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Shift Inc provides software testing services. The company’s solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
2005
1.8K+
LTM Revenue $833M
LTM EBITDA $109M
$1.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Shift has a last 12-month revenue of $833M and a last 12-month EBITDA of $109M.
In the most recent fiscal year, Shift achieved revenue of $735M and an EBITDA of $79.6M.
Shift expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Shift valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $585M | $735M | XXX | XXX | XXX |
| Gross Profit | $140M | $199M | XXX | XXX | XXX |
| Gross Margin | 24% | 27% | XXX | XXX | XXX |
| EBITDA | $79.0M | $79.6M | XXX | XXX | XXX |
| EBITDA Margin | 14% | 11% | XXX | XXX | XXX |
| Net Profit | $33.1M | $41.5M | XXX | XXX | XXX |
| Net Margin | 6% | 6% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Shift's stock price is JPY 1152 (or $8).
Shift has current market cap of JPY 303B (or $2.0B), and EV of JPY 292B (or $1.9B).
See Shift trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.9B | $2.0B | XXX | XXX | XXX | XXX | $0.20 |
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Sign UpAs of April 15, 2025, Shift has market cap of $2.0B and EV of $1.9B.
Shift's trades at 2.3x LTM EV/Revenue multiple, and 17.8x LTM EBITDA.
Analysts estimate Shift's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Shift and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.9B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 20.7x | XXX | XXX | XXX |
| P/E | 47.0x | XXX | XXX | XXX |
| P/E/Growth | 1.1x | XXX | XXX | XXX |
| EV/FCF | 60.4x | 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 UpShift's NTM/LTM revenue growth is 21%
Shift's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Shift'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 Shift's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Shift and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 32% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 22% | 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 | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | 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.
Shift acquired XXX companies to date.
Last acquisition by Shift was XXXXXXXX, XXXXX XXXXX XXXXXX . Shift 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 Shift founded? | Shift was founded in 2005. |
| Where is Shift headquartered? | Shift is headquartered in Japan. |
| How many employees does Shift have? | As of today, Shift has 1.8K+ employees. |
| Who is the CEO of Shift? | Shift's CEO is Mr. Masaru Tange. |
| Is Shift publicy listed? | Yes, Shift is a public company listed on TKS. |
| What is the stock symbol of Shift? | Shift trades under 3697 ticker. |
| When did Shift go public? | Shift went public in 2014. |
| Who are competitors of Shift? | Similar companies to Shift include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Shift? | Shift's current market cap is $2.0B |
| What is the current revenue of Shift? | Shift's last 12-month revenue is $833M. |
| What is the current EBITDA of Shift? | Shift's last 12-month EBITDA is $109M. |
| What is the current EV/Revenue multiple of Shift? | Current revenue multiple of Shift is 2.3x. |
| What is the current EV/EBITDA multiple of Shift? | Current EBITDA multiple of Shift is 17.8x. |
| What is the current revenue growth of Shift? | Shift revenue growth between 2023 and 2024 was 26%. |
| Is Shift profitable? | Yes, Shift is EBITDA-positive (as of the last 12 months). |
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