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Northern Data Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northern Data and similar public comparables like Chief Telecom, 2CRSI, Bahnhof, HIVE Digital Technologies and more.
Northern Data Overview
About Northern Data
Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
Founded
2018
HQ
Employees
177
Website
Financials (FY)
EV
$1B
Northern Data Financials
Northern Data reported last fiscal year revenue of $230M and EBITDA of $87M.
In the same fiscal year, Northern Data generated $132M in gross profit, $87M in EBITDA, and had net loss of ($111M).
Revenue (LTM)
Northern Data P&L
In the most recent fiscal year, Northern Data reported revenue of $230M and EBITDA of $87M.
Northern Data expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $230M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $132M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 58% | XXX | XXX | XXX |
| EBITDA | — | XXX | $87M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 38% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (40%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($111M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (48%) | XXX | XXX | XXX |
| Net Debt | — | — | $547M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northern Data Stock Performance
Northern Data has current market cap of $751M, and enterprise value of $1B.
Market Cap Evolution
Northern Data's stock price is $11.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $751M | 0.0% | XXX | XXX | XXX | $-1.72 |
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Start Free TrialNorthern Data Valuation Multiples
Northern Data trades at 6.2x EV/Revenue multiple, and 16.5x EV/EBITDA.
EV / Revenue (LTM)
Northern Data Financial Valuation Multiples
As of March 17, 2026, Northern Data has market cap of $751M and EV of $1B.
Equity research analysts estimate Northern Data's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northern Data has a P/E ratio of (6.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $751M | XXX | $751M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 16.5x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (15.6x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.8x | XXX | XXX | XXX |
| P/E | — | XXX | (6.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (1.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northern Data 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.
Northern Data Margins & Growth Rates
Northern Data's revenue in the last fiscal year grew by 158%.
Northern Data Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 158% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 38% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (379%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 100% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northern Data Public Comps
See public comps and valuation multiples for other Data Centers and Crypto Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Chief Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| 2CRSI | XXX | XXX | XXX | XXX | XXX | XXX |
| Bahnhof | XXX | XXX | XXX | XXX | XXX | XXX |
| HIVE Digital Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| American Bitcoin | 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.
Northern Data M&A Activity
Northern Data acquired XXX companies to date.
Last acquisition by Northern Data was on XXXXXXXX, XXXXX. Northern Data acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northern Data
| 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 TrialNorthern Data Investment Activity
Northern Data invested in XXX companies to date.
Northern Data made its latest investment on XXXXXXXX, XXXXX. Northern Data invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northern Data
| 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 Northern Data
| When was Northern Data founded? | Northern Data was founded in 2018. |
| Where is Northern Data headquartered? | Northern Data is headquartered in Germany. |
| How many employees does Northern Data have? | As of today, Northern Data has over 177 employees. |
| Is Northern Data publicly listed? | Yes, Northern Data is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Northern Data? | Northern Data trades under NB2 ticker. |
| When did Northern Data go public? | Northern Data went public in 2018. |
| Who are competitors of Northern Data? | Northern Data main competitors are Chief Telecom, 2CRSI, Bahnhof, HIVE Digital Technologies. |
| What is the current market cap of Northern Data? | Northern Data's current market cap is $751M. |
| What is the current revenue of Northern Data? | Northern Data's last fiscal year revenue is $230M. |
| What is the current EV/Revenue multiple of Northern Data? | Current revenue multiple of Northern Data is 6.2x. |
| Is Northern Data profitable? | No, Northern Data is not profitable. |
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