Photosynth Valuation Multiples

Discover revenue and EBITDA valuation multiples for Photosynth.

Photosynth Overview

About Photosynth

Photosynth Inc is engaged in the research and development of Internet of Things-related equipment and cloud-related technology. It offers Akerun Access Intelligence, a cloud-based authentication platform that provides personal authentication and security using edge devices such as smart locks connected to the cloud and the internet, as well as related services centered on personal authentication, for both corporate and residential customers. In addition, the company is engaged in providing facility management services (BPaaS) through Migakun, a high-quality gig worker platform, which helps resolve labor shortages in various spaces through gig workers. The company operates in a single segment, the spatial digital transformation business.


Founded

2014

HQ

Japan

Employees

153

Financials (LTM)

Revenue: $22M
Net Income: $2M

EV

$31M

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Photosynth Financials

Photosynth reported last 12-month revenue of $22M.

In the same LTM period, Photosynth generated $2M in net income.


Photosynth P&L

In the most recent fiscal year, Photosynth reported revenue of $22M and EBITDA of $3M.

Photosynth is profitable as of last fiscal year, with gross margin of 75%, EBITDA margin of 15%, and net margin of 9%.

See analyst estimates for Photosynth
LTMLast FY2025202620272028
Revenue$22M$22M$22M
Gross Profit-$16M$16M
Gross Margin-75%75%
EBITDA-$3M$3M
EBITDA Margin-15%15%
EBIT Margin7%7%7%
Net Profit$2M$2M$2M
Net Margin9%9%9%
Net Debt-($10M)-

Financial data powered by Morningstar, Inc.

Photosynth Stock Performance

Photosynth has current market cap of $43M, and enterprise value of $31M.

Market Cap Evolution


Photosynth's stock price is $2.79.

Photosynth has an EPS (earnings per share) of $0.12.

See more trading valuation data for Photosynth
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$31M$43M-0.6%---$0.12

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Photosynth Valuation Multiples

Photosynth trades at 1.4x EV/Revenue multiple, and 9.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Photosynth

Photosynth Financial Valuation Multiples

As of September 8, 2026, Photosynth has market cap of $43M and EV of $31M.

Photosynth has a P/E ratio of 22.7x.

LTMLast FY2025202620272028
EV/Revenue1.4x1.4x1.4x
EV/EBITDA-9.8x9.8x
EV/EBIT20.7x21.1x21.1x
EV/Gross Profit-1.9x1.9x
P/E22.7x23.0x23.0x
EV/FCF-15.9x15.9x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Photosynth 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.

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Photosynth Margins & Growth Rates

In the most recent fiscal year, Photosynth reported gross margin of 75%, EBITDA margin of 15%, and net margin of 9%.

See estimated margins and future growth rates for Photosynth

Photosynth Margins

Last FY2025202720282029
Gross Margin75%75%
EBITDA Margin15%15%
EBIT Margin7%7%
Net Margin9%9%
FCF Margin9%9%

Data powered by FactSet, Inc. and Morningstar, Inc.

Photosynth Operational KPIs

Photosynth's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

Access forward-looking KPIs for Photosynth
Last FY2025202620272028
Revenue per Employee$0.1M-
Opex per Employee$0.1M-
G&A Expenses to Revenue68%68%
Opex to Revenue68%68%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Photosynth Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Photosynth VC Funding History

Before going public, Photosynth raised $62M in total equity funding, across 4 rounds.


Photosynth Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Jul-21Undisclosed stageFidelity International$16M-Photosynth raised JPY 1.75 billion in a third-party allotment announced on 7 July 2021, with Fidelity International Limited and SBI Investment coming in as new shareholders alongside existing backers Mitsui Fudosan's corporate venture vehicle, managed by Global Brain, and NTT Docomo Ventures. The round took the Tokyo company's cumulative funding to about JPY 7 billion, following earlier commitments from JR East Startup, Kokuyo and Nomura Real Estate's corporate venture programme. Photosynth said the money would go into product development and sales expansion for its Akerun access control platform. Akerun is a cloud-based entry management service whose core device is a retrofit smart lock that can be fitted to an existing door without construction work, allowing employees to open offices with a smartphone or IC card while administrators manage permissions and access logs centrally. The company, founded in September 2014 and headquartered in Minato-ku, Tokyo, had signed more than 5,000 corporate customers by the time of the round and was extending the system from offices into residential buildings and hotels under a single Akerun ID.
Aug-20Undisclosed stageJapan Finance Corporation; Shinsei Bank; Mizuho Financial Group; Joyo Bank; Toppan Printing; Joyo Industrial Research Institute; Scrum Ventures; NTT DOCOMO Ventures; The Norinchukin Bank; Globis Capital Partners; 31Ventures; LINE Ventures$33M-Photosynth is a Japanese SaaS company providing Akerun, a smart locker system for hands-free delivery (HESaaS), and related subscription services focused on last-mile logistics and urban mobility solutions. The company reported ARR of 12.0 billion JPY as of December 2020, growing to 16.5 billion JPY by December 2021 with +36.6% YoY growth, supported by quarterly increases of +31.9% to +36.5% and low churn rates around 1.45-1.79%. ARPU rose significantly from 2.5万円 in 2016 to 29,059円 by December 2020, with KPI metrics showing strong adoption in Akerun and HESaaS segments. Earlier growth from 2016-2020 showed ARR CAGR of 129%. The specified funding round around July/August 2020 involved investors including 31Ventures, Globis Capital Partners, Japan Finance Corporation, Joyo Bank, Joyo Industrial Research Institute, LINE Ventures, Mizuho Bank, NTT DOCOMO Ventures, Scrum Ventures, Shinsei Bank, The Norinchukin Bank (lead), and Toppan Printing, listed as a Series C in some aggregators though amount not matching later $15.8M Series C in July 2021. Sources show total equity funding of $52.58M-$52.67M across 4-8 rounds by 2021, culminating in an IPO on November 5, 2021. Post-2020 traction included ARR reaching 20.2 billion JPY by December 2022 (+ growth), 22.9 billion JPY forward-looking, with 4,983 KPIs, 87% metrics, and churn at 1.41%. By 2023-2024, ARR continued expanding with 19.7% growth rates and KPIs like 962-1,018.
May-18Series AJapan Finance Corporation; Shinsei Bank; ORIX; Daiwa Corporate Investment; YJ Capital; Globis Capital Partners$9M-Photosynth is a Japanese company that has raised a total of $52.58M across 4 funding rounds, with the latest being a $15.8M Series C in July 2021. Investors in prior rounds are not detailed matching the query, and no 2018 round specifics like amount raised or valuation are confirmed. The company provides SaaS products including Akerun and HESaaS, focusing on KPIs like ARR growth, churn rate, and customer metrics. As of December 2024, Photosynth reported annual revenue of $18.86M, net profit of $989.03K, and EBITDA of $2.21M. ARR showed year-over-year growth, such as 36.6% from 2020 to 2021 end, 19.7% into 2023-2024, with churn rates around 1.34%-1.45% in 2021-2023.
Sep-15Series AJafco Group; Beta Catalyst; YJ Capital; Gaiax Global Marketing & Ventures$4M-Photosynth raised funding in a Series A round on September 9, 2015. The investors included Beta Catalyst, Gaiax Global Marketing & Ventures, Jafco Group, and YJ Capital.

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About Photosynth

When was Photosynth founded?Photosynth was founded in 2014.
Where is Photosynth headquartered?Photosynth is headquartered in Japan.
How many employees does Photosynth have?As of today, Photosynth has over 153 employees.
Is Photosynth publicly listed?Yes, Photosynth is a public company listed on Tokyo Stock Exchange.
What is the stock symbol of Photosynth?Photosynth trades under 4379 ticker.
When did Photosynth go public?Photosynth went public in 2021.
Who are competitors of Photosynth?Photosynth main competitors include
What is the current market cap of Photosynth?Photosynth's current market cap is $43M.
What is the current revenue of Photosynth?Photosynth's last 12 months revenue is $22M.
What is the current EV/Revenue multiple of Photosynth?Current revenue multiple of Photosynth is 1.4x.
What is the current net income of Photosynth?Photosynth's last 12 months net income is $2M.
How many companies Photosynth has acquired to date?Photosynth hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Photosynth has invested to date?Photosynth hasn't invested in any companies yet (or none have been disclosed publicly).

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