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XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
2002
1.2K+
LTM Revenue $489M
LTM EBITDA n/a
$1.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
XTB has a last 12-month revenue of $489M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, XTB achieved revenue of $420M and an EBITDA of $252M.
XTB expects next 12-month revenue of XXX and NTM EBITDA of XXX
See XTB valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $381M | $420M | XXX | XXX | XXX |
| Gross Profit | $130M | $327M | XXX | XXX | XXX |
| Gross Margin | 34% | 78% | XXX | XXX | XXX |
| EBITDA | $244M | $252M | XXX | XXX | XXX |
| EBITDA Margin | 64% | 60% | XXX | XXX | XXX |
| Net Profit | $61.1M | $197M | XXX | XXX | XXX |
| Net Margin | 16% | 47% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, XTB's stock price is PLN 75 (or $19).
XTB has current market cap of PLN 8.9B (or $2.3B), and EV of PLN 7.0B (or $1.8B).
See XTB trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.8B | $2.3B | XXX | XXX | XXX | XXX | $1.80 |
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Sign UpAs of April 15, 2025, XTB has market cap of $2.3B and EV of $1.8B.
XTB's trades at 3.7x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate XTB's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for XTB and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.8B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | XXX | XXX |
| P/E | 11.2x | XXX | XXX | XXX |
| P/E/Growth | -1.3x | XXX | XXX | XXX |
| EV/FCF | 15.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpXTB's NTM/LTM revenue growth is 7%
XTB's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, XTB'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 XTB's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for XTB and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 67% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | XXX | XXX | XXX |
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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 | |
| Bell Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SelfWealth | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| Share India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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XTB acquired XXX companies to date.
Last acquisition by XTB was XXXXXXXX, XXXXX XXXXX XXXXXX . XTB 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 |
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Sign Up| When was XTB founded? | XTB was founded in 2002. |
| Where is XTB headquartered? | XTB is headquartered in Poland. |
| How many employees does XTB have? | As of today, XTB has 1.2K+ employees. |
| Is XTB publicy listed? | Yes, XTB is a public company listed on WAR. |
| What is the stock symbol of XTB? | XTB trades under XTB ticker. |
| When did XTB go public? | XTB went public in 2016. |
| Who are competitors of XTB? | Similar companies to XTB include e.g. Bell Financial Group, SelfWealth, Choice International, Motilal Oswal. |
| What is the current market cap of XTB? | XTB's current market cap is $2.3B |
| What is the current revenue of XTB? | XTB's last 12-month revenue is $489M. |
| What is the current EV/Revenue multiple of XTB? | Current revenue multiple of XTB is 3.7x. |
| What is the current revenue growth of XTB? | XTB revenue growth between 2023 and 2024 was 10%. |
| Is XTB profitable? | Yes, XTB is EBITDA-positive (as of the last 12 months). |
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