Thunderbird Entertainment, Inc
How we got $36.7M
Based on 153 employees on its 2025 401(k) filing.
What we know
Estimated value over time
▲ 46% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 130 | $35.7M |
| 2021 | Form 5500 | 124 | $34.1M |
| 2022 | Form 5500 | 127 | $34.9M |
| 2023 | Form 5500 | 58 | $15.9M |
| 2024 | Form 5500 | 154 | $42.3M |
| 2025 | Form 5500 | 153 | $42.0M |
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 |
|---|---|---|
| THUNDERBIRD ENTERTAINMENT, INC this business | $45.6M | — |
| THUNDERBIRD ENTERTAINMENT CENTER, INC Norman · 156 employees | $57.8M | 0.7 mi |
| Thunderbird Casino Norman | $70.3M | 3.8 mi |
| VR WAREHOUSE LLC Norman · 1 employees | $551K | 8.8 mi |
| M3 TECHNOLOGY SOLUTIONS, LLC Norman · 20 employees | $6.7M | 10.4 mi |
| CONCISE GAMING, LLC Norman · 7 employees | $2.5M | 11.0 mi |
| Oklahoma Casinos & Entertainment Norman | $23.4M | 11.0 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $36.7M |
| Multiple for this size and industry | 5.9× |
| Value range | $19.2M – $53.9M |
| Employees in its retirement plan (2025 Form 5500) | 153 |
| Industry revenue per employee | $275K |
| Revenue = employees × revenue per employee | $45.6M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $6.2M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $29.8M – $55.9M |
| EBITDA range | $4.1M – $7.6M |
| Industry (NAICS) | Gambling Industries (713200) |
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. These are statistical estimates, not reported financials. Listing details come from the company's Form 5500 retirement-plan filing. Full methodology
People & advisors
Advisors
- AccountingRose Rock CPAS PLLCAudits its 401(k) plan (2022 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Thunderbird Entertainment, Inc
Thunderbird Entertainment, Inc is a gambling industries company in Norman, Oklahoma. Its estimated annual revenue is about $45.6M, with roughly $6.2M of EBITDA. It has about 153 employees. Its estimated business value is $36.7M (likely range $19.2M–$53.9M).
Common questions
- Who owns Thunderbird Entertainment, Inc?
- The owner of Thunderbird Entertainment, 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 Thunderbird Entertainment, Inc make?
- SeeBITDA estimates Thunderbird Entertainment, Inc's annual revenue at about $45.6M (likely between $29.8M and $55.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thunderbird Entertainment, Inc worth?
- About $36.7M, roughly 5.9× its estimated EBITDA of $6.2M, typical for a gambling industries company its size. Likely range: $19.2M–$53.9M.
- How many employees does Thunderbird Entertainment, Inc have?
- About 153, from its 2025 retirement-plan filing.