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Terns Pharma Valuation Multiples

Discover revenue and EBITDA valuation multiples for Terns Pharma and similar public comparables like Galapagos, Pharming, and Vivoryon Therapeutics.

Terns Pharma Overview

About Terns Pharma

Terns Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The company is developing a portfolio of small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis, NASH, and other chronic liver diseases. Its product candidates include TERN-701, TERN-601, TERN-501 and TERN-800.


Founded

2016

HQ

United States of America
Employees

59

Website

ternspharma.com

Financials

Last FY Revenue n/a

LTM EBITDA -$110M

EV

-$62.3M

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Terns Pharma Financials

Terns Pharma has a last 12-month revenue (LTM) of n/a and a last 12-month EBITDA of -$110M.

In the most recent fiscal year, Terns Pharma achieved revenue of n/a and an EBITDA of -$101M.

Terns Pharma expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Terns Pharma P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue n/a XXX n/a XXX XXX XXX
Gross Profit n/a XXX n/a XXX XXX XXX
Gross Margin n/a XXX n/a XXX XXX XXX
EBITDA -$110M XXX -$101M XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBIT -$109M XXX -$102M XXX XXX XXX
EBIT Margin n/a XXX n/a XXX XXX XXX
Net Profit -$97.1M XXX -$88.9M XXX XXX XXX
Net Margin n/a XXX n/a XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Terns Pharma Stock Performance

As of May 30, 2025, Terns Pharma's stock price is $3.

Terns Pharma has current market cap of $271M, and EV of -$62.3M.

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Terns Pharma Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
-$62.3M $271M XXX XXX XXX XXX $-1.15

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Terns Pharma Valuation Multiples

As of May 30, 2025, Terns Pharma has market cap of $271M and EV of -$62.3M.

Terns Pharma's trades at n/a EV/Revenue multiple, and 0.6x EV/EBITDA.

Equity research analysts estimate Terns Pharma's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Terns Pharma has a P/E ratio of -2.8x.

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Terns Pharma Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $271M XXX $271M XXX XXX XXX
EV (current) -$62.3M XXX -$62.3M XXX XXX XXX
EV/Revenue n/a XXX n/a XXX XXX XXX
EV/EBITDA 0.6x XXX 0.6x XXX XXX XXX
EV/EBIT 0.6x XXX 0.6x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E -2.8x XXX -3.0x XXX XXX XXX
EV/FCF 0.7x XXX 0.9x XXX XXX XXX

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Terns Pharma Margins & Growth Rates

Terns Pharma's revenue per employee in the last FY averaged n/a, while opex per employee averaged $1.7M for the same period.

Terns Pharma's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Terns Pharma's rule of X is n/a (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).

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Terns Pharma Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth 17% XXX 9% XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX n/a XXX XXX XXX
Opex per Employee XXX XXX $1.7M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a 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 n/a XXX XXX XXX

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Terns Pharma Public Comps

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EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Benevolent AI XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics 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.

Terns Pharma M&A and Investment Activity

Terns Pharma acquired  XXX companies to date.

Last acquisition by Terns Pharma was  XXXXXXXX, XXXXX XXXXX XXXXXX . Terns Pharma acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Terns Pharma

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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About Terns Pharma

When was Terns Pharma founded? Terns Pharma was founded in 2016.
Where is Terns Pharma headquartered? Terns Pharma is headquartered in United States of America.
How many employees does Terns Pharma have? As of today, Terns Pharma has 59 employees.
Who is the CEO of Terns Pharma? Terns Pharma's CEO is Ms. Amy Burroughs, M.B.A..
Is Terns Pharma publicy listed? Yes, Terns Pharma is a public company listed on NAS.
What is the stock symbol of Terns Pharma? Terns Pharma trades under TERN ticker.
When did Terns Pharma go public? Terns Pharma went public in 2021.
Who are competitors of Terns Pharma? Similar companies to Terns Pharma include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of Terns Pharma? Terns Pharma's current market cap is $271M
Is Terns Pharma profitable? Yes, Terns Pharma is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Terns Pharma? Terns Pharma's last 12 months EBITDA is -$110M.
What is the current EV/EBITDA multiple of Terns Pharma? Current EBITDA multiple of Terns Pharma is 0.6x.
What is the current FCF of Terns Pharma? Terns Pharma's last 12 months FCF is -$83.4M.
What is the current EV/FCF multiple of Terns Pharma? Current FCF multiple of Terns Pharma is 0.7x.

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