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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. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
177
LTM Revenue $352M
LTM EBITDA $155M
$2.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Northern Data has a last 12-month revenue (LTM) of $352M and a last 12-month EBITDA of $155M.
In the most recent fiscal year, Northern Data achieved revenue of $225M and an EBITDA of $85.1M.
Northern Data expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Northern Data valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $352M | XXX | $225M | XXX | XXX | XXX |
| Gross Profit | $247M | XXX | $129M | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $155M | XXX | $85.1M | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 38% | XXX | XXX | XXX |
| EBIT | -$61.9M | XXX | -$94.5M | XXX | XXX | XXX |
| EBIT Margin | -18% | XXX | -42% | XXX | XXX | XXX |
| Net Profit | -$101M | XXX | -$143M | XXX | XXX | XXX |
| Net Margin | -29% | XXX | -64% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $535M | XXX | XXX | XXX |
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As of May 30, 2025, Northern Data's stock price is EUR 28 (or $32).
Northern Data has current market cap of EUR 1.8B (or $2.0B), and EV of EUR 2.4B (or $2.7B).
See Northern Data trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.7B | $2.0B | XXX | XXX | XXX | XXX | $-1.34 |
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Start Free TrialAs of May 30, 2025, Northern Data has market cap of $2.0B and EV of $2.7B.
Northern Data's trades at 12.0x EV/Revenue multiple, and 31.7x EV/EBITDA.
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 -20.1x.
See valuation multiples for Northern Data and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.0B | XXX | $2.0B | XXX | XXX | XXX |
| EV (current) | $2.7B | XXX | $2.7B | XXX | XXX | XXX |
| EV/Revenue | 7.7x | XXX | 12.0x | XXX | XXX | XXX |
| EV/EBITDA | 17.5x | XXX | 31.7x | XXX | XXX | XXX |
| EV/EBIT | -43.6x | XXX | -28.6x | XXX | XXX | XXX |
| EV/Gross Profit | 10.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | -20.1x | XXX | -14.2x | XXX | XXX | XXX |
| EV/FCF | -4.2x | XXX | -2.3x | XXX | XXX | XXX |
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Start Free TrialNorthern Data's last 12 month revenue growth is 70%
Northern Data's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $1.3M for the same period.
Northern Data's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Northern Data's rule of X is 219% (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 Northern Data and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 70% | XXX | 75% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 38% | XXX | XXX | XXX |
| EBITDA Growth | 90% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 35% | XXX | 108% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 219% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $1.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 6% | 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 | 100% | 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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Start Free Trial| Where is Northern Data headquartered? | Northern Data is headquartered in Germany. |
| How many employees does Northern Data have? | As of today, Northern Data has 177 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 $2.0B |
| What is the current revenue of Northern Data? | Northern Data's last 12 months revenue is $352M. |
| What is the current revenue growth of Northern Data? | Northern Data revenue growth (NTM/LTM) is 70%. |
| What is the current EV/Revenue multiple of Northern Data? | Current revenue multiple of Northern Data is 7.7x. |
| Is Northern Data profitable? | Yes, Northern Data is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Northern Data? | Northern Data's last 12 months EBITDA is $155M. |
| What is Northern Data's EBITDA margin? | Northern Data's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Northern Data? | Current EBITDA multiple of Northern Data is 17.5x. |
| What is the current FCF of Northern Data? | Northern Data's last 12 months FCF is -$642M. |
| What is Northern Data's FCF margin? | Northern Data's last 12 months FCF margin is -183%. |
| What is the current EV/FCF multiple of Northern Data? | Current FCF multiple of Northern Data is -4.2x. |
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