Bending Spoons S.p.A. (BSP) is a Technology stock trading at $34.12 (as of 2026-07-24), with a market capitalization of $10.70B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Understand Bending Spoons S.p.A.: how it makes money
Bending Spoons S.p.A. is a Technology Business Services company that generates revenue from its business operations.
Gross margin 68% converting into operating margin 20% suggests strong translation from sales to operating profit.
Business quality (Solid): Solid
Bull case
Revenue growth is accelerating: Quarterly revenue was $0.6B (+132% YoY), showing unusually strong top-line momentum for the quarter. If sustained, that level of growth can keep scaling the business.
Profitability stays structurally strong: The company reported gross margin of 68% and operating margin of 20%. That combination implies strong operating cost discipline after accounting for the cost of revenue.
Bear case
High growth may not last: Quarterly revenue of $0.6B (+132% YoY) is very elevated versus a normal run rate. If growth slows from these levels, operating performance could be pressured even if margins remain healthy.
Margins are vulnerable to shocks: Gross margin is 68% and operating margin is 20%, which leaves less room if gross margin declines or operating expenses rise. Any compression in the margin gap could reduce operating results quickly.
Valuation — source: SEC EDGAR (first-party)
Price
$34.12
Market Cap
$10.70B
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)
$1.31B
Revenue Growth (YoY)
132.2%
Valuation vs Sector & Industry
Sector P/E (Technology)
34.6
Industry P/E (Business Services)
29.7
Company
Sector
Technology
Industry
Business Services
Related Companies (SIC 7370 / Business Services; 8 closest by market cap; US-domiciled)