Companies/Models/PRIV-MIST

PRIV-MIST

Mistral AI

PrivateWatchlist Only

Foundation models·France·Paris

Business overview

Direct AI revenue

European frontier-adjacent lab with open-weights heritage and growing enterprise GTM.

Sovereign-European AI champion; commercial scale modest but politically supported.

Products

Mistral Large
Codestral
Mixtral

Customers (2)

European enterprises
Sovereign buyers

Competitors (2)

Composite score

Higher = stronger overall research case

Fundamental52

Technical50

Valuation60

AI relevance65

Risk-adjusted (higher = safer)41

Segment-relative fundamental percentile: 57

Financial summary

Curated, illustrative

Revenue

$300.00M

Growth (YoY)

200.0%

Gross margin

50.0%

Operating margin

-120.0%

FCF

$-450.00M

Capex

$450.00M

Net cash / (debt)

$0.00

ROIC

-30.0%

Customer conc.

Medium

Valuation

Market cap

$6.00B

Enterprise value

$6.00B

P/E (TTM)

—

Forward P/E

—

EV / Sales

—

EV / EBITDA

—

P / FCF

—

PEG

—

Rule of 40

—

Risks

Severity 1 (low) to 5 (severe)

4
Capital intensity

Score components

What drove the composite

Growth100

Profitability20

Cash generation20

Balance sheet78

Moat / AI relevance75

Capital intensity (higher = lighter)20

Customer diversification60

Valuation discipline (dilution)42

Trend (MA50/MA200)50

Momentum (3/6/12m)50

Relative strength50

Realized vol (higher = lower vol)50

Segment peers

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