Market cap
$199.4m
End-of-day close multiplied by current shares on issue.
ERD · NZX
EROAD is an NZX-listed technology / transport software company with FY23 - FY26 of published result briefings.
Snapshot
FY26, released 25 May 2026
| Metric | Value | Change |
|---|---|---|
| Revenue | $195.2m | ↑ +0.4% |
| EBITDA | $0m | — |
| NPAT | $0m | — |
| Operating cash flow | $30.3m | ↓ -29.9% |
| Net debt | $16m | ↑ +35.6% |
| ROE % | -93.5%Outside range low roe. -93.5%; 3-period range -1.2% to 0.4%. ROE: -93.5%, below normal range; 3-period mean -0.3%, range -1.2%-0.4%. | ↓ -93.9pp |
| PBT | $0m | — |
| FCF pre-lease | $0.1m | ↓ -99.4% |
| FCF post-lease | $0m | — |
| Debtor days | 47 | ↓ -1.2% |
Source: latest published briefing (FY26, released 25 May 2026). Change compares against the prior equivalent period: FY25, released 26 May 2025.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$199.4m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
Not available
Not meaningful when recent earnings are negative.
EPS
0.00
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not meaningful when recent EBITDA is negative.
P/FCF
1,993.73x
Market cap compared with recent free cash flow.
P/B
Not available
Not available for this company right now.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
0.0%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Chat
Ask follow-up questions about EROAD's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | FY2612 MONTHS25 May 2026 | HY266 MONTHS21 November 2025 | FY2512 MONTHS26 May 2025 | FY2412 MONTHS23 May 2024 | HY246 MONTHS29 November 2023 | FY2312 MONTHS24 May 2023 | Trend |
|---|---|---|---|---|---|---|---|
| Revenue | $195.2m | $99.1m | $194.4m | $182m | $89m | $0.18m | Chart |
| Revenue growth % | 0.4%Outside range low revenue growth. 0.4%; 3-period range 4.1% to 52.2%. Revenue growth: 0.4%, below normal range; 3-period mean 21.0%, range 4.1%-52.2%. | 3.3% | 6.8% | 4.1% | 4.7% | 52.2%Outside range high revenue growth. 52.2%; 3-period range 0.4% to 6.8%. Revenue growth: 52.2%, above normal range; 3-period mean 3.8%, range 0.4%-6.8%. | Chart
|
| EBITDA | $0m | $0m | $0m | $0m | $0.03m | $0.05m | Chart |
| EBITDA margin % | 0.0%Outside range low ebitda margin. 20%; 3-period range 25.8% to 30.7%. EBITDA margin: 20.0%, below normal range; 3-period mean 28.6%, range 25.8%-30.7%. | 0.0% | 0.0%Outside range high ebitda margin. 30.7%; 3-period range 20% to 29.3%. EBITDA margin: 30.7%, above normal range; 3-period mean 25.0%, range 20.0%-29.3%. | 0.0% | 0.0% | 25.7% | Chart
|
| PBT | $0m | $0m | $0m | $0m | -$0m | -$0.01m | Chart |
| NPAT | $0m | $0m | $0m | $0m | $0m | $0m | Chart |
| Operating cash flow | $30.3m | $25.7m | $43.2m | $52.9m | $0.02m | $24.1m | Chart |
| OCF / EBITDA % | — | — | — | — | 80.8% | n/m | Chart
|
| FCF pre-lease | $0.1m | $5.1m | $16m | $20.7m | $0.01m | -$29.9m | Chart |
| FCF post-lease | $0m | $0m | $0m | $1.3m | -$0m | -$0.03m | Chart |
| ROE % | -93.5%Outside range low roe. -93.5%; 3-period range -1.2% to 0.4%. ROE: -93.5%, below normal range; 3-period mean -0.3%, range -1.2%-0.4%. | -77.2% | 0.4%Outside range high roe. 0.4%; 3-period range -93.5% to -0.1%. ROE: 0.4%, above normal range; 3-period mean -31.6%, range -93.5%--0.1%. | -0.1% | -0.4% | -1.2% | Chart
|
| Net debt | $16m | $7.7m | $11.8m | $22.1m | $36m | $62.5m | Chart |
| Net debt / EBITDA | — | — | — | — | 1,384.62x | 1,388.89x | Chart
|
| Debtor days | 47 | 65 | 48Outside range high debtor days. 48d; 3-period range 42d to 47d. Debtor days: 47.5 days, above normal range; 3-period mean 45.1 days, range 41.5 days-47.0 days. | 42Outside range low debtor days. 42d; 3-period range 47d to 48d. Debtor days: 41.5 days, below normal range; 3-period mean 47.1 days, range 46.9 days-47.5 days. | 70 | 47 | Chart
|
| Inventory days | 0 | — | 41 | — | 56 | 58 | Chart |
| Total assets | $308.8m | $316.7m | $460.3m | $433.5m | $0.43m | $0.4m | Chart |
Reference: annolyse.ai/companies/erd
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From EROAD posts $144.2m H1 loss on charge below EBITDA as cash flow lifts
No quantitative FY26 targets are supplied. Historical shape is roughly even: HY25 was 49.3% of FY25 revenue and 49.0% of FY25 EBITDA, so annualised HY26 revenue of about $198.2m sits near the $194.4m FY25 base. NPAT shape is uninformative this period because the impairment-style charge dwarfs any normal H1/H2 split.
The release supports a read of mid-single-digit top-line growth and stable EBITDA margins; it does not support a clean read on full-year profit until the nature and recurrence of the below-EBITDA charge are clarified.
Open questions
This briefing cannot assess the composition of the below-EBITDA charge because the supplied excerpts do not disclose its line-item make-up.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY26 · Released 25 May 2026
The headline loss is non-cash but underlying EBITDA fell from $59.6m to $39.0m and free cash flow dropped to $0.1m as capex nearly doubled.
HY26 · Released 21 November 2025
Revenue grew 3.3% and free cash flow rose to $5.1m, but a non-cash charge well below EBITDA drove a $144.2m loss and cut equity by roughly $125m.
FY25 · Released 26 May 2025
Capex fell 58.4% as the 4G program rolled off, but OCF/EBITDA dropped from 99.2% to 72.5% even as EBITDA grew to $59.6m.
FY24 · Released 23 May 2024
Operating cash flow more than doubled to $52.9m and leverage halved, yet the loss before tax deepened despite EBITDA expanding to $53.3m.
HY24 · Released 29 November 2023
Reported revenue growth of 4.7% understates the underlying 13% pace because HY23 carried a $7.0m one-off Coretex acquisition accounting credit.
FY23 · Released 24 May 2023
FY23 hit guidance but cash conversion fell to 53.3% and receivable days nearly doubled to 47.0 while net debt rose from $18.2m.
Get the next EROAD result briefing and five-year history updates by email.