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Nitro Games PLC is a free-to-play mobile game developer and publisher. The company develops and publishes games for international distribution and sells its expertise as a service to international gaming players as part of its services business. The company specializes in action and shooter games. It has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, Raids of Glory, and many more. Geographically, the company generates the majority of its revenue from North America. The company also generates revenue from the EU, the United Kingdom, and Other countries.
2007
47
LTM Revenue $11.7M
LTM EBITDA $2.2M
$6.0M
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Nitro Games has a last 12-month revenue (LTM) of $11.7M and a last 12-month EBITDA of $2.2M.
In the most recent fiscal year, Nitro Games achieved revenue of $1.2M and an EBITDA of $0.2M.
Nitro Games expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nitro Games valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $11.7M | XXX | $1.2M | XXX | XXX | XXX |
| Gross Profit | $8.7M | XXX | $0.9M | XXX | XXX | XXX |
| Gross Margin | 74% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $2.2M | XXX | $0.2M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $0.6M | XXX | $0.1M | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $0.4M | XXX | $49K | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $0.1M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Nitro Games's stock price is SEK 2 (or $0).
Nitro Games has current market cap of SEK 38.1M (or $3.9M), and EV of SEK 57.9M (or $6.0M).
See Nitro Games trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.0M | $3.9M | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of May 30, 2025, Nitro Games has market cap of $3.9M and EV of $6.0M.
Nitro Games's trades at 5.1x EV/Revenue multiple, and 24.0x EV/EBITDA.
Equity research analysts estimate Nitro Games's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nitro Games has a P/E ratio of 10.7x.
See valuation multiples for Nitro Games and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.9M | XXX | $3.9M | XXX | XXX | XXX |
| EV (current) | $6.0M | XXX | $6.0M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 2.7x | XXX | 24.0x | XXX | XXX | XXX |
| EV/EBIT | 10.6x | XXX | 88.6x | XXX | XXX | XXX |
| EV/Gross Profit | 0.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 10.7x | XXX | 80.1x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -87.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNitro Games's last 12 month revenue growth is -11%
Nitro Games's revenue per employee in the last FY averaged $25K, while opex per employee averaged $17K for the same period.
Nitro Games's rule of 40 is -30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nitro Games's rule of X is -8% (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).
See operational valuation multiples for Nitro Games and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -11% | XXX | 205% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | -29% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -30% | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -8% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $25K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $17K | 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 | 67% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| PlaySide Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| OnMobile | XXX | XXX | XXX | XXX | XXX | XXX |
| Nazara Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Trophy Games | 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.
Nitro Games acquired XXX companies to date.
Last acquisition by Nitro Games was XXXXXXXX, XXXXX XXXXX XXXXXX . Nitro Games acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Nitro Games founded? | Nitro Games was founded in 2007. |
| Where is Nitro Games headquartered? | Nitro Games is headquartered in Sweden. |
| How many employees does Nitro Games have? | As of today, Nitro Games has 47 employees. |
| Is Nitro Games publicy listed? | Yes, Nitro Games is a public company listed on STO. |
| What is the stock symbol of Nitro Games? | Nitro Games trades under NITRO ticker. |
| When did Nitro Games go public? | Nitro Games went public in 2017. |
| Who are competitors of Nitro Games? | Similar companies to Nitro Games include e.g. Azerion Group, PlaySide Studios, OnMobile, Nazara Technologies. |
| What is the current market cap of Nitro Games? | Nitro Games's current market cap is $3.9M |
| What is the current revenue of Nitro Games? | Nitro Games's last 12 months revenue is $11.7M. |
| What is the current revenue growth of Nitro Games? | Nitro Games revenue growth (NTM/LTM) is -11%. |
| What is the current EV/Revenue multiple of Nitro Games? | Current revenue multiple of Nitro Games is 0.5x. |
| Is Nitro Games profitable? | Yes, Nitro Games is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nitro Games? | Nitro Games's last 12 months EBITDA is $2.2M. |
| What is Nitro Games's EBITDA margin? | Nitro Games's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Nitro Games? | Current EBITDA multiple of Nitro Games is 2.7x. |
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