Clouded Judgement

Weekly SaaS valuation and earnings update tracking EV/NTM revenue multiples for high-growth software companies, with median multiples at 13.6x overall and 34.5x for top 5 performers. The article presents detailed operating metrics benchmarks including gross margin (73% median), FCF margin (4% median), and net retention (116% median) across public SaaS companies. Notable transactions and executive appointments are highlighted alongside analysis of how growth rates correlate with valuation multiples across high-growth (27.8x), mid-growth (15.4x), and low-growth (8.3x) segments.