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Refine Group AB builds and develops brands in the world of digital commerce. It brings together niche lifestyle brands and digital growth experts to capitalize on the digital transformation taking place in commerce globally. Refine operates a portfolio of profitable and thriving lifestyle brands, offering products with compelling value propositions. Its digital commerce service providers enable leading brands to accelerate growth and succeed in the digital transformation within commerce. Its products brands include SQRTN Company, Folkhemmet, Browgame Cosmetics, MandySkin, C3 Scandinavian Lifestyle, Gasoltuben and iPhonebutiken.
2017
n/a
Last FY Revenue $25.3M
Last FY EBITDA -$3.6M
$1.8M
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, Refine Group achieved revenue of $25.3M and an EBITDA of -$3.6M.
Refine Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Refine Group valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $25.3M | XXX | XXX | XXX |
| Gross Profit | XXX | $10.6M | XXX | XXX | XXX |
| Gross Margin | XXX | 42% | XXX | XXX | XXX |
| EBITDA | XXX | -$3.6M | XXX | XXX | XXX |
| EBITDA Margin | XXX | -14% | XXX | XXX | XXX |
| EBIT | XXX | -$12.3M | XXX | XXX | XXX |
| EBIT Margin | XXX | -49% | XXX | XXX | XXX |
| Net Profit | XXX | -$17.0M | XXX | XXX | XXX |
| Net Margin | XXX | -67% | XXX | XXX | XXX |
| Net Debt | XXX | $2.4M | XXX | XXX | XXX |
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As of May 30, 2025, Refine Group's stock price is SEK 0 (or $0).
Refine Group has current market cap of SEK 18.0M (or $1.9M), and EV of SEK 17.6M (or $1.8M).
See Refine Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.8M | $1.9M | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of May 30, 2025, Refine Group has market cap of $1.9M and EV of $1.8M.
Refine Group's trades at 0.1x EV/Revenue multiple, and -0.5x EV/EBITDA.
Equity research analysts estimate Refine Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Refine Group's P/E ratio is not available.
See valuation multiples for Refine Group and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.9M | XXX | $1.9M | XXX | XXX | XXX |
| EV (current) | $1.8M | XXX | $1.8M | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | -0.5x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -0.1x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | -0.1x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -3.2x | 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 TrialRefine Group's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.
Refine Group's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Refine Group'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 Refine Group and other 12K+ 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 | -14% | 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 | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | 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 | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 90% | 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 | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Adore Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| BIKE24 | XXX | XXX | XXX | XXX | XXX | XXX |
| ABOUT YOU | 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.
Refine Group acquired XXX companies to date.
Last acquisition by Refine Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Refine Group 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 Refine Group founded? | Refine Group was founded in 2017. |
| Where is Refine Group headquartered? | Refine Group is headquartered in Sweden. |
| Is Refine Group publicy listed? | Yes, Refine Group is a public company listed on STO. |
| What is the stock symbol of Refine Group? | Refine Group trades under REFINE ticker. |
| When did Refine Group go public? | Refine Group went public in 2021. |
| Who are competitors of Refine Group? | Similar companies to Refine Group include e.g. Brillia Inc, Adore Beauty, Temple & Webster, BIKE24. |
| What is the current market cap of Refine Group? | Refine Group's current market cap is $1.9M |
| Is Refine Group profitable? | Yes, Refine Group is EBITDA-positive (as of the last 12 months). |
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