Teardowns

Live listings, run through the model. Two a week. Only publicly listed businesses, never a private deal.

• The $5.1M listing priced at 8.5× profit

  2026-10-19 · The market median for confirmed SaaS transactions is 3.9× profit. This listing asks for more than double that. The page does not show a prof…

• The $120k form builder whose 5% churn comes with no time period

  2026-10-15 · The listing prices this at 2.9× profit, below the 3.9× median for confirmed SaaS transactions. It reports roughly 80,000 form submissions a …

• The $100k teacher-tools SaaS that needs 39 new subscribers a month to hold its revenue

  2026-10-12 · The listing prices this at 2.4× profit, well under the 3.9× median for confirmed SaaS transactions. Our model says the price clears a 30% IR…

• The $110k captioning SaaS that needs 31 new subscribers a month to stand still

  2026-10-08 · The listing prices this at 3.1× profit, below the 3.9× median for confirmed SaaS transactions. It is 100% organic, three years old and has r…

• Monthly profit of $2,372 against MRR of $1,825

  2026-10-05 · The listing prices this at 1.7× profit and 1.4× revenue, well under the 3.9× median for confirmed SaaS transactions. It has 134 subscribers,…

• The profit multiple and the projected profit are the same number

  2026-10-01 · The listing prints a 4.1× profit multiple and a 2.6× revenue multiple, which brackets the 3.9× median for confirmed SaaS transactions. The h…

• Two profit figures on the same page, three times apart

  2026-09-28 · The listing's own multiples put this at 3.1× profit and 2.9× revenue, both below the 3.9× median for confirmed SaaS transactions. The headli…

• The headline MRR and the verified MRR on the same listing are not the same number

  2026-09-24 · The listing's own headline reads "~$15.4K MRR, 400+ subscribers, 78% gross margin." The verified metrics box on the same page, the one Flipp…

• The reassuring number in the title is about chargebacks, not customers

  2026-09-21 · Asking multiple 3.4× trailing profit, using the current monthly profit annualized (Flippa's own displayed multiple is 3.7×, computed against…

• Priced at 3.9× profit and 3.0× revenue, this SaaS listing's two multiples can't both be true

  2026-09-17 · Stripe and Google Analytics are connected, and Flippa's team vetted the listing, so the…

• Priced at 4.6× profit, this SEO app's average subscriber pays less than its cheapest plan

  2026-09-14 · Stripe is connected and Flippa's team verified revenue, primary expenses and traffic, so the…

• Priced at 2.6× profit, this Photoshop-panel subscription business already lost the channel that built its revenue

  2026-09-10 · The asking price is 2.6× trailing profit. The median across confirmed SaaS transactions is…

• The cheapest multiple on the page is priced for a Chrome extension that reads someone else's data

  2026-09-10 · The asking price is 0.9× annual profit. The median across confirmed SaaS transactions is 3.9×, so on…

• The listing asks 6.4× profit and does not say what "11% churn" means

  2026-09-09 · This is a vetted listing. Flippa's team verified revenue, primary expenses and traffic, and…