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Verimatrix Valuation Multiples
Discover revenue and EBITDA valuation multiples for Verimatrix and similar public comparables like Netum Group, AuthID, NARF Industries, Shearwater Group and more.
Verimatrix Overview
About Verimatrix
Verimatrix is a trusted business partner providing software security and business intelligence solutions that protect content, devices, applications, and communications across multiple markets. Its product solutions include Multi-DRM, Video Content Authority System, Watermarking, Content Distribution, TV Authentication, Analytics, Code Protection, Mobile Payment, and Strong Authentication.
Founded
1994
HQ

Employees
270
Website
Financials (LTM)
EV
$43M
Verimatrix Financials
Verimatrix reported last 12-month revenue of $35M and EBITDA of $397K.
In the same LTM period, Verimatrix generated $397K in EBITDA and had net loss of ($58M).
Revenue (LTM)
Verimatrix P&L
In the most recent fiscal year, Verimatrix reported revenue of $47M and EBITDA of ($200K).
Verimatrix expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $35M | XXX | $47M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $30M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $397K | XXX | ($200K) | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | (0%) | XXX | XXX | XXX |
| EBIT Margin | (14%) | XXX | (12%) | XXX | XXX | XXX |
| Net Profit | ($58M) | XXX | ($79M) | XXX | XXX | XXX |
| Net Margin | (163%) | XXX | (169%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Verimatrix Stock Performance
Verimatrix has current market cap of $18M, and enterprise value of $43M.
Market Cap Evolution
Verimatrix's stock price is $0.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $43M | $18M | 5.0% | XXX | XXX | XXX | $-0.90 |
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Start Free TrialVerimatrix Valuation Multiples
Verimatrix trades at 1.2x EV/Revenue multiple, and 108.3x EV/EBITDA.
EV / Revenue (LTM)
Verimatrix Financial Valuation Multiples
As of April 20, 2026, Verimatrix has market cap of $18M and EV of $43M.
Equity research analysts estimate Verimatrix's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Verimatrix has a P/E ratio of (0.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18M | XXX | $18M | XXX | XXX | XXX |
| EV (current) | $43M | XXX | $43M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 108.3x | XXX | (215.1x) | XXX | XXX | XXX |
| EV/EBIT | (8.8x) | XXX | (7.7x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.5x | XXX | XXX | XXX |
| P/E | (0.3x) | XXX | (0.2x) | XXX | XXX | XXX |
| EV/FCF | (5.3x) | XXX | (17.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Verimatrix 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.


Verimatrix Margins & Growth Rates
Verimatrix's revenue in the last 12 month grew by 16%.
Verimatrix's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Verimatrix's rule of 40 is (8%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Verimatrix's rule of X is (27%) (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).
Verimatrix Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | (13%) | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Growth | 436% | XXX | (1000%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (8%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (27%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 35% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 77% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verimatrix Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Verimatrix | XXX | XXX | XXX | XXX | XXX | XXX |
| Netum Group | XXX | XXX | XXX | XXX | XXX | XXX |
| AuthID | XXX | XXX | XXX | XXX | XXX | XXX |
| NARF Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Shearwater Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SMX (Security Matters) | 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.
Verimatrix M&A Activity
Verimatrix acquired XXX companies to date.
Last acquisition by Verimatrix was on XXXXXXXX, XXXXX. Verimatrix acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Verimatrix
| 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 TrialVerimatrix Investment Activity
Verimatrix invested in XXX companies to date.
Verimatrix made its latest investment on XXXXXXXX, XXXXX. Verimatrix invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Verimatrix
| 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 Verimatrix
| When was Verimatrix founded? | Verimatrix was founded in 1994. |
| Where is Verimatrix headquartered? | Verimatrix is headquartered in France. |
| How many employees does Verimatrix have? | As of today, Verimatrix has over 270 employees. |
| Is Verimatrix publicly listed? | Yes, Verimatrix is a public company listed on Euronext Paris. |
| What is the stock symbol of Verimatrix? | Verimatrix trades under VMX ticker. |
| When did Verimatrix go public? | Verimatrix went public in 2012. |
| Who are competitors of Verimatrix? | Verimatrix main competitors are Netum Group, AuthID, NARF Industries, Shearwater Group. |
| What is the current market cap of Verimatrix? | Verimatrix's current market cap is $18M. |
| What is the current revenue of Verimatrix? | Verimatrix's last 12 months revenue is $35M. |
| What is the current revenue growth of Verimatrix? | Verimatrix revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Verimatrix? | Current revenue multiple of Verimatrix is 1.2x. |
| Is Verimatrix profitable? | Yes, Verimatrix is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Verimatrix? | Verimatrix's last 12 months EBITDA is $397K. |
| What is Verimatrix's EBITDA margin? | Verimatrix's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Verimatrix? | Current EBITDA multiple of Verimatrix is 108.3x. |
| What is the current FCF of Verimatrix? | Verimatrix's last 12 months FCF is ($8M). |
| What is Verimatrix's FCF margin? | Verimatrix's last 12 months FCF margin is (23%). |
| What is the current EV/FCF multiple of Verimatrix? | Current FCF multiple of Verimatrix is (5.3x). |
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