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Phunware Valuation Multiples
Discover revenue and EBITDA valuation multiples for Phunware and similar public comparables like Crypto Blockchain Industries, Giftify, More Impact, Hyperion DeFi and more.
Phunware Overview
About Phunware
Phunware Inc is a software company. It is a cloud platform for mobile that provides companies with the products, solutions, and data and services necessary to engage, manage and monetize its mobile application audiences. It derives maximum revenue from United States. The company has two reportable segments: Software subscriptions and services; and Advertising. It derives maximum revenue from Software subscriptions and services.
Founded
2009
HQ

Employees
29
Website
Financials (LTM)
Market Cap
$45M
Phunware Financials
Phunware reported last 12-month revenue of $3M and negative EBITDA of ($15M).
In the same LTM period, Phunware generated $1M in gross profit, ($15M) in EBITDA losses, and had net loss of ($12M).
Revenue (LTM)
Phunware P&L
In the most recent fiscal year, Phunware reported revenue of $3M and EBITDA of ($11M).
Phunware expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3M | XXX | $3M | XXX | XXX | XXX |
| Gross Profit | $1M | XXX | $1M | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | ($15M) | XXX | ($11M) | XXX | XXX | XXX |
| EBITDA Margin | (516%) | XXX | (446%) | XXX | XXX | XXX |
| EBIT Margin | (667%) | XXX | (804%) | XXX | XXX | XXX |
| Net Profit | ($12M) | XXX | ($11M) | XXX | XXX | XXX |
| Net Margin | (406%) | XXX | (447%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Phunware Stock Performance
Phunware has current market cap of $45M.
Market Cap Evolution
Phunware's stock price is $2.22.
| Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|
| $45M | 0.0% | XXX | XXX | XXX | $-0.56 |
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Start Free TrialPhunware Valuation Multiples
Phunware trades at (19.4x) EV/Revenue multiple, and 3.8x EV/EBITDA.
EV / Revenue (LTM)
Phunware Financial Valuation Multiples
As of April 19, 2026, Phunware has market cap of $45M.
Equity research analysts estimate Phunware's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Phunware has a P/E ratio of (3.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $45M | XXX | $45M | XXX | XXX | XXX |
| EV (current) | ($55M) | XXX | ($55M) | XXX | XXX | XXX |
| EV/Revenue | (19.4x) | XXX | (21.6x) | XXX | XXX | XXX |
| EV/EBITDA | 3.8x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 2.9x | XXX | 2.7x | XXX | XXX | XXX |
| EV/Gross Profit | (38.2x) | XXX | (42.7x) | XXX | XXX | XXX |
| P/E | (3.9x) | XXX | (3.9x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 4.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Phunware 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.


Phunware Margins & Growth Rates
Phunware's revenue in the last 12 month grew by 23%.
Phunware's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.8M for the same period.
Phunware's rule of 40 is (277%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Phunware's rule of X is (221%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Phunware Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Margin | (516%) | XXX | (446%) | XXX | XXX | XXX |
| EBITDA Growth | (25%) | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (277%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (221%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 119% | XXX | 131% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 485% | XXX | 599% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 114% | XXX | 124% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 854% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Phunware Public Comps
See public comps and valuation multiples for other Crypto & Web3 Platforms and Loyalty & Coupons comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Phunware | XXX | XXX | XXX | XXX | XXX | XXX |
| Crypto Blockchain Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Giftify | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| Hyperion DeFi | XXX | XXX | XXX | XXX | XXX | XXX |
| Alpha One | 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.
Phunware M&A Activity
Phunware acquired XXX companies to date.
Last acquisition by Phunware was on XXXXXXXX, XXXXX. Phunware acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Phunware
| 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 TrialPhunware Investment Activity
Phunware invested in XXX companies to date.
Phunware made its latest investment on XXXXXXXX, XXXXX. Phunware invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Phunware
| 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 Phunware
| When was Phunware founded? | Phunware was founded in 2009. |
| Where is Phunware headquartered? | Phunware is headquartered in United States. |
| How many employees does Phunware have? | As of today, Phunware has over 29 employees. |
| Who is the CEO of Phunware? | Phunware's CEO is Jeremy Krol. |
| Is Phunware publicly listed? | Yes, Phunware is a public company listed on Nasdaq. |
| What is the stock symbol of Phunware? | Phunware trades under PHUN ticker. |
| When did Phunware go public? | Phunware went public in 2018. |
| Who are competitors of Phunware? | Phunware main competitors are Crypto Blockchain Industries, Giftify, More Impact, Hyperion DeFi. |
| What is the current market cap of Phunware? | Phunware's current market cap is $45M. |
| What is the current revenue of Phunware? | Phunware's last 12 months revenue is $3M. |
| What is the current revenue growth of Phunware? | Phunware revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of Phunware? | Current revenue multiple of Phunware is (19.4x). |
| Is Phunware profitable? | No, Phunware is not profitable. |
| What is the current EBITDA of Phunware? | Phunware has negative EBITDA and is not profitable. |
| What is Phunware's EBITDA margin? | Phunware's last 12 months EBITDA margin is (516%). |
| What is the current EV/EBITDA multiple of Phunware? | Current EBITDA multiple of Phunware is 3.8x. |
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