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Cloud Storage

Cloud storage and file management SaaS companies provide scalable, API-accessible storage infrastructure for enterprises and developers. Buyers range from IT teams managing compliance requirements to end-users seeking cross-device access. Track 2 public cloud storage companies by EV/Revenue and Rule of 40.

Med EV/Rev3.8x
Total Mkt Cap$13.9B 8.5% vs prior qtr
Avg Rule of 4040Avg Gross Margin80%

What drives multiples in Cloud Storage

Cloud storage multiples reflect competitive intensity from hyperscaler native storage offerings, which creates pricing pressure on pure-play vendors. Companies that command premium multiples have differentiated through compliance-grade features, content collaboration workflows, or API-first developer ecosystems that make storage a platform rather than a commodity.

Sector vs. all public SaaS

EV / Revenue3.8x vs 5.1x all-SaaS avg
Gross Margin80% vs 74% all-SaaS avg
Rule of 4040% vs 33% all-SaaS avg
Revenue Growth YoY6% vs 17% all-SaaS avg
At or above all-SaaS median
Below all-SaaS median
All-SaaS median

2 Companies

Sector Insights

Valuation discount

Median EV/Revenue of 3.8x is more than 20% below the all-SaaS median of 5.1x. The market may be pricing in lower growth expectations, margin headwinds, or increased competitive pressure in this category.

Related Benchmarks

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