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Verve Group

18.59 SEK

+1.58 %

1,260 following

VER

First North Stockholm

Software

Technology

Overview
Financials & Estimates
Ownership
Investor consensus
Compare
+1.58 %
-14.33 %
-27.67 %
-31.75 %
-48.00 %
-52.39 %
+1.31 %
-18.11 %
+33.26 %

Verve (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with the mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe. Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.

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Market cap
3.72B SEK
Turnover
3.78M SEK
P/E (adj.) (25e)
9.71
EV/EBIT (adj.) (25e)
7.65
P/B (25e)
0.69
EV/S (25e)
1.27
Dividend yield-% (25e)
-
Coverage
Recommendation
Buy
Target price
26.00 SEK
Updated
2025-11-19
Disclaimer
 Christoffer Jennel
Christoffer Jennel

Analyst

Latest research

Latest analysis report

Released: 2025-11-19

Latest extensive report

Released: 2024-07-05

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19/2
2026

Annual report '25

20/5
2026

Interim report Q1'26

18/8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
All
Research
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3rd party
ShowingAll content types
A sit-down with CEO Remco Westermann37:35
Video12/12/2025, 8:09 AM by
Christoffer Jennel

A sit-down with CEO Remco Westermann

In this interview, we sit down with Verve Group’s CEO Remco Westermann reflecting on 2025 and the path forward.

Verve Group
Regulatory press release12/9/2025, 7:50 PM

Verve Group omklassificerar uppskjuten köpeskilling med betalningsneutrala justeringar i kassaflödesanalysen för Q3 2025

Verve Group
Regulatory press release12/9/2025, 7:50 PM

Verve Group reclassifies deferred purchase price payment resulting in cash-neutral adjustments in the Q3 2025 cash flow statement

Verve Group

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Regulatory press release11/28/2025, 7:00 PM

Verve Group SE: Number of Shares and Votes in Verve Group SE

Verve Group
Analytikerintervju: Verve & HomeMaid28:02
Video11/20/2025, 12:30 PM by
Jesper Hagman, Christoffer Jennel

Analytikerintervju: Verve & HomeMaid

Vi dyker ner i de senaste analyserna av HomeMaid och Verve efter deras Q3-rapporter. Hur har den starka RUT-marknaden påverkat HomeMaid och hur har återhämtningen gått för Verve efter plattformsavbrottet i Q2? Alla svar får du i intervjun!

Verve GroupHomeMaid
Regulatory press release11/19/2025, 8:00 PM

Verve Group SE announces that the total number of shares of the company increases following the issuance of new shares to service parts of the employee stock option program

Verve Group
Verve Q3'25: Investor trust put to test
Research11/19/2025, 7:12 AM by
Christoffer Jennel

Verve Q3'25: Investor trust put to test

Following the Q3 report, we have made downward adjustments to our estimates.

Verve Group
Verve Q3’25 flash comment: Results below expectations though customer base remains intact
Analyst Comment11/18/2025, 7:49 AM by
Christoffer Jennel

Verve Q3’25 flash comment: Results below expectations though customer base remains intact

Verve's Q3 results fell short of our expectations

Verve Group
Regulatory press release11/18/2025, 5:00 AM

Verve Group SE ligger fortsatt i linje med helårsprognosen i tredje kvartalet och visar stark start på fjärde kvartalet 2025

Verve Group
Regulatory press release11/18/2025, 5:00 AM

Verve Group SE remains on track for full year guidance in third quarter and records strong start into fourth quarter 2025

Verve Group
Regulatory press release11/13/2025, 6:30 PM

Verve Group SE: Appointment of Nomination Committee

Verve Group
Verve Q3'25 preview: Pace of recovery and customer base in focus
Analyst Comment11/13/2025, 4:45 PM by
Christoffer Jennel

Verve Q3'25 preview: Pace of recovery and customer base in focus

We expect the company to show flat organic growth, reflecting both the ongoing recovery from the SSP platform unification challenges that impacted Q2 and significantly tougher year-on-year comparisons.

Verve Group
Press release11/13/2025, 1:00 PM

Modular Finance IR Consensus: Verve – Consensus estimates Q3 2025

Verve Group
Regulatory press release9/30/2025, 8:00 PM

Number of shares and votes in Verve Group SE

Verve Group
Press release9/22/2025, 9:34 AM

Redeye: Verve Group - Two acquisitions in two days

Verve Group
Verve: Strategic acquisitions support valuation
Research9/19/2025, 5:51 AM by
Christoffer Jennel

Verve: Strategic acquisitions support valuation

We consider the acquired valuation levels moderate and view the acquisitions as a good strategic fit, enhancing Verve’s European footprint, expanding its demand-side, and strengthening its data capabilities.

Verve Group
Verve Group, Press Conference, 2025
Webcast9/18/2025, 7:00 AM

Verve Group, Press Conference, 2025

Verve Group förvärvar Captify, stärker sin verksamhet på efterfrågesidan och säkrar en av de största datamängderna för sökningar på webbplatser utanför Walled Gardens. 

Verve Group
Verve continues with acquisitions and strengthens its demand side
Analyst Comment9/18/2025, 6:22 AM by
Christoffer Jennel

Verve continues with acquisitions and strengthens its demand side

Considering the annualized impact of this deal, and in combination with the Acardo acquisition announced earlier this week, we will get back with updated estimates in the near future.

Verve Group
Press release9/17/2025, 3:35 PM

Verve Group förvärvar Captify, stärker sin verksamhet på efterfrågesidan och säkrar en av de största datamängderna för sökningar på webbplatser utanför Walled Gardens

Verve Group
Press release9/17/2025, 3:35 PM

Verve Group acquires Captify, strengthening its Demand Side business and securing one of the largest onsite search datasets outside Walled Gardens

Verve Group
Forum discussions
Hi everyone! We have just published a longer interview with CEO Remco Westermann. Hope you enjoy it! Inderes A sit-down with CEO Remco Westermann - Inderes Time: 2025-12-12 09:09 In this interview, we sit down with Verve Group’s CEO Remco Westermann reflecting on 2025 and the path...
12/12/2025, 8:15 AM
by Jesper Hagman
63
1. What is the one thing Verve is currently failing at and how do you plan to fix it within 90 days? 2. Compared to your peers last year, growth and margins are lagging: what are you doing concretely that you didn’t do last year? 3. Which part of the business is currently unprofitable...
12/4/2025, 1:12 PM
by Putti
24
The questions are partly formulated in a moderately passive-aggressive way, but I’m sure Christoffer will make them presentable
12/4/2025, 2:00 PM
by Vara-Paavi
21
The questions were really well formulated, the answers were also good, and this was a clear relief for the market. Many investors had many unanswered questions, to which good answers were now provided. Could you make this a tradition, having a short interview after every quarter?...
12/12/2025, 6:28 PM
18
Factoring: Why was Factoring used less than usual in Q3? What is the overall strategy for factoring in the long run? Can it be reduced, or is it inherent to the nature of the business? Cash Flow: Why is cash flow so weak? When will it improve, and what are the drivers? What is the...
12/7/2025, 9:53 PM
16
Hi @Putti! Thanks, glad it’s appreciated! @Geologiopiskelija is touching on some of the underlying factors, and in addition to that, I can also add that Verve’s change in revenue recognition, which was communicated in Q3, also affects the revenue increase in 2026, but should be seen...
16 hours ago
by Christoffer Jennel
14
Especially this year’s cash flow has been weak. Regarding the cash flow profile, one could ask for more details on how working capital evolves within the year; basic business capex and other related themes are of interest. If believing in growth and profitability targets, then what...
12/3/2025, 8:28 PM
by yellowbeak
10
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