Valve Corporation
About Valve Corporation
Company overview
Valve Corporation is a video game developer, publisher, hardware, and digital distribution company founded in 1996 by Gabe Newell and Mike Harrington, with its headquarters located in Bellevue, Washington. Originally established as Valve LLC. in Kirkland, Washington, the company reincorporated as Valve Corporation in 2003 upon its relocation to Bellevue. Valve is recognized for its evolution from a video game developer into a provider of digital distribution services and specialized gaming hardware. The company maintains a unique flat organizational structure that allows its workforce to operate without traditional management hierarchies. Throughout its history, Valve has expanded its capabilities through the strategic acquisition of development teams and technology firms, including the teams behind major titles and specialists in 3D audio software. Business/Product Breakdown Valve Corporation operates an integrated ecosystem centered on Steam, a digital distribution platform that serves as a marketplace for PC games, software, and virtual reality content. The platform provides users with services for purchasing and managing digital libraries, while offering developers a suite of tools known as Steamworks for game configuration and community engagement. Beyond distribution, the company develops and maintains first-party game franchises across several genres, utilizing its proprietary Source and Source 2 engines. Valve has further diversified into the hardware sector, producing devices such as the Steam Deck handheld gaming PC and the Valve Index virtual reality system. Upcoming hardware developments include the expansion of the Steam Hardware family with the introduction of the Steam Machine and Steam Controller, which are designed to integrate personal computer performance with consumer-facing interfaces.
Keywords
Revenue
Profit
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
| Name | Title | Socials | Phone | |
|---|---|---|---|---|
| John Doe | Employee | -- | ||
| Jane Doe | Employee | |||
| John Doe | Employee | |||
| John Doe | Employee |
401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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