Low-Code / No-Code
Low-code and no-code SaaS platforms allow non-technical users to build workflows, apps, and automations without writing code. This category is growing rapidly as enterprises seek to accelerate digital transformation without expanding engineering headcount. Track 2 public low-code/no-code companies here.
What drives multiples in Low-Code / No-Code
Low-code multiples depend heavily on whether the platform has achieved enterprise adoption or remains primarily in SMB workflows. Enterprise-grade platforms command premium multiples justified by high ACV, strong NRR driven by user seat expansion, and consumption-based pricing on automations. SMB-focused vendors face pricing pressure and churn sensitivity to economic cycles.
Top performers in this sector
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Sector vs. all public SaaS
EV / Revenue3.4x vs 3.5x all-SaaS avg
Gross Margin75% vs 75% all-SaaS avg
Rule of 4039% vs 33% all-SaaS avg
Revenue Growth YoY15% vs 15% all-SaaS avg
At or above all-SaaS median
Below all-SaaS median
All-SaaS median
2 Companies
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