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Devolver Digital Valuation Multiples

Discover revenue and EBITDA valuation multiples for Devolver Digital and similar public comparables like Trophy Games, Boyaa Interactive, and Remedy Entertainment.

Devolver Digital Overview

About Devolver Digital

Devolver Digital Inc is engaged in the business of developing video games. Some of its games include Cut the Lamb, Shadow Warrior 3, Terra Nil, Death's Door, Boomerang X, Wizard with Gun, Loop Hero, Olija, Serious Sam 4 and others.


Founded

2008

HQ

United Kingdom of Great Britain and Northern Ireland
Employees

235

Financials

LTM Revenue $82.1M

LTM EBITDA $4.8M

EV

$83.1M

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Devolver Digital Financials

Devolver Digital has a last 12-month revenue of $82.1M and a last 12-month EBITDA of $4.8M.

In the most recent fiscal year, Devolver Digital achieved revenue of $119M and an EBITDA of $8.4M.

Devolver Digital expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Devolver Digital P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $173M $119M XXX XXX XXX
Gross Profit $50.5M $29.0M XXX XXX XXX
Gross Margin 29% 24% XXX XXX XXX
EBITDA $17.8M $8.4M XXX XXX XXX
EBITDA Margin 10% 7% XXX XXX XXX
Net Profit $39.3M -$118M XXX XXX XXX
Net Margin 23% -99% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Devolver Digital Stock Performance

As of April 15, 2025, Devolver Digital's stock price is GBP 0 (or $0).

Devolver Digital has current market cap of GBP 96.1M (or $124M), and EV of GBP 64.5M (or $83.1M).

See Devolver Digital trading valuation data

Devolver Digital Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$83.1M $124M XXX XXX XXX XXX $-0.00

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Devolver Digital Valuation Multiples

As of April 15, 2025, Devolver Digital has market cap of $124M and EV of $83.1M.

Devolver Digital's trades at 0.8x LTM EV/Revenue multiple, and 13.3x LTM EBITDA.

Analysts estimate Devolver Digital's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Devolver Digital Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $83.1M XXX XXX XXX
EV/Revenue 0.7x XXX XXX XXX
EV/EBITDA 9.9x XXX XXX XXX
P/E -7.5x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -4.6x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Devolver Digital Valuation Multiples

Devolver Digital's NTM/LTM revenue growth is 7%

Devolver Digital's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, Devolver Digital's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Devolver Digital's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Devolver Digital Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -31% XXX XXX XXX XXX
EBITDA Margin 7% XXX XXX XXX XXX
EBITDA Growth -53% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 14% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 42% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 42% XXX XXX XXX XXX

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Devolver Digital Public Comps

See public comps and valuation multiples for Gaming - Console & PC comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Azerion Group XXX XXX XXX XXX XXX XXX
PlaySide Studios XXX XXX XXX XXX XXX XXX
Trophy Games XXX XXX XXX XXX XXX XXX
Remedy Entertainment XXX XXX XXX XXX XXX XXX
Boyaa Interactive 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.

Devolver Digital M&A and Investment Activity

Devolver Digital acquired  XXX companies to date.

Last acquisition by Devolver Digital was  XXXXXXXX, XXXXX XXXXX XXXXXX . Devolver Digital acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Devolver Digital

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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About Devolver Digital

When was Devolver Digital founded? Devolver Digital was founded in 2008.
Where is Devolver Digital headquartered? Devolver Digital is headquartered in United Kingdom of Great Britain and Northern Ireland.
How many employees does Devolver Digital have? As of today, Devolver Digital has 235 employees.
Who is the CEO of Devolver Digital? Devolver Digital's CEO is Mr. Harry Miller.
Is Devolver Digital publicy listed? Yes, Devolver Digital is a public company listed on LON.
What is the stock symbol of Devolver Digital? Devolver Digital trades under DEVO ticker.
When did Devolver Digital go public? Devolver Digital went public in 2021.
Who are competitors of Devolver Digital? Similar companies to Devolver Digital include e.g. Azerion Group, PlaySide Studios, Trophy Games, Remedy Entertainment.
What is the current market cap of Devolver Digital? Devolver Digital's current market cap is $124M
What is the current revenue of Devolver Digital? Devolver Digital's last 12-month revenue is $82.1M.
What is the current EBITDA of Devolver Digital? Devolver Digital's last 12-month EBITDA is $4.8M.
What is the current EV/Revenue multiple of Devolver Digital? Current revenue multiple of Devolver Digital is 0.8x.
What is the current EV/EBITDA multiple of Devolver Digital? Current EBITDA multiple of Devolver Digital is 13.3x.
What is the current revenue growth of Devolver Digital? Devolver Digital revenue growth between 2023 and 2024 was -31%.
Is Devolver Digital profitable? Yes, Devolver Digital is EBITDA-positive (as of the last 12 months).

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