Substrate Artificial Inteligence (XMAD:SAI.B) EBITDA Margin %: -62.07% (As of Dec. 2025)


XMAD:SAI.B Substrate Artificial Inteligence SA XMAD:SAI.B
6 GF Score
Price €0.13
GF Value €0.53
Valuation Possible Value Trap
! 7 Warning Signs
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What is Substrate Artificial Inteligence EBITDA Margin %?

Substrate Artificial Inteligence XMAD:SAI.B 6 EBITDA Margin % is -62.07% as of Dec. 2025. GuruFocus rates XMAD:SAI.B with a GF Score™ of 6/100 and a GF Value™ of €0.53 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,818 Software companies, Substrate Artificial Inteligence ranks worse than 81.69% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Substrate Artificial Inteligence's EBITDA for the six months ended in Dec. 2025 was €-6.17 Mil. Substrate Artificial Inteligence's Revenue for the six months ended in Dec. 2025 was €9.93 Mil. Therefore, Substrate Artificial Inteligence's EBITDA margin for the quarter that ended in Dec. 2025 was -62.07%.


Substrate Artificial Inteligence  (XMAD:SAI.B) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Substrate Artificial Inteligence EBITDA Margin % Related Terms


Substrate Artificial Inteligence EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Substrate Artificial Inteligence's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Substrate Artificial Inteligence EBITDA Margin % Chart

Substrate Artificial Inteligence Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
-25.50 -483.23 -72.95 65.26 -25.05

Substrate Artificial Inteligence Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only -80.34 32.93 86.22 20.42 -62.07

XMAD:SAI.B vs MSFT, ORCL, PLTR: EBITDA Margin % Comparison

For the Software - Infrastructure subindustry, Substrate Artificial Inteligence's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Substrate Artificial Inteligence EBITDA Margin % vs Software Industry

For the Software industry and Technology sector, Substrate Artificial Inteligence's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Substrate Artificial Inteligence's EBITDA Margin % falls into.


XMAD:SAI.B
6GF Score
Substrate Artificial Inteligence SA XMAD:SAI.B
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Substrate Artificial Inteligence EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Substrate Artificial Inteligence's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-4.514/18.018
=-25.05 %

Substrate Artificial Inteligence's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-6.166/9.934
=-62.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of -62.07% mean?
Substrate Artificial Inteligence (XMAD:SAI.B) has a EBITDA Margin % of -62.07% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Substrate Artificial Inteligence and its competitors. According to the industry distribution chart, Substrate Artificial Inteligence ranks #2302 out of 2818 companies in the Software industry, placing it in the top 81.7%.
Is Substrate Artificial Inteligence's EBITDA Margin % too high?
Substrate Artificial Inteligence's current EBITDA Margin % is -62.07%. Based on the distribution chart, Substrate Artificial Inteligence ranks #2302 out of 2818 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Substrate Artificial Inteligence has a GF Score™ of 6/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Substrate Artificial Inteligence's EBITDA Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Substrate Artificial Inteligence ranks #2302 out of 2818 companies for EBITDA Margin %. This places Substrate Artificial Inteligence in the lower half of its industry. The industry median EBITDA Margin % is 8.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Substrate Artificial Inteligence and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Substrate Artificial Inteligence's current EBITDA Margin % is -62.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Substrate Artificial Inteligence stock overvalued right now?
Based on GuruFocus' analysis, Substrate Artificial Inteligence (XMAD:SAI.B) is currently considered Possible Value Trap. The stock's GF Value™ is €0.53, compared to a current price of €0.13 — trading 75.1% below its estimated fair value. The current EBITDA Margin % is -62.07%. Substrate Artificial Inteligence's overall GF Score™ is 6/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Substrate Artificial Inteligence (XMAD:SAI.B), the current EBITDA Margin % is -62.07% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Substrate Artificial Inteligence (XMAD:SAI.B) Overvalued in 2026?

Based on GuruFocus' analysis, Substrate Artificial Inteligence stock appears to be undervalued. The current stock price of €0.13 is trading 75.1% below its estimated GF Value™ of €0.53. GuruFocus considers Substrate Artificial Inteligence to be Possible Value Trap.

Key valuation signals for XMAD:SAI.B:

  • EBITDA Margin %: -62.07%
  • GF Value™: €0.53 vs. price of €0.13 (75.1% below fair value)
  • GF Score™: 6/100 with 7 warning signs

No single metric tells the full story. See the XMAD:SAI.B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Substrate Artificial Inteligence Business Description

Address C/ Maria de Molina, 41, Office 503, Madrid, ESP, 28006
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.
6GF Score

Get the complete analysis for XMAD:SAI.B

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.13
Price
€0.53
GF Value