Raspberry Pi Holdings plc — Cyborg Score 7/10

Strategic Profile

The company is positioned for rapid expansion into industrial IoT, edge AI, and global education markets, with proprietary technology, higher-margin software services, and strategic channel expansion expected to drive margin improvement. Incorporated in 2012 and headquartered in Cambridge, UK, the company went public on the LSE and is leveraging IPO proceeds to accelerate product development and market penetration.

Cyborg Score Rationale

Raspberry Pi delivered strong 2025 results with adjusted EBITDA of at least $45 million, demonstrating solid operational performance. The company benefits from ecosystem dominance in single-board computing and expanding industrial applications, though razor-thin margins and earnings growth face threats from hardware commoditization and intense competition.

Top Insights

• Recently went public on LSE (IPO priced at 280p, trading well above initial valuation)
• Delivered strong 2025 EBITDA performance with clear margin expansion trajectory
• Strategic pivot toward higher-margin software, proprietary silicon, and recurring revenue streams
• CEO actively accumulating shares, signaling confidence in growth trajectory and valuation

Named Competitors

• Arduino Boards — Microcontroller platforms for hobbyists and education
• BeagleBone — Industrial-grade single-board computing
• Orange Pi — Low-cost ARM-based single-board computers
• NVIDIA Jetson — AI-focused edge computing modules

Recent Developments

• (March 2026) Stock trading at ~365p GBX on LSE with market cap around £705m
• (Early 2026) CEO Eben Upton executing multiple share purchases, demonstrating insider confidence
• (February 2026) Strong 2025 results announcement with adjusted EBITDA of ~$45m

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