November 2026
Largest Real Estate Software Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
Bentley Systems, CoStar Group, AppFolio, Porch Group and EverCommerce.
 | Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit. | $45 | +6% | $14B | $15B | 9.7x | 33.9x | ||
| CoStar Group is a global provider of proprietary information, analytics, and online marketplaces serving both commercial and residential real estate. The firm operates through a diverse portfolio of brands, including CoStar Suite for commercial real estate research, LoopNet for commercial listings, Apartments.com for multifamily rentals, and Homes.com for residential brokerage. It primarily sells high-margin software-as-a-service subscriptions that provide institutional clients with forensic property data and premium advertising visibility. With operations across North America, Europe, and Asia-Pacific, CoStar maintains the industry’s most comprehensive centralized real estate database, functioning as a critical information utility for brokers, lenders, and owners worldwide. | $31 | -56% | $12B | $13B | 4.0x | 71.2x | ||
| AppFolio Inc provides cloud-based software solutions for the real estate industry. Its property management software offers property managers an end-to-end solution to their business needs. The group's products include cloud-based property management software (Appfolio Property Manager). Its solutions are AppFolio Property Manager Core, AppFolio Property Manager Plus, and AppFolio Property Manager Max. It also offers value-added services, such as screening, risk mitigation, and electronic payment services. Its markets are Single-Family, Multifamily, Student Housing, Affordable Housing, Community Associations, Commercial, and Investment Management. The business activity of the firm predominantly functions in the United States and it generates revenue in the form of subscription fees. | $231 | +1% | $8.2B | $7.9B | 8.3x | 44.4x | ||
| Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has four reportable segments: Insurance Services, Software & Data, Consumer Services, and Corporate. The majority of revenue is from the Insurance segment. The Insurance Services segment manages and operates the Reciprocal, providing services related, but not limited, to underwriting, policy renewal, risk management, insurance portfolio management, financial management, and setting investment guidelines in exchange for commissions and fees. | $20 | +104% | $2.3B | $2.4B | 4.8x | 30.8x | ||
| EverCommerce is an American software company headquartered in Denver, Colorado, that sells vertical software-as-a-service products to service-based small and medium-sized businesses. It was founded in 2016 by Eric Remer and has grown partly by acquiring software businesses in its target markets. Its offerings combine business management software, integrated payment acceptance, marketing technology and customer engagement applications, organised around home services under the EverPro brand, health services under EverHealth, and fitness and wellness services. Customers pay recurring subscription fees and transaction-based fees on payments processed through its software. Silver Lake invested in the company in July 2019, and EverCommerce listed on the Nasdaq Global Select Market on July 1, 2021 under the ticker EVCM, selling 19.1 million shares at $17 each. It reported revenue of about $589 million and net income of $17.6 million for 2025, and guided to revenue of $612 million to $632 million for 2026. The company had about 1,800 employees in 2026. | $8 | -5% | $1.4B | $1.8B | 3.1x | 14.3x | ||
| The Real Brokerage Inc is a technology-powered real estate brokerage firm located in the United States and Canada. It has developed a proprietary transaction management and brokerage operations software called reZEN, which powers nearly all of its brokerage operations, enabling efficiency, automation, and flexibility by incorporating end-to-end transaction management, automated compliance and brokerage oversight, integrated payments and financial services, Leo CoPilot, and open API for customization. In addition, the company also offers mortgage brokering and title services. The company's operating segments are North American Brokerage, which derives key revenue, One Real Title, One Real Mortgage, and Real Wallet. Geographically, it derives key revenue from the United States. | $13 | +219% | $480M | $901M | 0.5x | (142.5x) | ||
| SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States. | $2 | -8% | $302M | $218M | 1.4x | (3.9x) | ||
| Latch Inc is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, serving the multifamily rental market. Its core offering is built around a proprietary, cloud-based software-as-a-service (SaaS) platform (the DOOR Platform) that powers and manages the suite of smart access control devices (including locks, readers and intercoms) and smart home devices and integrates with other connected devices within a building. The company generates the majority of revenue revenue through the license of its SaaS over the cloud-based platform on a subscription-based arrangement. | $0 | +67% | $31M | $14M | 0.3x | (0.1x) | ||
| Linkhome Holdings Inc is an artificial intelligence-driven property technology company. Through its subsidiaries, it operates an artificial intelligence real estate platform to provide customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation. The Company’s only business and industry segment is the real estate industry, mainly including two revenue streams: revenue from the Company’s purchases and sales through Cash Offer, and real estate services, including real estate agency for buying and selling properties, property management, home renovation, and mortgage referral services. | $1 | -93% | $15M | $10M | 0.5x | 63.2x | ||
| ReAlpha Tech Corp is a real estate technology company. The group is engaged in an end-to-end commission-free homebuying platform. It develops and utilizes its artificial intelligence-focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term. It provides short-term rental investment opportunities to everyday investors. The company has developed technologies and tools that allow for the analysis of short-term rental properties using AI to provide insight into that property’s potential profitability and ways to increase such profitability. The company's reportable segments are; Platform Services and the Rental business segment. | $0 | -97% | $3M | $2M | 0.5x | (0.1x) | ||
| Median | $10 | -2% | $962M | $1.4B | 2.3x | 22.5x |
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