NordLayer provides flexible cybersecurity tools for businesses of any size or work model, self-described as a solution that creates a highly efficient onboarding experience without impacting workflow.

NordLayer

ZenMate is a Virtual Private Network service that provides internet security and privacy by encrypting user data and hiding IP addresses.

ZenMate

ZeroFox Holdings, Inc. operates as an enterprise cybersecurity software-as-a-service company that addresses the full lifecycle of external cyber threats and risks. The company offers ZeroFox Protect that enables organizations to configure protective capabilities to identify and protect their external assets; ZeroFox Predict, a threat intelligence solution that enable customers to directly search across data lake of global threat indicators, tactics, adversary intelligence, exploits, vulnerabilities, and security tools; ZeroFox Detect that provides customers with real-time asset and vulnerability awareness for their external-facing internet digital footprint; ZeroFox Response that enables organizations to provide the 24x7 level of support necessary to respond to external attacks, incidents, data loss or exfiltration, or potential breaches; and ZeroFox Disrupt to report, block, and take down an attack's core components across the internet. It serves customers in various industry verticals, such as education, energy, entertainment, financial services, government healthcare, media, retail, services, and technology. The company was founded in 2013 and is based in Baltimore, Maryland.

Metric
Company Name	NordLayer	ZenMate	ZeroFox Holdings, Inc.
Symbol			ZFOX
MSH ID	COM:NORDLAYER	COM:ZENMATE	COM:ZEROFOX
Market	PRIVATE	PRIVATE	STOCKS
Sector	Technology	Technology	Technology
Industry	Cybersecurity	Software	Software - Infrastructure
Country	LT	DE	US
Stage		Equity Crowdfunding	Post-IPO Equity
Employee Count			914
Website	nordlayer.com	zenmate.com	zerofox.com
LinkedIn		zenguard-gmbh
Founders

Metric
Market Cap		142.32M
Enterprise Value
Monthly Web Traffic	701.34K	93.97K
Web Traffic Growth	0.07	-0.14
Valuation
Raised Capital	883.24K	170M

Metric
Revenue			233.30M
Revenue (LTM)
Revenue (NTM)
Gross Profit			48.08M
EBITDA			-18.65M
Operating Income			-68.77M
Net Income			-356.31M
EPS			-2.88
Diluted EPS			-2.88
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin			0.29
Operating Profit Margin			-0.60
EBITDA Margin			-0.08
Net Profit Margin			-1.53
Return on Equity			-0.98
Return on Assets			-0.69
Return on Capital Employed			-0.34

COM:NORDLAYER

NordLayer

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio			-0.84
P/B Ratio			0.31
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio			0.61
EV Multiple			1.32

Metric
Days Sales Outstanding			64.10
Days Payables Outstanding			2.08
Days Inventory Outstanding			0.00
Operating Cycle			60.90
Cash Conversion Cycle			54.78
Asset Turnover			0.45

Metric
Operating Cash Flow			-12.04M
Free Cash Flow			-12.86M
Cash Flow to Debt			-0.06
Operating Cash Flow/Sales			-0.05
Free Cash Flow Yield			-0.19

Metric
Cash & Equivalents			33.15M
Accounts Receivable			-6.20M
Inventory
Goodwill			134.10M
Debt to Capitalization			0.58
Debt to Assets			0.29
Current Ratio			0.89
Quick Ratio			0.71

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue			0.03
R&D to Revenue			0.14
SG&A to Revenue			0.17