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SoundThinking Valuation Multiples
Discover revenue and EBITDA valuation multiples for SoundThinking and similar public comparables like Safe Pro Group, Made Tech, C2C Advanced Systems, New Horizon Aircraft and more.
SoundThinking Overview
About SoundThinking
SoundThinking Inc is a public safety technology company that combines transformative solutions and strategic advisory services for law enforcement and civic leadership. Its flagship SafetySmart platform includes ShotSpotter, the acoustic gunshot detection system, CrimeTracer, the foremost law enforcement search engine, CaseBuilder, a one-stop investigation management system, and ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact.
Founded
2001
HQ

Employees
316
Website
Sectors
Financials (LTM)
EV
$80M
SoundThinking Financials
SoundThinking reported last 12-month revenue of $106M and EBITDA of $14M.
In the same LTM period, SoundThinking generated $58M in gross profit, $14M in EBITDA, and had net loss of ($9M).
Revenue (LTM)
SoundThinking P&L
In the most recent fiscal year, SoundThinking reported revenue of $104M and EBITDA of $13M.
SoundThinking expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $106M | XXX | $104M | XXX | XXX | XXX |
| Gross Profit | $58M | XXX | $57M | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $14M | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | (7%) | XXX | (8%) | XXX | XXX | XXX |
| Net Profit | ($9M) | XXX | ($9M) | XXX | XXX | XXX |
| Net Margin | (8%) | XXX | (9%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SoundThinking Stock Performance
SoundThinking has current market cap of $89M, and enterprise value of $80M.
Market Cap Evolution
SoundThinking's stock price is $6.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $80M | $89M | 0.1% | XXX | XXX | XXX | $-0.73 |
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Start Free TrialSoundThinking Valuation Multiples
SoundThinking trades at 0.8x EV/Revenue multiple, and 5.6x EV/EBITDA.
EV / Revenue (LTM)
SoundThinking Financial Valuation Multiples
As of April 19, 2026, SoundThinking has market cap of $89M and EV of $80M.
Equity research analysts estimate SoundThinking's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SoundThinking has a P/E ratio of (10.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $89M | XXX | $89M | XXX | XXX | XXX |
| EV (current) | $80M | XXX | $80M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 5.6x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | (10.1x) | XXX | (9.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.4x | XXX | 1.4x | XXX | XXX | XXX |
| P/E | (10.2x) | XXX | (9.5x) | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | 16.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SoundThinking Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


SoundThinking Margins & Growth Rates
SoundThinking's revenue in the last 12 month grew by 6%.
SoundThinking's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
SoundThinking's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SoundThinking's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
SoundThinking Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | 43% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | 25% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | 22% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 63% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SoundThinking Public Comps
See public comps and valuation multiples for other Defense Systems and Public Sector & Non-Profit Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| SoundThinking | XXX | XXX | XXX | XXX | XXX | XXX |
| Safe Pro Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Made Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| C2C Advanced Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| New Horizon Aircraft | XXX | XXX | XXX | XXX | XXX | XXX |
| Wrap Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SoundThinking M&A Activity
SoundThinking acquired XXX companies to date.
Last acquisition by SoundThinking was on XXXXXXXX, XXXXX. SoundThinking acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SoundThinking
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSoundThinking Investment Activity
SoundThinking invested in XXX companies to date.
SoundThinking made its latest investment on XXXXXXXX, XXXXX. SoundThinking invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SoundThinking
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout SoundThinking
| When was SoundThinking founded? | SoundThinking was founded in 2001. |
| Where is SoundThinking headquartered? | SoundThinking is headquartered in United States. |
| How many employees does SoundThinking have? | As of today, SoundThinking has over 316 employees. |
| Who is the CEO of SoundThinking? | SoundThinking's CEO is Ralph A. Clark. |
| Is SoundThinking publicly listed? | Yes, SoundThinking is a public company listed on Nasdaq. |
| What is the stock symbol of SoundThinking? | SoundThinking trades under SSTI ticker. |
| When did SoundThinking go public? | SoundThinking went public in 2017. |
| Who are competitors of SoundThinking? | SoundThinking main competitors are Safe Pro Group, Made Tech, C2C Advanced Systems, New Horizon Aircraft. |
| What is the current market cap of SoundThinking? | SoundThinking's current market cap is $89M. |
| What is the current revenue of SoundThinking? | SoundThinking's last 12 months revenue is $106M. |
| What is the current revenue growth of SoundThinking? | SoundThinking revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of SoundThinking? | Current revenue multiple of SoundThinking is 0.8x. |
| Is SoundThinking profitable? | Yes, SoundThinking is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SoundThinking? | SoundThinking's last 12 months EBITDA is $14M. |
| What is SoundThinking's EBITDA margin? | SoundThinking's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of SoundThinking? | Current EBITDA multiple of SoundThinking is 5.6x. |
| What is the current FCF of SoundThinking? | SoundThinking's last 12 months FCF is $7M. |
| What is SoundThinking's FCF margin? | SoundThinking's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of SoundThinking? | Current FCF multiple of SoundThinking is 12.2x. |
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