Zelluna Valuation Multiples

Discover revenue and EBITDA valuation multiples for Zelluna.

Zelluna Overview

About Zelluna

Zelluna ASA is a clinical-stage biotechnology company developing novel immunotherapies against cancer and the development of T-Cell Receptor Natural Killer cell therapies for the treatment of solid cancers. The company's current pipeline consists of allogeneic TCR-NK R&D programs ZI-MA4-1, ZI-KL1-1, and ZI-PR-1 targeting well validated antigens expressed across a broad range of solid tumors.


Founded

2011

HQ

Norway

Employees

12

Financials (FY)

Revenue: -
EBITDA: ($14M)

EV

$62M

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Zelluna Financials

Zelluna reported last fiscal year revenue of - and negative EBITDA of ($14M).

In the same fiscal year, Zelluna generated ($14M) in EBITDA losses and had net loss of ($15M).


Zelluna P&L

In the most recent fiscal year, Zelluna reported revenue of - and EBITDA of ($14M).

Zelluna is unprofitable as of last fiscal year, with EBITDA margin of - and net margin of -.

See analyst estimates for Zelluna
Last FY202320242025202620272028
EBITDA($14M)($22M)($16M)($14M)
Net Profit($15M)($20M)($21M)($15M)

Financial data powered by Morningstar, Inc.

Zelluna Stock Performance

Zelluna has current market cap of $67M, and enterprise value of $62M.


Zelluna's stock price is $2.23.

Zelluna has an EPS (earnings per share) of $-0.50.

See more trading valuation data for Zelluna
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$62M$67M-1.4%---$-0.50

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Zelluna Valuation Multiples

Zelluna trades at (4.3x) EV/EBITDA.

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Zelluna Financial Valuation Multiples

As of August 14, 2026, Zelluna has market cap of $67M and EV of $62M.

Zelluna has a P/E ratio of (4.5x).

Last FY202320242025202620272028
EV/EBITDA(4.3x)(2.7x)(3.9x)(4.3x)
EV/EBIT(4.2x)(2.7x)(3.9x)(4.2x)
P/E(4.5x)(3.3x)(3.1x)(4.5x)
EV/FCF(3.9x)(3.1x)(3.6x)(3.9x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Zelluna 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.

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Zelluna Margins & Growth Rates

See estimated margins and future growth rates for Zelluna

Zelluna Growth Rates

23/2424/2526/2727/2828/29
EBITDA Growth(30%)(9%)
EBIT Growth(30%)(9%)
Net Profit Growth6%(30%)
FCF Growth(14%)(9%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Zelluna Operational KPIs

Zelluna's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $1.2M for the same period.

Access forward-looking KPIs for Zelluna
Last FY202620272028
Revenue per Employee$0.0M
Opex per Employee$1.2M

Data powered by FactSet, Inc. and Morningstar, Inc.

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Zelluna Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Zelluna VC Funding History

Before going public, Zelluna raised $8M in total equity funding, across 1 round.


Zelluna Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Jun-20Series A-$8M--

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About Zelluna

When was Zelluna founded?Zelluna was founded in 2011.
Where is Zelluna headquartered?Zelluna is headquartered in Norway.
How many employees does Zelluna have?As of today, Zelluna has over 12 employees.
Is Zelluna publicly listed?Yes, Zelluna is a public company listed on Oslo Børs.
What is the stock symbol of Zelluna?Zelluna trades under ZLNA ticker.
When did Zelluna go public?Zelluna went public in 2019.
Who are competitors of Zelluna?Zelluna main competitors include
What is the current market cap of Zelluna?Zelluna's current market cap is $67M.
Is Zelluna profitable?No, Zelluna is not profitable.
How many companies Zelluna has acquired to date?Zelluna hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Zelluna has invested to date?Zelluna hasn't invested in any companies yet (or none have been disclosed publicly).

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