The AI firm specializing in cash flow management unveiled annual net income up 14% to 9 million euros and EBITDA up 22% to 13.4 million euros, bringing the margin to 22% on revenue growth of 12% to 61.4 million euros (+14% at constant exchange rates).

"Sidetrade posted solid 2025 results that beat expectations," noted Oddo BHF, highlighting effective control of operating expenses as well as an increase in R&D tax credits (CIR) over the period.

"As is its custom, the group did not provide specific numerical guidance for its short-term outlook, but the company remains resolutely more optimistic for 2026," the brokerage added.

Following a sharp de-rating, which led it to lower its price target from 290 to 195 euros, Oddo BHF reiterated its "outperform" rating, "especially since upcoming newsflow could reassure some investors and somewhat revive the stock."

"Execution will be key, however, and the new roadmap will likely be judged on its merits in a market where negative sentiment surrounding AI is overshadowing fundamentals and the narrative of software players," the analyst warned.