Benchmarks

Public SaaS Valuations

Valuation benchmarks for public SaaS companies. Compare ARR multiples, growth, margins and AI risk across the market.

MULTIPLE PERIODS
Companies tracked
120
Median ARR multiple
4.2x
Highest multiple
57.7x
Median AI risk
18/100
Company Market Cap ARR Multiple Revenue Growth Gross Margin Op. Margin AI Risk
SOUNDHOUND AI, INC.SOUNDHOUND AI, INC.SOUN · Front Office$3.1B12.7x$61.9M+40.0%45.1%-70.0%29/100
Salesforce, Inc.Salesforce, Inc.CRM · Front Office$206.4B4.6x$11.1B-0.6%76.9%21.1%35/100
Braze, Inc.Braze, Inc.BRZE · Front Office$3.8B4.5x$211.0M+2.8%65.7%-13.0%44/100
Zeta Global Holdings Corp.Zeta Global Holdings Corp.ZETA · Front Office$7.6B4.3x$442.8M+11.7%59.1%3.8%40/100
Klaviyo, Inc.Klaviyo, Inc.KVYO · Front Office$5.7B3.8x$370.6M+3.5%72.6%-4.0%40/100
Freshworks Inc.Freshworks Inc.FRSH · Front Office$3.6B3.8x$237.4M+3.8%84.8%2.5%23/100
HUBSPOT INCHUBSPOT INCHUBS · Front Office$12.7B3.5x$911.7M+3.5%82.3%4.8%53/100
LiveRamp Holdings, Inc.LiveRamp Holdings, Inc.RAMP · Front Office$2.3B2.7x$214.0M+3.8%70.5%9.4%37/100
DoubleVerify Holdings, Inc.DoubleVerify Holdings, Inc.DV · Front Office$2.1B2.7x$193.8M+7.2%83.2%11.9%37/100
EGAIN CorpEGAIN CorpEGAN · Front Office$205.3M2.3x$22.5M-2.1%73.4%8.9%25/100
RingCentral, Inc.RingCentral, Inc.RNG · Front Office$5.7B2.2x$657.0M+2.0%71.9%7.7%26/100
Sprinklr, Inc.Sprinklr, Inc.CXM · Front Office$1.9B2.1x$219.5M-0.5%65.2%4.8%34/100
Five9, Inc.Five9, Inc.FIVN · Front Office$2.6B2.1x$312.4M+2.3%53.4%0.6%8/100
Yext, Inc.Yext, Inc.YEXT · Front Office$676.9M1.6x$107.9M-3.6%73.0%5.2%40/100
Sprout Social, Inc.Sprout Social, Inc.SPT · Front Office$668.8M1.4x$123.8M+1.9%77.6%-2.2%52/100
ZoomInfo Technologies Inc.ZoomInfo Technologies Inc.GTM · Front Office$1.2B1.0x$310.4M+0.1%82.7%-200.4%—
8X8 INC /DE/8X8 INC /DE/EGHT · Front Office$289.4M0.4x$190.2M+2.7%61.2%2.3%13/100
LIVEPERSON INCLIVEPERSON INCLPSN · Front Office$34.4M0.2x$52.5M-7.8%69.9%-129.0%8/100
SEMrush Holdings, Inc.SEMrush Holdings, Inc.SEMR · Front Office——————52/100

SEC filings often mix pure quarterly figures (3 months) with year-to-date (YTD) figures (6 months in Q2, 9 months in Q3) in their 10-Q reports. In these cases, results are normalized to a 3-month period. Market cap & ARR multiple from market data; revenue, growth & margins from SEC filings.