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Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments, which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which offers air quality monitors and air purifiers with software solutions to enable consumers to create and maintain a healthy home environment.
2008
105
LTM Revenue $455M
LTM EBITDA -$47.4M
$21.3M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Airthings has a last 12-month revenue (LTM) of $455M and a last 12-month EBITDA of -$47.4M.
In the most recent fiscal year, Airthings achieved revenue of $3.8M and an EBITDA of -$0.7M.
Airthings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Airthings valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $455M | XXX | $3.8M | XXX | XXX | XXX |
| Gross Profit | $265M | XXX | $2.1M | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | 56% | XXX | XXX | XXX |
| EBITDA | -$47.4M | XXX | -$0.7M | XXX | XXX | XXX |
| EBITDA Margin | -10% | XXX | -19% | XXX | XXX | XXX |
| EBIT | -$73.8M | XXX | -$1.1M | XXX | XXX | XXX |
| EBIT Margin | -16% | XXX | -29% | XXX | XXX | XXX |
| Net Profit | -$116M | XXX | -$1.7M | XXX | XXX | XXX |
| Net Margin | -25% | XXX | -46% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Airthings's stock price is NOK 1 (or $0).
Airthings has current market cap of NOK 241M (or $23.6M), and EV of NOK 218M (or $21.3M).
See Airthings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21.3M | $23.6M | XXX | XXX | XXX | XXX | $-0.03 |
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Start Free TrialAs of May 30, 2025, Airthings has market cap of $23.6M and EV of $21.3M.
Airthings's trades at 5.7x EV/Revenue multiple, and -30.6x EV/EBITDA.
Equity research analysts estimate Airthings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Airthings has a P/E ratio of -2.1x.
See valuation multiples for Airthings and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $23.6M | XXX | $23.6M | XXX | XXX | XXX |
| EV (current) | $21.3M | XXX | $21.3M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | -4.6x | XXX | -30.6x | XXX | XXX | XXX |
| EV/EBIT | -3.0x | XXX | -19.7x | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | -2.1x | XXX | -13.6x | XXX | XXX | XXX |
| EV/FCF | -11.7x | XXX | -67.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialAirthings's last 12 month revenue growth is 14%
Airthings's revenue per employee in the last FY averaged $36K, while opex per employee averaged $30K for the same period.
Airthings's rule of 40 is -3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Airthings's rule of X is 24% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Airthings and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 286% | XXX | XXX | XXX |
| EBITDA Margin | -10% | XXX | -19% | XXX | XXX | XXX |
| EBITDA Growth | -170% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -3% | XXX | -5% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $36K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $30K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 85% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Alfen | XXX | XXX | XXX | XXX | XXX | XXX |
| Signify | XXX | XXX | XXX | XXX | XXX | XXX |
| SKS Technologies Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Lion E-Mobility | XXX | XXX | XXX | XXX | XXX | XXX |
| Delta Electronics (Thailand) | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Airthings acquired XXX companies to date.
Last acquisition by Airthings was XXXXXXXX, XXXXX XXXXX XXXXXX . Airthings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Airthings founded? | Airthings was founded in 2008. |
| Where is Airthings headquartered? | Airthings is headquartered in Norway. |
| How many employees does Airthings have? | As of today, Airthings has 105 employees. |
| Who is the CEO of Airthings? | Airthings's CEO is Ms. Emma Tryti. |
| Is Airthings publicy listed? | Yes, Airthings is a public company listed on OSL. |
| What is the stock symbol of Airthings? | Airthings trades under AIRX ticker. |
| When did Airthings go public? | Airthings went public in 2020. |
| Who are competitors of Airthings? | Similar companies to Airthings include e.g. Alfen, Signify, SKS Technologies Group, Lion E-Mobility. |
| What is the current market cap of Airthings? | Airthings's current market cap is $23.6M |
| What is the current revenue of Airthings? | Airthings's last 12 months revenue is $455M. |
| What is the current revenue growth of Airthings? | Airthings revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Airthings? | Current revenue multiple of Airthings is 0.5x. |
| Is Airthings profitable? | Yes, Airthings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Airthings? | Airthings's last 12 months EBITDA is -$47.4M. |
| What is Airthings's EBITDA margin? | Airthings's last 12 months EBITDA margin is -10%. |
| What is the current EV/EBITDA multiple of Airthings? | Current EBITDA multiple of Airthings is -4.6x. |
| What is the current FCF of Airthings? | Airthings's last 12 months FCF is -$18.7M. |
| What is Airthings's FCF margin? | Airthings's last 12 months FCF margin is -4%. |
| What is the current EV/FCF multiple of Airthings? | Current FCF multiple of Airthings is -11.7x. |
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