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Apellis Pharmaceuticals Valuation Multiples
Discover revenue and EBITDA valuation multiples for Apellis Pharmaceuticals and similar public comparables like WAVE Life Sciences, Buchang Pharma, Travere Therapeutics, Sinocelltech Group and more.
Apellis Pharmaceuticals Overview
About Apellis Pharmaceuticals
Apellis Pharmaceuticals Inc is a commercial-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel therapeutic compounds to treat diseases with high unmet needs through the inhibition of the complement system, which is an integral component of the immune system, at the level of C3, the central protein in the complement cascade. Currently it has two marketed drugs that target C3, the central protein in the complement cascade: SYFOVRE (pegcetacoplan injection) and EMPAVELI (pegcetacoplan).
Founded
2009
HQ

Employees
739
Website
Sectors
Financials (LTM)
EV
$3B
Apellis Pharmaceuticals Financials
Apellis Pharmaceuticals reported last 12-month revenue of $973M and EBITDA of $25M.
In the same LTM period, Apellis Pharmaceuticals generated $869M in gross profit, $25M in EBITDA, and had net loss of ($14M).
Revenue (LTM)
Apellis Pharmaceuticals P&L
In the most recent fiscal year, Apellis Pharmaceuticals reported revenue of $1B and EBITDA of $70M.
Apellis Pharmaceuticals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $973M | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $869M | XXX | $902M | XXX | XXX | XXX |
| Gross Margin | 89% | XXX | 90% | XXX | XXX | XXX |
| EBITDA | $25M | XXX | $70M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | ($14M) | XXX | $22M | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Apellis Pharmaceuticals Stock Performance
Apellis Pharmaceuticals has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Apellis Pharmaceuticals' stock price is $20.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 0.0% | XXX | XXX | XXX | $0.18 |
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Start Free TrialApellis Pharmaceuticals Valuation Multiples
Apellis Pharmaceuticals trades at 2.7x EV/Revenue multiple, and 104.9x EV/EBITDA.
EV / Revenue (LTM)
Apellis Pharmaceuticals Financial Valuation Multiples
As of March 21, 2026, Apellis Pharmaceuticals has market cap of $3B and EV of $3B.
Equity research analysts estimate Apellis Pharmaceuticals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Apellis Pharmaceuticals has a P/E ratio of (184.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 104.9x | XXX | 36.9x | XXX | XXX | XXX |
| EV/EBIT | 164.8x | XXX | 46.6x | XXX | XXX | XXX |
| EV/Gross Profit | 3.0x | XXX | 2.9x | XXX | XXX | XXX |
| P/E | (184.6x) | XXX | 115.1x | XXX | XXX | XXX |
| EV/FCF | 545.1x | XXX | 57.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Apellis Pharmaceuticals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Apellis Pharmaceuticals Margins & Growth Rates
Apellis Pharmaceuticals' revenue in the last 12 month declined by (8%).
Apellis Pharmaceuticals' revenue per employee in the last FY averaged $1.3M.
Apellis Pharmaceuticals' rule of 40 is (5%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Apellis Pharmaceuticals' rule of X is (17%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Apellis Pharmaceuticals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (8%) | XXX | (14%) | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | (358%) | XXX | (231%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (5%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (17%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 57% | XXX | — | XXX | XXX | XXX |
| R&D Expenses to Revenue | 31% | XXX | 30% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 84% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Apellis Pharmaceuticals Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| WAVE Life Sciences | XXX | XXX | XXX | XXX | XXX | XXX |
| Buchang Pharma | XXX | XXX | XXX | XXX | XXX | XXX |
| Travere Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Sinocelltech Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SK Bioscience | 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.
Apellis Pharmaceuticals M&A Activity
Apellis Pharmaceuticals acquired XXX companies to date.
Last acquisition by Apellis Pharmaceuticals was on XXXXXXXX, XXXXX. Apellis Pharmaceuticals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Apellis Pharmaceuticals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialApellis Pharmaceuticals Investment Activity
Apellis Pharmaceuticals invested in XXX companies to date.
Apellis Pharmaceuticals made its latest investment on XXXXXXXX, XXXXX. Apellis Pharmaceuticals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Apellis Pharmaceuticals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Apellis Pharmaceuticals
| When was Apellis Pharmaceuticals founded? | Apellis Pharmaceuticals was founded in 2009. |
| Where is Apellis Pharmaceuticals headquartered? | Apellis Pharmaceuticals is headquartered in United States. |
| How many employees does Apellis Pharmaceuticals have? | As of today, Apellis Pharmaceuticals has over 739 employees. |
| Who is the CEO of Apellis Pharmaceuticals? | Apellis Pharmaceuticals' CEO is Cedric Francois. |
| Is Apellis Pharmaceuticals publicly listed? | Yes, Apellis Pharmaceuticals is a public company listed on Nasdaq. |
| What is the stock symbol of Apellis Pharmaceuticals? | Apellis Pharmaceuticals trades under APLS ticker. |
| When did Apellis Pharmaceuticals go public? | Apellis Pharmaceuticals went public in 2017. |
| Who are competitors of Apellis Pharmaceuticals? | Apellis Pharmaceuticals main competitors are WAVE Life Sciences, Buchang Pharma, Travere Therapeutics, Sinocelltech Group. |
| What is the current market cap of Apellis Pharmaceuticals? | Apellis Pharmaceuticals' current market cap is $3B. |
| What is the current revenue of Apellis Pharmaceuticals? | Apellis Pharmaceuticals' last 12 months revenue is $973M. |
| What is the current revenue growth of Apellis Pharmaceuticals? | Apellis Pharmaceuticals revenue growth (NTM/LTM) is (8%). |
| What is the current EV/Revenue multiple of Apellis Pharmaceuticals? | Current revenue multiple of Apellis Pharmaceuticals is 2.7x. |
| Is Apellis Pharmaceuticals profitable? | Yes, Apellis Pharmaceuticals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Apellis Pharmaceuticals? | Apellis Pharmaceuticals' last 12 months EBITDA is $25M. |
| What is Apellis Pharmaceuticals' EBITDA margin? | Apellis Pharmaceuticals' last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Apellis Pharmaceuticals? | Current EBITDA multiple of Apellis Pharmaceuticals is 104.9x. |
| What is the current FCF of Apellis Pharmaceuticals? | Apellis Pharmaceuticals' last 12 months FCF is $5M. |
| What is Apellis Pharmaceuticals' FCF margin? | Apellis Pharmaceuticals' last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Apellis Pharmaceuticals? | Current FCF multiple of Apellis Pharmaceuticals is 545.1x. |
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