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- Substrate Artificial
Substrate Artificial Valuation Multiples
Discover revenue and EBITDA valuation multiples for Substrate Artificial and similar public comparables like Datrix, Lighton, Teneo AI, Turnkey Capital and more.
Substrate Artificial Overview
About Substrate Artificial
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.
Founded
2010
HQ

Employees
153
Website
Financials (FY)
EV
$37M
Substrate Artificial Financials
Substrate Artificial reported last fiscal year revenue of $21M and EBITDA of $13M.
In the same fiscal year, Substrate Artificial generated $16M in gross profit, $13M in EBITDA, and $9M in net income.
Substrate Artificial P&L
In the most recent fiscal year, Substrate Artificial reported revenue of $21M and EBITDA of $13M.
Substrate Artificial expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $21M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 77% | XXX | XXX | XXX |
| EBITDA | — | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 65% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 22% | XXX | XXX | XXX |
| Net Profit | — | XXX | $9M | XXX | XXX | XXX |
| Net Margin | — | XXX | 42% | XXX | XXX | XXX |
| Net Debt | — | — | $3M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Substrate Artificial Stock Performance
Substrate Artificial has current market cap of $34M, and enterprise value of $37M.
Market Cap Evolution
Substrate Artificial's stock price is $0.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37M | $34M | 0.0% | XXX | XXX | XXX | $0.03 |
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Start Free TrialSubstrate Artificial Valuation Multiples
Substrate Artificial trades at 1.8x EV/Revenue multiple, and 2.7x EV/EBITDA.
Substrate Artificial Financial Valuation Multiples
As of April 19, 2026, Substrate Artificial has market cap of $34M and EV of $37M.
Equity research analysts estimate Substrate Artificial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Substrate Artificial has a P/E ratio of 3.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $34M | XXX | $34M | XXX | XXX | XXX |
| EV (current) | $37M | XXX | $37M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 8.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.3x | XXX | XXX | XXX |
| P/E | — | XXX | 3.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 722.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Substrate Artificial 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.


Substrate Artificial Margins & Growth Rates
Substrate Artificial's revenue in the last fiscal year grew by 104%.
Substrate Artificial's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Substrate Artificial Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 104% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 65% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (282%) | 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 | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 43% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 55% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Substrate Artificial Public Comps
See public comps and valuation multiples for other Artificial Intelligence and Pure-Play AI Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Substrate Artificial | XXX | XXX | XXX | XXX | XXX | XXX |
| Datrix | XXX | XXX | XXX | XXX | XXX | XXX |
| Lighton | XXX | XXX | XXX | XXX | XXX | XXX |
| Teneo AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Turnkey Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Beamtree | 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.
Substrate Artificial M&A Activity
Substrate Artificial acquired XXX companies to date.
Last acquisition by Substrate Artificial was on XXXXXXXX, XXXXX. Substrate Artificial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Substrate Artificial
| 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 TrialSubstrate Artificial Investment Activity
Substrate Artificial invested in XXX companies to date.
Substrate Artificial made its latest investment on XXXXXXXX, XXXXX. Substrate Artificial invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Substrate Artificial
| 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 Substrate Artificial
| When was Substrate Artificial founded? | Substrate Artificial was founded in 2010. |
| Where is Substrate Artificial headquartered? | Substrate Artificial is headquartered in Spain. |
| How many employees does Substrate Artificial have? | As of today, Substrate Artificial has over 153 employees. |
| Is Substrate Artificial publicly listed? | Yes, Substrate Artificial is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Substrate Artificial? | Substrate Artificial trades under SAI ticker. |
| When did Substrate Artificial go public? | Substrate Artificial went public in 2022. |
| Who are competitors of Substrate Artificial? | Substrate Artificial main competitors are Datrix, Lighton, Teneo AI, Turnkey Capital. |
| What is the current market cap of Substrate Artificial? | Substrate Artificial's current market cap is $34M. |
| What is the current revenue of Substrate Artificial? | Substrate Artificial's last fiscal year revenue is $21M. |
| What is the current EV/Revenue multiple of Substrate Artificial? | Current revenue multiple of Substrate Artificial is 1.8x. |
| Is Substrate Artificial profitable? | No, Substrate Artificial is not profitable. |
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