saas review
Saas Review vs Software Q4 2025 M&A Shockwaves
Yes, the pandemic-era premium has largely faded - the median SaaS deal multiple slipped from 12× in Q4 2024 to 9.5× in Q4 2025, signalling a valuation correction. Buyers are now pricing transactions on cash-flow stability rather than hype. Saas Review: Q4 2025 M&A Trends The numbers