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Jul 18, 2024

Q2 2024 | Software Benchmark Report: EBITDA multiples almost universally increase while revenue multiples decline

Welcome to the latest edition of the Silverpeak Software Benchmark report – a review of public software company valuation and operating metrics in the US and Europe. We review median values to produce a robust industry reference benchmark.

Key findings

  • US Vertical leads with a strong 16% increase in EV/Revenue multiples, outperforming other categories which experienced declines.
  • The UK is the only regional market experiencing an increase in both EBITDA and revenue multiples.
  • In parallel with rising revenue growth forecasts, EBITDA margins are being squeezed down, despite investors prioritising profitability.

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