Bank-In­de­pen­dent In­vest­ment Hou­se, GBC AG

GBC AG

Research study based on publicly available financial figures. Includes a description of the business performance, forecasts and a valuation model.

Bank-In­de­pen­dent In­vest­ment Hou­se

GBC AG, headquartered in Augsburg, is one of the leading bank-independent investment houses in Germany and an experienced issuing expert for German SMEs.

As an owner-managed company, GBC AG knows the financing needs of German SMEs and is an independent and reliable partner for all capital market issues.

Within the GBC Group, GBC AG offers corporate analysis & research, capital market & financing consulting as well as capital market conferences.

GBC Kapital GmbH complements the services in the group with corporate finance in the areas of placement & brokerage of bonds and shares.

Equity Bottom-Up

<ul><li>Following a 2025 fiscal year marked by strong growth but investment-heavy earnings, Smartbroker Holding AG is now in a crucial scaling phase.</li><li>Consolidated revenue rose significantly by 30.1% to €68.28 million in fiscal year 2025 (previous year: €52.48 million), thereby exceeding the original forecast by a noticeable margin.</li><li>The main growth driver was the transaction business centered on Smartbroker+, whose revenue increased to €40.14 million (previous year: €27.23 million).</li></ul>

Following a 2025 fiscal year marked by strong growth but investment-heavy earnings, Smartbroker Holding AG is now in a crucial scaling phase.Consolidated revenue rose significantly by 30.1% to €68.28 million in fiscal year 2025 (previous year: €52.48 million), thereby exceeding the original forecast by a noticeable margin.The main growth driver was the transaction business centered on Smartbroker+, whose revenue increased to €40.14 million (previous year: €27.23 million).

Research Report (Anno) english - Smartbroker Holding AG - 21.07.26