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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.
144
LTM Revenue $315M
LTM EBITDA $144M
$1.5B
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Northern Data has a last 12-month revenue of $315M and a last 12-month EBITDA of $144M.
In the most recent fiscal year, Northern Data achieved revenue of $83.3M and an EBITDA of -$29.2M.
Northern Data expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Northern Data valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $208M | $83.3M | XXX | XXX | XXX |
| Gross Profit | $109M | $69.0M | XXX | XXX | XXX |
| Gross Margin | 53% | 83% | XXX | XXX | XXX |
| EBITDA | -$62.3M | -$29.2M | XXX | XXX | XXX |
| EBITDA Margin | -30% | -35% | XXX | XXX | XXX |
| Net Profit | $308M | -$285M | XXX | XXX | XXX |
| Net Margin | 149% | -343% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Northern Data's stock price is EUR 23 (or $24).
Northern Data has current market cap of EUR 1.4B (or $1.6B), and EV of EUR 1.4B (or $1.5B).
See Northern Data trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.5B | $1.6B | XXX | XXX | XXX | XXX | $-1.13 |
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Sign UpAs of April 15, 2025, Northern Data has market cap of $1.6B and EV of $1.5B.
Northern Data's trades at 4.7x LTM EV/Revenue multiple, and 10.3x LTM EBITDA.
Analysts estimate Northern Data's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Northern Data and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.5B | XXX | XXX | XXX |
| EV/Revenue | 17.8x | XXX | XXX | XXX |
| EV/EBITDA | -50.9x | XXX | XXX | XXX |
| P/E | -9.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -11.9x | XXX | XXX | XXX |
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Sign UpNorthern Data's NTM/LTM revenue growth is 87%
Northern Data's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $1.3M for the same period.
Over next 12 months, Northern Data'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 Northern Data's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Northern Data and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -60% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -35% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -53% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 52% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $1.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 223% | XXX | 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 | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Northern Data acquired XXX companies to date.
Last acquisition by Northern Data was XXXXXXXX, XXXXX XXXXX XXXXXX . Northern Data 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 |
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Sign Up| Where is Northern Data headquartered? | Northern Data is headquartered in Germany. |
| How many employees does Northern Data have? | As of today, Northern Data has 144 employees. |
| Is Northern Data publicy listed? | Yes, Northern Data is a public company listed on MUN. |
| 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 2015. |
| Who are competitors of Northern Data? | Similar companies to Northern Data include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Northern Data? | Northern Data's current market cap is $1.6B |
| What is the current revenue of Northern Data? | Northern Data's last 12-month revenue is $315M. |
| What is the current EBITDA of Northern Data? | Northern Data's last 12-month EBITDA is $144M. |
| What is the current EV/Revenue multiple of Northern Data? | Current revenue multiple of Northern Data is 4.7x. |
| What is the current EV/EBITDA multiple of Northern Data? | Current EBITDA multiple of Northern Data is 10.3x. |
| What is the current revenue growth of Northern Data? | Northern Data revenue growth between 2023 and 2024 was -60%. |
| Is Northern Data profitable? | Yes, Northern Data is EBITDA-positive (as of the last 12 months). |
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