An overview of our sell-side M&A services
Public SaaS valuations rebounded in the third quarter of 2026 as SaaS M&A activity held strong. Across 107 public companies and 2,756 TTM SaaS M&A transactions, the market remains active but selective, with buyers and investors rewarding durable growth, strategic fit, embedded customer workflows, and credible AI strategies.
The SEG SaaS Index™ recovered much of its first-half decline, with the median EV/TTM revenue multiple rising to 4.1x in 3Q26 from 3.3x in 2Q26. M&A activity held steady. Because private market valuations typically lag the public markets, the public rebound is a strong signal that SaaS is emerging from the “SaaSpocalypse,” with improved pricing likely to flow through to M&A in the quarters ahead.
