Public Comps and Valuation Multiples for E-commerce Software

Benchmark revenue and EBITDA valuation multiples for public comps like
Shopify, GoDaddy, Wix.com, Xinhua Winshare and GigaCloud Technology.

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Viewing 25 of 42 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Shopify	$160B	$155B	$13B	11.7x	65.5x
GoDaddy	$12B	$15B	$5.1B	3.0x	9.0x
Wix.com	$2.2B	$1.7B	$2.1B	0.8x	5.0x
Xinhua Winshare	$2B	$718M	$1.7B	0.4x	3.0x
GigaCloud Technology	$1.4B	$1.5B	$1.4B	1.1x	8.6x
Lightspeed Commerce	$1.3B	$911M	$1.2B	0.7x	11.8x
Rezolve AI	$921M	$967M	$217M	4.5x	(21.4x)
Hangzhou Raycloud Tech	$849M	$844M	$93M	9.1x	-
Infomart	$803M	$694M	$127M	5.4x	19.6x
ODDITY Tech	$754M	$1.1B	$710M	1.5x	13.3x
Vtex	$716M	$525M	$256M	2.1x	14.2x
Riskified	$700M	$447M	$364M	1.2x	15.2x
Auction Technology Group	$700M	$859M	$237M	3.6x	10.2x
THG	$680M	$1.2B	$2.4B	0.5x	9.8x
Locaweb	$423M	$381M	$302M	1.3x	5.4x
Softcreate Holdings	$317M	$224M	$218M	1.0x	-
Youzan Technology	$311M	$212M	-	-	-
Shoper	$308M	$309M	$62M	5.0x	13.4x
Coveo Solutions	$284M	$196M	$153M	1.3x	348.4x
Cafe24	$264M	$148M	$221M	0.7x	3.5x
Commerce.com	$251M	$261M	$349M	0.7x	6.4x
A2Z Cust2Mate	$245M	$190M	$18M	10.4x	(11.2x)
BASE	$222M	$78M	$135M	0.6x	6.9x
91APP	$195M	$115M	-	-	-
Platform Group	$135M	$272M	-	-	-
Netbay	$94M		$21M
AudioEye	$83M		$42M
Intershop Communications	$38M		$37M
Litium	$26M		$10M
The Platform Group	$20M		$1B
Emova Group	$19M		-
CStore	$17M		-
NextPlat	$16M		$51M
Bridgeline Digital	$15M		$15M
QPR Software	$12M		$7M
$Infracommerce logo$ Infracommerce	$11M		-
Bridge Solutions Hub	$9M		-
Planet B2B	$4M		-
Quarticon	$292K		-
Star8	$53K		-
Rainmaker Systems	$42K		-
Zeals Co	-		-