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Cyan AG is a provider of intelligent IT security solutions and telecommunication services in the IT industry. The main business of the company involves cybersecurity solutions for the end customers of mobile and fixed-line internet providers (MNO, ISP), financial service providers, mobile virtual network operators (MVNO) as well as the convergent BSS/OSS platform (Business Support System and Operations Support System) as a mobile virtual network enabler (MVNE). With the BSS/OSS business, services such as connection to the network operator, billing, provisioning, and similar services relating to the operational aspects of running an MVNO are offered. The company has two segments: Cybersecurity, and BSS/OSS platform. Its products include a Seamless BSS/OSS Platform.
2017
124
LTM Revenue $8.9M
LTM EBITDA -$1.1M
$67.1M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Cyan has a last 12-month revenue (LTM) of $8.9M and a last 12-month EBITDA of -$1.1M.
In the most recent fiscal year, Cyan achieved revenue of $8.0M and an EBITDA of -$1.6M.
Cyan expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cyan valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $8.9M | XXX | $8.0M | XXX | XXX | XXX |
| Gross Profit | $7.3M | XXX | $1.7M | XXX | XXX | XXX |
| Gross Margin | 81% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | -$1.1M | XXX | -$1.6M | XXX | XXX | XXX |
| EBITDA Margin | -12% | XXX | -21% | XXX | XXX | XXX |
| EBIT | -$3.6M | XXX | -$4.6M | XXX | XXX | XXX |
| EBIT Margin | -40% | XXX | -58% | XXX | XXX | XXX |
| Net Profit | -$3.1M | XXX | -$4.2M | XXX | XXX | XXX |
| Net Margin | -34% | XXX | -53% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Cyan's stock price is EUR 3 (or $3).
Cyan has current market cap of EUR 58.5M (or $65.7M), and EV of EUR 59.8M (or $67.1M).
See Cyan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $67.1M | $65.7M | XXX | XXX | XXX | XXX | $-0.14 |
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Start Free TrialAs of May 30, 2025, Cyan has market cap of $65.7M and EV of $67.1M.
Cyan's trades at 8.4x EV/Revenue multiple, and -40.8x EV/EBITDA.
Equity research analysts estimate Cyan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cyan has a P/E ratio of -21.5x.
See valuation multiples for Cyan and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $65.7M | XXX | $65.7M | XXX | XXX | XXX |
| EV (current) | $67.1M | XXX | $67.1M | XXX | XXX | XXX |
| EV/Revenue | 7.5x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBITDA | -62.1x | XXX | -40.8x | XXX | XXX | XXX |
| EV/EBIT | -18.7x | XXX | -14.6x | XXX | XXX | XXX |
| EV/Gross Profit | 9.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | -21.5x | XXX | -15.7x | XXX | XXX | XXX |
| EV/FCF | -30.8x | XXX | -15.7x | 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 TrialCyan's last 12 month revenue growth is 26%
Cyan's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Cyan's rule of 40 is -55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cyan's rule of X is 53% (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 Cyan and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | -12% | XXX | -21% | XXX | XXX | XXX |
| EBITDA Growth | -139% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -55% | XXX | 5% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 53% | 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 | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 79% | 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 | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Cyan acquired XXX companies to date.
Last acquisition by Cyan was XXXXXXXX, XXXXX XXXXX XXXXXX . Cyan 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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Start Free Trial| When was Cyan founded? | Cyan was founded in 2017. |
| Where is Cyan headquartered? | Cyan is headquartered in Germany. |
| How many employees does Cyan have? | As of today, Cyan has 124 employees. |
| Is Cyan publicy listed? | Yes, Cyan is a public company listed on FRA. |
| What is the stock symbol of Cyan? | Cyan trades under CYR ticker. |
| When did Cyan go public? | Cyan went public in 2018. |
| Who are competitors of Cyan? | Similar companies to Cyan include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Cyan? | Cyan's current market cap is $65.7M |
| What is the current revenue of Cyan? | Cyan's last 12 months revenue is $8.9M. |
| What is the current revenue growth of Cyan? | Cyan revenue growth (NTM/LTM) is 26%. |
| What is the current EV/Revenue multiple of Cyan? | Current revenue multiple of Cyan is 7.5x. |
| Is Cyan profitable? | Yes, Cyan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cyan? | Cyan's last 12 months EBITDA is -$1.1M. |
| What is Cyan's EBITDA margin? | Cyan's last 12 months EBITDA margin is -12%. |
| What is the current EV/EBITDA multiple of Cyan? | Current EBITDA multiple of Cyan is -62.1x. |
| What is the current FCF of Cyan? | Cyan's last 12 months FCF is -$2.2M. |
| What is Cyan's FCF margin? | Cyan's last 12 months FCF margin is -24%. |
| What is the current EV/FCF multiple of Cyan? | Current FCF multiple of Cyan is -30.8x. |
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