Stock

ENGAGE XR Holdings

EXR.L

Software - Application · Technology

Price

0.23 GBp

+0.00 (+0.00%)

Market Cap

1.2M GBp

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Sep 11, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+67.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 313.9M (2021) → 524.8M (2025)

§Winston Score History

The full picture

ENGAGE XR Holdings plc is a global specialist in virtual and augmented reality software solutions, primarily tailored for the education and simulated training sectors. Its core offering is the ENGAGE platform, a comprehensive online ecosystem dedicated to virtual learning and corporate instruction. This innovative platform equips educators and corporate trainers with the necessary tools to generate customized content for use within virtual classroom settings or immersive training simulations. Moreover, it provides extensive cross-platform compatibility, supporting a diverse range of hardware including PCVR, standalone VR devices, desktop PCs, Macs, and flagship Android and iPhone smartphones. Established in Waterford, Ireland, in 2014, the company previously operated under the name VR Education Holdings Plc before officially rebranding to ENGAGE XR Holdings plc in November 2021.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+24.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-19.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Cash Runway

~9 months

€2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

ENGAGE XR Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

95.1%

Premium pricing power — 95.1% gross margin

Profit after running costs

Operating Margin

-185.1%

Losing money on operations — -185.1%

Return on the money invested

ROCE

-198.6%

Weak — -198.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-32.0%

Shrinking sales (-32.0% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-94.5%

Burning cash (-94.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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