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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 $377M
LTM EBITDA $13.3M
$160M
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 (LTM) of $377M and a last 12-month EBITDA of $13.3M.
In the most recent fiscal year, Appen achieved revenue of $151M 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $377M | XXX | $151M | XXX | XXX | XXX |
| Gross Profit | $147M | XXX | $151M | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $13.3M | XXX | $2.1M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| EBIT | -$16.4M | XXX | -$13.5M | XXX | XXX | XXX |
| EBIT Margin | -4% | XXX | -9% | XXX | XXX | XXX |
| Net Profit | -$26.8M | XXX | -$12.9M | XXX | XXX | XXX |
| Net Margin | -7% | XXX | -9% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Appen's stock price is AUD 1 (or $1).
Appen has current market cap of AUD 318M (or $204M), and EV of AUD 250M (or $160M).
See Appen trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $160M | $204M | XXX | XXX | XXX | XXX | $-0.04 |
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Start Free TrialAs of May 30, 2025, Appen has market cap of $204M and EV of $160M.
Appen's trades at 1.1x EV/Revenue multiple, and 74.7x EV/EBITDA.
Equity research analysts estimate Appen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Appen has a P/E ratio of -11.9x.
See valuation multiples for Appen and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $204M | XXX | $204M | XXX | XXX | XXX |
| EV (current) | $160M | XXX | $160M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 18.8x | XXX | 74.7x | XXX | XXX | XXX |
| EV/EBIT | -15.2x | XXX | -11.9x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -11.9x | XXX | -15.9x | XXX | XXX | XXX |
| EV/FCF | -19.4x | XXX | -18.5x | 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 TrialAppen's last 12 month revenue growth is 7%
Appen's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Appen's rule of 40 is -44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Appen's rule of X is 20% (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 Appen and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 48% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -44% | XXX | 8% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | 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 | 109% | 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 | |
| Almunda Professionals | XXX | XXX | XXX | XXX | XXX | XXX |
| 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 |
| 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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. Almunda Professionals, RPMGlobal, Bluebik Group, Business Online. |
| What is the current market cap of Appen? | Appen's current market cap is $204M |
| What is the current revenue of Appen? | Appen's last 12 months revenue is $377M. |
| What is the current revenue growth of Appen? | Appen revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Appen? | Current revenue multiple of Appen is 0.7x. |
| Is Appen profitable? | Yes, Appen is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Appen? | Appen's last 12 months EBITDA is $13.3M. |
| What is Appen's EBITDA margin? | Appen's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Appen? | Current EBITDA multiple of Appen is 18.8x. |
| What is the current FCF of Appen? | Appen's last 12 months FCF is -$12.9M. |
| What is Appen's FCF margin? | Appen's last 12 months FCF margin is -3%. |
| What is the current EV/FCF multiple of Appen? | Current FCF multiple of Appen is -19.4x. |
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