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Devolver Digital Valuation Multiples
Discover revenue and EBITDA valuation multiples for Devolver Digital and similar public comparables like Enad Global 7, Nihon Falcom, GOLFZON Gold, iDreamSky Tech Holdings and more.
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. The company operates in the USA and Canada, Croatia, the UK, the Netherlands, and Poland. The majority of revenues are from the USA and Canada.
Founded
2008
HQ

Employees
276
Website
Sectors
Financials (FY)
EV
$117M
Devolver Digital Financials
Devolver Digital reported last fiscal year revenue of $105M and EBITDA of $19M.
In the same fiscal year, Devolver Digital generated $30M in gross profit, $19M in EBITDA, and had net loss of ($6M).
Devolver Digital P&L
In the most recent fiscal year, Devolver Digital reported revenue of $105M and EBITDA of $19M.
Devolver Digital expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $105M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $30M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 29% | XXX | XXX | XXX |
| EBITDA | — | XXX | $19M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (8%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($6M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (6%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Devolver Digital Stock Performance
Devolver Digital has current market cap of $151M, and enterprise value of $117M.
Market Cap Evolution
Devolver Digital's stock price is $0.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $117M | $151M | -0.7% | XXX | XXX | XXX | $-0.01 |
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Start Free TrialDevolver Digital Valuation Multiples
Devolver Digital trades at 1.1x EV/Revenue multiple, and 6.2x EV/EBITDA.
Devolver Digital Financial Valuation Multiples
As of April 5, 2026, Devolver Digital has market cap of $151M and EV of $117M.
Equity research analysts estimate Devolver Digital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Devolver Digital has a P/E ratio of (24.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $151M | XXX | $151M | XXX | XXX | XXX |
| EV (current) | $117M | XXX | $117M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (14.2x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.9x | XXX | XXX | XXX |
| P/E | — | XXX | (24.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (13.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Devolver Digital 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.


Devolver Digital Margins & Growth Rates
Devolver Digital's revenue in the last fiscal year grew by 13%.
Devolver Digital's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Devolver Digital Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 188% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Devolver Digital Public Comps
See public comps and valuation multiples for other Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Enad Global 7 | XXX | XXX | XXX | XXX | XXX | XXX |
| Nihon Falcom | XXX | XXX | XXX | XXX | XXX | XXX |
| GOLFZON Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| iDreamSky Tech Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Azerion Group | 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 Activity
Devolver Digital acquired XXX companies to date.
Last acquisition by Devolver Digital was on XXXXXXXX, XXXXX. Devolver Digital acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Devolver Digital
| 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 TrialDevolver Digital Investment Activity
Devolver Digital invested in XXX companies to date.
Devolver Digital made its latest investment on XXXXXXXX, XXXXX. Devolver Digital invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Devolver Digital
| 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 Devolver Digital
| When was Devolver Digital founded? | Devolver Digital was founded in 2008. |
| Where is Devolver Digital headquartered? | Devolver Digital is headquartered in United States. |
| How many employees does Devolver Digital have? | As of today, Devolver Digital has over 276 employees. |
| Who is the CEO of Devolver Digital? | Devolver Digital's CEO is Harry Miller. |
| Is Devolver Digital publicly listed? | Yes, Devolver Digital is a public company listed on London Stock Exchange. |
| 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? | Devolver Digital main competitors are Enad Global 7, Nihon Falcom, GOLFZON Gold, iDreamSky Tech Holdings. |
| What is the current market cap of Devolver Digital? | Devolver Digital's current market cap is $151M. |
| What is the current revenue of Devolver Digital? | Devolver Digital's last fiscal year revenue is $105M. |
| What is the current EV/Revenue multiple of Devolver Digital? | Current revenue multiple of Devolver Digital is 1.1x. |
| Is Devolver Digital profitable? | No, Devolver Digital is not profitable. |
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