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Pine Labs Ltd is a technology company digitizing commerce for merchants, brands, enterprises, and financial institutions. It operates two segments: Digital Infrastructure and Transaction Platform, which contributes the majority of its revenue through in-store and online payments, affordability, value-added services, and transaction processing; and Issuing and Acquiring Platform, providing prepaid, loyalty, rewards, and card issuing and acquiring solutions. Its offerings include UPI and payment gateway services, gift cards, card management, and fintech infrastructure. Pine Labs serves banks, corporates, government, fintech, e-commerce, and startups across multiple industries, enabling customer acquisition, onboarding, expense management, rewards, refunds, and embedded bill payments.
1998
4.5K+
Last FY Revenue $210M
Last FY EBITDA $25.4M
$2.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, Pine Labs reported revenue of $210M and EBITDA of $25.4M.
Pine Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Pine Labs valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $210M | XXX | XXX | XXX |
| Gross Profit | XXX | $150M | XXX | XXX | XXX |
| Gross Margin | XXX | 71% | XXX | XXX | XXX |
| EBITDA | XXX | $25.4M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 12% | XXX | XXX | XXX |
| EBIT | XXX | -$41.8M | XXX | XXX | XXX |
| EBIT Margin | XXX | -20% | XXX | XXX | XXX |
| Net Profit | XXX | -$16.1M | XXX | XXX | XXX |
| Net Margin | XXX | -8% | XXX | XXX | XXX |
| Net Debt | XXX | n/a | XXX | XXX | XXX |
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Pine Labs has current market cap of INR 261B (or $2.9B), and EV of INR 265B (or $2.9B).
As of December 17, 2025, Pine Labs's stock price is INR 227 (or $3).
See Pine Labs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.9B | $2.9B | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialPine Labs's trades at 13.9x EV/Revenue multiple, and 114.9x EV/EBITDA.
See valuation multiples for Pine Labs and 15K+ public compsAs of December 17, 2025, Pine Labs has market cap of $2.9B and EV of $2.9B.
Equity research analysts estimate Pine Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pine Labs's P/E ratio is not available.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| EV (current) | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 13.9x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 114.9x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -69.9x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | -179.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -263.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialPine Labs's revenue per employee in the last FY averaged $47K, while opex per employee averaged $43K for the same period.
Pine Labs's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Pine Labs's rule of X is unknown (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 Pine Labs and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $47K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $43K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 4% | 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 | 91% | 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 | |
| Adyen | XXX | XXX | XXX | XXX | XXX | XXX |
| EML Payments | XXX | XXX | XXX | XXX | XXX | XXX |
| Findi | XXX | XXX | XXX | XXX | XXX | XXX |
| wrkr | XXX | XXX | XXX | XXX | XXX | XXX |
| Krungthai Card | 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.
Pine Labs acquired XXX companies to date.
Last acquisition by Pine Labs was XXXXXXXX, XXXXX XXXXX XXXXXX . Pine Labs 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| When was Pine Labs founded? | Pine Labs was founded in 1998. |
| Where is Pine Labs headquartered? | Pine Labs is headquartered in India. |
| How many employees does Pine Labs have? | As of today, Pine Labs has 4.5K+ employees. |
| Is Pine Labs publicy listed? | Yes, Pine Labs is a public company listed on NSE. |
| What is the stock symbol of Pine Labs? | Pine Labs trades under PINELABS ticker. |
| When did Pine Labs go public? | Pine Labs went public in 2025. |
| Who are competitors of Pine Labs? | Similar companies to Pine Labs include e.g. Adyen, EML Payments, Findi, wrkr. |
| What is the current market cap of Pine Labs? | Pine Labs's current market cap is $2.9B |
| Is Pine Labs profitable? | Yes, Pine Labs is EBITDA-positive (as of the last 12 months). |
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