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Boleron ADXBUL:BLRN 6 Gross Margin % is -11.92% as of Dec. 2025. GuruFocus rates XBUL:BLRN with a GF Score™ of 6/100. The stock has 2 warning signs investors should review. Among 2,690 Software companies, Boleron AD ranks worse than 98.14% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Boleron AD's Gross Profit for the
six
months ended in Dec. 2025 was €-0.03 Mil. Boleron AD's Revenue for the
six
months ended in Dec. 2025 was €0.26 Mil. Therefore, Boleron AD's Gross Margin % for the quarter that ended in Dec. 2025 was -11.92%.
The historical rank and industry rank for Boleron AD's Gross Margin % or its related term are showing as below:
XBUL:BLRN'
s Gross Margin % Range Over the Past 10 Years
Min: -197.73 Med: -111.29 Max: -36.69
Current: -36.69
During the past 3 years, the highestGross Margin % of Boleron AD was -36.69%. The lowest was -197.73%. And the median was -111.29%.
XBUL:BLRN's Gross Margin % is ranked worse than 98.14% of 2690
companies
in the Software industry
Industry Median: 40.54
vs XBUL:BLRN: -36.69
Boleron AD had a gross margin of -11.92% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Boleron AD was 0.00% per year.
Boleron AD (XBUL:BLRN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Boleron AD had a gross margin of -11.92% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Boleron AD Gross Margin % Related Terms
Boleron AD Gross Margin % Historical Data
* Premium members only.
The historical data trend for Boleron AD's Gross 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.
Boleron AD Gross Margin % Chart
Boleron AD Annual Data
Trend
Dec23
Dec24
Dec25
Gross Margin %
-197.73
-111.29
-36.95
Boleron AD Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Gross Margin %
0.00
-243.59
-51.18
-87.40
-11.92
XBUL:BLRN vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Boleron AD's Gross Margin %, along with its competitors' market caps and Gross 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.
Boleron AD Gross Margin % vs Software Industry
For the Software industry and Technology sector, Boleron AD's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Boleron AD's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Boleron AD (XBUL:BLRN) has a Gross Margin % of -11.92% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Boleron AD and its competitors. According to the industry distribution chart, Boleron AD ranks #2640 out of 2690 companies in the Software industry, placing it in the top 98.1%.
Is Boleron AD's Gross Margin % too high?
Boleron AD's current Gross Margin % is -11.92%. Based on the distribution chart, Boleron AD ranks #2640 out of 2690 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Boleron AD has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Boleron AD's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Boleron AD ranks #2640 out of 2690 companies for Gross Margin %. This places Boleron AD in the lower half of its industry. The industry median Gross Margin % is 40.54. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.54, based on 2,690 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Boleron AD and its competitors. For the Software industry, the median Gross Margin % is 40.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boleron AD's current Gross Margin % is -11.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boleron AD stock overvalued right now?
Boleron AD (XBUL:BLRN) has a current Gross Margin % of -11.92%. The current Gross Margin % is -11.92%. Boleron AD's overall GF Score™ is 6/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Boleron AD (XBUL:BLRN), the current Gross Margin % is -11.92% 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.
Boleron AD is a software company that digitizes and automates various processes in insurance. The company is a digital insurance broker for online insurance in Bulgaria that offers Motor Casco Insurance, Civil Liability Insurance, Travel Abroad Insurance, Health Insurance, Mountain and Ski Insurance, Life Insurance (including investment) and Property Insurance, and among others.
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