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RS2 Valuation Multiples
Discover revenue and EBITDA valuation multiples for RS2 and similar public comparables like Matica Fintec, Roadzen, Veefin, Health In Tech and more.
RS2 Overview
About RS2
RS2 PLC is engaged in providing Payments Software and Managed Services. It is involved in the development, installation, implementation, and marketing of computer software for financial institutions under the trademark of BankWORKS and the processing of payment transactions with the use of BankWORKS. Its segments include Licensing of the company's BankWORKS software to banks and Service providers, including maintenance and enhanced services thereto; Processing of payment transactions utilizing the group's BankWORKS software; and Merchant Solutions, which include issuing and acquiring payment solutions directly to merchants, including terminal and PSP gateway services. Its geographic segments include Malta, the United Kingdom and Ireland, the United States, and Other countries.
Founded
1988
HQ

Employees
480
Website
Financials (FY)
EV
$98M
RS2 Financials
RS2 reported last fiscal year revenue of $47M and EBITDA of $5M.
In the same fiscal year, RS2 generated $17M in gross profit, $5M in EBITDA, and had net loss of ($605K).
RS2 P&L
In the most recent fiscal year, RS2 reported revenue of $47M and EBITDA of $5M.
RS2 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $47M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $17M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 37% | XXX | XXX | XXX |
| EBITDA | — | XXX | $5M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 5% | XXX | XXX | XXX |
| Net Profit | — | XXX | ($605K) | XXX | XXX | XXX |
| Net Margin | — | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $4M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
RS2 Stock Performance
RS2 has current market cap of $87M, and enterprise value of $98M.
Market Cap Evolution
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $98M | $87M | — | XXX | XXX | XXX | — |
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Start Free TrialRS2 Valuation Multiples
RS2 trades at 2.1x EV/Revenue multiple, and 19.8x EV/EBITDA.
RS2 Financial Valuation Multiples
As of April 20, 2026, RS2 has market cap of $87M and EV of $98M.
Equity research analysts estimate RS2's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
RS2 has a P/E ratio of (144.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $87M | XXX | $87M | XXX | XXX | XXX |
| EV (current) | $98M | XXX | $98M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 19.8x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 38.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.6x | XXX | XXX | XXX |
| P/E | — | XXX | (144.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 44.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified RS2 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.


RS2 Margins & Growth Rates
RS2's revenue in the last fiscal year grew by —.
RS2's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
RS2 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA Margin | — | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 26% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
RS2 Public Comps
See public comps and valuation multiples for other Financial Services Software and Payments POS comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| RS2 | XXX | XXX | XXX | XXX | XXX | XXX |
| Matica Fintec | XXX | XXX | XXX | XXX | XXX | XXX |
| Roadzen | XXX | XXX | XXX | XXX | XXX | XXX |
| Veefin | XXX | XXX | XXX | XXX | XXX | XXX |
| Health In Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Xp Industrial FII | 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.
RS2 M&A Activity
RS2 acquired XXX companies to date.
Last acquisition by RS2 was on XXXXXXXX, XXXXX. RS2 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by RS2
| 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 TrialRS2 Investment Activity
RS2 invested in XXX companies to date.
RS2 made its latest investment on XXXXXXXX, XXXXX. RS2 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by RS2
| 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 RS2
| When was RS2 founded? | RS2 was founded in 1988. |
| Where is RS2 headquartered? | RS2 is headquartered in Malta. |
| How many employees does RS2 have? | As of today, RS2 has over 480 employees. |
| Is RS2 publicly listed? | Yes, RS2 is a public company listed on Malta Stock Exchange. |
| What is the stock symbol of RS2? | RS2 trades under RS2 ticker. |
| When did RS2 go public? | RS2 went public in 2008. |
| Who are competitors of RS2? | RS2 main competitors are Matica Fintec, Roadzen, Veefin, Health In Tech. |
| What is the current market cap of RS2? | RS2's current market cap is $87M. |
| What is the current revenue of RS2? | RS2's last fiscal year revenue is $47M. |
| What is the current EV/Revenue multiple of RS2? | Current revenue multiple of RS2 is 2.1x. |
| Is RS2 profitable? | No, RS2 is not profitable. |
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