Latest Ratios: P/E Ratio -7.3x · EV/EBITDA N/A · ROE -97.1%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $741M | $689M | $27M | — | — | — |
| Enterprise Value | $787M | $735M | $53M | — | — | — |
| P/E Ratio → | -7.29 | — | — | — | — | — |
| P/S Ratio | 15.83 | 14.72 | 144.98 | — | — | — |
| P/B Ratio | 3.01 | 2.79 | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.70 | 279.58 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 66.0% | 66.0% | 81.9% | 76.0% | -547.1% | 55.4% |
| Operating Margin | -185.6% | -185.6% | -73510.0% | -17928.9% | -92955.0% | -954.4% |
| Net Profit Margin | -216.7% | -216.7% | -91937.2% | -21189.8% | -96139.3% | -966.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -97.1% | -97.1% | — | — | — | — |
| ROA | -32.1% | -32.1% | -1546.7% | -1468.7% | -921.7% | -168.6% |
| ROIC | -46.5% | -46.5% | — | — | — | — |
| ROCE | -55.7% | -55.7% | — | — | — | -1080.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.19 | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -32.97 | -32.97 | -15.35 | -5.43 | -27.49 | -123.56 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.67 | 0.67 | 0.23 | 0.01 | 0.14 | 0.31 |
| Quick Ratio | 0.67 | 0.67 | 0.23 | 0.01 | 0.14 | 0.29 |
| Cash Ratio | 0.42 | 0.42 | 0.16 | 0.00 | 0.01 | 0.14 |
| Asset Turnover | — | 0.08 | 0.01 | 0.06 | 0.07 | 0.17 |
| Inventory Turnover | — | — | — | — | — | 4.90 |
| Days Sales Outstanding | — | 349.61 | 1447.38 | 456.06 | 28.07 | 206.66 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.4% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.4% | — | — | — |
| Shares Outstanding | — | $268M | $7M | $13M | $21M | $22M |
Unsustainable Operating Burn Rate
Based on recent market data, RZLV trades at a price-to-sales multiple of 13.77, a valuation that appears to heavily discount future revenue expansion while ignoring the company's current lack of profitability and the significant risks associated with its unproven path to positive earnings per share.
The current P/S multiple suggests that investors are pricing the company as a high-growth disruptor rather than a mature software entity. This valuation warrants caution, as it implies an aggressive growth trajectory that may be difficult to sustain without significant improvements in unit economics or a pivot toward operational efficiency.
According to historical financial data, RZLV's ROIC of -26.8% in 2025Q4 indicates that the company is currently destroying shareholder capital rather than compounding it, reflecting the high cost of scaling its AI infrastructure relative to the revenue generated from its current enterprise deployments.
The persistent negative return on invested capital suggests that the company's investments in its BrainPowa engine have yet to reach the critical mass required for value creation. Investors should monitor whether future capital allocation shifts toward higher-margin transaction volumes or if the current trend of capital erosion continues to persist.
As reported in recent filings, the company's asset turnover ratio of 0.12 in 2025Q4 highlights a significant underutilization of the asset base, suggesting that the current infrastructure is not yet generating sufficient revenue to justify the capital intensity required to maintain its proprietary AI platform.
The low asset turnover, combined with the high DPO of 171 days, suggests that the company may be managing its cash position by delaying payments to suppliers. This strategy may provide temporary liquidity relief but could potentially strain vendor relationships if the company's cash burn remains at current elevated levels.
Based on the 2025Q4 balance sheet, RZLV's current ratio of 0.67 indicates that short-term liabilities exceed current assets, a position that leaves the company vulnerable to liquidity shocks should its access to external capital markets become restricted or if operational cash burn accelerates further.
While the $111M cash position provides a temporary runway, the inability to cover short-term obligations with current assets suggests a structural reliance on continuous financing. This liquidity profile warrants close monitoring, as it leaves little room for error in the company's aggressive market expansion strategy.
The P/S ratio is the most commonly misapplied metric for RZLV, as it fails to account for the company's high cost of revenue acquisition and the significant disparity between gross merchandise value and actual recognized revenue, which is the true driver of long-term sustainability.
Analysts should instead focus on the 'take-rate' and 'trigger conversion rate' to assess the underlying health of the business model. Relying on P/S multiples may lead to an overestimation of the company's value by ignoring the high variable costs associated with cloud-based AI processing and payment integration.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RZLV stock.
Rezolve AI PLC's current P/E ratio is -7.3x. This places it at the 50th percentile of its historical range.
Rezolve AI PLC's return on equity (ROE) is -97.1%. The historical average is -97.1%.
Based on historical data, Rezolve AI PLC is trading at a P/E of -7.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rezolve AI PLC has 66.0% gross margin and -185.6% operating margin.