Public SaaS Valuations

Valuation benchmarks for public SaaS companies. Data for Q2 2026.

Company	Market Cap	ARR Multiple ↓	Revenue	Growth	Gross Margin	Op. Margin	AI Risk
SEMrush Holdings, Inc.(SEMR)	1.8B	3.8x	117.7M↑ 5.6M	5.0%↑ +2.1%	80.4%↑ +0.2%	-11.8%↓ -7.8%	46/100
Salesforce, Inc.(CRM)	161.7B	3.6x	11.1B↓ -68.0M	-0.6%↓ -9.8%	76.9%↓ -0.7%	21.1%↑ +4.4%	35/100
Klaviyo, Inc.(KVYO)	4.7B	3.3x	358.0M↑ 7.8M	2.2%↓ -10.4%	75.1%↑ +2.9%	0.5%↑ +1.0%	40/100
Braze, Inc.(BRZE)	2.5B	3.0x	211.0M↑ 5.8M	2.8%↓ -4.7%	65.7%↑ +0.2%	-13.0%↑ +0.7%	44/100
HUBSPOT INC(HUBS)	10.1B	2.9x	881.0M↑ 34.2M	4.0%↓ -0.6%	83.5%↓ -0.3%	3.2%↓ -2.5%	53/100
Freshworks Inc.(FRSH)	2.4B	2.7x	228.6M↑ 5.9M	2.6%↓ -0.9%	84.8%↓ -0.7%	-3.5%↓ -21.4%	25/100
DoubleVerify Holdings, Inc.(DV)	1.7B	2.4x	180.8M↓ -24.8M	-12.0%↓ -21.0%	81.7%↓ -0.9%	8.7%↓ -9.7%	40/100
Five9, Inc.(FIVN)	1.8B	1.5x	305.3M↑ 5.0M	1.7%↓ -3.4%	55.9%↑ +0.4%	6.1%↓ -0.5%	8/100
RingCentral, Inc.(RNG)	3.9B	1.5x	644.2M↑ 166.0K	0.0%↓ -0.8%	72.2%↑ +0.6%	7.8%↑ +1.2%	13/100
Sprout Social, Inc.(SPT)	391.9M	0.8x	121.5M↑ 610.0K	0.5%↓ -4.1%	77.0%↓ -0.6%	-4.8%↑ +4.1%	56/100

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 this case, the results are normalized to a 3-month period.