Bending Spoons today published its second-quarter 2026 results, the first since becoming a Wall Street-listed company last July. The company, led by Luca Ferrari and the only Italian unicorn to reach the Nasdaq, reported sharply higher revenue and a significant increase in profit. The figures beat revenue expectations and now put the stock to the test after it had already risen by almost 60% in less than 50 days since its listing.
Bending Spoons: the figures from its first quarterly report on Wall Street
The results for the second quarter of 2026 arrived this morning, before the opening of Wall Street. They are the first results released by the company since it debuted on the Nasdaq on July 1. Revenue reached $704 million, up 126% from 2025. Operating income, meaning the profit generated by the business before interest and taxes, rose to $240 million, a 139% increase.
On the eve of the results, the analyst consensus—that is, the average of the estimates compiled by Bloomberg—put expected revenue at $682.7 million. The actual figure of $704 million exceeded forecasts by approximately 3%, a margin that is not enormous but nevertheless represents a positive surprise compared with the bar set by the market.
Profit soars in the second quarter
The increase in profit compared with revenue was even more pronounced. Net income, meaning the final profit remaining after all costs, interest and taxes, rose 171% to $176.97 million.
Earnings per share, meaning the profit attributable to each individual company share, increased by 163% on a diluted basis. Diluted means it is calculated using the larger number of shares, including those that could be created through options and share-based compensation, making it the more conservative measure. The adjusted figure, meaning profit stripped of extraordinary items that do not recur every quarter, also rose 167%. These figures confirm Bending Spoons’ very rapid growth across all key metrics.
The boost from acquisitions
The engine remains acquisition-led growth, meaning the purchase of digital companies that are then revitalized and made more profitable. During the quarter, the acquisition of Tractive was completed at an enterprise value—that is, the price of the company including debt—of $759 million. Last week, the company also signed an agreement to acquire Airtable, a software platform for data and projects. The transaction is worth $1.285 billion, entirely in cash, and is expected to close by the end of the year subject to regulatory approval. Adjusted operating income, meaning operating income stripped of extraordinary items, rose 150% to $381 million.
Bending Spoons: decline after the all-time high
The attached daily chart provides an overview of Bending Spoons’ short-term performance. On its first day of trading, the stock closed up 30%, followed by a contraction phase that took it to its post-listing low, around $31. A period of sideways trading then preceded the bullish acceleration in August. Two days ago, Bending Spoons also reached its all-time high at $58.94, from which it then retraced during yesterday’s session. The support level that must hold for the bullish trend to continue is around $44.50.
