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
Figma, Inc.Figma, Inc.FIG · Productivity$16.2B11.0x$370.1M+11.0%83.7%-31.7%35/100
Autodesk, Inc.Autodesk, Inc.ADSK · Productivity$57.1B7.4x$1.9B-1.2%91.0%28.0%13/100
Gitlab Inc.Gitlab Inc.GTLB · Productivity$7.6B7.2x$264.2M+1.4%85.8%-6.0%16/100
Atlassian CorpAtlassian CorpTEAM · Productivity$47.0B6.7x$1.8B-1.1%86.5%11.9%19/100
Zoom Communications, Inc.Zoom Communications, Inc.ZM · Productivity$29.4B5.9x$1.2B-0.6%77.9%25.1%13/100
UiPath, Inc.UiPath, Inc.PATH · Productivity$9.5B5.7x$418.4M-13.0%81.6%6.7%19/100
Amplitude, Inc.Amplitude, Inc.AMPL · Productivity$1.8B4.4x$100.9M+7.9%68.5%-34.9%28/100
ADOBE INC.ADOBE INC.ADBE · Productivity$115.4B4.4x$6.6B+3.4%89.2%33.8%53/100
BOX INCBOX INCBOX · Productivity$4.8B3.7x$321.1M+5.0%79.1%10.2%8/100
APPIAN CORPAPPIAN CORPAPPN · Productivity$3.0B3.7x$203.3M+0.5%71.2%-2.7%26/100
DROPBOX, INC.DROPBOX, INC.DBX · Productivity$7.9B3.1x$631.5M+0.3%80.2%26.1%23/100
Asana, Inc.Asana, Inc.ASAN · Productivity$2.3B2.9x$205.1M-0.2%87.6%-7.4%31/100
PagerDuty, Inc.PagerDuty, Inc.PD · Productivity$974.1M2.0x$121.0M-3.1%84.3%7.6%19/100
PROGRESS SOFTWARE CORP /MAPROGRESS SOFTWARE CORP /MAPRGS · Productivity$1.9B1.8x$253.5M+2.3%82.3%17.8%13/100
DOMO, INC.DOMO, INC.DOMO · Productivity$176.5M0.6x$79.4M-0.3%73.7%-13.8%22/100
Upland Software, Inc.Upland Software, Inc.UPLD · Productivity$13.7M0.1x$49.1M+0.9%76.3%-60.4%35/100

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.