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Elutia Valuation Multiples
Discover revenue and EBITDA valuation multiples for Elutia and similar public comparables like Nutriband, Accuray, electroCore, OssDsign and more.
Elutia Overview
About Elutia
Elutia Inc Formerly Aziyo Biologics Inc is a commercial-stage regenerative medicine company focused on creating the next generation of differentiated products and improving outcomes in patients undergoing surgery, concentrating on patients receiving implantable medical devices. The company's segments include Device Protection, Womenβs Health and Cardiovascular. It generates maximum revenue from the Women's Health segment. The products of the company are targeted to address unmet clinical needs with the goal of promoting healthy tissue formation and avoiding complications associated with medical device implants, such as scar-tissue formation, capsular contraction, erosion, migration, non-union of implants and implant rejection.
Founded
2015
HQ

Employees
51
Website
Financials (LTM)
EV
$19M
Elutia Financials
Elutia reported last 12-month revenue of $12M and negative EBITDA of ($13M).
In the same LTM period, Elutia generated $7M in gross profit, ($13M) in EBITDA losses, and $31M in net income.
Revenue (LTM)
Elutia P&L
In the most recent fiscal year, Elutia reported revenue of $12M and EBITDA of ($13M).
Elutia expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12M | XXX | $12M | XXX | XXX | XXX |
| Gross Profit | $7M | XXX | $7M | XXX | XXX | XXX |
| Gross Margin | 54% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | ($13M) | XXX | ($13M) | XXX | XXX | XXX |
| EBITDA Margin | (105%) | XXX | (104%) | XXX | XXX | XXX |
| EBIT Margin | (215%) | XXX | (150%) | XXX | XXX | XXX |
| Net Profit | $31M | XXX | $53M | XXX | XXX | XXX |
| Net Margin | 250% | XXX | 434% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Elutia Stock Performance
Elutia has current market cap of $51M, and enterprise value of $19M.
Market Cap Evolution
Elutia's stock price is $1.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19M | $51M | 0.0% | XXX | XXX | XXX | $1.25 |
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Start Free TrialElutia Valuation Multiples
Elutia trades at 1.6x EV/Revenue multiple, and (1.5x) EV/EBITDA.
EV / Revenue (LTM)
Elutia Financial Valuation Multiples
As of April 19, 2026, Elutia has market cap of $51M and EV of $19M.
Equity research analysts estimate Elutia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Elutia has a P/E ratio of 1.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $51M | XXX | $51M | XXX | XXX | XXX |
| EV (current) | $19M | XXX | $19M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | (1.5x) | XXX | (1.5x) | XXX | XXX | XXX |
| EV/EBIT | (0.7x) | XXX | (1.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| P/E | 1.7x | XXX | 1.0x | XXX | XXX | XXX |
| EV/FCF | β | XXX | (0.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Elutia 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.


Elutia Margins & Growth Rates
Elutia's revenue in the last 12 month grew by 1%.
Elutia's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.5M for the same period.
Elutia's rule of 40 is (110%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Elutia's rule of X is (113%) (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).
Elutia Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | (105%) | XXX | (104%) | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | (110%) | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | (113%) | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 52% | XXX | 47% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 126% | XXX | 123% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 38% | XXX | 34% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 203% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Elutia Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Elutia | XXX | XXX | XXX | XXX | XXX | XXX |
| Nutriband | XXX | XXX | XXX | XXX | XXX | XXX |
| Accuray | XXX | XXX | XXX | XXX | XXX | XXX |
| electroCore | XXX | XXX | XXX | XXX | XXX | XXX |
| OssDsign | XXX | XXX | XXX | XXX | XXX | XXX |
| HeartBeam | 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.
Elutia M&A Activity
Elutia acquired XXX companies to date.
Last acquisition by Elutia was on XXXXXXXX, XXXXX. Elutia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Elutia
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialElutia Investment Activity
Elutia invested in XXX companies to date.
Elutia made its latest investment on XXXXXXXX, XXXXX. Elutia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Elutia
| 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 Elutia
| When was Elutia founded? | Elutia was founded in 2015. |
| Where is Elutia headquartered? | Elutia is headquartered in United States. |
| How many employees does Elutia have? | As of today, Elutia has over 51 employees. |
| Who is the CEO of Elutia? | Elutia's CEO is C. Randal Mills. |
| Is Elutia publicly listed? | Yes, Elutia is a public company listed on Nasdaq. |
| What is the stock symbol of Elutia? | Elutia trades under ELUT ticker. |
| When did Elutia go public? | Elutia went public in 2020. |
| Who are competitors of Elutia? | Elutia main competitors are Nutriband, Accuray, electroCore, OssDsign. |
| What is the current market cap of Elutia? | Elutia's current market cap is $51M. |
| What is the current revenue of Elutia? | Elutia's last 12 months revenue is $12M. |
| What is the current revenue growth of Elutia? | Elutia revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Elutia? | Current revenue multiple of Elutia is 1.6x. |
| Is Elutia profitable? | No, Elutia is not profitable. |
| What is the current EBITDA of Elutia? | Elutia has negative EBITDA and is not profitable. |
| What is Elutia's EBITDA margin? | Elutia's last 12 months EBITDA margin is (105%). |
| What is the current EV/EBITDA multiple of Elutia? | Current EBITDA multiple of Elutia is (1.5x). |
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