Dex Two, Inc
How we got $2.0M
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 20% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 88% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 24 | $7.2M |
| 2020 | Form 5500 | 5 | $1.5M |
| 2021 | Form 5500 | 5 | $1.5M |
| 2022 | Form 5500 | 4 | $1.2M |
| 2023 | Form 5500 | 5 | $1.5M |
| 2024 | Form 5500 | 3 | $900K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DEX TWO, INC this business | $7.6M | — |
| KEYLINE PRODUCTIONS LLC Oklahoma City · 1 employees | $519K | 0.7 mi |
| BIG RED SHOP Warr Acres · 10 employees | $3.9M | 1.9 mi |
| COVENANT BROTHERS INC. Oklahoma City · 2 employees | $1.5M | 3.1 mi |
| MDE Warr Acres · 11 employees | $4.0M | 3.1 mi |
| CALEB Oklahoma City · 5 employees | $1.7M | 3.1 mi |
| BLUE SEVEN LLC Oklahoma City · 5 employees | $1.7M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $7.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $659K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.0M – $2.7M |
| Revenue range | $5.0M – $8.7M |
| EBITDA range | $433K – $751K |
| Industry (NAICS) | Retail Trade (448140) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingArvest BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $63K | 24 |
About Dex Two, Inc
Dex Two, Inc is a retail trade company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $7.6M, with roughly $659K of EBITDA. It has about 3 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Dex Two, Inc?
- The owner of Dex Two, Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Dex Two, Inc make?
- SeeBITDA estimates Dex Two, Inc's annual revenue at about $7.6M (likely between $5.0M and $8.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dex Two, Inc worth?
- About $2.0M, roughly 3× its estimated EBITDA of $659K, typical for a retail trade company its size. Likely range: $1.0M–$2.7M.
- How many employees does Dex Two, Inc have?
- About 3, from its 2024 retirement-plan filing.