Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Circus SE is a technology company focused on intelligent automation for the global food service industry. The firm develops proprietary robotics, software, and artificial intelligence solutions designed to enable autonomous food preparation and related kitchen operations. Its flagship systems aim to cover the entire workflow from recipe creation and cooking to quality control, cleaning, and packaging, with minimal human intervention. By targeting large-scale food service environments such as supermarkets, fuel stations, and institutional catering, Circus SE seeks to address operational challenges including labor intensity, consistency, and process efficiency in meal production. The company’s technology platform combines robotics, sensor technology, and AI to support standardized, high-throughput kitchen processes that can be deployed across multiple locations. Founded in 2021 and headquartered in Hamburg, Germany, Circus SE operates within the broader consumer and industrial automation landscape, positioning its solutions at the intersection of food technology, robotics, and digitalization of service operations.
The business is unprofitable at the operating level (-5950.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 60.4% YoY. Margins deteriorated 5193.8pp alongside, both lines moving the wrong way.
ROIC dropped from -20.67% to -77.41%, capital efficiency is deteriorating. Negative free cash flow of -€9M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€251K
▼ -60.4% YoY
Net Income (TTM)
-€15M
▼ -206.5% YoY
Op. Margin
-5950.60%
▼ -5193.8pp YoY
ROIC
-77.41%
▼ -56.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€9M
▼ -33.7% YoY
Op. Cash Flow (TTM)
-€9M
▼ -108.1% YoY
Net Debt
€9M
Cash & Equiv.
€257K
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