Hypebeast Valuation Multiples

Hypebeast is valued at $38M as of October 2026, a 0.2x revenue multiple. In the last fiscal year, Hypebeast revenue was $74M and Hypebeast EBITDA was $5M.

Hypebeast Overview

About Hypebeast

Hypebeast is a Hong Kong-listed media and retail company focused on youth fashion, streetwear and contemporary culture. Kevin Ma founded it in 2005 as a sneaker blog, and it has since expanded into fashion, art, music, golf, food and e-commerce. The group has three main divisions: Hypemedia, which runs its online editorial and social platforms, including Hypebeast in multiple languages, Hypebae and Popbee for women, Hypeart and Hypegolf; Hypemaker, an in-house creative agency launched in 2017; and HBX, an online and physical retail platform launched in 2012. It earns most of its revenue from its media segment, selling advertising space and creative agency projects to brands and publishing a print magazine that began in 2012, and it earns product revenue from HBX retail sales. HBX opened a New York flagship store in Chinatown in 2022, the Hypegolf Shop opened in Japan the same year, and in 2018 the company staged its first Hypefest culture festival in New York. Hypebeast moved its listing to the Main Board of the Hong Kong Stock Exchange in 2019.


Founded

2005

HQ

Hong Kong

Employees

387

Financials (Last FY)

Revenue: $74M
EBITDA: $5M

EV

$12M

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Hypebeast Financials

Hypebeast reported last fiscal year revenue of $74M and EBITDA of $5M.

In the same fiscal year, Hypebeast generated $34M in gross profit, $5M in EBITDA, and $2M in net income.


Hypebeast P&L

In the most recent fiscal year, Hypebeast reported revenue of $74M and EBITDA of $5M.

Hypebeast is profitable as of last fiscal year, with gross margin of 45%, EBITDA margin of 6%, and net margin of 3%.

See analyst estimates for Hypebeast
Last FY202320242025202620272028
Revenue$74M$116M$92M$77M
Gross Profit$34M$56M$39M$34M
Gross Margin45%48%42%44%
EBITDA$5M$9M$3M$4M
EBITDA Margin6%7%3%5%
EBIT Margin3%4%(1%)2%
Net Profit$2M$2M($1M)$1M
Net Margin3%2%(1%)1%
Net Debt($15M)---

Financial data powered by Morningstar, Inc.

Hypebeast Stock Performance

Hypebeast has current market cap of $38M, and enterprise value of $12M.

Market Cap Evolution


Hypebeast's stock price is $0.02.

Hypebeast share price decreased by 24.0% in the last year.

See more trading valuation data for Hypebeast
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$12M$38M-0.0%--4.0%-24.0%$0.00

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Hypebeast Valuation Multiples

Hypebeast trades at 0.2x EV/Revenue multiple, and 2.5x EV/EBITDA.

See NTM and 2027E valuation multiples for Hypebeast

Hypebeast Financial Valuation Multiples

As of November 1, 2026, Hypebeast has market cap of $38M and EV of $12M.

Hypebeast has a P/E ratio of 16.9x.

Last FY202320242025202620272028
EV/Revenue0.2x0.1x0.1x0.2x
EV/EBITDA2.5x1.4x4.2x3.1x
EV/EBIT4.6x2.6x(15.6x)8.6x
EV/Gross Profit0.4x0.2x0.3x0.3x
P/E16.9x19.1x(29.0x)37.4x
EV/FCF4.1x3.4x1.4x2.7x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Hypebeast 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.

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Hypebeast Margins & Growth Rates

In the most recent fiscal year, Hypebeast reported gross margin of 45%, EBITDA margin of 6%, and net margin of 3%.

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Hypebeast Margins

Last FY202420252026202720282029
Gross Margin45%42%44%45%
EBITDA Margin6%3%5%6%
EBIT Margin3%(1%)2%3%
Net Margin3%(1%)1%3%
FCF Margin4%9%6%4%

Hypebeast Growth Rates

23/2424/2525/2626/2727/2828/29
Revenue Growth(21%)(17%)(3%)
Gross Profit Growth(30%)(13%)(0%)
EBITDA Growth(67%)36%27%
EBIT Growth(117%)(283%)86%
Net Profit Growth(166%)(178%)122%
FCF Growth145%(50%)(33%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Hypebeast Operational KPIs

Hypebeast's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Hypebeast's Rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hypebeast's Rule of X is (2%) (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).

Access forward-looking KPIs for Hypebeast
Last FY202320242025202620272028
Rule of 403%---
Bessemer Rule of X(2%)---
Revenue per Employee$0.2M---
Opex per Employee$0.1M---
S&M Expenses to Revenue17%20%19%17%
G&A Expenses to Revenue25%24%24%25%
Opex to Revenue42%44%43%42%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Hypebeast Competitors

Hypebeast competitors include Stock3, VerticalScope, Arena Group Holdings, Beaglee, Pacific Online, Digital Chosun, All About, Alpcot Holding, Mackolik and Time Out Group.

Most Hypebeast public comparables operate across Online Content & News.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Stock3$15M$2M2.2x-16.5x-
VerticalScope$58M$16M1.1x1.2x4.1x3.5x
Arena Group Holdings$135M$49M1.0x1.4x2.7x6.4x
Beaglee$106M$15M0.3x0.3x2.3x2.2x
Pacific Online$97M$4M0.1x-2.3x-
Digital Chosun$30M$9M0.7x-2.4x-
All About$98M$1M0.3x0.3x18.6x-
Alpcot Holding$12M$2M2.0x2.0x15.2x8.0x

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Acquisitions by Hypebeast

Hypebeast has acquired 1 company to date.

Last acquisition by Hypebeast was on February 20th 2018. Hypebeast acquired The Berrics for $2M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Hypebeast

The Berrics
Description
The Berrics is an American skateboarding media company and private indoor skatepark in Los Angeles, founded on December 7, 2007 by professional skateboarders Steve Berra and Eric Koston; its name joins the "Ber" of Berra and the "ric" of Eric. Its website and social channels publish video filmed at the park and other skateboarding content, including recurring series, trick contests and the Battle at the Berrics, a one-on-one game-of-SKATE competition that has run for more than a dozen editions, among them a women's version. The company earns money from advertising and brand partnerships with skate and footwear brands such as Etnies and Cariuma, sponsored video series and events, and e-commerce sales of apparel and products. In 2011 it formed a partnership with the La Jolla Group, and in 2018 the Hong Kong-listed media and retail group Hypebeast acquired a majority stake. In January 2023 Berra and Koston announced that they were back in 100% control of The Berrics, saying they had had little influence over the business during Hypebeast's ownership and planned changes to its website, social media, content and e-commerce. The park has since moved to a new location.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date20 Feb 2018
Valuation$2M
EV/Revenue
EV/EBITDA

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About Hypebeast

When was Hypebeast founded?Hypebeast was founded in 2005.
Where is Hypebeast headquartered?Hypebeast is headquartered in Hong Kong.
How many employees does Hypebeast have?As of today, Hypebeast has over 387 employees.
Is Hypebeast publicly listed?Yes, Hypebeast is a public company listed on HKEX.
What is the stock symbol of Hypebeast?Hypebeast trades under 00150 ticker.
When did Hypebeast go public?Hypebeast went public in 2016.
Who are competitors of Hypebeast?Hypebeast main competitors include Stock3, VerticalScope, Arena Group Holdings, Beaglee, Pacific Online, Digital Chosun, All About, Alpcot Holding, Mackolik, Time Out Group.
What is the current market cap of Hypebeast?Hypebeast's current market cap is $38M.
What is the current revenue of Hypebeast?Hypebeast's last fiscal year revenue is $74M.
What is the current EV/Revenue multiple of Hypebeast?Current revenue multiple of Hypebeast is 0.2x.
Is Hypebeast profitable?No, Hypebeast is not profitable.
How many companies Hypebeast has acquired to date?As of November 2026, Hypebeast has acquired 1 company.
What was the largest acquisition by Hypebeast?$2M acquisition of The Berrics on 20th February 2018 was the largest M&A Hypebeast has done to date.
What companies Hypebeast acquired?Hypebeast acquired The Berrics.
In how many companies Hypebeast has invested to date?Hypebeast hasn't invested in any companies yet (or none have been disclosed publicly).

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