Victory Research Inc.
How we got $598K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 16% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| VICTORY RESEARCH INC. this business | $1.2M | — |
| HC3D Edmond · 2 employees | $974K | 3.2 mi |
| CUTTING EDGE RESEARCH GROUP Oklahoma City · 5 employees | $1.9M | 4.7 mi |
| Raymond And Beverly Sackler Foundation, Inc. Oklahoma City | $1.5M | 5.6 mi |
| NEWTON CLINICAL RESEARCH Edmond · 2 employees | $825K | 6.2 mi |
| OKLAHOMA HEART HOSPITAL RESEARCH FOUNDAT Oklahoma City · 8 employees | $2.2M | 7.0 mi |
| OKLAHOMA HEART HOSPITAL RESEARCH FOUNDATION Oklahoma City · 7 employees | $907K | 7.0 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $377K |
| Revenue = employees × revenue per employee | $1.2M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $239K |
| Cross-check: revenue implied by PPP payroll | $195K |
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 | $598K |
| Multiple for this size and industry | 2.5× |
| Value range | $283K – $849K |
| Revenue range | $714K – $1.4M |
| EBITDA range | $142K – $283K |
| Industry (NAICS) | Research and Development in Biotechnology (except Nanobiotechnology) (541714) |
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: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingInternational Bank of CommercePPP / 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 Roles are as stated there and may be out of date.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
| International Bank of Commerce PPP 2020 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $8K | 2 |
About Victory Research Inc.
Victory Research Inc. is a research and development in biotechnology (except nanobiotechnology) company in Edmond, Oklahoma. Its estimated annual revenue is about $1.2M, with roughly $239K of EBITDA. It has about 2 employees. Its estimated business value is $598K (likely range $283K–$849K).
Common questions
- Who owns Victory Research Inc.?
- The owner of Victory Research 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 Victory Research Inc. make?
- SeeBITDA estimates Victory Research Inc.'s annual revenue at about $1.2M (likely between $714K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Victory Research Inc. worth?
- About $598K, roughly 2.5× its estimated EBITDA of $239K, typical for a research and development in biotechnology (except nanobiotechnology) company its size. Likely range: $283K–$849K.
- How many employees does Victory Research Inc. have?
- About 2, as reported on its PPP loan.