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Incuvo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Incuvo and similar public comparables like Red Square Games, Varsav Game Studios, Longterm Games, Sheepyard and more.
Incuvo Overview
About Incuvo
Incuvo SA is engaged in the game development business. It ports and produces VR games on a work for hire basis. Some of the games offered by the company include Blair Witch, Layers of Fear, Super Hero Fight Club, Createrria 2, and Crowdy Farm Puzzle.
Founded
2011
HQ
Employees
N/A
Website
Financials (FY)
EV
$2M
Incuvo Financials
Incuvo reported last fiscal year revenue of $3M and negative EBITDA of ($114K).
In the same fiscal year, Incuvo generated $3M in gross profit, ($114K) in EBITDA losses, and had net loss of ($655K).
Incuvo P&L
In the most recent fiscal year, Incuvo reported revenue of $3M and EBITDA of ($114K).
Incuvo 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 | 104% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($114K) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (4%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (25%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($655K) | XXX | XXX | XXX |
| Net Margin | — | XXX | (20%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Incuvo Stock Performance
Incuvo has current market cap of $3M, and enterprise value of $2M.
Market Cap Evolution
Incuvo's stock price is $0.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2M | $3M | 0.1% | XXX | XXX | XXX | $-0.05 |
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Start Free TrialIncuvo Valuation Multiples
Incuvo trades at 0.5x EV/Revenue multiple, and (13.8x) EV/EBITDA.
Incuvo Financial Valuation Multiples
As of April 20, 2026, Incuvo has market cap of $3M and EV of $2M.
Equity research analysts estimate Incuvo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Incuvo has a P/E ratio of (4.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3M | XXX | $3M | XXX | XXX | XXX |
| EV (current) | $2M | XXX | $2M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (13.8x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (1.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 0.5x | XXX | XXX | XXX |
| P/E | — | XXX | (4.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 3.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Incuvo 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.
Incuvo Margins & Growth Rates
Incuvo's revenue in the last fiscal year declined by (22%).
Incuvo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (22%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (113%) | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 129% | XXX | XXX | XXX |
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Incuvo Public Comps
See public comps and valuation multiples for other Gaming - Mobile and Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Incuvo | XXX | XXX | XXX | XXX | XXX | XXX |
| Red Square Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Varsav Game Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| Longterm Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Sheepyard | XXX | XXX | XXX | XXX | XXX | XXX |
| Road Studio | 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.
Incuvo M&A Activity
Incuvo acquired XXX companies to date.
Last acquisition by Incuvo was on XXXXXXXX, XXXXX. Incuvo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Incuvo
| 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 TrialIncuvo Investment Activity
Incuvo invested in XXX companies to date.
Incuvo made its latest investment on XXXXXXXX, XXXXX. Incuvo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Incuvo
| 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 Incuvo
| When was Incuvo founded? | Incuvo was founded in 2011. |
| Where is Incuvo headquartered? | Incuvo is headquartered in Poland. |
| Is Incuvo publicly listed? | Yes, Incuvo is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Incuvo? | Incuvo trades under IVO ticker. |
| When did Incuvo go public? | Incuvo went public in 2021. |
| Who are competitors of Incuvo? | Incuvo main competitors are Red Square Games, Varsav Game Studios, Longterm Games, Sheepyard. |
| What is the current market cap of Incuvo? | Incuvo's current market cap is $3M. |
| What is the current revenue of Incuvo? | Incuvo's last fiscal year revenue is $3M. |
| What is the current EV/Revenue multiple of Incuvo? | Current revenue multiple of Incuvo is 0.5x. |
| Is Incuvo profitable? | No, Incuvo is not profitable. |
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