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Opthea Valuation Multiples

Discover revenue and EBITDA valuation multiples for Opthea and similar public comparables like Julphar, Benevolent AI, and Pharming.

Opthea Overview

About Opthea

Opthea Ltd operates in one industry being the medical technology and healthcare. It is focused on developing biological therapeutics for eye diseases. The company is developing a novel biologic therapy, OPT-302, for the treatment of eye diseases. Its products are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors C and D and R3 targets. Opthea's development activities are based on an intellectual property portfolio covering key targets Vascular Endothelial Growth Factors VEGF-C, VEGF-D and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage. The company geographically operates Australia and United States.


Founded

1984

HQ

Australia
Employees

34

Website

opthea.com

Financials

LTM Revenue $0.3M

LTM EBITDA -$253M

EV

$500M

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Opthea Financials

Opthea has a last 12-month revenue (LTM) of $0.3M and a last 12-month EBITDA of -$253M.

In the most recent fiscal year, Opthea achieved revenue of $0.1M and an EBITDA of -$128M.

Opthea expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Opthea P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $0.3M XXX $0.1M XXX XXX XXX
Gross Profit $0.3M XXX n/a XXX XXX XXX
Gross Margin 100% XXX n/a XXX XXX XXX
EBITDA -$253M XXX -$128M XXX XXX XXX
EBITDA Margin -86462% XXX -159858% XXX XXX XXX
EBIT -$243M XXX -$123M XXX XXX XXX
EBIT Margin -82928% XXX -153885% XXX XXX XXX
Net Profit -$316M XXX -$141M XXX XXX XXX
Net Margin -107904% XXX -176666% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Opthea Stock Performance

As of May 30, 2025, Opthea's stock price is AUD 1 (or $0).

Opthea has current market cap of AUD 739M (or $475M), and EV of AUD 778M (or $500M).

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Opthea Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$500M $475M XXX XXX XXX XXX $-0.14

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Opthea Valuation Multiples

As of May 30, 2025, Opthea has market cap of $475M and EV of $500M.

Opthea's trades at 3805.1x EV/Revenue multiple, and -3.5x EV/EBITDA.

Equity research analysts estimate Opthea's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Opthea has a P/E ratio of -2.3x.

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Opthea Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $475M XXX $475M XXX XXX XXX
EV (current) $500M XXX $500M XXX XXX XXX
EV/Revenue 2658.9x XXX 3805.1x XXX XXX XXX
EV/EBITDA -3.1x XXX -3.5x XXX XXX XXX
EV/EBIT -3.2x XXX -3.6x XXX XXX XXX
EV/Gross Profit 2658.9x XXX n/a XXX XXX XXX
P/E -2.3x XXX -2.8x XXX XXX XXX
EV/FCF -3.5x XXX -4.1x XXX XXX XXX

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Opthea Margins & Growth Rates

Opthea's last 12 month revenue growth is 299%

Opthea's revenue per employee in the last FY averaged $2K, while opex per employee averaged $3.6M for the same period.

Opthea's rule of 40 is -143079% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Opthea's rule of X is -85715% (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).

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Opthea Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 299% XXX 319% XXX XXX XXX
EBITDA Margin -86462% XXX -109949% XXX XXX XXX
EBITDA Growth -34% XXX n/a XXX XXX XXX
Rule of 40 -143079% XXX -109651% XXX XXX XXX
Bessemer Rule of X XXX XXX -85715% XXX XXX XXX
Revenue per Employee XXX XXX $2K XXX XXX XXX
Opex per Employee XXX XXX $3.6M 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 141439% XXX XXX XXX
Opex to Revenue XXX XXX 153985% XXX XXX XXX

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Opthea Public Comps

See public comps and valuation multiples for Drug Development & Therapeutics and Biopharmaceuticals comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Benevolent AI XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Opthea M&A and Investment Activity

Opthea acquired  XXX companies to date.

Last acquisition by Opthea was  XXXXXXXX, XXXXX XXXXX XXXXXX . Opthea acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Opthea

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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About Opthea

When was Opthea founded? Opthea was founded in 1984.
Where is Opthea headquartered? Opthea is headquartered in Australia.
How many employees does Opthea have? As of today, Opthea has 34 employees.
Who is the CEO of Opthea? Opthea's CEO is Dr. Frederic Guerard, Pharm.D..
Is Opthea publicy listed? Yes, Opthea is a public company listed on ASX.
What is the stock symbol of Opthea? Opthea trades under OPT ticker.
When did Opthea go public? Opthea went public in 1991.
Who are competitors of Opthea? Similar companies to Opthea include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of Opthea? Opthea's current market cap is $475M
What is the current revenue of Opthea? Opthea's last 12 months revenue is $0.3M.
What is the current revenue growth of Opthea? Opthea revenue growth (NTM/LTM) is 299%.
What is the current EV/Revenue multiple of Opthea? Current revenue multiple of Opthea is 2658.9x.
Is Opthea profitable? Yes, Opthea is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Opthea? Opthea's last 12 months EBITDA is -$253M.
What is Opthea's EBITDA margin? Opthea's last 12 months EBITDA margin is -86462%.
What is the current EV/EBITDA multiple of Opthea? Current EBITDA multiple of Opthea is -3.1x.
What is the current FCF of Opthea? Opthea's last 12 months FCF is -$222M.
What is Opthea's FCF margin? Opthea's last 12 months FCF margin is -75807%.
What is the current EV/FCF multiple of Opthea? Current FCF multiple of Opthea is -3.5x.

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