Q2 2023
July 6, 2023
Share prices for recently public fintech companies have been rebounding faster than the wider market. Still, investors are prioritizing profitability, as traditional IPOs have outperformed SPACs. Neobanks, insurtech, proptech, and high-growth payments companies are all working to turn a profit, whereas well-funded incumbents are pursuing M&A. A reset almost always favors the strong.
Our Q2 2023 Fintech & Payments Public Comp Sheet and Valuation Guide tracks stock performance, valuations, and market caps—as well as forecasts for revenue, EBITDA, and earnings per share—for key publicly traded companies. This quarter's guide also includes data from PitchBook’s VC Exit Predictor, a tool that forecasts which private companies are most likely to go public or be acquired.
Key takeaways | 1 |
Stock returns | 4 |
Valuations | 5 |
Revenue | 6 |
Gross income | 8 |
EBITDA | 10 |
Free cash flow | 12 |
Earnings per share | 14 |
Market cap | 16 |
Private company valuations | 17 |
PitchBook VC Exit Predictor | 18 |
M&A | 20 |
Traditional financials comparables | 22 |