Added to YB: 2026-02-04
Pitch date: 2026-02-02
1INN.DE [neutral]
innoscripta SE
-24.51%
current return
Author Info
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Company Info
innoscripta SE provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany.
Market Cap
EUR 934.0M
Pitch Price
EUR 91.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.77
P/E
N/A
EV/Sales
9.44
Sector
Software
Category
growth
Innoscripta SE: 60% EBIT margins & rapid growth but why did the IPO flop ?
1INN.DE (watchlist): German SaaS for R&D tax refunds, 10x sales since 2020, 61% EBIT margin, 21x P/E. Growth slowed from 122% Q1 to 28% Q4 2025. Success fee model (20% of refunds) vs traditional software fees. AI/competition risks, regulatory dependence, first-time customer churn effects make forecasting difficult.
Read full article (9 min)