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

113

Median ARR multiple

4.1x

Highest multiple

64.8x

Median AI risk

15/100

Company	Market Cap	ARR Multiple	Revenue	Growth	Gross Margin	Op. Margin	AI Risk
Figma, Inc.FIG · Productivity	$11.5B	7.8x	$370.1M	+11.0%	83.7%	-31.7%	13/100
Gitlab Inc.GTLB · Productivity	$8.7B	7.6x	$286.3M	+8.4%	84.1%	-19.9%	9/100
Atlassian CorpTEAM · Productivity	$52.7B	7.5x	$1.8B	-1.1%	86.5%	11.9%	23/100
Autodesk, Inc.ADSK · Productivity	$48.2B	5.9x	$2.0B	+5.8%	91.4%	29.3%	13/100
Zoom Communications, Inc.ZM · Productivity	$28.7B	5.6x	$1.3B	+3.1%	77.2%	24.6%	17/100
Amplitude, Inc.AMPL · Productivity	$1.9B	4.8x	$100.9M	+7.9%	68.5%	-34.9%	22/100
UiPath, Inc.PATH · Productivity	$6.9B	4.2x	$410.3M	-1.9%	80.4%	7.7%	19/100
BOX INCBOX · Productivity	$5.2B	4.0x	$321.1M	+5.0%	79.1%	10.2%	8/100
ADOBE INC.ADBE · Productivity	$92.4B	3.4x	$6.8B	+2.1%	88.7%	34.8%	61/100
APPIAN CORPAPPN · Productivity	$2.8B	3.4x	$203.3M	+0.5%	71.2%	-2.7%	19/100
DROPBOX, INC.DBX · Productivity	$7.8B	3.1x	$631.5M	+0.3%	80.2%	26.1%	23/100
PagerDuty, Inc.PD · Productivity	$1.3B	2.6x	$124.4M	+2.9%	83.9%	8.2%	9/100
Asana, Inc.ASAN · Productivity	$2.3B	2.6x	$216.4M	+5.5%	86.0%	-19.1%	49/100
PROGRESS SOFTWARE CORP /MAPRGS · Productivity	$1.6B	1.6x	$246.0M	-2.9%	82.7%	18.9%	13/100
Huckleberry.ai, Inc.DOMO · Productivity	$152.6M	0.5x	$76.8M	-3.3%	77.1%	-3.1%	22/100
Upland Software, Inc.UPLD · Productivity	$9.2M	0.1x	$49.1M	+0.9%	76.3%	-60.4%	29/100

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 use the latest close (13 Oct 2026) against the latest reported quarter's annualized revenue (quarterly revenue × 4); revenue, growth & margins from SEC filings.