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BTQ Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for BTQ Technologies and similar public comparables like Digital Arts, Yubico, Hillstone Networks, Rapid7 and more.
BTQ Technologies Overview
About BTQ Technologies
BTQ Technologies Corp is engaged in the development of computer-based technology related to post-quantum cryptography, particularly as it applies to blockchain and related technologies, and their protection from the emerging security risk of quantum computing. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. Keelung is a zero-knowledge toolkit for fast, private, and secure applications. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware, and Qbyte is a quantum risk calculator. Geographically, the company derives maximum revenue from Canada, and also has a presence in Taiwan, and Australia.
Founded
1983
HQ

Employees
27
Website
Financials (LTM)
EV
$465M
BTQ Technologies Financials
BTQ Technologies reported last 12-month revenue of $1M.
In the same LTM period, BTQ Technologies generated had net loss of ($18M).
Revenue (LTM)
BTQ Technologies P&L
In the most recent fiscal year, BTQ Technologies reported revenue of $226K and EBITDA of ($18M).
BTQ Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1M | XXX | $226K | XXX | XXX | XXX |
| Gross Profit | — | XXX | $75K | XXX | XXX | XXX |
| Gross Margin | — | XXX | 33% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($18M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (7798%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (7939%) | XXX | XXX | XXX |
| Net Profit | ($18M) | XXX | ($18M) | XXX | XXX | XXX |
| Net Margin | (1600%) | XXX | (7793%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BTQ Technologies Stock Performance
BTQ Technologies has current market cap of $465M, and enterprise value of $465M.
Market Cap Evolution
BTQ Technologies' stock price is $3.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $465M | $465M | 0.0% | XXX | XXX | XXX | $-0.13 |
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Start Free TrialBTQ Technologies Valuation Multiples
BTQ Technologies trades at 422.1x EV/Revenue multiple, and (26.4x) EV/EBITDA.
EV / Revenue (LTM)
BTQ Technologies Financial Valuation Multiples
As of April 5, 2026, BTQ Technologies has market cap of $465M and EV of $465M.
Equity research analysts estimate BTQ Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BTQ Technologies has a P/E ratio of (26.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $465M | XXX | $465M | XXX | XXX | XXX |
| EV (current) | $465M | XXX | $465M | XXX | XXX | XXX |
| EV/Revenue | 422.1x | XXX | 2055.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (26.4x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (25.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6199.8x | XXX | XXX | XXX |
| P/E | (26.4x) | XXX | (26.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (43.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BTQ Technologies 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.


BTQ Technologies Margins & Growth Rates
BTQ Technologies' revenue in the last 12 month grew by 226%.
BTQ Technologies' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.7M for the same period.
BTQ Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 226% | XXX | 1487% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (7798%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 316% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 982% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4910% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 1776% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7972% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BTQ Technologies Public Comps
See public comps and valuation multiples for other Cybersecurity and Data Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Digital Arts | XXX | XXX | XXX | XXX | XXX | XXX |
| Yubico | XXX | XXX | XXX | XXX | XXX | XXX |
| Hillstone Networks | XXX | XXX | XXX | XXX | XXX | XXX |
| Rapid7 | XXX | XXX | XXX | XXX | XXX | XXX |
| FFRI Security | 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.
BTQ Technologies M&A Activity
BTQ Technologies acquired XXX companies to date.
Last acquisition by BTQ Technologies was on XXXXXXXX, XXXXX. BTQ Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BTQ Technologies
| 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 TrialBTQ Technologies Investment Activity
BTQ Technologies invested in XXX companies to date.
BTQ Technologies made its latest investment on XXXXXXXX, XXXXX. BTQ Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BTQ Technologies
| 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 BTQ Technologies
| When was BTQ Technologies founded? | BTQ Technologies was founded in 1983. |
| Where is BTQ Technologies headquartered? | BTQ Technologies is headquartered in Canada. |
| How many employees does BTQ Technologies have? | As of today, BTQ Technologies has over 27 employees. |
| Is BTQ Technologies publicly listed? | Yes, BTQ Technologies is a public company listed on Nasdaq. |
| What is the stock symbol of BTQ Technologies? | BTQ Technologies trades under BTQ ticker. |
| When did BTQ Technologies go public? | BTQ Technologies went public in 2023. |
| Who are competitors of BTQ Technologies? | BTQ Technologies main competitors are Digital Arts, Yubico, Hillstone Networks, Rapid7. |
| What is the current market cap of BTQ Technologies? | BTQ Technologies' current market cap is $465M. |
| What is the current revenue of BTQ Technologies? | BTQ Technologies' last 12 months revenue is $1M. |
| What is the current revenue growth of BTQ Technologies? | BTQ Technologies revenue growth (NTM/LTM) is 226%. |
| What is the current EV/Revenue multiple of BTQ Technologies? | Current revenue multiple of BTQ Technologies is 422.1x. |
| Is BTQ Technologies profitable? | No, BTQ Technologies is not profitable. |
| What is the current net income of BTQ Technologies? | BTQ Technologies' last 12 months net income is ($18M). |
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