Q4 2025 | Software Benchmark Report: Valuations continue to cool over concerns around AI disruption
Welcome to the latest edition of Silverpeak’s Software Benchmark report. This report provides analysis of valuation and operating metrics across public software companies in the US and Europe. Key findings: The US saw the steepest valuation declines, reflecting greater exposure to previously stretched software multiples and heightened sensitivity to AI disruption. European valuations (particularly … Continued