Portfolio / Helix Analytics
Software · Austin, TX
Helix Analytics
Vertical SaaS platform for mid-market insurance carriers; underwriting workbench + embedded analytics.
LTM Revenue
$100.6m
LTM EBITDA
$23.2m
Multiple
13.8x
Net debt
$100m
Enterprise value
$320.2m
Quarter-over-quarter trend
Quarterly Financials
Helix Analytics · last 4 quarters
| Q1 2026 | Q2 2026 | Q3 2026 | Q4 Current mark · 2026 | ||
|---|---|---|---|---|---|
| Operating results | |||||
| LTM Revenue$m | 86.9 | 91.7 | 96.3 | 100.6 | |
| LTM EBITDA$m | 19.4 | 20.8 | 22 | 23.2 | |
| EBITDA margin | 22.3% | 22.7% | 22.8% | 23.1% | |
| Valuation build | |||||
| Multiple (EV / LTM EBITDA)x | 14.5x | 15.0x | 14.2x | 13.8x | |
| Enterprise value | $281.3 | $312 | $312.4 | $320.2 | |
| (−) Net debt$m | 110 | 108 | 104 | 100 | |
| Equity value (100%) | $171.3 | $204 | $208.4 | $220.2 | |
| Fund share (62%) | $106.2 | $126.5 | $129.2 | $136.5 | |
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CURRENT QUARTER
Peer Compare
Ownership 62% · Cost $185m
| Helix Analytics Current mark | VRSK Public comp | GWRE Public comp | DUOL Public comp | ||
|---|---|---|---|---|---|
| Operating results | |||||
| LTM Revenue$m | |||||
| LTM EBITDA$m | |||||
| EBITDA margin | 23.1% | 25.1% | 21.6% | 23.6% | |
| Valuation build | |||||
| Multiple (EV / LTM EBITDA)x | |||||
| Enterprise value | $320.2 | $837 | $297.7 | $538.2 | |
| (−) Net debt$m | |||||
| Equity value (100%) | $220.2 | $673.5 | $219.3 | $419.6 | |
| Fund share (62%) | $136.5 | $417.6 | $136 | $260.2 | |
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Valuation method