May 2026
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Largest VR & AR Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
Farm 51, VR Factory Games and TrustBTC.
 | The Farm 51 Group develops video games for personal computers, desktop consoles and mobile devices. The company also creates games, modern VR applications and participate in many innovative educational and commercial projects. | $1 | -71% | $4M | $6M | 4.9x | 3.6x | ||
| VR Factory Games SA specializes in creating business applications and games using virtual and augmented reality technology. Its games include Horror Bar VR, Bartender VR Simulation, Space Camp, Desert Dream, and Guns and Notes among others. | $0 | -43% | $2M | $2M | — | — | ||
| TrustBTC SA, formerly Immersion Games SA is a producer of VR and PC games created by a virtual and augmented reality studio in the world - Immersion. It is cooperating with companies and institutions such as Google, HBO, Coca-Cola, American Museum of Natural History, Nordic Track, and the Smithsonian Channel. | $0 | -58% | $567K | $517K | 0.6x | (1.3x) | ||
| Median | $0 | -58% | $2M | $2M | 2.8x | 1.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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