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Kalray Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kalray and similar public comparables like Actia, LACROIX Group, Eles, Intchains Group and more.
Kalray Overview
About Kalray
Kalray SA is engaged in developing large-scale core processor solutions that offer high performance, low power consumption and real-time processing. Its MPPA processor family, based on its patented supercomputing on a chip many-core technology, delivers differentiated solutions for server acceleration and data center optimization, as well as for critical embedded applications in aerospace, defense and automotive.
Founded
2008
HQ

Employees
90
Website
Financials (LTM)
EV
$77M
Kalray Financials
Kalray reported last 12-month revenue of $17M and EBITDA of $5M.
In the same LTM period, Kalray generated $5M in EBITDA and had net loss of ($10M).
Revenue (LTM)
Kalray P&L
In the most recent fiscal year, Kalray reported revenue of $29M and EBITDA of ($6M).
Kalray expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17M | XXX | $29M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $33M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 115% | XXX | XXX | XXX |
| EBITDA | $5M | XXX | ($6M) | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | (21%) | XXX | XXX | XXX |
| EBIT Margin | (78%) | XXX | (96%) | XXX | XXX | XXX |
| Net Profit | ($10M) | XXX | ($25M) | XXX | XXX | XXX |
| Net Margin | (58%) | XXX | (87%) | XXX | XXX | XXX |
| Net Debt | — | — | $7M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kalray Stock Performance
Kalray has current market cap of $74M, and enterprise value of $77M.
Market Cap Evolution
Kalray's stock price is $4.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $77M | $74M | (0.9%) | XXX | XXX | XXX | $-1.61 |
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Start Free TrialKalray Valuation Multiples
Kalray trades at 4.6x EV/Revenue multiple, and 15.9x EV/EBITDA.
EV / Revenue (LTM)
Kalray Financial Valuation Multiples
As of March 10, 2026, Kalray has market cap of $74M and EV of $77M.
Equity research analysts estimate Kalray's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kalray has a P/E ratio of (7.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $74M | XXX | $74M | XXX | XXX | XXX |
| EV (current) | $77M | XXX | $77M | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.9x | XXX | (12.9x) | XXX | XXX | XXX |
| EV/EBIT | (5.9x) | XXX | (2.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.4x | XXX | XXX | XXX |
| P/E | (7.5x) | XXX | (3.0x) | XXX | XXX | XXX |
| EV/FCF | (7.9x) | XXX | (3.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kalray 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.


Kalray Margins & Growth Rates
Kalray's revenue in the last 12 month grew by 12%.
Kalray's revenue per employee in the last FY averaged $0.2M.
Kalray's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kalray's rule of X is 60% (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).
Kalray Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | (42%) | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | (21%) | XXX | XXX | XXX |
| EBITDA Growth | 99% | XXX | (167%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 246% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kalray Public Comps
See public comps and valuation multiples for other Semiconductors and Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Actia | XXX | XXX | XXX | XXX | XXX | XXX |
| LACROIX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Eles | XXX | XXX | XXX | XXX | XXX | XXX |
| Intchains Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GCT Semiconductor | 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.
Kalray M&A Activity
Kalray acquired XXX companies to date.
Last acquisition by Kalray was on XXXXXXXX, XXXXX. Kalray acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kalray
| 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 TrialKalray Investment Activity
Kalray invested in XXX companies to date.
Kalray made its latest investment on XXXXXXXX, XXXXX. Kalray invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kalray
| 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 Kalray
| When was Kalray founded? | Kalray was founded in 2008. |
| Where is Kalray headquartered? | Kalray is headquartered in France. |
| How many employees does Kalray have? | As of today, Kalray has over 90 employees. |
| Is Kalray publicly listed? | Yes, Kalray is a public company listed on Euronext Paris. |
| What is the stock symbol of Kalray? | Kalray trades under ALKAL ticker. |
| When did Kalray go public? | Kalray went public in 2018. |
| Who are competitors of Kalray? | Kalray main competitors are Actia, LACROIX Group, Eles, Intchains Group. |
| What is the current market cap of Kalray? | Kalray's current market cap is $74M. |
| What is the current revenue of Kalray? | Kalray's last 12 months revenue is $17M. |
| What is the current revenue growth of Kalray? | Kalray revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Kalray? | Current revenue multiple of Kalray is 4.6x. |
| Is Kalray profitable? | Yes, Kalray is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kalray? | Kalray's last 12 months EBITDA is $5M. |
| What is Kalray's EBITDA margin? | Kalray's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Kalray? | Current EBITDA multiple of Kalray is 15.9x. |
| What is the current FCF of Kalray? | Kalray's last 12 months FCF is ($10M). |
| What is Kalray's FCF margin? | Kalray's last 12 months FCF margin is (58%). |
| What is the current EV/FCF multiple of Kalray? | Current FCF multiple of Kalray is (7.9x). |
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