France's Verimatrix 2025 sales fall, hurt by lower non-recurring revenue

Verimatrix SA

12/03/2026 16:57

Overview

France user security provider's 2025 revenue fell 19% yr/yr, recurring revenue declined 3%

Adjusted EBITDA for 2025 was nearly break-even, down from a positive result in 2024

Outlook

Verimatrix targets resumption of growth, higher EBITDA, and positive cash flow by 2028

Result Drivers

XTD PRODUCT LINE DIFFICULTIES - Co said revenue fell short due to challenges establishing XTD in the mobile protection market

DECLINE IN MAINTENANCE AND NON-RECURRING REVENUE - Co said increased subscription revenue was not enough to offset lower maintenance and non-recurring revenue, including a structural drop in set-top box royalties and delayed perpetual license sales in Latin America

Company press release: ID:nBwbbKX7sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$46.5 mln
$47.10 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Verimatrix SA is €0.22, about 12.5% above its March 11 closing price of €0.20

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(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.)