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Verve Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for Verve Group and similar public comparables like Affle India, Azerion Group, and Investor.bg.

Verve Group Overview

About Verve Group

Verve Group SE operates a fast-growing ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. Verve’s main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, Verve has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better.


Founded

2011

HQ

Sweden
Employees

672

Website

verve.com

Financials

LTM Revenue $508M

LTM EBITDA $157M

EV

$894M

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Verve Group Financials

Verve Group has a last 12-month revenue of $508M and a last 12-month EBITDA of $157M.

In the most recent fiscal year, Verve Group achieved revenue of $43.4M and an EBITDA of $13.4M.

Verve Group expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Verve Group P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $32.5M $43.4M XXX XXX XXX
Gross Profit $5.0M $3.9M XXX XXX XXX
Gross Margin 15% 9% XXX XXX XXX
EBITDA $1.2M $13.4M XXX XXX XXX
EBITDA Margin 4% 31% XXX XXX XXX
Net Profit -$2.0M $4.6M XXX XXX XXX
Net Margin -6% 11% XXX XXX XXX
Net Debt $26.9M $25.9M XXX XXX XXX

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Verve Group Stock Performance

As of April 15, 2025, Verve Group's stock price is SEK 30 (or $3).

Verve Group has current market cap of SEK 5.7B (or $565M), and EV of SEK 9.0B (or $894M).

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Verve Group Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$894M $565M XXX XXX XXX XXX $0.29

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Verve Group Valuation Multiples

As of April 15, 2025, Verve Group has market cap of $565M and EV of $894M.

Verve Group's trades at 1.8x LTM EV/Revenue multiple, and 5.7x LTM EBITDA.

Analysts estimate Verve Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Verve Group Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $894M XXX XXX XXX
EV/Revenue 20.6x XXX XXX XXX
EV/EBITDA 66.7x XXX XXX XXX
P/E 197.6x XXX XXX XXX
P/E/Growth 0.4x XXX XXX XXX
EV/FCF 95.4x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Verve Group Valuation Multiples

Verve Group's NTM/LTM revenue growth is 17%

Verve Group's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $3K for the same period.

Over next 12 months, Verve Group's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Verve Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Verve Group Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 33% XXX XXX XXX XXX
EBITDA Margin 31% XXX XXX XXX XXX
EBITDA Growth 977% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 48% XXX XXX XXX XXX
Revenue per Employee $0.1M XXX XXX XXX XXX
Opex per Employee $3K XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 5% XXX XXX XXX XXX

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Verve Group Public Comps

See public comps and valuation multiples for AdTech Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Azerion Group XXX XXX XXX XXX XXX XXX
Adveritas XXX XXX XXX XXX XXX XXX
Brightcom Group XXX XXX XXX XXX XXX XXX
Affle India XXX XXX XXX XXX XXX XXX
Investor.bg XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Verve Group M&A and Investment Activity

Verve Group acquired  XXX companies to date.

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

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Latest Acquisitions by Verve Group

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 Verve Group

When was Verve Group founded? Verve Group was founded in 2011.
Where is Verve Group headquartered? Verve Group is headquartered in Sweden.
How many employees does Verve Group have? As of today, Verve Group has 672 employees.
Who is the CEO of Verve Group? Verve Group's CEO is Mr. Remco Westermann.
Is Verve Group publicy listed? Yes, Verve Group is a public company listed on STO.
What is the stock symbol of Verve Group? Verve Group trades under VER ticker.
When did Verve Group go public? Verve Group went public in 2020.
Who are competitors of Verve Group? Similar companies to Verve Group include e.g. Azerion Group, Adveritas, Brightcom Group, Affle India.
What is the current market cap of Verve Group? Verve Group's current market cap is $565M
What is the current revenue of Verve Group? Verve Group's last 12-month revenue is $508M.
What is the current EBITDA of Verve Group? Verve Group's last 12-month EBITDA is $157M.
What is the current EV/Revenue multiple of Verve Group? Current revenue multiple of Verve Group is 1.8x.
What is the current EV/EBITDA multiple of Verve Group? Current EBITDA multiple of Verve Group is 5.7x.
What is the current revenue growth of Verve Group? Verve Group revenue growth between 2023 and 2024 was 33%.
Is Verve Group profitable? Yes, Verve Group is EBITDA-positive (as of the last 12 months).

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