FirstWave Valuation Multiples

FirstWave Overview

About FirstWave

FirstWave Cloud Technology Ltd is a technology company offering a comprehensive end-to-end solution for network discovery, management, and cybersecurity by developing and selling network monitoring and internet security software. Its product offerings include NMIS9 (Network Management Information System), Secure Traffic Manager Platform, CyberCision Platform, and Open-Audit (a network auditing discovery solution), among others. The company mainly caters to the needs of MSPs and service providers, government entities, and enterprises. It has only one reportable segment, being the development and sale of software. Geographically, the company generates maximum revenue from its business in Australia, followed by the USA and Canada, Latin America, and the Rest of the world.

Founded

2010

HQ

Employees

N/A

Website

firstwave.com

Sectors

CybersecurityB2B SaaSHorizontal SaaS

Financials (FY)

Revenue: $6M

EBITDA: ($8M)

EV

$9M

Valuation Multiples

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FirstWave Financials

FirstWave reported last fiscal year revenue of $6M and negative EBITDA of ($8M).

In the same fiscal year, FirstWave generated $5M in gross profit, ($8M) in EBITDA losses, and had net loss of ($10M).

FirstWave P&L

In the most recent fiscal year, FirstWave reported revenue of $6M and EBITDA of ($8M).

FirstWave expects next 12-month revenue of XXX and NTM EBITDA of XXX

FirstWave Stock Performance

FirstWave has current market cap of $7M, and enterprise value of $9M.

FirstWave's stock price is $0.00.

FirstWave Valuation Multiples

FirstWave trades at 1.4x EV/Revenue multiple, and (1.1x) EV/EBITDA.

FirstWave Financial Valuation Multiples

As of March 21, 2026, FirstWave has market cap of $7M and EV of $9M.

Equity research analysts estimate FirstWave's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

FirstWave has a P/E ratio of (0.8x).

FirstWave Margins & Growth Rates

FirstWave's revenue in the last fiscal year declined by (13%).

FirstWave Public Comps

See public comps and valuation multiples for other Cybersecurity comps.

FirstWave M&A Activity

FirstWave acquired XXX companies to date.

Last acquisition by FirstWave was on XXXXXXXX, XXXXX. FirstWave acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

FirstWave Investment Activity

FirstWave invested in XXX companies to date.

FirstWave made its latest investment on XXXXXXXX, XXXXX. FirstWave invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).