1. Denmark Stocks

  2. •

    Technology services

  3. •

    Packaged software
cBrain A/S

cBrain A/S

83.80
DKK
+0.80
(+0.96%)
949.50MMarket Cap
Feb 25Next Earn
cBrain A/S
CPH:CBRAIN
(Nasdaq Copenhagen)

Recent

price

83.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
DKK
1.42
1.89
1.95
2.17
2.74
3.43
3.59
4.13
4.28
4.94
6.14
7.84
9.61
12.23
13.69
12.85
- -
Revenue per Share
0.12
0.34
0.21
0.28
0.45
0.64
0.42
0.34
0.13
0.42
0.79
1.57
1.96
3.23
3.31
2.2
- -
Basic EPS, GAAP
-0.02
0.17
0.1
0.08
0.2
0.7
-0.48
-0.05
-0.32
0.62
1.31
1.51
-8.39
3.03
1.05
2.89
- -
Free Cash Flow per Basic Share
- -
- -
0.05
0.05
0.06
0.08
0.1
0.1
0.11
0.11
0.12
0.14
0.17
0.21
0.28
0.64
- -
Dividend per Share
1.58
1.92
2.09
2.34
2.75
3.27
4.05
4.36
4.37
4.7
5.42
6.89
8.67
11.72
14.75
16.28
16.64
Book Value per Share
1.08
1.23
1.23
1.3
1.58
2.01
2.65
2.75
2.65
2.76
3.18
4.38
5.85
8.41
11.29
12.62
12.88
Tangible Book Value per Share
19
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Basic Weighted Avg Shares
27
38
39
43
55
69
72
81
83
96
120
155
188
239
268
251
- -
Sales/Revenue/Turnover
11.47
23.61
14.38
17.43
20.91
24.23
15.44
10.95
4.07
11.28
17.31
25.03
26.28
35.71
32.99
23.37
- -
Operating Margin (%)
1
2
4
4
6
7
8
9
11
15
16
19
19
21
25
29
- -
Depreciation Expense
2
7
4
6
9
13
8
7
2
8
16
31
38
63
65
43
- -
Net Income, GAAP
25.16
24.94
25.16
25.43
21.04
22.21
22.59
22.15
22.25
24.91
22.69
20.48
21.55
22.34
24.64
23.43
- -
Effective Tax Rate (%)
8.79
17.96
10.79
13.03
16.55
18.66
11.75
8.29
2.99
8.41
12.93
20.05
20.42
26.41
24.2
17.16
- -
Profit Margin (%)
22
27
28
30
36
45
58
60
48
50
63
69
1
13
47
50
56
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
36
93
49
48
26
29
LT Debt
31
37
40
45
53
64
80
85
85
92
106
135
170
229
289
318
325
Total Equity
6.98
17.62
9.69
11.75
15.87
18.48
10.27
7.39
2.75
8.49
15.55
21.2
17.11
23.42
20.75
12.9
- -
Return on Invested Capital (%)
7.2
17.9
9.77
11.84
15.96
18.69
10.43
7.35
2.73
8.61
15.32
21.74
17.49
24.35
21.59
13.05
- -
Return on Capital (%)
8.18
20.07
10.86
13.22
18.44
21.81
11.66
8.07
2.93
9.15
15.71
25.75
25.22
31.69
25.04
14.21
- -
Return on Common Equity (%)

Capital Structure

DKK

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
4
2
2
LT Borrowings
45
26
25
LT Finance Leases
- -
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
4,206
2,202
949

Working Capital

DKK

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
114
84
116
Cash, Cash Equivalents & STI
30
42
37
Accounts Receivable, Net
73
31
59
Inventories
- -
- -
- -
Total Current Liabilities
61
34
60
Payables & Accruals
- -
- -
- -
ST Debt
4
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.84%
24.88%
10.32%
Free Cash Flow
-52.14%
-132.45%
176.02%
Net Income, GAAP
35.62%
31.41%
-33.47%
Sales/Revenue/Turnover
14.38%
16.67%
-6.17%
Total Cash Common Dividend
27.03%
45.05%
128.55%

Semi-annual Revenue

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
268
2025
- -
- -
251
2026
- -
- -
- -

Semi-annual Earnings Per Share

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.31
2025
- -
- -
2.2
2026
- -
- -
- -

Semi-annual Dividends Per Share

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.28
2025
- -
- -
0.64
2026
- -
- -
- -
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Business
cBrain A/S provides integrated software solutions for digital transformation in government, private, education, and non-profit sectors worldwide; its core offering is the F2 Digital Platform, a commercial off-the-shelf system combining case management, process management, knowledge management, records and document management, permitting, grants and subsidies, inspections and audits, HR, legal and contract management; specialized modules include F2 AI Assistant, F2 AI Expert, F2 Service Builder for digitizing administrative tasks, F2 Grant Management, F2 FOI Request for freedom of information handling, and climate software for environmental permitting and sustainability; the company delivers software subscriptions, SaaS, customization, maintenance, support, consultancy, education, and training services. Founded in 1999 and headquartered in Copenhagen, Denmark, cBrain operates across Europe, Africa, the Middle East, Asia, and North America, with offices in Berlin, Dubai, and India. Recent developments include winning a public tender in October 2025 for a national F2-based grant management system for Denmark's Secretariat for Competence Development, Aarhus City's adoption of F2 as its digital platform in October 2025, a September 2025 contract supporting Denmark's largest reforestation grant program with GIS integration, partnerships with UNDP for Africa's digital transformation and Elm for Saudi Arabia in late 2024, AI transformation projects in the UAE and proof-of-concept in Nigeria in 2024, and expansions into U.S. climate software for California and positioning for new environmental permitting standards in July 2025.