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 |
|---|---|---|---|---|---|---|---|
Samsara Inc.(IOT) | 21.7B | 11.3x | 478.8M↑ 34.5M | 7.8%↑ +1.0% | 75.4%↓ -0.7% | 1.5%↓ -0.5% | 19/100 |
 SHOPIFY INC.(SHOP) | 133.6B | 10.5x | 3.2B↓ -502.0M | -13.7%↓ -42.8% | 48.8%↑ +2.7% | 12.1%↓ -5.1% | 35/100 |
VEEVA SYSTEMS INC(VEEV) | 28.7B | 8.1x | 882.9M↑ 47.0M | 5.6%↑ +2.6% | 75.0%↑ +0.5% | 30.9%↑ +1.5% | 11/100 |
Guidewire Software, Inc.(GWRE) | 11.6B | 7.8x | 372.5M↑ 13.4M | 3.7%↓ -4.2% | 63.5%↓ -0.9% | 8.2%↓ -2.5% | 9/100 |
MANHATTAN ASSOCIATES INC(MANH) | 8.3B | 7.3x | 282.2M↑ 11.8M | 4.4%↑ +6.3% | 55.1%↑ +0.2% | 23.0%↓ -1.8% | 19/100 |
BENTLEY SYSTEMS INC(BSY) | 10.5B | 6.2x | 424.2M↑ 32.6M | 8.3%↑ +4.0% | 82.6%↑ +0.7% | 29.8%↑ +9.7% | 82/100 |
TYLER TECHNOLOGIES INC(TYL) | 13.5B | 5.5x | 613.5M↑ 38.3M | 6.7%↑ +10.1% | 48.3%↑ +2.8% | 16.3%↑ +3.2% | 19/100 |
APPFOLIO INC(APPF) | 5.7B | 5.5x | 262.2M↑ 14.0M | 5.7%↑ +6.1% | 0.0%↑ +0.0% | 19.4%↑ +1.8% | 20/100 |
PROCORE TECHNOLOGIES, INC.(PCOR) | 7.6B | 5.3x | 359.3M↑ 10.2M | 2.9%↓ -0.1% | 80.1%↓ -0.0% | -4.4%↑ +7.9% | 23/100 |
Q2 Holdings, Inc.(QTWO) | 3.2B | 3.7x | 216.5M↑ 8.3M | 4.0%↑ +0.8% | 59.1%↑ +3.7% | 12.8%↑ +4.7% | 9/100 |
Intapp, Inc.(INTA) | 1.9B | 3.2x | 146.0M↑ 5.8M | 4.2%↑ +3.3% | 75.7%↑ +0.7% | -9.8%↓ -4.6% | 11/100 |
nCino, Inc.(NCNO) | 1.6B | 2.6x | 159.4M↑ 9.7M | 6.5%↑ +8.2% | 63.3%↑ +1.9% | 13.3%↑ +11.4% | 9/100 |
Alarm.com Holdings, Inc.(ALRM) | 2.5B | 2.3x | 265.2M↑ 3.5M | 1.4%↓ -0.7% | 65.9%↓ -0.1% | 11.9%↓ -1.4% | 23/100 |
Toast, Inc.(TOST) | 14.6B | 2.2x | 1.6B↓ -3.0M | -0.2%↓ -0.2% | 27.4%↑ +1.5% | 6.8%↑ +1.5% | 19/100 |
Certara, Inc.(CERT) | 809.3M | 1.9x | 106.9M↑ 3.3M | 3.1%↑ +4.1% | 0.0%↑ +0.0% | -4.0%↓ -4.8% | 11/100 |
BLACKBAUD INC(BLKB) | 1.6B | 1.4x | 281.1M↓ -14.1M | -4.8%↓ -9.8% | 59.2%↑ +0.9% | 18.3%↓ -1.7% | 16/100 |
Jamf Holding Corp.(JAMF) | — | — | — | — | — | — | 9/100 |
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.