| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| AI | RAMP | NOW | VERI | ADBE | | PLTR | |
| NYSE:AI | NYSE:RAMP | NYSE:NOW | NasdaqGM:VERI | NasdaqGS:ADBE | | NasdaqGS:PLTR | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 27.7% | 18.2% | 26.0% | 13.3% | 14.0% | | 31.0% | |
| 3Y CAGR | 19.2% | 14.2% | 23.0% | -7.0% | 10.9% | | 22.9% | |
| Latest Twelve Months | 23.8% | 14.5% | 22.4% | -27.4% | 10.5% | | 28.8% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -77.1% | -14.8% | 6.3% | -65.9% | 34.9% | | -29.8% | |
| Prior Fiscal Year | -108.9% | -13.7% | 8.9% | -60.6% | 34.3% | | 5.4% | |
| Latest Fiscal Year | -102.5% | 3.8% | 12.7% | -93.8% | 36.4% | | 10.8% | |
| Latest Twelve Months | -86.6% | 1.1% | 12.7% | -93.8% | 36.6% | | 10.8% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 5.65x | 1.88x | 14.24x | 2.22x | 7.38x | | 67.37x | |
| EV / LTM EBIT | -6.5x | 176.2x | 112.0x | -2.4x | 20.1x | | 621.9x | |
| Price / LTM Sales | 7.62x | 2.36x | 14.93x | 1.12x | 7.42x | | 69.08x | |
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| Low | Mid | High | | | | | |
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| Benchmark EV / LTM Revenue | 1.88x | 5.65x | 14.24x | | | | | |
| Historical EV / LTM Revenue | 6.08x | 23.92x | 67.37x | | | | | |
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| Selected EV / LTM Revenue | 34.45x | 36.27x | 38.08x | | | | | |
| (x) LTM Revenue | 2,866 | 2,866 | 2,866 | | | | | |
| (=) Implied Enterprise Value | 98,727 | 103,923 | 109,119 | | | | | |
| (-) Non-shareholder Claims * | 4,965 | 4,965 | 4,965 | | | | | |
| (=) Equity Value | 103,691 | 108,887 | 114,084 | | | | | |
| (/) Shares Outstanding | 2,345.4 | 2,345.4 | 2,345.4 | | | | | |
| Implied Value Range | 44.21 | 46.43 | 48.64 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 44.21 | 46.43 | 48.64 | | 84.40 | | | |
| Upside / (Downside) | -47.6% | -45.0% | -42.4% | | | | | |