Switch theme
Sign up to access all valuation multiples
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
1988
961
LTM Revenue $151M
LTM EBITDA $4.0M
$209M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
WithSecure has a last 12-month revenue (LTM) of $151M and a last 12-month EBITDA of $4.0M.
In the most recent fiscal year, WithSecure achieved revenue of $130M and an EBITDA of $35.1M.
WithSecure expects next 12-month revenue of XXX and NTM EBITDA of XXX
See WithSecure valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $151M | XXX | $130M | XXX | XXX | XXX |
| Gross Profit | $84.8M | XXX | $104M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $4.0M | XXX | $35.1M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 27% | XXX | XXX | XXX |
| EBIT | -$11.7M | XXX | -$14.1M | XXX | XXX | XXX |
| EBIT Margin | -8% | XXX | -11% | XXX | XXX | XXX |
| Net Profit | -$27.0M | XXX | -$42.7M | XXX | XXX | XXX |
| Net Margin | -18% | XXX | -33% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, WithSecure's stock price is EUR 1 (or $1).
WithSecure has current market cap of EUR 182M (or $205M), and EV of EUR 186M (or $209M).
See WithSecure trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $209M | $205M | XXX | XXX | XXX | XXX | $-0.06 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, WithSecure has market cap of $205M and EV of $209M.
WithSecure's trades at 1.6x EV/Revenue multiple, and 6.0x EV/EBITDA.
Equity research analysts estimate WithSecure's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
WithSecure has a P/E ratio of -7.6x.
See valuation multiples for WithSecure and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $205M | XXX | $205M | XXX | XXX | XXX |
| EV (current) | $209M | XXX | $209M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 52.1x | XXX | 6.0x | XXX | XXX | XXX |
| EV/EBIT | -17.9x | XXX | -14.9x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | -7.6x | XXX | -4.8x | XXX | XXX | XXX |
| EV/FCF | -110.8x | XXX | -35.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWithSecure's last 12 month revenue growth is -4%
WithSecure's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
WithSecure's rule of 40 is -21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
WithSecure's rule of X is -8% (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).
See operational valuation multiples for WithSecure and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 133% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -21% | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -8% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 45% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 35% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 91% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | 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.
WithSecure acquired XXX companies to date.
Last acquisition by WithSecure was XXXXXXXX, XXXXX XXXXX XXXXXX . WithSecure acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was WithSecure founded? | WithSecure was founded in 1988. |
| Where is WithSecure headquartered? | WithSecure is headquartered in Finland. |
| How many employees does WithSecure have? | As of today, WithSecure has 961 employees. |
| Who is the CEO of WithSecure? | WithSecure's CEO is Mr. Antti Koskela. |
| Is WithSecure publicy listed? | Yes, WithSecure is a public company listed on HEL. |
| What is the stock symbol of WithSecure? | WithSecure trades under WITH ticker. |
| When did WithSecure go public? | WithSecure went public in 1999. |
| Who are competitors of WithSecure? | Similar companies to WithSecure include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of WithSecure? | WithSecure's current market cap is $205M |
| What is the current revenue of WithSecure? | WithSecure's last 12 months revenue is $151M. |
| What is the current revenue growth of WithSecure? | WithSecure revenue growth (NTM/LTM) is -4%. |
| What is the current EV/Revenue multiple of WithSecure? | Current revenue multiple of WithSecure is 1.4x. |
| Is WithSecure profitable? | Yes, WithSecure is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of WithSecure? | WithSecure's last 12 months EBITDA is $4.0M. |
| What is WithSecure's EBITDA margin? | WithSecure's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of WithSecure? | Current EBITDA multiple of WithSecure is 52.1x. |
| What is the current FCF of WithSecure? | WithSecure's last 12 months FCF is -$1.9M. |
| What is WithSecure's FCF margin? | WithSecure's last 12 months FCF margin is -1%. |
| What is the current EV/FCF multiple of WithSecure? | Current FCF multiple of WithSecure is -110.8x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
