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cBrain A/S/€CBRAIN

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About cBrain A/S

cBrain A/S is a software company specializing in providing digital solutions for public administration and private organizations. The company's core product is F2, a digital government platform designed to support workflows and case management processes, facilitating efficient, paperless operations. Founded in Denmark, cBrain is headquartered in Copenhagen and primarily serves the European market. The company's strategic positioning is centered around its expertise in e-government solutions, supporting organizations in streamlining administrative processes. cBrain's focus on digital transformation aligns with broader trends in public sector modernization.
Ticker
€CBRAIN
Sector
Software & Cloud Services
Primary listing
XGAT
Employees
197
Headquarters
Copenhagen, Denmark
Website
cbrain.com

cBrain A/S Metrics

BasicAdvanced
€279M
44.88
€0.32
1.12
€0.13
0.93%

Bulls say / Bears say

cBrain raised its 2026 revenue growth forecast to 12–16% and its EBT margin forecast to 24–27%, after stronger business activity pointed to 19–27% second-half growth. That signals a firm recovery in both growth and profitability. (GlobeNewswire)
The first California state contract gives cBrain a foothold in the large US government market, while its Carahsoft partnership and NASA procurement listing make it easier for federal agencies to buy F2. Together, these steps create a more practical route to turning US interest into sales. (cBrain, cBrain)
New agreements in Turks and Caicos and Germany show F2 can be reused across different government needs and markets. The Turks and Caicos solution builds on cBrain’s earlier UAE tax-compliance work, supporting its strategy of growing through configurable standard software. (GlobeNewswire, GlobeNewswire)
International sales have yet to provide a dependable growth engine: they fell to DKK 29 million in the first half of 2026, and cBrain says its latest new agreements will not add significant revenue individually for the rest of the year. The growth case still depends on turning overseas wins into repeat business. (Investing.com, GlobeNewswire)
Government buying cycles make revenue uneven: Denmark’s prolonged government formation process slowed project activity in the first half, and cBrain says the final second-half growth outcome depends on delivery timing and revenue recognition. Delays could therefore quickly weaken the current outlook. (cBrain, GlobeNewswire)
F2 faces competition from much larger software providers and systems integrators with broader partner networks. Their AI development tools could make tailored alternatives cheaper and put pressure on cBrain’s pricing and ability to win new customers. (Dagens Aktie)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.