Matrixforce
How we got $2.3M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Matrixforce is a Tulsa, OK IT support provider offering managed IT, cloud, disaster recovery and cybersecurity services with a flat-cost model, focused on financial, healthcare, legal and engineering organizations.
From the company's website. Industry: IT & software.
Customers & suppliers
Suppliers & brands
- Microsoft · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNIVERSAL FIELD SERVICES, INC · Tulsa, 3 mi · $153.0M
- WALLACE ENGINEERING - STRUCTURAL CONSULTANTS, INC · Tulsa, 8 mi · $60.7M
- AMERICAN PIPING INSPECTION INC. · Tulsa, 7 mi · $52.8M
- SGA DESIGN GROUP, P.C. · Tulsa, 7 mi · $42.2M
- GOLDEN FIELD SERVICES INC. · Tulsa, 1 mi · $41.9M
- HOGANTAYLOR LLP · Tulsa, 6 mi · $86.5M
- FINLEY AND COOK PLLC · Shawnee, 79 mi · $44.9M
- KYLE'S APPLIANCE REPAIR · Tulsa, 0 mi · $28.7M
- CCK STRATEGIES PLLC · Tulsa, 6 mi · $28.4M
- PACESETTER TEMPORARY SERVICES, LLC · Tulsa, 7 mi · $26.1M
- Gateway First Bank · Jenks, 10 mi · $169.1M
- TTCU Federal Credit Union · Tulsa, 4 mi · $133.1M
- Regent Bank · Tulsa, 4 mi · $131.8M
- Mabrey Bank · Bixby, 11 mi · $114.5M
- Blue Sky Bank · Pawhuska, 47 mi · $88.9M
Estimated value over time
▲ 73% 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
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $1.4M |
| 2020 | Form 5500 | 4 | $950K |
| 2021 | Form 5500 | 5 | $1.2M |
| 2022 | Form 5500 | 5 | $1.2M |
| 2023 | Form 5500 | 4 | $950K |
| 2024 | Form 5500 | 4 | $950K |
| 2025 | Form 5500 | 4 | $950K |
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 |
|---|---|---|
| MATRIXFORCE this business | $3.2M | — |
| AMBITIOUS WEB SERVICES CORP Tulsa · 5 employees | $2.0M | 0.1 mi |
| IT RESOLUTIONS OF OKLAHOMA, LLC Tulsa · 3 employees | $962K | 0.6 mi |
| ELENS INC. Tulsa · 3 employees | $1.1M | 0.7 mi |
| ELECTRONIC STORAGE CORPORATION Tulsa · 14 employees | $6.7M | 0.9 mi |
| ONX, INC. Tulsa · 16 employees | $4.9M | 1.0 mi |
| DB TECH COMPUTER SOLUTIONS LLC Tulsa · 2 employees | $532K | 1.0 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.8M |
| Estimate: the two combined (geometric mean) | $3.2M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $518K |
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 | $2.3M |
| Multiple for this size and industry | 4.5× |
| Value range | $1.2M – $3.2M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $340K – $590K |
| Industry (NAICS) | Other Computer Related Services (541519) |
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: US Economic Census 2022, OK. 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
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $114K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Matrixforce
Matrixforce is an it & software company in Tulsa, Oklahoma, in business since 2005. It is owned by Kevin Fream (CEO). Its estimated annual revenue is about $3.2M, with roughly $518K of EBITDA. It has about 4 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.2M).
Common questions
- Who owns Matrixforce?
- Matrixforce is owned by Kevin Fream (CEO), according to public sources such as the company's website or filings.
- How much revenue does Matrixforce make?
- SeeBITDA estimates Matrixforce's annual revenue at about $3.2M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Matrixforce worth?
- About $2.3M, roughly 4.5× its estimated EBITDA of $518K, typical for a it & software company its size. Likely range: $1.2M–$3.2M.
- How many employees does Matrixforce have?
- About 4, from its 2025 retirement-plan filing.
- When was Matrixforce founded?
- Matrixforce has been in business since 2005.