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 |
|---|---|---|---|---|---|---|---|
SOUNDHOUND AI, INC.(SOUN) | 2.8B | 15.8x | 44.2M↓ -10.9M | -19.7%↓ -50.7% | 31.1%↓ -16.8% | -51.3%↓ -128.6% | 8/100 |
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 |
Zeta Global Holdings Corp.(ZETA) | 6.2B | 3.5x | 442.8M↑ 46.5M | 11.7%↑ +11.3% | 59.1%↑ +0.1% | 3.8%↑ +8.6% | 40/100 |
Freshworks Inc.(FRSH) | 3.2B | 3.4x | 237.4M↑ 8.7M | 3.8%↑ +1.2% | 84.8%↓ -0.0% | 2.5%↑ +6.1% | 19/100 |
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% | 40/100 |
LiveRamp Holdings, Inc.(RAMP) | 2.5B | 3.0x | 206.1M↓ -6.1M | -2.9%↓ -9.1% | 70.6%↓ -1.3% | 7.4%↓ -11.2% | 37/100 |
HUBSPOT INC(HUBS) | 10.1B | 2.9x | 881.0M↑ 34.2M | 4.0%↓ -0.6% | 83.5%↓ -0.3% | 3.2%↓ -2.5% | 35/100 |
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 |
EGAIN Corp(EGAN) | 204.9M | 2.3x | 22.5M↓ -480.0K | -2.1%↑ +0.2% | 73.4%↑ +0.2% | 8.9%↑ +0.0% | 36/100 |
Sprinklr, Inc.(CXM) | 1.6B | 1.9x | 219.5M↓ -1.1M | -0.5%↓ -1.2% | 65.2%↓ -0.5% | 4.8%↓ -1.6% | 40/100 |
RingCentral, Inc.(RNG) | 4.7B | 1.8x | 657.0M↑ 12.8M | 2.0%↑ +2.0% | 71.9%↓ -0.3% | 7.7%↓ -0.1% | 8/100 |
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 |
Yext, Inc.(YEXT) | 645.0M | 1.5x | 107.9M↓ -4.1M | -3.6%↓ -3.7% | 73.0%↓ -0.5% | 5.2%↓ -0.2% | 50/100 |
ZoomInfo Technologies Inc.(GTM) | 1.1B | 0.9x | 310.2M↓ -8.9M | -2.8%↓ -3.1% | 83.6%↓ -0.4% | 18.7%↑ +1.7% | — |
Sprout Social, Inc.(SPT) | 391.9M | 0.8x | 121.5M↑ 610.0K | 0.5%↓ -4.1% | 77.0%↓ -0.6% | -4.8%↑ +4.1% | 40/100 |
8X8 INC /DE/(EGHT) | 320.2M | 0.4x | 185.1M↑ 955.0K | 0.5%↓ -1.0% | 63.9%↓ -0.9% | 5.2%↑ +2.3% | 17/100 |
LIVEPERSON INC(LPSN) | 26.4M | 0.1x | 57.0M↓ -2.3M | -3.9%↓ -2.5% | 72.7%↓ -0.4% | -3.1%↑ +65.6% | 8/100 |
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.