versus prior years: 2025 revenue grew ~42% with solid operating profitability (gross margin ~33%, operating margin ~22%) and a positive net margin (~6.6%). Results are notably stronger than 2023’s low net margin (~1.2%) and a sharp rebound from losses in 2020–2021. Key watchout: earnings have been volatile over the cycle, with prior periods showing negative net income and large margin swings, suggesting sensitivity to industry conditions.

Balance Sheet

Leverage looks manageable and trending better: debt-to-equity improved to ~0.94 in 2025 from ~1.27 in 2023 (and higher in 2021). Equity is sizable (~$1.13B) against total assets (~$2.75B), supporting the capital base. However, absolute debt remains high (~$1.06B) and returns on equity are still moderate (~6.3% in 2025), with a history of negative returns in 2020–2021, which elevates risk if operating conditions weaken.

Cash Flow

Cash generation is a clear positive: 2025 operating cash flow (~$386M) and free cash flow (~$345M) are strong, with free cash flow up ~18% year over year and free cash flow running close to reported earnings. That said, cash conversion has not been consistently strong across the history provided, with weaker free cash flow in 2022 and negative free cash flow in 2020, indicating potential variability in working capital and/or capital spending needs.

Breakdown	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.07B	1.08B	927.40M	1.06B	886.70M
Gross Profit	350.48M	258.40M	272.50M	209.80M	160.80M
EBITDA	470.15M	367.80M	447.30M	309.20M	267.80M
Net Income	71.32M	12.90M	43.10M	-181.70M	-440.50M
Balance Sheet
Total Assets	2.75B	2.92B	2.89B	2.92B	3.38B
Cash, Cash Equivalents and Short-Term Investments	173.00M	337.50M	253.40M	323.30M	400.30M
Total Debt	1.06B	1.30B	1.25B	1.31B	1.39B
Total Liabilities	1.58B	1.85B	1.83B	1.92B	2.21B
Stockholders Equity	1.13B	1.02B	1.02B	962.70M	1.12B
Cash Flow
Free Cash Flow	344.86M	255.30M	85.70M	109.80M	-38.80M
Operating Cash Flow	385.99M	408.30M	345.50M	336.70M	264.30M
Investing Cash Flow	-190.29M	-232.50M	-198.90M	-138.80M	-362.10M
Financing Cash Flow	-330.02M	-148.30M	-151.00M	-239.80M	-67.80M

Viridien Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CLB	65 Neutral	$785.99M	24.82	12.31%	0.24%	-1.02%	6.34%
NBR	64 Neutral	$1.12B	4.64	68.44%	―	6.52%	―
VIRDY	62 Neutral	$970.07M	13.64	-0.45%	―	―	―
PUMP	61 Neutral	$1.50B	1,838.81	-2.05%	―	-11.65%	87.57%
CLNE	55 Neutral	$487.14M	―	-34.89%	―	2.59%	-192.73%
ACDC	52 Neutral	$906.16M	-2.45	-31.46%	―	-11.92%	-53.72%