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- Starbreeze
Starbreeze Valuation Multiples
Discover revenue and EBITDA valuation multiples for Starbreeze and similar public comparables like Skonec, Games Operators, Thunderful Group, Big Cheese Studio and more.
Starbreeze Overview
About Starbreeze
Starbreeze AB is a creator, publisher, and distributor of entertainment products. It mainly develops and publishes games for the Console, PC, and Mobile gaming markets. Its reportable segments are; game sales which generates key revenue, third-party publishing, licenses, and Others.
Founded
1998
HQ

Employees
194
Website
Sectors
Financials (LTM)
EV
$8M
Starbreeze Financials
Starbreeze reported last 12-month revenue of $22M and negative EBITDA of ($7M).
In the same LTM period, Starbreeze generated ($7M) in EBITDA losses and had net loss of ($34M).
Revenue (LTM)
Starbreeze P&L
In the most recent fiscal year, Starbreeze reported revenue of $24M and EBITDA of ($11M).
Starbreeze expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $22M | XXX | $24M | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($28M) | XXX | XXX | XXX |
| Gross Margin | — | XXX | (117%) | XXX | XXX | XXX |
| EBITDA | ($7M) | XXX | ($11M) | XXX | XXX | XXX |
| EBITDA Margin | (34%) | XXX | (47%) | XXX | XXX | XXX |
| EBIT Margin | (98%) | XXX | (113%) | XXX | XXX | XXX |
| Net Profit | ($34M) | XXX | ($42M) | XXX | XXX | XXX |
| Net Margin | (153%) | XXX | (174%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Starbreeze Stock Performance
Starbreeze has current market cap of $15M, and enterprise value of $8M.
Market Cap Evolution
Starbreeze's stock price is $0.01.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8M | $15M | 0.0% | XXX | XXX | XXX | $-0.03 |
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Start Free TrialStarbreeze Valuation Multiples
Starbreeze trades at 0.4x EV/Revenue multiple, and (1.1x) EV/EBITDA.
EV / Revenue (LTM)
Starbreeze Financial Valuation Multiples
As of April 5, 2026, Starbreeze has market cap of $15M and EV of $8M.
Equity research analysts estimate Starbreeze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Starbreeze has a P/E ratio of (0.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15M | XXX | $15M | XXX | XXX | XXX |
| EV (current) | $8M | XXX | $8M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | (1.1x) | XXX | (0.7x) | XXX | XXX | XXX |
| EV/EBIT | (0.4x) | XXX | (0.3x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (0.3x) | XXX | XXX | XXX |
| P/E | (0.4x) | XXX | (0.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (0.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Starbreeze 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.


Starbreeze Margins & Growth Rates
Starbreeze's revenue in the last 12 month declined by (26%).
Starbreeze's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Starbreeze's rule of 40 is (8%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Starbreeze's rule of X is (53%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Starbreeze Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (26%) | XXX | (33%) | XXX | XXX | XXX |
| EBITDA Margin | (34%) | XXX | (47%) | XXX | XXX | XXX |
| EBITDA Growth | (162%) | XXX | (132%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (8%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (53%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 57% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Starbreeze Public Comps
See public comps and valuation multiples for other Gaming - Console & PC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Skonec | XXX | XXX | XXX | XXX | XXX | XXX |
| Games Operators | XXX | XXX | XXX | XXX | XXX | XXX |
| Thunderful Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Big Cheese Studio | XXX | XXX | XXX | XXX | XXX | XXX |
| All In Games | 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.
Starbreeze M&A Activity
Starbreeze acquired XXX companies to date.
Last acquisition by Starbreeze was on XXXXXXXX, XXXXX. Starbreeze acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Starbreeze
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialStarbreeze Investment Activity
Starbreeze invested in XXX companies to date.
Starbreeze made its latest investment on XXXXXXXX, XXXXX. Starbreeze invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Starbreeze
| 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 Starbreeze
| When was Starbreeze founded? | Starbreeze was founded in 1998. |
| Where is Starbreeze headquartered? | Starbreeze is headquartered in Sweden. |
| How many employees does Starbreeze have? | As of today, Starbreeze has over 194 employees. |
| Who is the CEO of Starbreeze? | Starbreeze's CEO is Adolf Kristjansson. |
| Is Starbreeze publicly listed? | Yes, Starbreeze is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Starbreeze? | Starbreeze trades under STAR B ticker. |
| When did Starbreeze go public? | Starbreeze went public in 2003. |
| Who are competitors of Starbreeze? | Starbreeze main competitors are Skonec, Games Operators, Thunderful Group, Big Cheese Studio. |
| What is the current market cap of Starbreeze? | Starbreeze's current market cap is $15M. |
| What is the current revenue of Starbreeze? | Starbreeze's last 12 months revenue is $22M. |
| What is the current revenue growth of Starbreeze? | Starbreeze revenue growth (NTM/LTM) is (26%). |
| What is the current EV/Revenue multiple of Starbreeze? | Current revenue multiple of Starbreeze is 0.4x. |
| Is Starbreeze profitable? | No, Starbreeze is not profitable. |
| What is the current EBITDA of Starbreeze? | Starbreeze has negative EBITDA and is not profitable. |
| What is Starbreeze's EBITDA margin? | Starbreeze's last 12 months EBITDA margin is (34%). |
| What is the current EV/EBITDA multiple of Starbreeze? | Current EBITDA multiple of Starbreeze is (1.1x). |
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