Happy 2024! We’re back with our 12th edition of Vertical SaaS, Today — our monthly round up of how vSaaS is performing in the public markets.
Key Metrics (As of 1/31/24)
- Total Number of Companies: 19 — No movement
- Total Market Cap: $316.8B —Up from $299.2B. A $17.6B increase from end of December.
- Largest Market Cap: Shopify is still at the top spot with $103B of market cap.
- Lowest Market Cap: 2U had a dramatic reduction of market cap. Currently the market cap is $69.8M (down from $97.7M in December.)
- Average Market Cap: $16.7B up from $15.8B in December, a $0.9B change.
- Average LTM Total Revenue: $1.85B, no movement.
- Highest LTM Total Revenue: $7.93B. Constellation Software still claims the top spot. No movement.
- Average LTM Gross Margin: Gross margin fairly consistent, at 57.2%.
- Highest EV/LTM Revenue Multiple: Top spot goes to Shopify at 14.9x.
- Lowest EV/LTM Revenue Multiple: Belongs to 2U at 1.1x.
- Average EV/LTM Revenue Multiple: Multiple has increased to 7.0x, up from December when it was 6.7x.
- Median EV/LTM Revenue Multiple: Down slightly from Dec ’23 at 6.4x. Was 6.8x in December.
Follow us at @vSaaSToday for more info.
