Ispire Technology - Public Comps and Valuation Multiples

Ispire Technology Overview

About Ispire Technology

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping products in the United States, Europe, Canada, and South Africa. Geographically, the company generates the majority of its revenue from Europe.

Founded

2022

HQ

Employees

Website

ispiretechnology.com

Sectors

Tobacco
Cannabis
CannaTech
ViceTech

Financials

LTM Revenue $149M

LTM EBITDA -$24.1M

EV

$120M

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Ispire Technology Financials

As of September 2025, Ispire Technology reported last 12-month revenue of $149M and EBITDA of -$24.1M.

In the same period, Ispire Technology generated $31.7M in LTM gross profit and -$30.8M in net income.

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Ispire Technology P&L

In the most recent fiscal year, Ispire Technology reported revenue of $127M and EBITDA of -$13.5M.

Ispire Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$149M	XXX	$127M	XXX	XXX	XXX
Gross Profit	$31.7M	XXX	$22.6M	XXX	XXX	XXX
Gross Margin	21%	XXX	18%	XXX	XXX	XXX
EBITDA	-$24.1M	XXX	-$13.5M	XXX	XXX	XXX
EBITDA Margin	-16%	XXX	-11%	XXX	XXX	XXX
EBIT	-$30.6M	XXX	-$15.8M	XXX	XXX	XXX
EBIT Margin	-21%	XXX	-12%	XXX	XXX	XXX
Net Profit	-$30.8M	XXX	-$39.2M	XXX	XXX	XXX
Net Margin	-21%	XXX	-31%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Ispire Technology including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $149M. EBITDA for the last twelve months was -$24.1M. In the most recent fiscal year, Ispire Technology achieved $127M in revenue and -$13.5M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$149M	Analyst estimates available to subscribers	$127M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$31.7M	Analyst estimates available to subscribers	$22.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	21.2% gross margin	Analyst estimates available to subscribers	17.8% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	-$24.1M	Analyst estimates available to subscribers	-$13.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	-16.1% EBITDA margin	Analyst estimates available to subscribers	-10.6% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$30.6M	Analyst estimates available to subscribers	-$15.8M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-20.5% EBIT margin	Analyst estimates available to subscribers	-12.4% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$30.8M	Analyst estimates available to subscribers	-$39.2M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-20.6% net profit margin	Analyst estimates available to subscribers	-30.8% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Ispire Technology

This financial data table provides comprehensive performance metrics for Ispire Technology, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Ispire Technology generated $149M in revenue over the last twelve months.
The company achieved -$24.1M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $31.7M.
Net income over the last twelve months reached -$30.8M.

Fiscal Year Performance

In the most recent fiscal year, Ispire Technology reported $127M in total revenue.
Fiscal year EBITDA was -$13.5M.
The company maintained a gross profit margin of 17.8% in the most recent fiscal year.
EBITDA margin for the fiscal year was -10.6%.
Net profit margin reached -30.8% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Ispire Technology. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Ispire Technology Stock Performance

Ispire Technology has current market cap of $137M, and EV of $120M.

Market Cap Evolution

Ispire Technology Stock Data

As of October 16, 2025, Ispire Technology's stock price is $2.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$120M	$137M	XXX	XXX	XXX	XXX	$-0.54

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Ispire Technology Valuation Multiples

Ispire Technology's trades at 0.9x EV/Revenue multiple, and -9.3x EV/EBITDA.

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Ispire Technology Financial Valuation Multiples

As of October 16, 2025, Ispire Technology has market cap of $137M and EV of $120M.

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

Ispire Technology has a P/E ratio of -4.4x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$137M	XXX	$137M	XXX	XXX	XXX
EV (current)	$120M	XXX	$120M	XXX	XXX	XXX
EV/Revenue	0.8x	XXX	0.9x	XXX	XXX	XXX
EV/EBITDA	-5.0x	XXX	-9.3x	XXX	XXX	XXX
EV/EBIT	-3.9x	XXX	-8.1x	XXX	XXX	XXX
EV/Gross Profit	3.8x	XXX	n/a	XXX	XXX	XXX
P/E	-4.4x	XXX	-5.1x	XXX	XXX	XXX
EV/FCF	n/a	XXX	-7.8x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Ispire Technology Margins & Growth Rates

Ispire Technology's last 12 month revenue growth is 44%

Ispire Technology's revenue per employee in the last FY averaged $1.6M, while opex per employee averaged $0.5M for the same period.

Ispire Technology's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Ispire Technology's rule of X is 95% (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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Ispire Technology Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	44%	XXX	27%	XXX	XXX	XXX
EBITDA Margin	-16%	XXX	-9%	XXX	XXX	XXX
EBITDA Growth	-99%	XXX	n/a	XXX	XXX	XXX
Rule of 40	35%	XXX	35%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	95%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$1.6M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	7%	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	30%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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