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RaySearch Laboratories AB is a Sweden-based medical technology company. The company develops advanced software solutions for improved cancer treatment. The company develops and markets the RayStation* treatment planning system and RayCare* oncology information system to clinics all over the world and distributes products through licensing agreements with medical technology companies. Its geographic segments consist of Sweden, North America, Asia, Europe and the rest of the world. The company generates majority of its sales from the North America.
2000
388
LTM Revenue $123M
LTM EBITDA $56.8M
$767M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
RaySearch Labs has a last 12-month revenue of $123M and a last 12-month EBITDA of $56.8M.
In the most recent fiscal year, RaySearch Labs achieved revenue of $118M and an EBITDA of $25.9M.
RaySearch Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See RaySearch Labs valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $102M | $118M | XXX | XXX | XXX |
| Gross Profit | $74.3M | $90.9M | XXX | XXX | XXX |
| Gross Margin | 73% | 77% | XXX | XXX | XXX |
| EBITDA | $40.3M | $25.9M | XXX | XXX | XXX |
| EBITDA Margin | 40% | 22% | XXX | XXX | XXX |
| Net Profit | $2.4M | $8.1M | XXX | XXX | XXX |
| Net Margin | 2% | 7% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, RaySearch Labs's stock price is SEK 225 (or $22).
RaySearch Labs has current market cap of SEK 7.7B (or $766M), and EV of SEK 7.7B (or $767M).
See RaySearch Labs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $767M | $766M | XXX | XXX | XXX | XXX | $0.61 |
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Sign UpAs of April 15, 2025, RaySearch Labs has market cap of $766M and EV of $767M.
RaySearch Labs's trades at 6.3x LTM EV/Revenue multiple, and 13.5x LTM EBITDA.
Analysts estimate RaySearch Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for RaySearch Labs and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $767M | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | XXX | XXX |
| EV/EBITDA | 29.6x | XXX | XXX | XXX |
| P/E | 37.9x | XXX | XXX | XXX |
| P/E/Growth | 1.4x | XXX | XXX | XXX |
| EV/FCF | 28.9x | 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.
Sign UpRaySearch Labs's NTM/LTM revenue growth is 13%
RaySearch Labs's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, RaySearch Labs's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate RaySearch Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for RaySearch Labs and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -36% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 70% | XXX | 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 | |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Alcidion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CurveBeam AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Doctor Care Anywhere | XXX | XXX | XXX | XXX | XXX | XXX |
| Echo IQ | 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.
RaySearch Labs acquired XXX companies to date.
Last acquisition by RaySearch Labs was XXXXXXXX, XXXXX XXXXX XXXXXX . RaySearch 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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Sign Up| When was RaySearch Labs founded? | RaySearch Labs was founded in 2000. |
| Where is RaySearch Labs headquartered? | RaySearch Labs is headquartered in Sweden. |
| How many employees does RaySearch Labs have? | As of today, RaySearch Labs has 388 employees. |
| Who is the CEO of RaySearch Labs? | RaySearch Labs's CEO is Mr. Johan Lof. |
| Is RaySearch Labs publicy listed? | Yes, RaySearch Labs is a public company listed on STO. |
| What is the stock symbol of RaySearch Labs? | RaySearch Labs trades under RAY B ticker. |
| When did RaySearch Labs go public? | RaySearch Labs went public in 1991. |
| Who are competitors of RaySearch Labs? | Similar companies to RaySearch Labs include e.g. Benevolent AI, Alcidion Group, CurveBeam AI, Doctor Care Anywhere. |
| What is the current market cap of RaySearch Labs? | RaySearch Labs's current market cap is $766M |
| What is the current revenue of RaySearch Labs? | RaySearch Labs's last 12-month revenue is $123M. |
| What is the current EBITDA of RaySearch Labs? | RaySearch Labs's last 12-month EBITDA is $56.8M. |
| What is the current EV/Revenue multiple of RaySearch Labs? | Current revenue multiple of RaySearch Labs is 6.3x. |
| What is the current EV/EBITDA multiple of RaySearch Labs? | Current EBITDA multiple of RaySearch Labs is 13.5x. |
| What is the current revenue growth of RaySearch Labs? | RaySearch Labs revenue growth between 2023 and 2024 was 17%. |
| Is RaySearch Labs profitable? | Yes, RaySearch Labs is EBITDA-positive (as of the last 12 months). |
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