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Spinnova Valuation Multiples

Discover Spinnova's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Hoftex Group, Bremworth, Vincenzo Zucchi, Coltejer and more.

Spinnova Overview

About Spinnova

Spinnova Oyj is engaged in the provision of technology deliveries and services for sustainable textile production. The company has developed a technology for making textile fiber from wood or waste, such as leather, textile, or agricultural waste, without harmful chemicals.


Founded

2014

HQ

Finland

Employees

61

Sectors

Financials (LTM)

Revenue: $409K
EBITDA: ($33M)

EV

$6M

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Spinnova Financials

Spinnova reported last 12-month revenue of $409K and negative EBITDA of ($33M).

In the same LTM period, Spinnova generated ($33M) in EBITDA losses.

Revenue (LTM)


Spinnova P&L

In the most recent fiscal year, Spinnova reported revenue of $409K and EBITDA of ($31M).

Spinnova is unprofitable as of last fiscal year, with gross margin of 73%, EBITDA margin of (7650%), and net margin of (11555%).

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LTMLast FY202320242025202620272028
Revenue$409K$409K$12M$885K$399K
Gross Profit-$297K$918K$820K$297K
Gross Margin-73%7%93%74%
EBITDA($33M)($31M)($19M)($16M)($31M)
EBITDA Margin(8127%)(7650%)(156%)(1790%)(7831%)
EBIT Margin(12017%)(6182%)(163%)(1948%)(6329%)
Net Profit-($47M)($23M)($20M)($47M)
Net Margin-(11555%)(184%)(2209%)(11830%)
Net Debt-$2M---

Financial data powered by Morningstar, Inc.

Spinnova Stock Performance

Spinnova has current market cap of $27M, and enterprise value of $6M.

Market Cap Evolution


Spinnova's stock price is $0.51.

Spinnova share price decreased by 4.9% in the last 30 days, and by 7.8% in the last year.

Spinnova has an EPS (earnings per share) of $-0.90.

See more trading valuation data for Spinnova
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$6M$27M-0.2%-4.9%1.7%-7.8%$-0.90

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Spinnova Valuation Multiples

Spinnova trades at 13.7x EV/Revenue multiple, and (0.2x) EV/EBITDA.

See NTM and 2027E valuation multiples for Spinnova

EV / Revenue (LTM)


Spinnova Financial Valuation Multiples

As of June 5, 2026, Spinnova has market cap of $27M and EV of $6M.

Spinnova has a P/E ratio of (0.6x).

LTMLast FY202320242025202620272028
EV/Revenue13.7x13.7x0.5x6.3x14.0x
EV/EBITDA(0.2x)(0.2x)(0.3x)(0.4x)(0.2x)
EV/EBIT(0.1x)(0.2x)(0.3x)(0.3x)(0.2x)
EV/Gross Profit-18.9x6.1x6.8x18.9x
P/E-(0.6x)(1.2x)(1.4x)(0.6x)
EV/FCF-(0.4x)(0.3x)(0.5x)(0.4x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Spinnova Margins & Growth Rates

In the most recent fiscal year, Spinnova reported gross margin of 73%, EBITDA margin of (7650%), and net margin of (11555%).

See estimated margins and future growth rates for Spinnova

Spinnova Margins

Last FY20242025202720282029
Gross Margin73%93%74%
EBITDA Margin(7650%)(1790%)(7831%)
EBIT Margin(6182%)(1948%)(6329%)
Net Margin(11555%)(2209%)(11830%)
FCF Margin(3476%)(1180%)(3559%)

Spinnova Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth(93%)(55%)
Gross Profit Growth(11%)(64%)
EBITDA Growth(18%)98%
EBIT Growth(15%)47%
Net Profit Growth(14%)142%
FCF Growth(40%)36%

Data powered by FactSet, Inc. and Morningstar, Inc.

Spinnova Operational KPIs

Spinnova's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.4M for the same period.

Access forward-looking KPIs for Spinnova
Last FY202320242025202620272028
Revenue per Employee$0.0M---
Opex per Employee$0.4M---
G&A Expenses to Revenue339%24%190%347%
R&D Expenses to Revenue111%-261%113%
Opex to Revenue6255%171%2041%6403%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Spinnova Competitors

Spinnova competitors include Hoftex Group, Bremworth, Vincenzo Zucchi, Coltejer, Belysse, El D Mouzakis, Vereinigte Filzfabriken, Ratti, Nafpaktos Textile and Cedro Textil.

Most Spinnova public comparables operate across Textiles.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Hoftex Group0.4x-7.9x-
Bremworth0.5x-2.2x-
Vincenzo Zucchi0.4x-3.2x-
Coltejer192.1x-(1.5x)-
Belysse0.6x0.6x4.1x4.2x
El D Mouzakis3.8x-8.4x-
Vereinigte Filzfabriken0.7x-9.5x-
Ratti0.5x-(24.4x)-

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Spinnova VC Funding History

Before going public, Spinnova raised $21M in total equity funding, across 2 rounds.


Spinnova Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Oct-19Series A-$12M-Spinnova is a Jyväskylä, Finland-based manufacturer of sustainable fibre technology founded in 2014 by CEO Janne Poranen. The company has developed disruptive technology for manufacturing cellulose-based textile fibres using wood fibers to produce filaments and yarns that replace cotton, viscose, and other raw materials in woven and nonwoven applications. In 2019, Spinnova completed a EUR 11M ($12.1M) funding round from existing investors, including Finnish venture company Maki VC and Brazilian strategic investor Suzano. Previously, in 2018, Spinnova sold 18% of the company to Brazilian pulp manufacturer Fibria, later acquired by Suzano, and is also owned by Maki VC and Beata Domus, which bought VTT Ventures' equity stake.
Aug-18Series ABusiness Finland; European Investment Bank$9M-Spinnova develops sustainable textile fibers from cellulose-based materials. In 2018, the company received loan financing: 4.5 million euros from OP Innofin guaranteed by the European Investment Bank and 3 million euros from Business Finland to support pilot factory ramp-up in Finland. These funds enabled industrial-scale piloting of its technology for potential licensing as the primary business model. Spinnova, founded in 2015 as a VTT spin-off, had Maki.vc as a seed investor that year and a post-money valuation of 28 million euros reported in 2017. The company aims for global textile market impact with environmentally friendly fibers.

Acquisitions by Spinnova

Spinnova has acquired 2 companies to date.

Last acquisition by Spinnova was on August 27th 2025. Spinnova acquired Suzano Finland for $2M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Spinnova

Suzano Finland
Woodspin
Description
Suzano Finland produces and supplies hardwood pulp to paper and packaging manufacturers from its facility in Finland.
Jyvaskyla-based Woodspin is a producer of SPINNOVA fibres made from wood cellulose for the fashion industry. The company supplies this sustainable textile fibre to brands seeking eco-friendly alternatives and maintains FSC certification for sourcing from responsibly managed forests in Finland.
HQ CountryFinlandFinland
HQ City
Jyväskylä
Jyväskylä
Deal Date27 Aug 202527 Apr 2025
Valuation$2M$2M
EV/Revenue
EV/EBITDA

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About Spinnova

When was Spinnova founded?Spinnova was founded in 2014.
Where is Spinnova headquartered?Spinnova is headquartered in Finland.
How many employees does Spinnova have?As of today, Spinnova has over 61 employees.
Is Spinnova publicly listed?Yes, Spinnova is a public company listed on Nasdaq Helsinki.
What is the stock symbol of Spinnova?Spinnova trades under SPINN ticker.
When did Spinnova go public?Spinnova went public in 2021.
Who are competitors of Spinnova?Spinnova main competitors include Hoftex Group, Bremworth, Vincenzo Zucchi, Coltejer, Belysse, El D Mouzakis, Vereinigte Filzfabriken, Ratti, Nafpaktos Textile, Cedro Textil.
What is the current market cap of Spinnova?Spinnova's current market cap is $27M.
What is the current revenue of Spinnova?Spinnova's last 12 months revenue is $409K.
What is the current EV/Revenue multiple of Spinnova?Current revenue multiple of Spinnova is 13.7x.
Is Spinnova profitable?No, Spinnova is not profitable.
What is the current EBITDA of Spinnova?Spinnova has negative EBITDA and is not profitable.
What is Spinnova's EBITDA margin?Spinnova's last 12 months EBITDA margin is (8127%).
What is the current EV/EBITDA multiple of Spinnova?Current EBITDA multiple of Spinnova is (0.2x).
How many companies Spinnova has acquired to date?As of June 2026, Spinnova has acquired 2 companies.
What was the largest acquisition by Spinnova?$2M acquisition of Suzano Finland on 27th August 2025 was the largest M&A Spinnova has done to date.
What companies Spinnova acquired?Spinnova acquired Suzano Finland and Woodspin.
In how many companies Spinnova has invested to date?Spinnova hasn't invested in any companies yet (or none have been disclosed publicly).

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