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UK maker of low-cost single-board computers used by hobbyists, educators and industrial/IoT embedded-device makers.
UK maker of low-cost single-board computers used by hobbyists, educators and industrial/IoT embedded-device makers.
Designs the boards and some of its own chips but has them built under contract, largely at Sony's plant in Wales, and sells through approved resellers and distributors. Industrial and embedded customers now account for most sales, ahead of hobbyists and schools. It listed in London in 2024; the Raspberry Pi Foundation, a UK education charity, remains a major shareholder.
In one line: A UK Arduino-scale embedded-computing hardware maker.
Moat: narrow (brand, scale, distribution). Strong developer-community brand loyalty and volume-driven component-sourcing scale.
Headquarters: Cambridge, UK · Founded: 2008 · Employees: 140
Size Raspberry PI (RPI.L) is a United Kingdom Information Technology company (Computer Processing Hardware) with a market value of $1.29B, the 200th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £492.80 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against -19.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd lowest of 18 in its peer set.
Growth Revenue grew 70.7% over the last twelve months (peer median +12.7%); the operating margin is 8.8% (peer median 6.5%).
Valuation It trades at 32.2× forward earnings against a peer median of 17.7× (2nd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (6.9% WACC).
Next results Next results expected around 7 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £331M | £245M | £203M | £214M | £153M |
| Revenue growth | — | +21% | -5% | +40% | — |
| Gross profit | £70.2M | £50.1M | £41.1M | £48.1M | £30.1M |
| EBITDA | £36.4M | £29.0M | £24.4M | £35.2M | £19.9M |
| Net income | £24.9M | £16.5M | £9.16M | £25.4M | £13.9M |
| Free cash flow | £4.53M | £2.58M | -£4.85M | £13.4M | £9.82M |
| Capital expenditure | £15.0M | £13.9M | £18.1M | £18.6M | £8.72M |
| Total debt | n/a | £6.62M | £4.95M | £5.57M | £1.35M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Raspberry PI RPI.L | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% |
| Nvidia NVDA | $4.50T | -13% | +83% | 65% | 15.5× | 26.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RPI.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.6% | -1.7% | 4th lowest of 21 |
| 6-month return | -27.1% | -19.0% | 2nd lowest of 18 |
| Distance from 52-week high | -54.5% | -41.8% | 4th lowest of 21 |
| Revenue growth (TTM) | +70.7% | +12.7% | 3rd highest of 17 |
| Operating margin | 8.8% | 6.5% | 9th highest of 20 |
| Forward P/E | 32.2× | 17.7× | 2nd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 14.4% | 5.6% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +17.2% | +6.4% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -2.7 pp | -2.0 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +4.0 pp | +0.7 pp | 8th highest of 20 |
| EV / EBITDA | 26.0× | 13.6× | most expensive of 6 |
| Net debt / EBITDA | -0.2× | 0.3× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| Pasqal PSQL | United States | $923M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zkteco 301330.SZ | China | $876M | -19% | +24% | 11% | n/a | 7.2% | +3.4% |
| JBCC 9889.T | Japan | $852M | +61% | +9% | 10% | 18.6× | -4.7% | +4.8% |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Jess-Link Products 6197.TW | Taiwan | $814M | -10% | +21% | 22% | 15.7× | 6.1% | +16.2% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Emdoor Information 001314.SZ | China | $791M | -26% | +74% | 3% | 17.5× | n/a | n/a |
| Toukei Computer 4746.T | Japan | $790M | +74% | +5% | 29% | n/a | 2.6% | +5.6% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |