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Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, government agencies among others. The company's business segments are Global services and New markets. It generates maximum revenue from the Global services segment which represents the services that it provides to technology customers using the customers’ data annotation platforms and tools. The majority of projects comprise large, at-scale deep learning (model evaluation) programs. Geographically, it derives a majority of its revenue from the United States of America.
2009
1.2K+
LTM Revenue $376M
LTM EBITDA $12.3M
$165M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Appen has a last 12-month revenue of $376M and a last 12-month EBITDA of $12.3M.
In the most recent fiscal year, Appen achieved revenue of $148M and an EBITDA of $2.1M.
Appen expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Appen valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $173M | $148M | XXX | XXX | XXX |
| Gross Profit | $245M | $173M | XXX | XXX | XXX |
| Gross Margin | 142% | 117% | XXX | XXX | XXX |
| EBITDA | -$56.5M | $2.1M | XXX | XXX | XXX |
| EBITDA Margin | -33% | 1% | XXX | XXX | XXX |
| Net Profit | -$151M | -$74.7M | XXX | XXX | XXX |
| Net Margin | -88% | -50% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 14, 2025, Appen's stock price is AUD 1 (or $1).
Appen has current market cap of AUD 330M (or $209M), and EV of AUD 261M (or $165M).
See Appen trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $165M | $209M | XXX | XXX | XXX | XXX | $-0.04 |
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Sign UpAs of March 14, 2025, Appen has market cap of $209M and EV of $165M.
Appen's trades at 0.7x LTM EV/Revenue multiple, and 21.1x LTM EBITDA.
Analysts estimate Appen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Appen and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $165M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 78.0x | XXX | XXX | XXX |
| P/E | -16.5x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -19.3x | 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.
Sign UpAppen's NTM/LTM revenue growth is 8%
Appen's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Appen's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Appen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Appen and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -104% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 9% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 33% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 109% | XXX | 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 | |
| RPMGlobal | XXX | XXX | XXX | XXX | XXX | XXX |
| Bluebik Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| Mphasis | XXX | XXX | XXX | XXX | XXX | XXX |
| LTIMindtree | 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.
Appen acquired XXX companies to date.
Last acquisition by Appen was XXXXXXXX, XXXXX XXXXX XXXXXX . Appen 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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Sign Up| When was Appen founded? | Appen was founded in 2009. |
| Where is Appen headquartered? | Appen is headquartered in Australia. |
| How many employees does Appen have? | As of today, Appen has 1.2K+ employees. |
| Is Appen publicy listed? | Yes, Appen is a public company listed on ASX. |
| What is the stock symbol of Appen? | Appen trades under APX ticker. |
| When did Appen go public? | Appen went public in 2015. |
| Who are competitors of Appen? | Similar companies to Appen include e.g. RPMGlobal, Bluebik Group, Business Online, Mphasis. |
| What is the current market cap of Appen? | Appen's current market cap is $209M |
| What is the current revenue of Appen? | Appen's last 12-month revenue is $376M. |
| What is the current EBITDA of Appen? | Appen's last 12-month EBITDA is $12.3M. |
| What is the current EV/Revenue multiple of Appen? | Current revenue multiple of Appen is 0.7x. |
| What is the current EV/EBITDA multiple of Appen? | Current EBITDA multiple of Appen is 21.1x. |
| What is the current revenue growth of Appen? | Appen revenue growth between 2023 and 2024 was -14%. |
| Is Appen profitable? | Yes, Appen is EBITDA-positive (as of the last 12 months). |
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