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Netlist Valuation Multiples
Discover revenue and EBITDA valuation multiples for Netlist and similar public comparables like Elma Electronic, Canaan, Moschip Technologies, Kopin and more.
Netlist Overview
About Netlist
Netlist Inc is involved in the business of designing and manufacturing modular memory subsystems and also cloud service providers. Its products include Storage class memory, nonvolatile memory, enterprise SSD and embedded flash. The company's products are based on its proprietary technologies such as Presight technology, Distributed buffer architecture, IC design, PCB designs, Thermal management designs. Company has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age.
Founded
2000
HQ

Employees
66
Website
Financials (LTM)
EV
$374M
Netlist Financials
Netlist reported last 12-month revenue of $213M.
In the same LTM period, Netlist generated $16M in gross profit and had net loss of ($21M).
Revenue (LTM)
Netlist P&L
In the most recent fiscal year, Netlist reported revenue of $147M and EBITDA of ($55M).
Netlist expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $213M | XXX | $147M | XXX | XXX | XXX |
| Gross Profit | $16M | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 2% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($55M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (37%) | XXX | XXX | XXX |
| EBIT Margin | (9%) | XXX | (38%) | XXX | XXX | XXX |
| Net Profit | ($21M) | XXX | ($54M) | XXX | XXX | XXX |
| Net Margin | (10%) | XXX | (37%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Netlist Stock Performance
Netlist has current market cap of $381M, and enterprise value of $374M.
Market Cap Evolution
Netlist's stock price is $1.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $374M | $381M | 0.0% | XXX | XXX | XXX | $-0.18 |
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Start Free TrialNetlist Valuation Multiples
Netlist trades at 1.8x EV/Revenue multiple, and (6.8x) EV/EBITDA.
EV / Revenue (LTM)
Netlist Financial Valuation Multiples
As of March 10, 2026, Netlist has market cap of $381M and EV of $374M.
Equity research analysts estimate Netlist's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Netlist has a P/E ratio of (18.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $381M | XXX | $381M | XXX | XXX | XXX |
| EV (current) | $374M | XXX | $374M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (6.8x) | XXX | XXX | XXX |
| EV/EBIT | (19.9x) | XXX | (6.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 24.1x | XXX | 129.8x | XXX | XXX | XXX |
| P/E | (18.1x) | XXX | (7.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (10.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Netlist 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.


Netlist Margins & Growth Rates
Netlist's revenue in the last 12 month grew by 52%.
Netlist's revenue per employee in the last FY averaged $3.2M.
Netlist Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 52% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (37%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (11%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 34% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Netlist Public Comps
See public comps and valuation multiples for other Electronic Components and Semiconductors comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Elma Electronic | XXX | XXX | XXX | XXX | XXX | XXX |
| Canaan | XXX | XXX | XXX | XXX | XXX | XXX |
| Moschip Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Kopin | XXX | XXX | XXX | XXX | XXX | XXX |
| Incap | 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.
Netlist M&A Activity
Netlist acquired XXX companies to date.
Last acquisition by Netlist was on XXXXXXXX, XXXXX. Netlist acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Netlist
| 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 TrialNetlist Investment Activity
Netlist invested in XXX companies to date.
Netlist made its latest investment on XXXXXXXX, XXXXX. Netlist invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Netlist
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbout Netlist
| When was Netlist founded? | Netlist was founded in 2000. |
| Where is Netlist headquartered? | Netlist is headquartered in United States. |
| How many employees does Netlist have? | As of today, Netlist has over 66 employees. |
| Is Netlist publicly listed? | Yes, Netlist is a public company listed on OTC Pink Sheets. |
| What is the stock symbol of Netlist? | Netlist trades under NLST ticker. |
| When did Netlist go public? | Netlist went public in 2006. |
| Who are competitors of Netlist? | Netlist main competitors are Elma Electronic, Canaan, Moschip Technologies, Kopin. |
| What is the current market cap of Netlist? | Netlist's current market cap is $381M. |
| What is the current revenue of Netlist? | Netlist's last 12 months revenue is $213M. |
| What is the current revenue growth of Netlist? | Netlist revenue growth (NTM/LTM) is 52%. |
| What is the current EV/Revenue multiple of Netlist? | Current revenue multiple of Netlist is 1.8x. |
| Is Netlist profitable? | No, Netlist is not profitable. |
| What is the current net income of Netlist? | Netlist's last 12 months net income is ($21M). |
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