Sangoma - Public Comps and Valuation Multiples

Sangoma Overview

About Sangoma

Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.

Founded

1995

HQ

Employees

645

Website

sangoma.com

Sectors

Communication & Collaboration Software
Networking Hardware
B2B SaaS
Horizontal SaaS

Financials

LTM Revenue $315M

LTM EBITDA $55.1M

EV

$202M

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Sangoma Financials

As of September 2025, Sangoma reported last 12-month revenue of $315M and EBITDA of $55.1M.

In the same period, Sangoma generated $221M in LTM gross profit and -$7.7M in net income.

See Sangoma valuation multiples based on analyst estimates

Sangoma P&L

In the most recent fiscal year, Sangoma reported revenue of $169M and EBITDA of $30.6M.

Sangoma expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Sangoma valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$315M	XXX	$169M	XXX	XXX	XXX
Gross Profit	$221M	XXX	$115M	XXX	XXX	XXX
Gross Margin	70%	XXX	68%	XXX	XXX	XXX
EBITDA	$55.1M	XXX	$30.6M	XXX	XXX	XXX
EBITDA Margin	17%	XXX	18%	XXX	XXX	XXX
EBIT	-$3.9M	XXX	-$0.9M	XXX	XXX	XXX
EBIT Margin	-1%	XXX	-1%	XXX	XXX	XXX
Net Profit	-$7.7M	XXX	-$3.6M	XXX	XXX	XXX
Net Margin	-2%	XXX	-2%	XXX	XXX	XXX
Net Debt	XXX	XXX	$24.5M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Sangoma including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $315M. EBITDA for the last twelve months was $55.1M. In the most recent fiscal year, Sangoma achieved $169M in revenue and $30.6M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$315M	Analyst estimates available to subscribers	$169M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$221M	Analyst estimates available to subscribers	$115M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	70.1% gross margin	Analyst estimates available to subscribers	68.3% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$55.1M	Analyst estimates available to subscribers	$30.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	17.5% EBITDA margin	Analyst estimates available to subscribers	18.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$3.9M	Analyst estimates available to subscribers	-$0.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-1.2% EBIT margin	Analyst estimates available to subscribers	-0.5% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$7.7M	Analyst estimates available to subscribers	-$3.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-2.4% net profit margin	Analyst estimates available to subscribers	-2.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$24.5M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Sangoma

This financial data table provides comprehensive performance metrics for Sangoma, a company based in Canada. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Sangoma generated $315M in revenue over the last twelve months.
The company achieved $55.1M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $221M.
Net income over the last twelve months reached -$7.7M.

Fiscal Year Performance

In the most recent fiscal year, Sangoma reported $169M in total revenue.
Fiscal year EBITDA was $30.6M.
The company maintained a gross profit margin of 68.3% in the most recent fiscal year.
EBITDA margin for the fiscal year was 18.1%.
Net profit margin reached -2.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Sangoma. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Sangoma Stock Performance

Sangoma has current market cap of CAD 223M (or $159M), and EV of CAD 283M (or $202M).

Market Cap Evolution

Sangoma Stock Data

As of October 17, 2025, Sangoma's stock price is CAD 7 (or $5).

See Sangoma trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$202M	$159M	XXX	XXX	XXX	XXX	$-0.16

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Sangoma Valuation Multiples

Sangoma's trades at 1.2x EV/Revenue multiple, and 6.6x EV/EBITDA.

See valuation multiples for Sangoma and 15K+ public comps

Sangoma Financial Valuation Multiples

As of October 17, 2025, Sangoma has market cap of $159M and EV of $202M.

Equity research analysts estimate Sangoma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Sangoma has a P/E ratio of -28.9x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$159M	XXX	$159M	XXX	XXX	XXX
EV (current)	$202M	XXX	$202M	XXX	XXX	XXX
EV/Revenue	0.9x	XXX	1.2x	XXX	XXX	XXX
EV/EBITDA	5.1x	XXX	6.6x	XXX	XXX	XXX
EV/EBIT	-72.0x	XXX	-242.7x	XXX	XXX	XXX
EV/Gross Profit	1.3x	XXX	n/a	XXX	XXX	XXX
P/E	-28.9x	XXX	-32.7x	XXX	XXX	XXX
EV/FCF	7.0x	XXX	8.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Sangoma Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Sangoma Margins & Growth Rates

Sangoma's last 12 month revenue growth is -7%

Sangoma's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Sangoma's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Sangoma's rule of X is 0% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Sangoma and other 15K+ public comps

Sangoma Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	-7%	XXX	11%	XXX	XXX	XXX
EBITDA Margin	17%	XXX	18%	XXX	XXX	XXX
EBITDA Growth	-2%	XXX	14%	XXX	XXX	XXX
Rule of 40	11%	XXX	11%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	0%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	22%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	18%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	69%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial