August 2026
Largest RetailTech Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Shopify, Lightspeed Commerce, A2Z Cust2Mate, IC Group Holdings and Intouch Insight.
 | Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital. | $159 | +12% | $204B | $199B | 17.2x | 104.0x | ||
| Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their businesses. The company sells its platform through a direct sales force in the United States, Canada, United Kingdom, Australia, and other countries. It derives a majority of its revenue from the United States. | $11 | -11% | $1.4B | $1.1B | 0.9x | 133.8x | ||
| A2Z Cust2Mate Solutions Corp is engaged in creating shopping carts. With the help of a user-friendly smart algorithm, touch screen, and other technologies, the company streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply pick & go, and bypass long cashier checkout lines. | $8 | -9% | $361M | $318M | 40.2x | (9.1x) | ||
| IC Group Holdings Inc is a marketing services technology company, powering consumer engagement and promotions for Fortune 500 Brands. It is delivering impactful digital promotions, loyalty, rebate, mobile messaging and speciality insurance solutions in world-wide jurisdictions. The Company delivers digital promotions and consumer engagement programs for customers in over 20 countries. Consumer Engagement solutions help Fortune 500 brand customers digitally engage consumers, capture valuable first-party data to fuel marketing initiatives, and ultimately help convert sales. IC Group does this through various communication channels such as mobile messaging, social media, web, email and other technology solutions. | $0 | -36% | $12M | $16M | 0.8x | (19.1x) | ||
| Intouch Insight Ltd offers a complete portfolio of customer experience management (CEM) products and solutions that help brands delight their customers, strengthen brand reputation and improve financial performance. Some of the company's products and services are Customer Experience Management Software, Mobile Forms Software, and many more. Geographically, the company generates a majority of its revenue from the United States followed by Canada and other regions. | $0 | -- | $5M | $6M | 0.3x | 30.4x | ||
| Median | $8 | -10% | $361M | $318M | 0.9x | 30.4x |
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