Substrate Artificial Inteligence (XMAD:SAI) FCF Margin %: -32.02% (As of Dec. 2025)


What is Substrate Artificial Inteligence FCF Margin %?

Substrate Artificial Inteligence XMAD:SAI +0.80% FCF Margin % is -32.02% as of Dec. 2025. The stock has 7 warning signs investors should review. Among 2,814 Software companies, Substrate Artificial Inteligence ranks worse than 79.99% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Substrate Artificial Inteligence's Free Cash Flow for the six months ended in Dec. 2025 was €-3.18 Mil. Substrate Artificial Inteligence's Revenue for the six months ended in Dec. 2025 was €9.93 Mil. Therefore, Substrate Artificial Inteligence's FCF Margin % for the quarter that ended in Dec. 2025 was -32.02%.

As of today, Substrate Artificial Inteligence's current FCF Yield % is -22.12%.

The historical rank and industry rank for Substrate Artificial Inteligence's FCF Margin % or its related term are showing as below:

XMAD:SAI' s FCF Margin % Range Over the Past 10 Years
Min: -104.63   Med: -51.78   Max: -19.04
Current: -26

During the past 5 years, the highest FCF Margin % of Substrate Artificial Inteligence was -19.04%. The lowest was -104.63%. And the median was -51.78%.

XMAD:SAI's FCF Margin % is ranked worse than
79.99% of 2814 companies
in the Software industry
Industry Median: 2.41 vs XMAD:SAI: -26.00

Substrate Artificial Inteligence FCF Margin % Related Terms

Substrate Artificial Inteligence FCF Margin % Historical Data

* Premium members only.

The historical data trend for Substrate Artificial Inteligence's FCF 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 FCF Margin % Chart

Substrate Artificial Inteligence Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
-104.63 -86.16 -51.78 -19.04 -26.00

Substrate Artificial Inteligence Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.38 -48.40 0.00 -18.59 -32.02

XMAD:SAI vs MSFT, ORCL, PLTR: FCF Margin % Comparison

For the Software - Infrastructure subindustry, Substrate Artificial Inteligence's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Software Industry

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

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


Substrate Artificial Inteligence FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-4.684/18.018
=-26.00 %

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

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-3.181/9.934
=-32.02 %

* 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 FCF Margin % →
What does a FCF Margin % of -32.02% mean?
Substrate Artificial Inteligence (XMAD:SAI) has a FCF Margin % of -32.02% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Substrate Artificial Inteligence and its competitors. According to the industry distribution chart, Substrate Artificial Inteligence ranks #2251 out of 2814 companies in the Software industry, placing it in the top 80%.
Is Substrate Artificial Inteligence's FCF Margin % too high?
Substrate Artificial Inteligence's current FCF Margin % is -32.02%. Based on the distribution chart, Substrate Artificial Inteligence ranks #2251 out of 2814 companies in the Software industry, which is in the bottom quartile relative to peers.
How does Substrate Artificial Inteligence's FCF Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Substrate Artificial Inteligence ranks #2251 out of 2814 companies for FCF Margin %. This places Substrate Artificial Inteligence in the lower half of its industry. The industry median FCF Margin % is 2.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,814 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Substrate Artificial Inteligence and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Substrate Artificial Inteligence's current FCF Margin % is -32.02%. 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) is currently considered Possible Value Trap. The stock's GF Value™ is €0.20, compared to a current price of €0.03 — trading 87.4% below its estimated fair value. The current FCF Margin % is -32.02%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Substrate Artificial Inteligence (XMAD:SAI), the current FCF Margin % is -32.02% 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.

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.