Switch
A technology infrastructure ecosystem corporation whose core business is the design, construction, and operation of the most advanced data centers.
Launch date
Employees
Market cap
-
Enterprise valuation
CAD15.0b (Public information from Jul 2023)
Share price
$34.25 SWCH
Las Vegas Nevada (HQ)
Financials
Estimates*
| USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 378m | 406m | 462m | 512m | 592m | 674m | 749m |
| % growth | - | 7 % | 14 % | 11 % | 16 % | 14 % | 11 % |
| EBITDA | 195m | 202m | 231m | 268m | 315m | 349m | 391m |
| % EBITDA margin | 52 % | 50 % | 50 % | 52 % | 53 % | 52 % | 52 % |
| Profit | (15.0m) | 4.0m | 8.0m | 15.0m | 5.0m | 40.0m | 55.0m |
| % profit margin | (4 %) | 1 % | 2 % | 3 % | 1 % | 6 % | 7 % |
| EV / revenue | 2.6x | 2.2x | 4.7x | 5.7x | 7.0x | 7.8x | - |
| EV / EBITDA | 5.0x | 4.4x | 9.3x | 10.9x | 13.1x | 15.0x | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $531m Valuation: $4.2b | IPO | |
| N/A | $500m | Post IPO Debt | |
* | $11.0b Valuation: $11.0b 18.6x EV/LTM Revenues 34.9x EV/LTM EBITDA | Acquisition | |
* | $500m Valuation: $11.0b | Growth Equity non VC | |
* | N/A | $1.7b | Debt |
* | N/A | Debt | |
| Total Funding | - | ||
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