Also trades as: SHF.DE (XETRA) · $vol 0M

€96.20 ($108.11)

+7.20 (+8.09%)

Weekly Expected Move ±8.2%

€81 €88 €96 €104 €112

LSE · Technology · Information Technology Services · Tech Score Buy · Power 71 · €701.2M mcap · 3M float · 0.0003% daily turnover

Analysis Technicals Weather Peers

Revenue

$297M +16.5% ▲

5Y CAGR: +15.6%

Gross Profit

$77M +40.0% ▲

5Y CAGR: +32.5%

Operating Income

$50M +120.4% ▲

5Y CAGR: +53.8%

Net Income

$32M +57.2% ▲

EPS (Diluted)

$4.36 +58.0% ▲

EBITDA

$60M +53.4% ▲

5Y CAGR: +48.1%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$167M	$173M	$203M	$255M	$297M
YoY Growth	+16.1%	+3.9%	+17.3%	+25.3%	+16.5%
Cost of Revenue	$148M	$155M	$168M	$200M	$220M
Gross Profit	$19M	$18M	$35M	$55M	$77M
Gross Margin	11.5%	10.7%	17.4%	21.6%	25.9%
R&D Expenses	$19M	$19M	$23M	$25M	$25M
SG&A Expenses	$7M	$7M	$9M	$11M	$1M
Operating Expenses	$17M	$19M	$22M	$32M	$27M
Operating Income	$2M	-$121K	$13M	$23M	$50M
Operating Margin	1.2%	-0.1%	6.6%	8.8%	16.7%
Interest Expense	$2M	$2M	$3M	$3M	$3M
Income Before Tax	$5M	$4M	$9M	$25M	$43M
Tax Expense	$4M	$2M	$3M	$5M	$12M
Net Income	$989K	$2M	$6M	$20M	$32M
Net Margin	0.6%	0.9%	2.9%	7.9%	10.7%
EPS (Diluted)	$0.14	$0.22	$0.80	$2.76	$4.36
EBITDA	$16M	$17M	$24M	$39M	$60M
Shares Outstanding	7M	7M	7M	7M	7M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$67M	$72M	$67M	$72M	$74M	$84M	$79M	$83M
Cost of Revenue	$49M	$50M	$49M	$50M	$49M	$56M	$55M	$56M
Gross Profit	$18M	$22M	$18M	$23M	$26M	$28M	$24M	$27M
Gross Margin	27.4%	30.1%	26.7%	31.2%	34.4%	33.4%	30.7%	32.9%
R&D Expenses	$0	$25M	$0	$0	$0	$0	$0	$0
SG&A Expenses	$11M	$489K	$10M	$0	$10M	$14M	$10M	$14M
Operating Expenses	$10M	$14M	$10M	$16M	$10M	$11M	$9M	$12M
Operating Income	$8M	$8M	$8M	$7M	$16M	$17M	$15M	$16M
Operating Margin	12.2%	11.1%	11.9%	9.5%	21.0%	20.3%	19.4%	19.1%
Interest Expense	$1M	$2M	$1M	$2M	$675K	$2M	$728K	$564K
Income Before Tax	$7M	$7M	$7M	$5M	$15M	$16M	$15M	$16M
Tax Expense	$2M	-$324K	$2M	$2M	$5M	$3M	$5M	$5M
Net Income	$5M	$7M	$5M	$4M	$10M	$13M	$10M	$11M
Net Margin	7.5%	10.1%	7.4%	5.3%	13.8%	15.3%	13.1%	13.3%
EPS (Diluted)	$0.69	$1.00	$0.67	$0.52	$1.40	$1.76	$1.42	$1.51
EBITDA	$11M	$12M	$11M	$7M	$18M	$20M	$18M	$19M
Shares Outstanding	7M	7M	7M	7M	7M	7M	7M	7M

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