Nextthought, LLC
How we got $8.9M
Based on its 35 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
- Headcount down 41% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 26% 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
▼ 37% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 35 | $7.6M |
| 2020 | Form 5500 | 37 | $8.1M |
| 2021 | Form 5500 | 22 | $4.8M |
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 |
|---|---|---|
| NEXTTHOUGHT, LLC this business | $12.5M | — |
| TRAINING PROFESSIONALS INC Norman · 1 employees | $245K | 2.3 mi |
| HOPERTUNITY, LLC Oklahoma City · 6 employees | $954K | 8.6 mi |
| RIO GRANDE DATP LLC Oklahoma City · 2 employees | $855K | 10.6 mi |
| RON MOORE & ASSOCIATES , INC. Norman · 4 employees | $1.1M | 14.0 mi |
| OKLAHOMA SAFETY COUNCIL Oklahoma City · 11 employees | $999K | 16.7 mi |
| L&B EDUCATION INC Oklahoma City · 2 employees | $855K | 17.9 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.2M |
| Estimate: the two combined (geometric mean) | $12.5M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $1.9M |
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 | $8.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $4.7M – $12.2M |
| Revenue range | $8.2M – $14.3M |
| EBITDA range | $1.2M – $2.2M |
| Industry (NAICS) | Professional and Management Development Training (611430) |
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
People & advisors
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $523K | 35 |
| 2/9/2021 | second | $523K | 35 |
About Nextthought, LLC
Nextthought, LLC is a professional and management development training company in Norman, Oklahoma. Its estimated annual revenue is about $12.5M, with roughly $1.9M of EBITDA. It has about 22 employees. Its estimated business value is $8.9M (likely range $4.7M–$12.2M).
Common questions
- Who owns Nextthought, LLC?
- The owner of Nextthought, LLC 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 Nextthought, LLC make?
- SeeBITDA estimates Nextthought, LLC's annual revenue at about $12.5M (likely between $8.2M and $14.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nextthought, LLC worth?
- About $8.9M, roughly 4.7× its estimated EBITDA of $1.9M, typical for a professional and management development training company its size. Likely range: $4.7M–$12.2M.
- How many employees does Nextthought, LLC have?
- About 22, from its 2021 retirement-plan filing.