AI document review SaaS at 2.2x profit with ~70% margins, but revenue is down 32%, making the recent trend the main thing to understand at this $300K asking price.

The numbers: $199.2K TTM revenue / $139.3K TTM profit, a 69.9% profit margin, putting the ask at roughly 1.5x revenue and 2.2x profit. ARR is currently about $136K to $137K, while last month’s $11K revenue annualizes to roughly $132K. Both are meaningfully below the TTM revenue run rate.

How it works: This is a freemium B2B SaaS for reviewing contracts, PDFs, spreadsheets, and other documents using AI-generated answers, reports, structured data, and citations. Revenue has primarily come from subscriptions, with the seller also introducing credit bundles.

The seller situation: The founder runs the business solo and cites family and partner needs, along with business challenges, as reasons for selling. That makes the handover especially important. A buyer will want to understand how much of product development, support, infrastructure, and customer acquisition still depends directly on the founder.

Worth asking: What specifically caused the 32% revenue decline, and what do monthly revenue, paying customers, and churn look like over the last six months?