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electroCore Valuation Multiples
Discover revenue and EBITDA valuation multiples for electroCore and similar public comparables like Spectral AI, Daxor, Modulight, AOTI and more.
electroCore Overview
About electroCore
electroCore Inc is a commercial stage bioelectronic medicine company with a platform for non-invasive vagus nerve stimulation therapy initially focused on neurology. The company's product gammaCore is Food and Drug Administration cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, the acute treatment of pain associated with migraine headache in adult patients, and the prevention of migraine in adult patients, The use of gammaCore by adolescent patients and Treatment of hemicrania continua and paroxysmal hemicrania in adult patients.
Founded
2005
HQ
Employees
73
Website
Financials (LTM)
EV
$52M
electroCore Financials
electroCore reported last 12-month revenue of $35M and negative EBITDA of ($7M).
In the same LTM period, electroCore generated $30M in gross profit, ($7M) in EBITDA losses, and had net loss of ($13M).
Revenue (LTM)
electroCore P&L
In the most recent fiscal year, electroCore reported revenue of $32M and EBITDA of ($9M).
electroCore expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $35M | XXX | $32M | XXX | XXX | XXX |
| Gross Profit | $30M | XXX | $28M | XXX | XXX | XXX |
| Gross Margin | 86% | XXX | 87% | XXX | XXX | XXX |
| EBITDA | ($7M) | XXX | ($9M) | XXX | XXX | XXX |
| EBITDA Margin | (20%) | XXX | (27%) | XXX | XXX | XXX |
| EBIT Margin | (36%) | XXX | (41%) | XXX | XXX | XXX |
| Net Profit | ($13M) | XXX | ($14M) | XXX | XXX | XXX |
| Net Margin | (38%) | XXX | (44%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
electroCore Stock Performance
electroCore has current market cap of $54M, and enterprise value of $52M.
Market Cap Evolution
electroCore's stock price is $6.65.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $52M | $54M | 7.1% | XXX | XXX | XXX | $-1.73 |
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Start Free TrialelectroCore Valuation Multiples
electroCore trades at 1.5x EV/Revenue multiple, and (7.3x) EV/EBITDA.
EV / Revenue (LTM)
electroCore Financial Valuation Multiples
As of April 11, 2026, electroCore has market cap of $54M and EV of $52M.
Equity research analysts estimate electroCore's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
electroCore has a P/E ratio of (4.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $54M | XXX | $54M | XXX | XXX | XXX |
| EV (current) | $52M | XXX | $52M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | (7.3x) | XXX | (5.9x) | XXX | XXX | XXX |
| EV/EBIT | (4.2x) | XXX | (3.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | (4.1x) | XXX | (3.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified electroCore 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.
electroCore Margins & Growth Rates
electroCore's revenue in the last 12 month grew by 31%.
electroCore's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.6M for the same period.
electroCore's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
electroCore's rule of X is 71% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
electroCore Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Margin | (20%) | XXX | (27%) | XXX | XXX | XXX |
| EBITDA Growth | (88%) | XXX | (69%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 128% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
electroCore Public Comps
See public comps and valuation multiples for other Medical Devices and Diagnostics & Genomics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spectral AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Daxor | XXX | XXX | XXX | XXX | XXX | XXX |
| Modulight | XXX | XXX | XXX | XXX | XXX | XXX |
| AOTI | XXX | XXX | XXX | XXX | XXX | XXX |
| Anatolia Geneworks | 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.
electroCore M&A Activity
electroCore acquired XXX companies to date.
Last acquisition by electroCore was on XXXXXXXX, XXXXX. electroCore acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by electroCore
| 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 TrialelectroCore Investment Activity
electroCore invested in XXX companies to date.
electroCore made its latest investment on XXXXXXXX, XXXXX. electroCore invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by electroCore
| 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 electroCore
| When was electroCore founded? | electroCore was founded in 2005. |
| Where is electroCore headquartered? | electroCore is headquartered in United States. |
| How many employees does electroCore have? | As of today, electroCore has over 73 employees. |
| Who is the CEO of electroCore? | electroCore's CEO is Daniel S. Goldberger. |
| Is electroCore publicly listed? | Yes, electroCore is a public company listed on Nasdaq. |
| What is the stock symbol of electroCore? | electroCore trades under ECOR ticker. |
| When did electroCore go public? | electroCore went public in 2018. |
| Who are competitors of electroCore? | electroCore main competitors are Spectral AI, Daxor, Modulight, AOTI. |
| What is the current market cap of electroCore? | electroCore's current market cap is $54M. |
| What is the current revenue of electroCore? | electroCore's last 12 months revenue is $35M. |
| What is the current revenue growth of electroCore? | electroCore revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of electroCore? | Current revenue multiple of electroCore is 1.5x. |
| Is electroCore profitable? | No, electroCore is not profitable. |
| What is the current EBITDA of electroCore? | electroCore has negative EBITDA and is not profitable. |
| What is electroCore's EBITDA margin? | electroCore's last 12 months EBITDA margin is (20%). |
| What is the current EV/EBITDA multiple of electroCore? | Current EBITDA multiple of electroCore is (7.3x). |
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