PicoCELA Inc. (PCLA) AI Stock Analysis
PCLA AI stock analysis summary
AI ResearchPicoCELA Inc. (PCLA) is a Japan-based provider of enterprise wireless mesh access points, cloud management software, and licensed mesh technology. In the trailing twelve months through June 30, 2026, the company generated $659.5M in revenue with an operating margin of -705.9%. Its 3-year revenue CAGR from FY2022 to FY2025 was -7.1%, while net cash stood at $112.4M.
- Market cap
- $63.3M
- Revenue (TTM)
- $659.5M
- P/E
- —
- 1Y return
- -53.3% S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue expanded 45.5% year-over-year in the latest quarter ended June 30, 2026.
- The company maintained a positive net cash position of $112.4M with a current ratio of 1.76 as of June 30, 2026.
- PicoCELA trades at a price-to-sales ratio of 0.1x compared to the 0.8x median of its US-listed Communication Services peers.
Bear case
- PicoCELA generated a substantial net loss of -$629.0M in FY2025 with an operating margin of -110.4%.
- Free cash flow remained deeply negative at -$574.8M in FY2025 following -$286.8M in FY2024.
- Revenue contracted at a 3-year CAGR of -7.1% from FY2022 to FY2025.
What PicoCELA Inc. does
PicoCELA Inc. engages in the manufacture, installation, and service for enterprise wireless mesh solutions in Japan. The company offers mesh Wi-Fi access points, known as the PCWL series, which feature separate wireless modules for backhaul and access networks. It also provides PicoManager, a cloud system service for configuring and monitoring connected mesh Wi-Fi devices. Additionally, PicoCELA licenses its patented wireless mesh technology to third-party manufacturers. The company targets clients across construction, civil engineering, factories, shopping malls, and retail chain stores. Founded in 2008 and based in Tokyo, Japan, PicoCELA employed 55 people as of 2026.
Growth and profitability
PicoCELA generated revenue of $682.1M in FY2022 with a gross margin of 64.1% and a net income of -$5.2M. Revenue fell 18.0% to $559.5M in FY2023, while net loss widened to -$634.0M. In FY2024, revenue rebounded 40.2% to $784.4M with a net loss of -$479.9M. In FY2025, revenue declined 30.3% to $547.0M, resulting in a 3-year revenue CAGR of -7.1% from FY2022 to FY2025, an operating margin of -110.4%, and net income of -$629.0M. For the latest quarter ended June 30, 2026, quarterly revenue grew 45.5% year-over-year, bringing trailing twelve months revenue to $659.5M with an EPS of -$8.82.
Balance sheet and cash flow
As of June 30, 2026, PicoCELA held $186.0M in cash and short-term investments alongside total debt of $73.6M, resulting in net cash of $112.4M. Total assets were $650.9M, while shareholders' equity reached $200.6M. The company reported a current ratio of 1.76 and a debt-to-equity ratio of 0.37. Free cash flow was -$574.8M in FY2025, with capital expenditures of $28.5M and operating cash flow of -$546.3M.
Valuation and performance
At a last close of $6.58 on October 16, 2026, PicoCELA had a market cap of $63.3M and an enterprise value of $68.9M. The stock trades at a price-to-sales multiple of 0.1x, below the 0.8x median of its US-listed Communication Services peers. Its price-to-book ratio is 54.2x, while EV to revenue is 16.4x. Over the past year, PCLA shares declined 53.3%, trailing the 16.8% 1-year return of the S&P 500 (SPY). Year-to-date, the stock has returned -27.4%.
What analysts expect
There are no analyst ratings, price targets, consensus estimates, or next earnings dates reported for PicoCELA Inc. The company's trailing twelve months EPS stands at -$8.82 as of June 30, 2026. Shares closed at $6.58 on October 16, 2026, which is 28.0% above their 200-day average but down from a 52-week high of $19.61 and up from a 52-week low of $1.35. Insiders own 33.8% of shares, while institutional ownership is 0.0%.
Key risks and what to watch
- Operating cash flow was -$546.3M in FY2025, highlighting ongoing operational cash burn.
- The company's trailing twelve months return on equity was -890.3%, reflecting heavy net losses.
- The stock experienced significant volatility, falling 53.3% over the past year while trading between a 52-week low of $1.35 and a 52-week high of $19.61.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PCLA AI stock analysis
This page is an AI-written research summary of PicoCELA Inc. (PCLA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PCLA income statement, PCLA balance sheet, PCLA key metrics, PCLA chart. See the PCLA stock overview for the latest quote and news.
PCLA AI stock analysis FAQ
Does PicoCELA pay a dividend?
No, PicoCELA does not pay a dividend. The company reported free cash flow of -$574.8M in FY2025.
What was PicoCELA's revenue growth in the latest quarter?
PicoCELA posted quarterly revenue growth of 45.5% year-over-year for the period ended June 30, 2026. This brought trailing twelve months revenue to $659.5M.
What is PicoCELA's cash and debt position?
As of June 30, 2026, PicoCELA had $186.0M in cash and short-term investments against $73.6M in total debt, leaving net cash of $112.4M. Its debt-to-equity ratio was 0.37.
Who owns PicoCELA stock?
Insiders hold 33.8% of PicoCELA, while institutional ownership stands at 0.0%. Short interest represents 0.5% of the float.