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IO Biotech Valuation Multiples

Discover revenue and EBITDA valuation multiples for IO Biotech and similar public comparables like Vivoryon Therapeutics, Pharming, and Galapagos.

IO Biotech Overview

About IO Biotech

IO Biotech Inc is a clinical-stage biopharmaceutical company developing novel, immune-modulating cancer vaccines based on T-win technology platform. The product candidates are designed to induce the immune system to simultaneously target and disrupt multiple pathways that regulate tumor-induced immunosuppression.


Founded

2021

HQ

United States of America
Employees

68

Website

iobiotech.com

Financials

Last FY Revenue n/a

LTM EBITDA -$91.0M

EV

$57.6M

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IO Biotech Financials

IO Biotech has a last 12-month revenue (LTM) of n/a and a last 12-month EBITDA of -$91.0M.

In the most recent fiscal year, IO Biotech achieved revenue of n/a and an EBITDA of -$94.3M.

IO Biotech expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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IO Biotech P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue n/a XXX n/a XXX XXX XXX
Gross Profit n/a XXX n/a XXX XXX XXX
Gross Margin n/a XXX n/a XXX XXX XXX
EBITDA -$91.0M XXX -$94.3M XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBIT -$95.9M XXX -$95.2M XXX XXX XXX
EBIT Margin n/a XXX n/a XXX XXX XXX
Net Profit -$95.9M XXX -$95.5M XXX XXX XXX
Net Margin n/a XXX n/a XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

IO Biotech Stock Performance

As of May 30, 2025, IO Biotech's stock price is $1.

IO Biotech has current market cap of $92.9M, and EV of $57.6M.

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IO Biotech Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$57.6M $92.9M XXX XXX XXX XXX $-1.27

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IO Biotech Valuation Multiples

As of May 30, 2025, IO Biotech has market cap of $92.9M and EV of $57.6M.

IO Biotech's trades at n/a EV/Revenue multiple, and -0.6x EV/EBITDA.

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

IO Biotech has a P/E ratio of -1.0x.

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IO Biotech Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $92.9M XXX $92.9M XXX XXX XXX
EV (current) $57.6M XXX $57.6M XXX XXX XXX
EV/Revenue n/a XXX n/a XXX XXX XXX
EV/EBITDA -0.6x XXX -0.6x XXX XXX XXX
EV/EBIT -0.6x XXX -0.6x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E -1.0x XXX -1.0x XXX XXX XXX
EV/FCF n/a XXX -0.7x XXX XXX XXX

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IO Biotech Margins & Growth Rates

IO Biotech's revenue per employee in the last FY averaged n/a, while opex per employee averaged $1.4M for the same period.

IO Biotech's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

IO Biotech's rule of X is n/a (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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IO Biotech Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth 0% XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX n/a XXX XXX XXX
Opex per Employee XXX XXX $1.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX n/a XXX XXX XXX

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IO Biotech Public Comps

See public comps and valuation multiples for Drug Development & Therapeutics and Vaccines & Immunotherapies comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Benevolent AI XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics 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.

IO Biotech M&A and Investment Activity

IO Biotech acquired  XXX companies to date.

Last acquisition by IO Biotech was  XXXXXXXX, XXXXX XXXXX XXXXXX . IO Biotech acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by IO Biotech

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About IO Biotech

When was IO Biotech founded? IO Biotech was founded in 2021.
Where is IO Biotech headquartered? IO Biotech is headquartered in United States of America.
How many employees does IO Biotech have? As of today, IO Biotech has 68 employees.
Who is the CEO of IO Biotech? IO Biotech's CEO is Dr. Mai-Britt Zocca, PhD.
Is IO Biotech publicy listed? Yes, IO Biotech is a public company listed on NAS.
What is the stock symbol of IO Biotech? IO Biotech trades under IOBT ticker.
When did IO Biotech go public? IO Biotech went public in 2021.
Who are competitors of IO Biotech? Similar companies to IO Biotech include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of IO Biotech? IO Biotech's current market cap is $92.9M
Is IO Biotech profitable? Yes, IO Biotech is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of IO Biotech? IO Biotech's last 12 months EBITDA is -$91.0M.
What is the current EV/EBITDA multiple of IO Biotech? Current EBITDA multiple of IO Biotech is -0.6x.

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