Verve Group SE

VRV.DE

Software - Application · Technology

Price

€1.35

+0.06 (+4.23%)

Market Cap

€271.2M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+50.3% over 4y

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

Diluted shares outstanding: 141.7M (2021) → 213.0M (2025)

Winston Score History

The full picture

Verve Group is a digital advertising technology company. It builds software that helps app developers and website publishers earn money from ads, while also helping advertisers reach the right users on mobile devices and the internet. The company operates in the ad-tech industry and focuses heavily on privacy-friendly advertising, meaning it tries to target ads without relying on personal tracking data.

Verve makes money by taking a cut of the advertising spending that flows through its platform, which connects buyers and sellers of digital ad space. It operates mainly in North America and Europe and has grown partly through acquisitions of other ad-tech companies. Its focus on privacy-first technology is both its main competitive angle and a key risk — if industry privacy standards shift again or larger players like Google build similar tools, Verve could struggle to stand out in a crowded and fast-consolidating market.

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

+25.8% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

36.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€147M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Verve Group SE is growing revenue at 26% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

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.

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Quality

Profit per sale

Gross Margin

16.2%

Thin — 16.2% gross margin

Profit after running costs

Operating Margin

6.1%

Modest — 6.1% operating margin

Return on the money invested

ROCE

5.8%

Weak — 5.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+23.4%

Fast-growing sales (+23.4% YoY)

Profit growth

EPS YoY

-107.9%

Earnings shrinking (-107.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

3.0%

Thin free cash flow (3.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.44

Elevated debt (1.44)

Covers its interest

Interest Cover

0.89x

Dangerous — barely covers interest (0.9x)

Interest coverage below 1. Their profits don't cover the interest bill.

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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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