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- Iconovo
Iconovo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Iconovo and similar public comparables like Predict, Lucyd, Carmat, Bio-Gate and more.
Iconovo Overview
About Iconovo
Iconovo AB develops new inhaled medicinal products in collaboration with international pharmaceutical companies. The company provides several types of patent-protected inhalers that can generate commercial opportunities in the development of novel pharmaceuticals and vaccines and at patent expirations for established pharmaceuticals. The project is a generic version of the asthma and COPD product Symbicort.
Founded
2013
HQ

Employees
25
Website
Sectors
Financials (LTM)
EV
$6M
Iconovo Financials
Iconovo reported last 12-month revenue of $996K and negative EBITDA of ($4M).
In the same LTM period, Iconovo generated $661K in gross profit, ($4M) in EBITDA losses, and had net loss of ($3M).
Revenue (LTM)
Iconovo P&L
In the most recent fiscal year, Iconovo reported revenue of $121K and EBITDA of ($4M).
Iconovo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $996K | XXX | $121K | XXX | XXX | XXX |
| Gross Profit | $661K | XXX | $1M | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 1042% | XXX | XXX | XXX |
| EBITDA | ($4M) | XXX | ($4M) | XXX | XXX | XXX |
| EBITDA Margin | (369%) | XXX | (3006%) | XXX | XXX | XXX |
| EBIT Margin | (469%) | XXX | (3902%) | XXX | XXX | XXX |
| Net Profit | ($3M) | XXX | ($5M) | XXX | XXX | XXX |
| Net Margin | (350%) | XXX | (3924%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Iconovo Stock Performance
Iconovo has current market cap of $7M, and enterprise value of $6M.
Market Cap Evolution
Iconovo's stock price is $0.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6M | $7M | 0.3% | XXX | XXX | XXX | $-0.09 |
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Start Free TrialIconovo Valuation Multiples
Iconovo trades at 6.1x EV/Revenue multiple, and (1.7x) EV/EBITDA.
EV / Revenue (LTM)
Iconovo Financial Valuation Multiples
As of April 20, 2026, Iconovo has market cap of $7M and EV of $6M.
Equity research analysts estimate Iconovo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Iconovo has a P/E ratio of (2.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7M | XXX | $7M | XXX | XXX | XXX |
| EV (current) | $6M | XXX | $6M | XXX | XXX | XXX |
| EV/Revenue | 6.1x | XXX | 50.6x | XXX | XXX | XXX |
| EV/EBITDA | (1.7x) | XXX | (1.7x) | XXX | XXX | XXX |
| EV/EBIT | (1.3x) | XXX | (1.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 9.2x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | (2.0x) | XXX | (1.5x) | XXX | XXX | XXX |
| EV/FCF | (1.6x) | XXX | (1.2x) | XXX | XXX | XXX |
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Verified Iconovo 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.


Iconovo Margins & Growth Rates
Iconovo's revenue in the last 12 month grew by 123%.
Iconovo's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.2M for the same period.
Iconovo's rule of 40 is 2364% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Iconovo's rule of X is 6034% (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).
Iconovo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 123% | XXX | 2446% | XXX | XXX | XXX |
| EBITDA Margin | (369%) | XXX | (3006%) | XXX | XXX | XXX |
| EBITDA Growth | (21%) | XXX | (30%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 2364% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 6034% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4944% | XXX | XXX | XXX |
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Iconovo Public Comps
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Iconovo M&A Activity
Iconovo acquired XXX companies to date.
Last acquisition by Iconovo was on XXXXXXXX, XXXXX. Iconovo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Iconovo
| 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 TrialIconovo Investment Activity
Iconovo invested in XXX companies to date.
Iconovo made its latest investment on XXXXXXXX, XXXXX. Iconovo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Iconovo
| 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 Iconovo
| When was Iconovo founded? | Iconovo was founded in 2013. |
| Where is Iconovo headquartered? | Iconovo is headquartered in Sweden. |
| How many employees does Iconovo have? | As of today, Iconovo has over 25 employees. |
| Is Iconovo publicly listed? | Yes, Iconovo is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Iconovo? | Iconovo trades under ICO ticker. |
| When did Iconovo go public? | Iconovo went public in 2018. |
| Who are competitors of Iconovo? | Iconovo main competitors are Predict, Lucyd, Carmat, Bio-Gate. |
| What is the current market cap of Iconovo? | Iconovo's current market cap is $7M. |
| What is the current revenue of Iconovo? | Iconovo's last 12 months revenue is $996K. |
| What is the current revenue growth of Iconovo? | Iconovo revenue growth (NTM/LTM) is 123%. |
| What is the current EV/Revenue multiple of Iconovo? | Current revenue multiple of Iconovo is 6.1x. |
| Is Iconovo profitable? | No, Iconovo is not profitable. |
| What is the current EBITDA of Iconovo? | Iconovo has negative EBITDA and is not profitable. |
| What is Iconovo's EBITDA margin? | Iconovo's last 12 months EBITDA margin is (369%). |
| What is the current EV/EBITDA multiple of Iconovo? | Current EBITDA multiple of Iconovo is (1.7x). |
| What is the current FCF of Iconovo? | Iconovo's last 12 months FCF is ($4M). |
| What is Iconovo's FCF margin? | Iconovo's last 12 months FCF margin is (391%). |
| What is the current EV/FCF multiple of Iconovo? | Current FCF multiple of Iconovo is (1.6x). |
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