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Mind Medicine Valuation Multiples

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

Mind Medicine Overview

About Mind Medicine

Mind Medicine Inc. is a late-stage clinical biopharmaceutical company developing novel product candidates to treat brain health disorders. It is developing a pipeline of product candidates targeting neurotransmitter pathways that play key roles in brain health disorders. This includes explicitly pharmaceutically optimized product candidates derived from the psychedelic and empathogen drug classes, including MM120 and MM402, as its key product candidates. The MM120 is a proprietary, pharmaceutically optimized form of lysergide D-tartrate that is being developed to treat generalized anxiety disorder and clinical depressive disorder, and the MM402 is a proprietary form of the R-enantiomer of 3,4-methylenedioxymethamphetamine (MDMA), being developed to treat autism spectrum disorder (ASD).


Founded

2010

HQ

United States of America
Employees

74

Website

mindmed.co

Financials

LTM Revenue n/a

LTM EBITDA -$108M

EV

$166M

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Mind Medicine Financials

Mind Medicine has a last 12-month revenue of n/a and a last 12-month EBITDA of -$108M.

In the most recent fiscal year, Mind Medicine achieved revenue of n/a and an EBITDA of -$106M.

Mind Medicine expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Mind Medicine P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue n/a n/a XXX XXX XXX
Gross Profit n/a n/a XXX XXX XXX
Gross Margin NaN% NaN% XXX XXX XXX
EBITDA -$90.7M -$106M XXX XXX XXX
EBITDA Margin -Infinity% -Infinity% XXX XXX XXX
Net Profit -$56.8M -$95.7M XXX XXX XXX
Net Margin -Infinity% -Infinity% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Mind Medicine Stock Performance

As of April 15, 2025, Mind Medicine's stock price is $6.

Mind Medicine has current market cap of $418M, and EV of $166M.

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Mind Medicine Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$166M $418M XXX XXX XXX XXX $-1.55

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Mind Medicine Valuation Multiples

As of April 15, 2025, Mind Medicine has market cap of $418M and EV of $166M.

Mind Medicine's trades at n/a LTM EV/Revenue multiple, and -1.5x LTM EBITDA.

Analysts estimate Mind Medicine's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Mind Medicine Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $166M XXX XXX XXX
EV/Revenue n/a XXX XXX XXX
EV/EBITDA -1.6x XXX XXX XXX
P/E -3.8x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -2.1x XXX XXX XXX

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Mind Medicine Valuation Multiples

Mind Medicine's NTM/LTM revenue growth is n/a

Mind Medicine's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged $1.4M for the same period.

Over next 12 months, Mind Medicine's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Mind Medicine's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Mind Medicine Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth n/a XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth 17% XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee n/a XXX XXX XXX XXX
Opex per Employee $1.4M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue n/a XXX XXX XXX XXX

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Mind Medicine Public Comps

See public comps and valuation multiples for Drug Development & Therapeutics and Biopharmaceuticals 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.

Mind Medicine M&A and Investment Activity

Mind Medicine acquired  XXX companies to date.

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

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Latest Acquisitions by Mind Medicine

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 Mind Medicine

When was Mind Medicine founded? Mind Medicine was founded in 2010.
Where is Mind Medicine headquartered? Mind Medicine is headquartered in United States of America.
How many employees does Mind Medicine have? As of today, Mind Medicine has 74 employees.
Who is the CEO of Mind Medicine? Mind Medicine's CEO is Mr. Robert B. Barrow.
Is Mind Medicine publicy listed? Yes, Mind Medicine is a public company listed on NAS.
What is the stock symbol of Mind Medicine? Mind Medicine trades under MNMD ticker.
When did Mind Medicine go public? Mind Medicine went public in 2020.
Who are competitors of Mind Medicine? Similar companies to Mind Medicine include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of Mind Medicine? Mind Medicine's current market cap is $418M
What is the current EBITDA of Mind Medicine? Mind Medicine's last 12-month EBITDA is -$108M.
What is the current EV/EBITDA multiple of Mind Medicine? Current EBITDA multiple of Mind Medicine is -1.5x.
Is Mind Medicine profitable? Yes, Mind Medicine is EBITDA-positive (as of the last 12 months).

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