2025 Q4 -tulosraportti
20 päivää sitten
‧22 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 215 | - | - | ||
| 12 | - | - | ||
| 500 | - | - | ||
| 73 | - | - | ||
| 100 | - | - |
Ylin
4,4VWAP
Alin
4VaihtoMäärä
0,3 70 272
VWAP
Ylin
4,4Alin
4VaihtoMäärä
0,3 70 272
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 5.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 1.8.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·21.2.I am developing an analysis model around BIM (not yet fully developed but all historical data has been entered). Here is my take in broad strokes: ARR is growing steadily (around +10m/year) and the working capital engine is functioning (approx. 35–45% of the ARR increase hits deferred and provides around +4 MSEK in cash flow contribution). The problem is not the revenue side but the cost base. EBIT is clearly negative and capitalized development (around 18m 2025) drives up the actual cash burn. Cash decreased by around 49m in 2025, but adjusted for investments, the “core burn” is rather around 30m/year, which gives a runway of approx. 5 years (3 years if the investment level persists). The key question, as I see it, is therefore not liquidity here and now, but scale efficiency. With the current cost structure, an estimated 170–180m ARR is required for break-even (if costs stabilize), otherwise closer to 250–270m. The equity case is determined by whether the company can combine continued ARR growth with cost discipline. So, not by whether ARR grows in itself. Historical investments in capitalized development have certainly not been inefficient as ARR has grown steadily (around 10m/year) and retention seems to have strengthened. But growth has been linear rather than scalable, suggesting that investments have primarily been defensive (improving the platform, retaining customers) rather than transformative. The platform is the engine itself. And investing in AI agents that convert the entire construction industry's various data formats into standard core data is a game changer, a scaling engine. ROI thus looks reasonable on paper, but the cost base has grown in parallel and absorbed the scale benefit, which keeps EBIT negative. The cost structure is something BIM has struggled with before. The key question going forward is whether today's investments can increase ARR per invested krona via user-side monetization, premium/AI services, and higher ARPU rather than just protecting the existing base. The equity case is not determined by ARR growing, but by whether growth accelerates without a corresponding increase in costs. My conclusion is that the company is a native AI company and not a SaaS company with a layer of AI solutions. The platform that BIM is developing with the ability to convert the entire construction industry's various data will be the engine. Then, of course, it's possible that if BIM starts monetizing users too early, this could affect the work on core data development... but at the same time, a hybrid model with premium AI features and API usage would probably be interesting. Certainly works at an early stage.
13.2. · Muokattu13.2. · MuokattuIt amazes me that this company has spent over ten years developing a platform, with a management that has consistently avoided the issue of monetising the over six million, mainly commercial, users. Looking at year after year of almost flat ARR development must surely result in a review of their revenue model.
·20.12.2025It's happening soon! After two years of constant insider purchases and strong focus on new development, a rapidly improved growth is just around the corner. New services, the regulatory requirements that already came this year, the new ones coming in 2030, as well as 6 million users are a selection of what will make BO a winner.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
20 päivää sitten
‧22 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·21.2.I am developing an analysis model around BIM (not yet fully developed but all historical data has been entered). Here is my take in broad strokes: ARR is growing steadily (around +10m/year) and the working capital engine is functioning (approx. 35–45% of the ARR increase hits deferred and provides around +4 MSEK in cash flow contribution). The problem is not the revenue side but the cost base. EBIT is clearly negative and capitalized development (around 18m 2025) drives up the actual cash burn. Cash decreased by around 49m in 2025, but adjusted for investments, the “core burn” is rather around 30m/year, which gives a runway of approx. 5 years (3 years if the investment level persists). The key question, as I see it, is therefore not liquidity here and now, but scale efficiency. With the current cost structure, an estimated 170–180m ARR is required for break-even (if costs stabilize), otherwise closer to 250–270m. The equity case is determined by whether the company can combine continued ARR growth with cost discipline. So, not by whether ARR grows in itself. Historical investments in capitalized development have certainly not been inefficient as ARR has grown steadily (around 10m/year) and retention seems to have strengthened. But growth has been linear rather than scalable, suggesting that investments have primarily been defensive (improving the platform, retaining customers) rather than transformative. The platform is the engine itself. And investing in AI agents that convert the entire construction industry's various data formats into standard core data is a game changer, a scaling engine. ROI thus looks reasonable on paper, but the cost base has grown in parallel and absorbed the scale benefit, which keeps EBIT negative. The cost structure is something BIM has struggled with before. The key question going forward is whether today's investments can increase ARR per invested krona via user-side monetization, premium/AI services, and higher ARPU rather than just protecting the existing base. The equity case is not determined by ARR growing, but by whether growth accelerates without a corresponding increase in costs. My conclusion is that the company is a native AI company and not a SaaS company with a layer of AI solutions. The platform that BIM is developing with the ability to convert the entire construction industry's various data will be the engine. Then, of course, it's possible that if BIM starts monetizing users too early, this could affect the work on core data development... but at the same time, a hybrid model with premium AI features and API usage would probably be interesting. Certainly works at an early stage.
- 13.2. · Muokattu13.2. · MuokattuIt amazes me that this company has spent over ten years developing a platform, with a management that has consistently avoided the issue of monetising the over six million, mainly commercial, users. Looking at year after year of almost flat ARR development must surely result in a review of their revenue model.
- ·20.12.2025It's happening soon! After two years of constant insider purchases and strong focus on new development, a rapidly improved growth is just around the corner. New services, the regulatory requirements that already came this year, the new ones coming in 2030, as well as 6 million users are a selection of what will make BO a winner.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 215 | - | - | ||
| 12 | - | - | ||
| 500 | - | - | ||
| 73 | - | - | ||
| 100 | - | - |
Ylin
4,4VWAP
Alin
4VaihtoMäärä
0,3 70 272
VWAP
Ylin
4,4Alin
4VaihtoMäärä
0,3 70 272
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 5.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 1.8.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
2025 Q4 -tulosraportti
20 päivää sitten
‧22 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 5.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 1.8.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·21.2.I am developing an analysis model around BIM (not yet fully developed but all historical data has been entered). Here is my take in broad strokes: ARR is growing steadily (around +10m/year) and the working capital engine is functioning (approx. 35–45% of the ARR increase hits deferred and provides around +4 MSEK in cash flow contribution). The problem is not the revenue side but the cost base. EBIT is clearly negative and capitalized development (around 18m 2025) drives up the actual cash burn. Cash decreased by around 49m in 2025, but adjusted for investments, the “core burn” is rather around 30m/year, which gives a runway of approx. 5 years (3 years if the investment level persists). The key question, as I see it, is therefore not liquidity here and now, but scale efficiency. With the current cost structure, an estimated 170–180m ARR is required for break-even (if costs stabilize), otherwise closer to 250–270m. The equity case is determined by whether the company can combine continued ARR growth with cost discipline. So, not by whether ARR grows in itself. Historical investments in capitalized development have certainly not been inefficient as ARR has grown steadily (around 10m/year) and retention seems to have strengthened. But growth has been linear rather than scalable, suggesting that investments have primarily been defensive (improving the platform, retaining customers) rather than transformative. The platform is the engine itself. And investing in AI agents that convert the entire construction industry's various data formats into standard core data is a game changer, a scaling engine. ROI thus looks reasonable on paper, but the cost base has grown in parallel and absorbed the scale benefit, which keeps EBIT negative. The cost structure is something BIM has struggled with before. The key question going forward is whether today's investments can increase ARR per invested krona via user-side monetization, premium/AI services, and higher ARPU rather than just protecting the existing base. The equity case is not determined by ARR growing, but by whether growth accelerates without a corresponding increase in costs. My conclusion is that the company is a native AI company and not a SaaS company with a layer of AI solutions. The platform that BIM is developing with the ability to convert the entire construction industry's various data will be the engine. Then, of course, it's possible that if BIM starts monetizing users too early, this could affect the work on core data development... but at the same time, a hybrid model with premium AI features and API usage would probably be interesting. Certainly works at an early stage.
- 13.2. · Muokattu13.2. · MuokattuIt amazes me that this company has spent over ten years developing a platform, with a management that has consistently avoided the issue of monetising the over six million, mainly commercial, users. Looking at year after year of almost flat ARR development must surely result in a review of their revenue model.
- ·20.12.2025It's happening soon! After two years of constant insider purchases and strong focus on new development, a rapidly improved growth is just around the corner. New services, the regulatory requirements that already came this year, the new ones coming in 2030, as well as 6 million users are a selection of what will make BO a winner.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 215 | - | - | ||
| 12 | - | - | ||
| 500 | - | - | ||
| 73 | - | - | ||
| 100 | - | - |
Ylin
4,4VWAP
Alin
4VaihtoMäärä
0,3 70 272
VWAP
Ylin
4,4Alin
4VaihtoMäärä
0,3 70 272
Välittäjätilasto
Dataa ei löytynyt