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Brera Holdings PLC (SLMT) stock

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NASDAQ: SLMT Nasdaq Systems Software

Brera Holdings PLC is a US-listed company in the systems software industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds18 adding, 0 cuttingOf 5 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Brera Holdings files

Where Brera stands after its latest Filing

Revenue for the twelve months was $5m, up 292.7% on a year earlier, faster than the 283.7% growth a quarter earlier.

Our model value for Brera Holdings is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Brera Holdings PLC's trailing-twelve-month revenue grew 292.7% year on year, with a free-cash-flow margin of -238.1%.

Current signal Net margin expanding: TTM net margin reached 8390.3%, up 8019.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 292.7% over the last 12 months.
  • Growth speeding up. The growth rate is 9.0 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -8575.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8219.7 points on a year ago.
  • Burning cash. Free cash flow was -238.1% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 6001.9% of revenue: a real cost that cash-flow figures leave out.
  • Weak cash conversion. Free cash flow was -3% of net income over the last 12 months.

Price chart

  • 1 day-9.1%
  • 1 week-10.0%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.1M
Operating margin
-8575.2%
Net margin
8390.3%

Growth

Revenue growth
+292.7%
Change in growth rate
+9.0 pts

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for SLMT from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

No model value for Brera Holdings PLC at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Brera Holdings PLC: too few analysts cover it.

Positioning

Short interest
3.2%
of tradable shares
Days to cover
2.2
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
21%
of shares
Held by insiders
48.6%
of shares
Employees
19
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Brera Holdings PLC
$0 $2M $4M $6M FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $245K Revenue (TTM), FY21 Q4: $497.1K Revenue (TTM), FY22 Q4: $171.1K Revenue (TTM), FY23 Q4: $336.4K Revenue (TTM), FY24 Q4: $1.3M Revenue (TTM), FY25 Q4: $5.1M $5.1M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY20 Q4 $245K
FY21 Q4 $497.1K
FY22 Q4 $171.1K
FY23 Q4 $336.4K
FY24 Q4 $1.3M
FY25 Q4 $5.1M
Revenue growth, TTM YoY Brera Holdings PLC
-100% 0% 100% 200% 300% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: 102.9% Revenue growth, TTM YoY, FY22 Q4: -65.6% Revenue growth, TTM YoY, FY23 Q4: 96.6% Revenue growth, TTM YoY, FY24 Q4: 283.7% Revenue growth, TTM YoY, FY25 Q4: 292.7% 292.7%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 102.9%
FY22 Q4 -65.6%
FY23 Q4 96.6%
FY24 Q4 283.7%
FY25 Q4 292.7%
Operating margin (TTM) Brera Holdings PLC
-10000% -5000% 0% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: -4.7% Operating margin (TTM), FY21 Q4: -1.7% Operating margin (TTM), FY22 Q4: -755.3% Operating margin (TTM), FY23 Q4: -1204.8% Operating margin (TTM), FY24 Q4: -355.5% Operating margin (TTM), FY25 Q4: -8575.2% -8575.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY20 Q4 -4.7%
FY21 Q4 -1.7%
FY22 Q4 -755.3%
FY23 Q4 -1204.8%
FY24 Q4 -355.5%
FY25 Q4 -8575.2%
FCF margin (TTM) Brera Holdings PLC
-1000% -500% 0% 500% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: 2.5% FCF margin (TTM), FY22 Q4: -565.6% FCF margin (TTM), FY23 Q4: -995.2% FCF margin (TTM), FY24 Q4: -253.1% FCF margin (TTM), FY25 Q4: -238.1% -238.1%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY21 Q4 2.5%
FY22 Q4 -565.6%
FY23 Q4 -995.2%
FY24 Q4 -253.1%
FY25 Q4 -238.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Brera Holdings PLC: annual financial statements
Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 0 0 0 0 1 5
Gross profit 0 0 0 1 3 —
EBITDA −0 0 −1 −4 −4 −433
Operating income −0 −0 −1 −4 −5 −435
Net income 0 −0 1 5 5 425
Growth (year on year)
Revenue — +102.9% −65.6% +96.6% +283.7% +292.7%
EBITDA — — <−999% — — —
Net income — — — +271.4% −0.2% +>999%
Margins
Gross margin 88.4% 93.1% 44.4% — — —
EBITDA margin −3.2% 14.7% −696.0% <−999% −348.4% <−999%
Operating margin −4.7% −1.7% −755.3% <−999% −355.5% <−999%
Net margin 1.2% −20.7% 755.4% >999% 371.2% >999%
Free-cash-flow margin — 2.5% −565.6% −995.2% −253.1% −238.1%
Cash flow
Cash from operations 0 0 −1 −3 −3 −12
Capital spending — 0 0 0 0 0
Free cash flow — 0 −1 −3 −3 −12
Stock-based pay — — — 0 1 304
Free cash flow after stock pay — — — −4 −4 −316
Balance sheet
Cash — 0 0 2 2 19
Total debt — 0 0 0 — 0
Net debt (negative = net cash) — −0 −0 −2 −2 −19
Returned to shareholders
Dividends 0 0 0 — — —
Total returned 0 0 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Days sales outstanding
348 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in systems software
Growth, margins and cash generation against peers
Last 12 months unless stated SLMT OWLS QBTS RGTI ATGL HUBC Median
Revenue, last 12 months $5m $8m $12m $13m $948865 $32m $1.1bn
Revenue growth, last 12 months 292.7% 3.9% −44.2% 68.5% −40.0% 7.1% 17.4%
Revenue growth, 3-year average — — 19.0% −2.5% — — 16.1%
Revenue growth, latest quarter — — −0.6% 185.3% — — 19.6%
Gross margin 44.4% 2.6% 64.2% 34.6% 49.2% 16.7% 68.6%
Operating margin <−999% −409.8% <−999% −727.6% −770.5% −222.0% 3.6%
Operating margin, 3-year average — — −810.3% −744.1% — — 4.0%
Net margin >999% −405.2% <−999% <−999% −952.0% −378.3% 2.5%
Cash from operations / revenue −237.8% −146.7% −892.4% −454.7% −177.9% −99.2% 16.6%
Free-cash-flow margin −238.1% −153.5% −963.8% −655.9% −188.5% −99.3% 14.6%
Free-cash-flow margin, 3-year average — — −598.1% −638.3% — — 18.8%
Stock pay / revenue >999% 217.7% 250.5% 170.7% 585.4% 10.1% 8.5%
Change in share count — — 40.1% 28.9% 10.0% 537.5% 2.7%

Median of all 38 companies we cover in systems software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Reported value
$11.7M
Institutions reporting
19
Positions opened / closed
18 / 0

Top buyers and sellers, Q2 2026: 18 institutions bought and 0 sold ; the biggest buyer was Electric Capital Partners, LLC (+650K shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Electric Capital Partners, LLC $3.3M 650K 28.0% —
Anatole Investment Management Ltd $2.5M 492K 21.2% —
Qube Research & Technologies Ltd $1.6M 312K 13.5% —
Citadel Advisors LLC $1.3M 257K 11.1% —
Alyeska Investment Group, L.P. $1M 199K 8.6% —
Arrington Capital Management, LLC $556,114 110K 4.7% —
Cantor Fitzgerald, L. P. $530,130 105K 4.5% —
UBS Group AG $244,621 48K 2.1% —
Weiss Asset Management LP $163,084 32K 1.4% —
K2 Principal Fund, L.P. $124,096 25K 1.1% —
Schonfeld Strategic Advisors LLC $110,924 22K 0.9% —
Cable Car Capital, LP $87,143 17K 0.7% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Brera Holdings PLC's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Maimon Keren Kalima Director May 21, 2026 Buy 1,149,000 $4.97 $5.7M
Sade Ron Chief Executive Officer May 21, 2026 Buy 1,149,000 $4.97 $5.7M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Brera Holdings PLC was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Brera Holdings PLC in brief

What does Brera Holdings PLC do?
Brera Holdings PLC is a US-listed company in the systems software industry. Its financial year ends in December.
What is Brera Holdings PLC's stock ticker?
Brera Holdings PLC trades under the ticker SLMT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Brera Holdings PLC's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Brera Holdings PLC reported revenue of $5.1M, 292.7% higher than a year earlier, according to its SEC filings.
What is Brera Holdings PLC's free cash flow?
Brera Holdings PLC's free-cash-flow margin is -238.1% of revenue over the trailing twelve months.
Who are Brera Holdings PLC's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Electric Capital Partners, LLC, Anatole Investment Management Ltd and Qube Research & Technologies Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Brera Holdings PLC's competitors?
In our Systems Software peer group, the companies closest to Brera Holdings PLC are Obook Holdings Inc., D-wave Quantum Inc., Rigetti Computing, Inc., Alpha Technology Group Ltd and Hub Cyber Security Ltd. The side-by-side comparison below sets their revenue, margins and growth against Brera Holdings PLC's.
Are insiders buying or selling Brera Holdings PLC stock?
Over the last 12 months, Brera Holdings PLC's directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.