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CLD GPW Periodic report · PAP Biznes

Cloud Technologies SA (CLD) · Q1 2026 results and valuation

Share price: 104.50 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 25 May 2026 and 26 May 2025

Revenue up 17.2% year on year. The report's language is unchanged.

Only a basic analysis is available for this company at the moment.

1 · Numbers

+17.2%

Revenue vs Q1 2025

Revenue 12.6M vs 10.7M

2 · How the report reads

Unchanged

Language tone vs last period

Report language: very upbeat for a company report — about as upbeat as in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

The new product did not have a significant impact on financial results in Q1 2026, accounting for approximately 3% of revenue in March.

Valuation

Is Cloud Technologies SA undervalued?

Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

At 0.2% growth a year (3-year revenue growth), the model's fair value is 41.73 zł a share — the stock trades 150% above it. Today's price assumes 13.0% growth a year.

Current price

104.50 zł

close of 2026-11-10

Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.

+13.0% for 10 yrs

Fair value / share

41.73 zł

Buy below

31.30 zł

Price vs fair value

Overvalued 150%

Price vs buy-below price

Overvalued >200%

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q1 2025.

Report language Very upbeat (was upbeat)

Very upbeat for a company report — about as upbeat as in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“The following categories of the Group's results were subjected to normalization:”
“In order to ensure the continued dynamic development of the Group, the strategy assumes: (a) a focus on increasing data sales, both organically, through partnerships, and through acquisitions; (b) research and development, as a source of competitive advantages;...”

Full figures

PLN · PAP Biznes report (2026-05-25)

Metric Q1 2026 Q1 2025 Change
Revenue 12.6M 10.7M +17.2%
Net income 1.7M 66.3K +2461.1%
P/E today 65.9 40.3 20.0 +20.3

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • In the board's assessment, the implementation of the adopted Strategy may contribute to an increase in key changes in the sales model as…
  • Comparative period data, including the geographical sales structure, have been reclassified according to the new classification.
  • As part of the 2026+ strategy, the parent company presented a new product called Data Curation, which constitutes a new form of data sales.
  • New Total cash flow in the period amounted to +4.2 million
  • The seasonality of operations in the case of data sales is consistent with the seasonality of the entire online advertising market.

Faded since Q1 2025

  • Fading This tool, based on AI language models (LLMs), allows marketers and agencies to prepare precise audience segments for targeting in online…
  • Dropped At the same time, starting from April 2025, the Group will begin further research and development work aimed at improving the technology…
  • Dropped The company possesses technology that supports both 3rd party cookies, as well as the latest cookieless solutions.
  • Dropped The condition precedent includes, among others, the transfer of the trade contracts specified in the agreement from the Selling Entity to…

Latest announcements

Official filings, newest first.

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