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- The Dust
The Dust Valuation Multiples
Discover revenue and EBITDA valuation multiples for The Dust and similar public comparables like Iron Wolf Studio, Drageus Games, Draw Distance, Megapixel Studio and more.
The Dust Overview
About The Dust
The Dust SA offers a range of tools in the field of advergaming, creating projects using AR and VR technologies and production of mobile games. The company offers Cyber Strike, Winnie Play, and others.
Founded
N/A
HQ

Employees
9
Website
Financials (FY)
EV
$555K
The Dust Financials
The Dust reported last fiscal year revenue of $265K and EBITDA of $219K.
In the same fiscal year, The Dust generated $385K in gross profit, $219K in EBITDA, and had net loss of ($17K).
The Dust P&L
In the most recent fiscal year, The Dust reported revenue of $265K and EBITDA of $219K.
The Dust expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $265K | XXX | XXX | XXX |
| Gross Profit | — | XXX | $385K | XXX | XXX | XXX |
| Gross Margin | — | XXX | 145% | XXX | XXX | XXX |
| EBITDA | — | XXX | $219K | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 82% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (32%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($17K) | XXX | XXX | XXX |
| Net Margin | — | XXX | (6%) | XXX | XXX | XXX |
| Net Debt | — | — | $39K | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
The Dust Stock Performance
The Dust has current market cap of $517K, and enterprise value of $555K.
Market Cap Evolution
The Dust's stock price is $0.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $555K | $517K | -4.8% | XXX | XXX | XXX | $-0.01 |
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Start Free TrialThe Dust Valuation Multiples
The Dust trades at 2.1x EV/Revenue multiple, and 2.5x EV/EBITDA.
The Dust Financial Valuation Multiples
As of April 11, 2026, The Dust has market cap of $517K and EV of $555K.
Equity research analysts estimate The Dust's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
The Dust has a P/E ratio of (31.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $517K | XXX | $517K | XXX | XXX | XXX |
| EV (current) | $555K | XXX | $555K | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (6.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.4x | XXX | XXX | XXX |
| P/E | — | XXX | (31.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (18.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified The Dust 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.


The Dust Margins & Growth Rates
The Dust's revenue in the last fiscal year declined by (93%).
The Dust's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.1M for the same period.
The Dust Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (93%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 82% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (198%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 178% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
The Dust Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Iron Wolf Studio | XXX | XXX | XXX | XXX | XXX | XXX |
| Drageus Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Draw Distance | XXX | XXX | XXX | XXX | XXX | XXX |
| Megapixel Studio | XXX | XXX | XXX | XXX | XXX | XXX |
| Live Motion 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.
The Dust M&A Activity
The Dust acquired XXX companies to date.
Last acquisition by The Dust was on XXXXXXXX, XXXXX. The Dust acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by The Dust
| 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 TrialThe Dust Investment Activity
The Dust invested in XXX companies to date.
The Dust made its latest investment on XXXXXXXX, XXXXX. The Dust invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by The Dust
| 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 The Dust
| Where is The Dust headquartered? | The Dust is headquartered in Poland. |
| How many employees does The Dust have? | As of today, The Dust has over 9 employees. |
| Is The Dust publicly listed? | Yes, The Dust is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of The Dust? | The Dust trades under THD ticker. |
| When did The Dust go public? | The Dust went public in 2018. |
| Who are competitors of The Dust? | The Dust main competitors are Iron Wolf Studio, Drageus Games, Draw Distance, Megapixel Studio. |
| What is the current market cap of The Dust? | The Dust's current market cap is $517K. |
| What is the current revenue of The Dust? | The Dust's last fiscal year revenue is $265K. |
| What is the current EV/Revenue multiple of The Dust? | Current revenue multiple of The Dust is 2.1x. |
| Is The Dust profitable? | No, The Dust is not profitable. |
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