Smartbroker Holding AG Enters Scaling Phase with Growth Potential

Smartbroker Holding AG is transitioning from an investment-heavy phase into a critical scaling stage. According to a GBC AG research report, the company's 2025 fiscal revenue grew by 30.1% to €68.28 million, surpassing initial forecasts. This growth was propelled by Smartbroker+, which saw its transactions business revenue increase significantly.

2025 saw an expanded customer base, with clients reaching over 259,000 and assets increasing to €14.7 billion. Despite high customer acquisition costs impacting earnings, the company achieved a positive EBITDA before these costs. The media segment remains a stable revenue source, showing growth potential.

For 2026, a moderate revenue rise to €70.00 million is expected, but challenges like high acquisition costs and competition may limit earnings growth. By 2027, Smartbroker plans to capitalize on its scaling business model, projecting a revenue increase to €83.00 million and a return to profitability.