Bending Spoons

Software
Bending Spoons S.p.A. operates as a digital business consolidator, employing a hybrid model that blends private equity-style acquisitions with deep software engineering expertise. The company acquires established but often underperforming consumer and enterprise software brands and integrates them into its proprietary platform. Its diverse portfolio includes well-known productivity, creative, and media applications such as Evernote, Meetup, WeTransfer, Vimeo, AOL, Eventbrite, Brightcove, Remini, Splice, and StreamYard. Upon acquisition, Bending Spoons typically executes significant operational restructuring. This playbook involves centralizing infrastructure, reducing headcount, and rewriting legacy codebases using artificial intelligence tools and open-source software to improve efficiency. The company's revenue model is heavily focused on software-as-a-service (SaaS) and premium app subscriptions, transitioning acquired products away from ad-heavy or one-off purchase models toward recurring revenue streams. While specific segment breakdowns are not publicly detailed, the company's portfolio serves over 500 million monthly active users and more than 9 million monthly paying subscribers globally as of early 2026. Geographically, while headquartered and legally domiciled in Milan, Italy, Bending Spoons operates globally, with a significant portion of its user base and acquired brands originating in the United States and Europe. Its competitive position is defined by its highly disciplined capital allocation and proprietary technology stack, which allows it to rapidly scale and optimize distressed or stagnant digital assets. By applying rigorous cost discipline and technical modernization, Bending Spoons generates the cash flow necessary to fund its aggressive acquisition strategy, positioning itself as a unique roll-up vehicle in the global software industry.

$21.6B

Market Cap • 10/2/2026

NASDAQ

Listing Exchange

Flag of Italy

Italy

Country

Valuation

P/B

17,1

P/S

10,6

P/EBITDA

27,5

P/OCF

47,2

P/FCF

47,6

P/E

77,7

BVPS

1,9

EPS

0,4

Market Cap

Market Cap

21,6B

EV

25,7B

EV/Revenue

12,6

EV/EBITDA

32,7

EV/EBIT

47,3

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

-1,3%

Total Yield

-1,3%

Payout

0%

Profitability

Gross Margin

66,6%

EBITDA Margin

38,4%

EBIT Margin

26,6%

Net Margin

12,3%

D&A/EBITDA

0%

R&D/Revenue

10,3%

Capex/Revenue

0,2%

Capex/D&A

1,7%

Capex/OCF

0,9%

SBC/OCF

15,4%

% PPE

0,2%

% Goodwill

51,5%

ROE

39,9%

ROIC

11,9%

Leverage

N.D./EBITDA

5,2

Debt/Equity

0%

Current Ratio

0,6

Quick Ratio

0,5

Interest Coverage

187,2%

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