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Varsav Game Studios Valuation Multiples
Discover revenue and EBITDA valuation multiples for Varsav Game Studios and similar public comparables like Incuvo, Red Square Games, Longterm Games, Road Studio and more.
Varsav Game Studios Overview
About Varsav Game Studios
Varsav Game Studios SA is a Poland-based company. It is mainly engaged in the production of PC and mobile games and applications. The company offers various services to the gaming industry, including portfolio building and providing technological and financial support. Games developed by the company include Bee Simulator, AR Kicker, Crowd Dragons, Metamorphosis, and Interkosmos.
Founded
2016
HQ
Employees
30
Website
Financials (FY)
EV
$3M
Varsav Game Studios Financials
Varsav Game Studios reported last fiscal year revenue of $465K and EBITDA of $186K.
In the same fiscal year, Varsav Game Studios generated $1M in gross profit, $186K in EBITDA, and $145K in net income.
Varsav Game Studios P&L
In the most recent fiscal year, Varsav Game Studios reported revenue of $465K and EBITDA of $186K.
Varsav Game Studios expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $465K | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 254% | XXX | XXX | XXX |
| EBITDA | — | XXX | $186K | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 53% | XXX | XXX | XXX |
| Net Profit | — | XXX | $145K | XXX | XXX | XXX |
| Net Margin | — | XXX | 31% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Varsav Game Studios Stock Performance
Varsav Game Studios has current market cap of $3M, and enterprise value of $3M.
Market Cap Evolution
Varsav Game Studios' stock price is $0.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3M | $3M | 0.1% | XXX | XXX | XXX | $0.01 |
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Start Free TrialVarsav Game Studios Valuation Multiples
Varsav Game Studios trades at 6.9x EV/Revenue multiple, and 17.2x EV/EBITDA.
Varsav Game Studios Financial Valuation Multiples
As of April 20, 2026, Varsav Game Studios has market cap of $3M and EV of $3M.
Equity research analysts estimate Varsav Game Studios' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Varsav Game Studios has a P/E ratio of 19.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3M | XXX | $3M | XXX | XXX | XXX |
| EV (current) | $3M | XXX | $3M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 6.9x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 17.2x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 13.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.7x | XXX | XXX | XXX |
| P/E | — | XXX | 19.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Varsav Game Studios 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.
Varsav Game Studios Margins & Growth Rates
Varsav Game Studios' revenue in the last fiscal year grew by 12%.
Varsav Game Studios' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Varsav Game Studios Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (46%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 201% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Varsav Game Studios 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 | |
| Varsav Game Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| Incuvo | XXX | XXX | XXX | XXX | XXX | XXX |
| Red Square Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Longterm Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Road Studio | XXX | XXX | XXX | XXX | XXX | XXX |
| Sheepyard | 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.
Varsav Game Studios M&A Activity
Varsav Game Studios acquired XXX companies to date.
Last acquisition by Varsav Game Studios was on XXXXXXXX, XXXXX. Varsav Game Studios acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Varsav Game Studios
| 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 TrialVarsav Game Studios Investment Activity
Varsav Game Studios invested in XXX companies to date.
Varsav Game Studios made its latest investment on XXXXXXXX, XXXXX. Varsav Game Studios invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Varsav Game Studios
| 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 Varsav Game Studios
| When was Varsav Game Studios founded? | Varsav Game Studios was founded in 2016. |
| Where is Varsav Game Studios headquartered? | Varsav Game Studios is headquartered in Poland. |
| How many employees does Varsav Game Studios have? | As of today, Varsav Game Studios has over 30 employees. |
| Is Varsav Game Studios publicly listed? | Yes, Varsav Game Studios is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Varsav Game Studios? | Varsav Game Studios trades under VAR ticker. |
| When did Varsav Game Studios go public? | Varsav Game Studios went public in 2012. |
| Who are competitors of Varsav Game Studios? | Varsav Game Studios main competitors are Incuvo, Red Square Games, Longterm Games, Road Studio. |
| What is the current market cap of Varsav Game Studios? | Varsav Game Studios' current market cap is $3M. |
| What is the current revenue of Varsav Game Studios? | Varsav Game Studios' last fiscal year revenue is $465K. |
| What is the current EV/Revenue multiple of Varsav Game Studios? | Current revenue multiple of Varsav Game Studios is 6.9x. |
| Is Varsav Game Studios profitable? | No, Varsav Game Studios is not profitable. |
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