performance earn‑outs
SaaS Review Exposes Q3 2025 M&A Secrets
Hook Q3 2025 saw SaaS deals command price/EBITDA multiples above 30x, reflecting a shift toward performance-based earn-outs as the primary value driver. In my experience advising mid-market SaaS firms, that multiple represents a premium that only materializes when post-deal revenue growth exceeds the baseline forecast. The market’s appetite