2CRSI shares plunge 18% and break their €22 support following the revision of its accounts

Annual accounts with revised revenue and auditor reservations

Shares in 2CRSI fall 18.21% to €21.92, while the CAC 40 gains 0.49% at midday. The results for the 2025-2026 financial year, closed on 30 June, were published on 30 October.

Net profit attributable to the group reached €17.0M, compared with €2.1M a year earlier. However, the revenue recognised in the closed accounts, €386.5M, is lower than the €416.2M announced on 23 July, a gap attributed to the cancellation of transactions carried out by the US subsidiary.

The auditor further disputes the possibility of validating several items, including transactions with related parties. The group had already corrected several of its communications on 29 October, following the conclusions of the independent expert tasked with examining some of the allegations made by Grizzly Research.

Regarding its outlook, the company, in this publication, cites uncertainties in the server market and very strong tensions in component supply, led by DRAM and NAND.

A broken €22 support and a drop of nearly 18% over the week

The stock loses 17.66% over seven days and falls below its lowest level of the last 150 sessions, at €22.00, which has now become resistance. The lowest level of the last 30 sessions, at €23.44, has also given way.

The share price is 17.78% below the MM20, illustrating the extent of the recent sell-off, and the RSI at 34 is approaching the oversold zone.

The stock nevertheless remains up 116.2% over one year, after a very volatile course since the beginning of October: +18.5% on the 12th, following the announcement of the Aether project in Strasbourg, then a further pullback.

In terms of visibility, the group puts forward revenue of €1,000M as the horizon of its guidance, published with the accounts on 30 October. The next observable technical level is the €10.34 support threshold, far from the current price.