Clouded Judgement

This weekly SaaS market analysis covers earnings announcements from major cloud software companies, tracking valuation multiples, share price movements, and operating metrics across the sector. The article highlights extreme valuation expansion driven by pandemic-driven demand, with median SaaS EV/NTM revenue multiples reaching 14.4x (up from 10.5x in January 2020) and top performers commanding 37.5x average multiples.