German cybersecurity firm Cyan H1 prelim revenue rises on surge in end-customer base
German cybersecurity firm Cyan H1 prelim revenue rises on surge in end-customer base
Overview
Germany cybersecurity provider's preliminary H1 revenue rose 11% yr/yr to EUR 4.9 mln
Preliminary EBITDA positive but declined due to planned investments and prior-year one-time effects
Company confirmed 2026 outlook for higher revenue and positive EBITDA
Outlook
Cyan expects 2026 revenue between EUR 10.2 mln and EUR 11.5 mln
Company anticipates 2026 EBITDA to be positive but below 2025 level due to investments
Cyan says high recurring revenue and investments support its 2026 outlook
Result Drivers
END-CUSTOMER GROWTH - Co said a 30% increase in end-customer base drove revenue growth
RECURRING REVENUE - Co maintained recurring revenue at 96%, providing stability
PLANNED INVESTMENTS - EBITDA declined due to planned investments in cybersecurity solutions, sales, and market development
Company press release: ID:nEQ7Jrygha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 4.9 mln |
|
H1 EBITDA |
| EUR 200,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Cyan AG is €4.35, about 117.5% above its August 31 closing price of €2.00
The stock recently traded at 187 times the next 12-month earnings vs. a P/E of 250 three months ago
Reuters Recommended Reads
Aug 31 - Foreign investment in Germany rose 50% in 2025, IW says
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)