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Fortifai Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fortifai and similar public comparables like Rank One Computing, Link Bilgisayar, Lemonsoft, Arab Sea and more.
Fortifai Overview
About Fortifai
Fortifai Ltd is engaged in developing and commercialising technology with a focus on AI. It has developed a broad portfolio of video games for console, PC, and mobile platforms. Mobile games and apps developed and/or published by the company are made available for customers on different app stores, including Apple’s App Store, Google Play, and other platforms. The company uses AI to target efficiencies and expansion opportunities in technology. In addition to receiving fees for development work from clients, Fortifai monetises its games and apps through In-App purchases and advertising offered to consumers within games and apps for smartphones and tablets. It reports its business activities in one area: video games development.
Founded
2018
HQ

Employees
N/A
Website
Financials (FY)
EV
$110M
Fortifai Financials
Fortifai reported last fiscal year revenue of $3M and negative EBITDA of ($1M).
In the same fiscal year, Fortifai generated $3M in gross profit, ($1M) in EBITDA losses, and had net loss of ($1M).
Fortifai P&L
In the most recent fiscal year, Fortifai reported revenue of $3M and EBITDA of ($1M).
Fortifai expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $3M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 100% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($1M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (41%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (89%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($1M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (46%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fortifai Stock Performance
Fortifai has current market cap of $110M, and enterprise value of $110M.
Market Cap Evolution
Fortifai's stock price is $0.34.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $110M | $110M | — | XXX | XXX | XXX | $-0.00 |
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Start Free TrialFortifai Valuation Multiples
Fortifai trades at 37.1x EV/Revenue multiple, and (90.0x) EV/EBITDA.
Fortifai Financial Valuation Multiples
As of March 29, 2026, Fortifai has market cap of $110M and EV of $110M.
Equity research analysts estimate Fortifai's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fortifai has a P/E ratio of (80.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $110M | XXX | $110M | XXX | XXX | XXX |
| EV (current) | $110M | XXX | $110M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 37.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (90.0x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (41.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 37.1x | XXX | XXX | XXX |
| P/E | — | XXX | (80.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (155.3x) | XXX | XXX | XXX |
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Verified Fortifai Valuation Multiples
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Fortifai Margins & Growth Rates
Fortifai's revenue in the last fiscal year declined by (8%).
Fortifai Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (41%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (56%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 162% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 189% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fortifai Public Comps
See public comps and valuation multiples for other Vertical AI Applications and ERP Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rank One Computing | XXX | XXX | XXX | XXX | XXX | XXX |
| Link Bilgisayar | XXX | XXX | XXX | XXX | XXX | XXX |
| Lemonsoft | XXX | XXX | XXX | XXX | XXX | XXX |
| Arab Sea | XXX | XXX | XXX | XXX | XXX | XXX |
| Ntt Data Intramart | 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.
Fortifai M&A Activity
Fortifai acquired XXX companies to date.
Last acquisition by Fortifai was on XXXXXXXX, XXXXX. Fortifai acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fortifai
| 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 TrialFortifai Investment Activity
Fortifai invested in XXX companies to date.
Fortifai made its latest investment on XXXXXXXX, XXXXX. Fortifai invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fortifai
| 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 Fortifai
| When was Fortifai founded? | Fortifai was founded in 2018. |
| Where is Fortifai headquartered? | Fortifai is headquartered in Australia. |
| Is Fortifai publicly listed? | Yes, Fortifai is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Fortifai? | Fortifai trades under FTI ticker. |
| When did Fortifai go public? | Fortifai went public in 2021. |
| Who are competitors of Fortifai? | Fortifai main competitors are Rank One Computing, Link Bilgisayar, Lemonsoft, Arab Sea. |
| What is the current market cap of Fortifai? | Fortifai's current market cap is $110M. |
| What is the current revenue of Fortifai? | Fortifai's last fiscal year revenue is $3M. |
| What is the current EV/Revenue multiple of Fortifai? | Current revenue multiple of Fortifai is 37.1x. |
| Is Fortifai profitable? | No, Fortifai is not profitable. |
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