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- B2 Impact
B2 Impact Valuation Multiples
Discover revenue and EBITDA valuation multiples for B2 Impact and similar public comparables like Kayne Anderson BDC, Barings BDC, PennantPark Floating Rate, Atlanticus and more.
B2 Impact Overview
About B2 Impact
B2 Impact ASA provides business lines that are Investments and Servicing. The Group focuses on granular consumer NPLs, and retail and corporate secured NPLs, owned and serviced for JV partners.. Geographically, the company has a presence in Northern Europe (Norway, Sweden, Denmark, Finland, Estonia, Latvia, and Lithuania); Poland; Central Europe (Croatia, Slovenia, Serbia, Montenegro, Bosnia and Herzegovina, Austria, Czech Republic, and Hungary); Western Europe (Spain, Italy, and France); and South Eastern Europe (Bulgaria, Romania, Greece, and Cyprus). Its segments are Investments, Servicing, and Other, and the majority of its revenue is generated from the investment segment.
Founded
2011
HQ

Employees
1.5K
Website
Sectors
Financials (LTM)
EV
$2B
B2 Impact Financials
B2 Impact reported last 12-month revenue of $496M and EBITDA of $198M.
In the same LTM period, B2 Impact generated $385M in gross profit, $198M in EBITDA, and $72M in net income.
Revenue (LTM)
B2 Impact P&L
In the most recent fiscal year, B2 Impact reported revenue of $492M and EBITDA of $194M.
B2 Impact expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $496M | XXX | $492M | XXX | XXX | XXX |
| Gross Profit | $385M | XXX | — | XXX | XXX | XXX |
| Gross Margin | 78% | XXX | — | XXX | XXX | XXX |
| EBITDA | $198M | XXX | $194M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 39% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $72M | XXX | $66M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
B2 Impact Stock Performance
B2 Impact has current market cap of $968M, and enterprise value of $2B.
Market Cap Evolution
B2 Impact's stock price is $2.61.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $968M | -0.1% | XXX | XXX | XXX | $0.18 |
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Start Free TrialB2 Impact Valuation Multiples
B2 Impact trades at 4.2x EV/Revenue multiple, and 10.4x EV/EBITDA.
EV / Revenue (LTM)
B2 Impact Financial Valuation Multiples
As of April 20, 2026, B2 Impact has market cap of $968M and EV of $2B.
Equity research analysts estimate B2 Impact's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
B2 Impact has a P/E ratio of 13.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $968M | XXX | $968M | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 4.2x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.4x | XXX | 10.7x | XXX | XXX | XXX |
| EV/EBIT | 11.1x | XXX | 11.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.4x | XXX | — | XXX | XXX | XXX |
| P/E | 13.5x | XXX | 14.6x | XXX | XXX | XXX |
| EV/FCF | 26.8x | XXX | 4.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified B2 Impact 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.


B2 Impact Margins & Growth Rates
B2 Impact's revenue in the last 12 month grew by 3%.
B2 Impact's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
B2 Impact's rule of 40 is 156% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
B2 Impact's rule of X is 327% (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).
B2 Impact Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 156% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 327% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
B2 Impact Public Comps
See public comps and valuation multiples for other Specialty Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| B2 Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| Kayne Anderson BDC | XXX | XXX | XXX | XXX | XXX | XXX |
| Barings BDC | XXX | XXX | XXX | XXX | XXX | XXX |
| PennantPark Floating Rate | XXX | XXX | XXX | XXX | XXX | XXX |
| Atlanticus | XXX | XXX | XXX | XXX | XXX | XXX |
| Bain Capital Specialty | 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.
B2 Impact M&A Activity
B2 Impact acquired XXX companies to date.
Last acquisition by B2 Impact was on XXXXXXXX, XXXXX. B2 Impact acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by B2 Impact
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialB2 Impact Investment Activity
B2 Impact invested in XXX companies to date.
B2 Impact made its latest investment on XXXXXXXX, XXXXX. B2 Impact invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by B2 Impact
| 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 B2 Impact
| When was B2 Impact founded? | B2 Impact was founded in 2011. |
| Where is B2 Impact headquartered? | B2 Impact is headquartered in Norway. |
| How many employees does B2 Impact have? | As of today, B2 Impact has over 1K employees. |
| Who is the CEO of B2 Impact? | B2 Impact's CEO is Trond Kristian Andreassen. |
| Is B2 Impact publicly listed? | Yes, B2 Impact is a public company listed on Oslo Børs. |
| What is the stock symbol of B2 Impact? | B2 Impact trades under B2I ticker. |
| When did B2 Impact go public? | B2 Impact went public in 2016. |
| Who are competitors of B2 Impact? | B2 Impact main competitors are Kayne Anderson BDC, Barings BDC, PennantPark Floating Rate, Atlanticus. |
| What is the current market cap of B2 Impact? | B2 Impact's current market cap is $968M. |
| What is the current revenue of B2 Impact? | B2 Impact's last 12 months revenue is $496M. |
| What is the current revenue growth of B2 Impact? | B2 Impact revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of B2 Impact? | Current revenue multiple of B2 Impact is 4.2x. |
| Is B2 Impact profitable? | Yes, B2 Impact is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of B2 Impact? | B2 Impact's last 12 months EBITDA is $198M. |
| What is B2 Impact's EBITDA margin? | B2 Impact's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of B2 Impact? | Current EBITDA multiple of B2 Impact is 10.4x. |
| What is the current FCF of B2 Impact? | B2 Impact's last 12 months FCF is $77M. |
| What is B2 Impact's FCF margin? | B2 Impact's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of B2 Impact? | Current FCF multiple of B2 Impact is 26.8x. |
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