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Spir Group ASA is a software company. It specializes in offering digital solutions to companies in the Nordic region. It provides digital solutions for case management and archive systems. The company provides solutions like RiskManager, eByggesak, Cloud, Lekdommer, and Sak-Arkiv. The company works in five segments: Sikri, Ambita, Boligmappa, Iverdi, and Metria segments. The majority of its revenue is generated from the Sikri segment.
2019
368
LTM Revenue $116M
LTM EBITDA $20.9M
$176M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Spir Group has a last 12-month revenue (LTM) of $116M and a last 12-month EBITDA of $20.9M.
In the most recent fiscal year, Spir Group achieved revenue of $110M and an EBITDA of $24.4M.
Spir Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Spir Group valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $116M | XXX | $110M | XXX | XXX | XXX |
| Gross Profit | $71.5M | XXX | $67.5M | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $20.9M | XXX | $24.4M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 22% | XXX | XXX | XXX |
| EBIT | $5.9M | XXX | $5.1M | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $2.6M | XXX | $3.3M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $63.2M | XXX | XXX | XXX |
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As of May 30, 2025, Spir Group's stock price is NOK 9 (or $1).
Spir Group has current market cap of NOK 1.2B (or $118M), and EV of NOK 1.8B (or $176M).
See Spir Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $176M | $118M | XXX | XXX | XXX | XXX | $0.02 |
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Start Free TrialAs of May 30, 2025, Spir Group has market cap of $118M and EV of $176M.
Spir Group's trades at 1.6x EV/Revenue multiple, and 7.2x EV/EBITDA.
Equity research analysts estimate Spir Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spir Group has a P/E ratio of 46.3x.
See valuation multiples for Spir Group and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $118M | XXX | $118M | XXX | XXX | XXX |
| EV (current) | $176M | XXX | $176M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | 30.0x | XXX | 34.5x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 46.3x | XXX | 36.0x | XXX | XXX | XXX |
| EV/FCF | 31.5x | XXX | 15.9x | 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.
Start Free TrialSpir Group's last 12 month revenue growth is 7%
Spir Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Spir Group's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spir Group's rule of X is 36% (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 Spir Group and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | 23% | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | 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 | 57% | XXX | XXX | XXX |
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| 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.
Spir Group acquired XXX companies to date.
Last acquisition by Spir Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Spir 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 Spir Group founded? | Spir Group was founded in 2019. |
| Where is Spir Group headquartered? | Spir Group is headquartered in Norway. |
| How many employees does Spir Group have? | As of today, Spir Group has 368 employees. |
| Is Spir Group publicy listed? | Yes, Spir Group is a public company listed on OSL. |
| What is the stock symbol of Spir Group? | Spir Group trades under SPIR ticker. |
| When did Spir Group go public? | Spir Group went public in 2020. |
| Who are competitors of Spir Group? | Similar companies to Spir Group include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Spir Group? | Spir Group's current market cap is $118M |
| What is the current revenue of Spir Group? | Spir Group's last 12 months revenue is $116M. |
| What is the current revenue growth of Spir Group? | Spir Group revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Spir Group? | Current revenue multiple of Spir Group is 1.5x. |
| Is Spir Group profitable? | Yes, Spir Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spir Group? | Spir Group's last 12 months EBITDA is $20.9M. |
| What is Spir Group's EBITDA margin? | Spir Group's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Spir Group? | Current EBITDA multiple of Spir Group is 8.4x. |
| What is the current FCF of Spir Group? | Spir Group's last 12 months FCF is $5.6M. |
| What is Spir Group's FCF margin? | Spir Group's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Spir Group? | Current FCF multiple of Spir Group is 31.5x. |
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