flatexDEGIRO operates a leading pan European online brokerage and investment platform focused on retail investors, with expanding product offerings and geographic reach positioned for increased market share and diversified revenue streams across Europe. Its transparent fee structure stands out, often boasting low or even commission-free trades, making it cost-effective for regular traders.
Cyborg Score Rationale
Q3 2025 delivered strong revenue and net income growth, with revenues up 18% and net income up 57% year-over-year. The company maintains more cash than its total debt, with debt-to-equity ratio reduced from 21.8% to 17.8% over the past 5 years and debt well covered by operating cash flow.
Top Insights
Q3 2025 showed exceptional performance with 18% revenue growth and 57% net income growth year-over-year, with commission income up 34% and net income margin of about 30%
International crypto trading rollout completed in Austria, Netherlands, France, and Spain with 30,000+ active traders; securities lending expansion underway
New customer accounts increased 9% in Q3 with assets under custody reaching nearly €92bn, up 42% year-over-year
Strong unit economics with gross margin of 85.23% and operating margin of 34.34%
Named Competitors
Comdirect — German online brokerage platform
Interactive Brokers — Global brokerage platform for active traders
Avanza — Swedish online banking and investment platform
Nordnet — Nordic online brokerage and savings platform
Recent Developments
(December 2025) Company restructured legal form from AG to SE
(Q3 2025) Crypto trading expanded to Austria, Netherlands, France, and Spain with 30,000+ active users
(Q3 2025) Securities lending service launched in Netherlands and Spain with expansion planned
(Q3 2025) Revenues reached €146m (18% YoY growth) with net income at €42m (57% YoY growth)
Open the full interactive flatexDEGIRO SE report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.