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cBrain AS is a software engineering company headquartered in Denmark. The company is created from the collective ambition of IT industry pioneers and technology innovators to help governments transform and thereby contribute to creating efficient, accountable and transparent public institutions. It has developed a proven Commercial Of-The-Shelf (COTS) software platform named F2, built for government organizations focused on fast-tracking digital transformation at scale. Originating from Denmark, that is a recognized world leader in eGovernment, cBrain has now delivered F2 solutions to governments across 5 continents.
2002
189
LTM Revenue $43.6M
LTM EBITDA $16.5M
$584M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
cBrain has a last 12-month revenue (LTM) of $43.6M and a last 12-month EBITDA of $16.5M.
In the most recent fiscal year, cBrain achieved revenue of $40.9M and an EBITDA of $17.3M.
cBrain expects next 12-month revenue of XXX and NTM EBITDA of XXX
See cBrain valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $43.6M | XXX | $40.9M | XXX | XXX | XXX |
| Gross Profit | $38.1M | XXX | $23.5M | XXX | XXX | XXX |
| Gross Margin | 87% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $16.5M | XXX | $17.3M | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 42% | XXX | XXX | XXX |
| EBIT | $13.4M | XXX | $13.5M | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $10.0M | XXX | $9.9M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.1M | XXX | XXX | XXX |
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As of June 13, 2025, cBrain's stock price is DKK 194 (or $30).
cBrain has current market cap of DKK 3.8B (or $579M), and EV of DKK 3.8B (or $584M).
See cBrain trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $584M | $579M | XXX | XXX | XXX | XXX | $0.51 |
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Start Free TrialAs of June 13, 2025, cBrain has market cap of $579M and EV of $584M.
cBrain's trades at 14.3x EV/Revenue multiple, and 33.7x EV/EBITDA.
Equity research analysts estimate cBrain's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
cBrain has a P/E ratio of 57.6x.
See valuation multiples for cBrain and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $579M | XXX | $579M | XXX | XXX | XXX |
| EV (current) | $584M | XXX | $584M | XXX | XXX | XXX |
| EV/Revenue | 13.4x | XXX | 14.3x | XXX | XXX | XXX |
| EV/EBITDA | 35.4x | XXX | 33.7x | XXX | XXX | XXX |
| EV/EBIT | 43.5x | XXX | 43.3x | XXX | XXX | XXX |
| EV/Gross Profit | 15.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 57.6x | XXX | 58.6x | XXX | XXX | XXX |
| EV/FCF | 115.8x | XXX | 186.7x | 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 TrialcBrain's last 12 month revenue growth is 20%
cBrain's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
cBrain's rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
cBrain's rule of X is 87% (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 cBrain and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | 64% | XXX | 62% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 87% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 7% | 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 | 24% | 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 | |
| Acusensus | XXX | XXX | XXX | XXX | XXX | XXX |
| Objective Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Technology One | XXX | XXX | XXX | XXX | XXX | XXX |
| Secunet | XXX | XXX | XXX | XXX | XXX | XXX |
| MyEG | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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cBrain acquired XXX companies to date.
Last acquisition by cBrain was XXXXXXXX, XXXXX XXXXX XXXXXX . cBrain 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 cBrain founded? | cBrain was founded in 2002. |
| Where is cBrain headquartered? | cBrain is headquartered in Denmark. |
| How many employees does cBrain have? | As of today, cBrain has 189 employees. |
| Who is the CEO of cBrain? | cBrain's CEO is Mr. Per Tejs Knudsen. |
| Is cBrain publicy listed? | Yes, cBrain is a public company listed on CSE. |
| What is the stock symbol of cBrain? | cBrain trades under CBRAIN ticker. |
| When did cBrain go public? | cBrain went public in 2006. |
| Who are competitors of cBrain? | Similar companies to cBrain include e.g. Acusensus, Objective Corp., Technology One, Secunet. |
| What is the current market cap of cBrain? | cBrain's current market cap is $579M |
| What is the current revenue of cBrain? | cBrain's last 12 months revenue is $43.6M. |
| What is the current revenue growth of cBrain? | cBrain revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of cBrain? | Current revenue multiple of cBrain is 13.4x. |
| Is cBrain profitable? | Yes, cBrain is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of cBrain? | cBrain's last 12 months EBITDA is $16.5M. |
| What is cBrain's EBITDA margin? | cBrain's last 12 months EBITDA margin is 38%. |
| What is the current EV/EBITDA multiple of cBrain? | Current EBITDA multiple of cBrain is 35.4x. |
| What is the current FCF of cBrain? | cBrain's last 12 months FCF is $5.0M. |
| What is cBrain's FCF margin? | cBrain's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of cBrain? | Current FCF multiple of cBrain is 115.8x. |
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