Bending Spoons S.p.A. (BSP) Financial Statements

Executive TeamFinancials

Bending Spoons S.p.A. financial statements at a glance

Bending Spoons S.p.A. reported revenue of $2.61 billion for fiscal year 2025 (ended December 31, 2025), up 288.7% from fiscal year 2024. Net income was $22.44 million, a net margin of 0.9%, and diluted earnings per share were $0.04.

At the end of fiscal year 2025 it had total assets of $4.76 billion, total liabilities of $3.76 billion and shareholders' equity of $994.86 million, with cash and short-term investments of $629.94 million and total debt of $2.68 billion.

Its operations brought in $290.60 million of cash; capital spending was $568,000, leaving free cash flow of $290.03 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

BSP logo

Bending Spoons S.p.A.

BSPItaly
USD (Local)

Income Statement

Annual • USD

Tax Effect of Unusual Items
0
Prev Year: 1.88M
YoY: -100.0%
Other Non-operating Income (expense)
11.53M
Prev Year: 10.09M
YoY: +14.2%
Net Non Operating Interest Income Expense
-368.11M
Prev Year: -44.57M
YoY: -725.9%
Non-operating Interest Expense
368.11M
Prev Year: 44.57M
YoY: +725.9%
Operating Income
508.76M
Prev Year: 127.35M
YoY: +299.5%
Gain on Sale of Securities
-
Prev Year: 11.97M
Operating Expense
1.23B
Prev Year: 301.50M
YoY: +308.9%
Research and Development
287.40M
Prev Year: 92.56M
YoY: +210.5%
Selling General and Administrative
945.52M
Prev Year: 208.94M
YoY: +352.5%
Selling and Marketing Expense
342.99M
Prev Year: 79.19M
YoY: +333.1%
General and Administrative Expense
602.53M
Prev Year: 129.75M
YoY: +364.4%
Other General and Administrative
602.53M
Prev Year: 129.75M
YoY: +364.4%
Gross Profit
1.74B
Prev Year: 428.85M
YoY: +306.1%
Cost of Revenue
866.82M
Prev Year: 242.20M
YoY: +257.9%
Total Revenue
2.61B
Prev Year: 671.05M
YoY: +288.7%
Operating Revenue
2.61B
Prev Year: 669.11M
YoY: +289.8%
Tax Rate for Calcs
0.272
Prev Year: 0.157
YoY: +73.2%
Normalized EBITDA
520.28M
Prev Year: 137.44M
YoY: +278.5%
Net Income from Continuing Operation Net Minority Interest
22.44M
Prev Year: 89.51M
YoY: -74.9%
Total Unusual Items
-
Prev Year: 11.97M
Reconciled Cost of Revenue
866.82M
Prev Year: 242.20M
YoY: +257.9%
Total Unusual Items Excluding Goodwill
-
Prev Year: 11.97M
EBITDA
520.28M
Prev Year: 149.41M
YoY: +248.2%
EBIT
520.28M
Prev Year: 149.41M
YoY: +248.2%
Net Interest Income
-368.11M
Prev Year: -44.57M
YoY: -725.9%
Interest Expense
368.11M
Prev Year: 44.57M
YoY: +725.9%
Normalized Income
22.44M
Prev Year: 79.42M
YoY: -71.7%
Net Income from Continuing and Discontinued Operation
22.44M
Prev Year: 89.51M
YoY: -74.9%
Total Expenses
2.10B
Prev Year: 543.70M
YoY: +286.2%
Total Operating Income as Reported
508.76M
Prev Year: 127.35M
YoY: +299.5%
Weighted Average Shares (diluted)
621.17M
Prev Year: 634.48M
YoY: -2.1%
Weighted Average Shares (basic)
581.00M
Prev Year: 597.62M
YoY: -2.8%
Diluted EPS
0.04
Prev Year: 0.141
YoY: -71.6%
Basic EPS
0.04
Prev Year: 0.15
YoY: -73.3%
Diluted NI Available to Com Stockholders
22.44M
Prev Year: 89.51M
YoY: -74.9%
Net Income Common Stockholders
22.44M
Prev Year: 89.51M
YoY: -74.9%
Net Income
22.44M
Prev Year: 89.51M
YoY: -74.9%
Noncontrolling Interests
68.0K
Prev Year: 516.0K
YoY: -86.8%
Net Income Including Non-Controlling Interests
22.37M
Prev Year: 89.00M
YoY: -74.9%
Net Income from Continuing Operations
22.37M
Prev Year: 89.00M
YoY: -74.9%
Provision for Income Taxes
129.80M
Prev Year: 15.84M
YoY: +719.4%
Pre-tax Income
152.17M
Prev Year: 104.84M
YoY: +45.2%
Other Income Expense
11.53M
Prev Year: 22.06M
YoY: -47.7%
Values in USD

Bending Spoons S.p.A. key figures by fiscal year

FY2025FY2024FY2023
Revenue$2.6B$671.1M$387.1M
Gross profit$1.7B$428.9M$236.5M
Operating income$508.8M$127.4M$84.3M
Net income$22.4M$89.5M$160.8M
Diluted EPS$0.04$0.14$0.25
Total assets$4.8B$1.9B$936.7M
Total liabilities$3.8B$1.2B$599.5M
Shareholders' equity$994.9M$636.2M$337.1M
Cash and short-term investments$629.9M$238.7M$289.1M
Total debt$2.7B$870.8M$392.7M
Operating cash flow$290.6M$204.9M$59.2M
Capital spending$568,000$163.1M$5.0M
Free cash flow$290.0M$41.8M$54.2M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2023.

Questions and answers

What was Bending Spoons S.p.A.'s revenue in fiscal year 2025?

$2.61 billion, up 288.7% from $671.05 million in fiscal year 2024.

How much profit does Bending Spoons S.p.A. make?

Bending Spoons S.p.A. reported net income of $22.44 million for fiscal year 2025 (0.9% of revenue); operating income was $508.76 million.

How much cash and debt does Bending Spoons S.p.A. have?

At the end of fiscal year 2025: cash and short-term investments of $629.94 million and total debt of $2.68 billion.

What is Bending Spoons S.p.A.'s free cash flow?

$290.03 million in fiscal year 2025 (operating cash flow of $290.60 million minus capital spending of $568,000).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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