- The net revenue reached €27.6 million in 2024, reflecting a 23% growth, driven by €19.3 million in annual recurring revenue
A net profit surpassing €1 million for the first time, a 23% growth, and a strengthened financial muscle that allows it to multiply its size. Cuatroochenta presents its annual results, which combine sustainable growth and profitability, demonstrating its ability to convert technological innovation into solid results through software as a service and cybersecurity, These are detailed in the 2024 Financial Report published today on BME Growth and shared in an exclusive conversation in an innovative format (recorded April 8) with Joan Tubau, economics professor at UPF and creator of the Kapital podcast.
Cuatroochenta’s 2024 revenue climbed to €27.6 million, marking a 23% increase compared to the previous year. Notably, its annual recurring revenue (ARR) exceeded €19 million, up from €15 million in 2023, representing nearly 70% of total revenue and underlining the company’s quality and predictability.
This positive evolution is supported by all its business lines and the markets where Cuatroochenta operates (Spain and Latin America), from its facility management platforms (FAMA and CheckingPlan) to its vertical business software solutions as a Microsoft partner (Ekamat) and Zoho (Conpas), but especially in cybersecurity services. Sofistic, its specialized cybersecurity unit, now represents over 42% of the total revenue after recording 38% growth, while enhancing profitability.
Quadrupling its size and multiplying EBITDA six times over five years
Cuatroochenta’s growth boosts its operational efficiency and financial strength. The group’s EBITDA margin rose above 11.7% in 2024, exceeding €3.2 million, while consolidated net profit surpassed €1 million. Since its incorporation into BME Growth in 2020, the company has quadrupled in size and multiplied its EBITDA six times, while in the past year, net profit has grown 6.5 times.
Operating cash flow multiplied its value to €5.1 million in 2024, while in 2023 the amount was €2 million, enabling the company to reduce net financial debt below €5 million. The net financial debt to EBITDA ratio (NFD/EBITDA) improved to 1.5x from 3.7x the previous year.
“Cuatroochenta demonstrates its capacity to generate positive operating cash flow, accelerate deleveraging, and increase investment and growth,” explained CFO Javier Rillo, who emphasized that all key metrics exceeded analyst forecasts, including those from JB Capital.
The company’s performance is reflected in its stock price evolution on BME Growth, which rose by 59% in 2024, clearly outperforming the Ibex Growth Market 15, which fell by 25%. This trend has intensified in 2025, with the share price rising from €7 at the end of 2023 to €12.9 as of April 29, 2025, an 84% increase.
“We generate cash to invest and accelerate growth”
“We are in an excellent position to pursue new acquisitions. We have already proven our ability to acquire and scale companies from smaller bases. Now, we are generating the cash needed to invest and accelerate our growth,” highlighted Alfredo R. Cebrián, CEO and co-founder of Cuatroochenta.
Cebrián cited the company’s entry into the cybersecurity sector in 2019 as an example of its successful M&A strategy, noting that cybersecurity now accounts for 42% of total revenue, a sector poised for further investment growth in Europe.
“We still can multiply our size and market capitalization. We aim to become a key player in developing technology-driven businesses, cybersecurity, and applied knowledge. We are convinced we have the right foundations to achieve this,” added the CEO.
According to Cebrián, “Cuatroochenta’s success lies in our team’s ability to transform the complexity of technology-based businesses into financial clarity by focusing on recurring revenue, scalability, a predictable model, and delivering tangible value to clients and investors, combined with efficient capital use to pursue strategic investments effectively.”
Alfredo R. Cebrián and Javier Rillo shared these insights during a conversation with financial educator Joan Tubau at Cuatroochenta’s Barcelona office on Balmes Street, using a pioneering format to bring the company’s financials and strategy closer to its stakeholders, particularly investors, through videos and short clips published on YouTube and social media.
Alongside its financial report, Cuatroochenta also published its verified Non-Financial Information Statements (NFIS) today, highlighting its social contributions, including investments in applied innovation and training, being certified as a Great Place to Work for the fifth consecutive year, reduced employee turnover, and maintaining quality, security, and sustainability certifications (ISO14001, ISO27001, ENS, SOC2 Type II, ISO9001).