Rankings Semiconductors Arbe Robotics
Arbe Robotics
44
15070100
A view of the same findings, not a new score. How it works
The model found several serious problems. That does not mean the stock will fall.
Biggest deductions
- Margin−14
- Quality of growth−6
- Capital allocation−6
Strengths
- Design win+2
- Cost discipline+1
How the score is built
From 100 to 44, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 0.42 USD
- Median analyst target
- 2.75 USD
- Upside to median
- +554.8%
- Analysts
- 3
- Target range
- 2.00 – 3.50 USD
- 52-week change
- −79%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−29 of −30
- −14MarginNegative gross profit (−USD 0.45m TTM, gross margin −24%) and operating loss of 44.5m on revenue of 1.9m (operating margin approx. −2,400%). Q2 2026: revenue 0.7m, net loss 9.1m, adjusted EBITDA −8.7m.
- −6Quality of growthRevenue has fallen from 3.5m (2022) to 1.5 (2023), 0.8 (2024) and 1.0m (2025); TTM 1.9m. The order backlog was only USD 1m at 30/6-2026, and guidance of 4-6m for 2026 requires 2.8-4.8m in H2 vs 1.2m in H1. Series production has been postponed several years since the SPAC listing in 2021.
- −6Capital allocationShare count +30% over a year before the September issue and about +56% including it. Issues at falling prices: USD 3.20 (2024), 1.40 (January 2026, 16.1m) and 0.60 (September 2026, 15m via pre-funded warrants). Accumulated losses of about USD 47m a year for five years.
- −3MoatTechnologically strong chipset (very high channel density in 4D imaging radar), but competition is tough: Mobileye is developing its own imaging radar, NXP, Texas Instruments and Chinese Calterah sell radar chips in volume, and Ambarella bought Oculii. Arbe depends on Tier-1 partners (HiRain, Sensrad) to reach the car makers.
Price
Today's multiples against the company's own history and its peers. · 2 findings−4 of −35
- −1Multiples vs own historyEV/Sales 33 TTM vs 85 (2025), 224 (2024), 82 (2023) and 43 (2022); P/B 1.9 vs 3.3-7.2 in the last four years. Low vs its own history, but the history is a hype period after the SPAC listing.
- −3Peers and absolute levelPro forma EV approx. 45m USD (market cap 93m minus approx. 48m free cash) corresponds to approx. 9x mid-2026 guidance (5m) and approx. 2x analysts' 2027 estimate (21.7m). Innoviz trades at EV/Sales 1.7 and Mobileye at 2.5 on real revenue.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−20 of −35
- −5Nasdaq listingNasdaq notice 13/4-2026 on price below USD 1 with deadline 12/10-2026. The price is USD 0.61, so the requirement will not be met; the company can seek a new 180-day period (to approx. April 2027) by promising a reverse split if necessary. Delisting to OTC would mean the share cannot be traded on Nordnet (the TASE listing remains).
- −6Funding and dilutionOperating burn USD 11.9m in Q2 and 20.6m in H1 2026. Even with the September issue (about 14m net) the cash lasts only about 16 months from 30/6 at the current pace; the target of under 7m per quarter has not been reached. Another issue in 2027 is likely, and a reverse split may follow.
- −4Customer and China dependenceRevenue comes from a few customers: Sweden (Tier-1 Sensrad) about 40% of TTM, the rest primarily China (HiRain, BAIC programs) and the USA. The largest design win (the L3 program) is Chinese, which gives geopolitical risk for an Israeli chip supplier in the US/China trade conflict.
- −5ExecutionSeries production for car makers has been pushed back repeatedly: HiRain's series deliveries for the L3 programme start only in Q4 2027. An order backlog of USD 1m gives low visibility for guidance of 4–6m, and the escrowed bond funds (24.3m) are not released, as the price condition of USD 3.10 is unattainable.
Plus
Only documented strengths. · 2 findings+3 of +15
- +2Design winHiRain and Arbe selected by one of the world's largest automotive groups for a Level 3 programme across several brands in China, with series deliveries from Q4 2027.
- +1Cost disciplineOperating costs fell to USD 9.8m in Q2 2026 from 11.3m a year earlier, and net loss fell from 10.2 to 9.1m, while revenue rose 160%.
Caveats
What the score does not capture, or where the data is weak.
Israeli company (foreign private issuer): files 6-K/20-F, no 10-Q and no Form 4, so insider trades are not visible as with US companies. Price USD 0.6126 (2/10-2026). Stockanalysis' share count (127.3m) is outdated: the issue of 25–28/9-2026 added 0.83m shares and 24.17m pre-funded warrants at USD 0.60, so the real number is approx. 152.3m and market cap approx. USD 93m (DKK 614m), not 78m. Convertible bonds (USD 24.0m, TASE) are covered by USD 24.3m held in escrow with the trustee and must be redeemed on 31/12-2026 because the price condition (USD 3.10) cannot be reached; they are therefore treated as neutral for cash. Analysts' price targets (USD 2.00–3.50, average 2.75) were set before the issue at USD 0.60 and are probably outdated. No going concern warning and no active ATM program found (Jefferies ATM terminated January 2025). Industry: 4D radar chips for cars, defense and robots placed under 'Semiconductors'.
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