Hi all! First-time poster here.I wanted to introduce The EBITDA Report to the community — a free newsletter I publish that focuses on the SBA-scale SMB M&A market ($1M–$5M EBITDA). Every Tuesday I scan every SBA-range SMB listing on the market, normalize EBITDA and SDE using a consistent add-back framework, and rank the deals by asking multiple versus category median. On Sundays I do a deeper dive on one interesting deal. I also built a free tool called the EBITDA Normalizer (redacted that lets anyone normalize a business’s numbers in about 60 seconds and see realistic valuation ranges by category. Why I started The EBITDA Report While looking at SMB deals (especially on platforms like BizBuySell), I kept running into the same problem: broker listings often show inflated add-backs and optimistic multiples that don’t reflect how the actual market is pricing similar businesses. Most calculators just apply a flat 2.5x or 3x multiple. In reality, a well-run route-based service business can trade closer to 4x, while an independent restaurant rarely clears 2x. Without normalized data and category context, it’s very easy to overpay or waste time on unrealistic opportunities. I started The EBITDA Report because I wanted the kind of transparent, data-driven analysis I wished I had when evaluating deals myself. Every week I pull all the SBA-range listings, apply the same normalization framework, and share what the real market multiples actually look like — broken down by category. The goal is simple: give serious buyers and searchers clearer visibility into pricing and help them quickly spot when a listing looks aggressive on add-backs. What you get -Every Tuesday: Full market report with all valid SBA-range deals ranked by asking multiple vs. category median + key observations -Every Sunday: A deeper look at one specific deal or category worth closer attention -Free EBITDA Normalizer tool: Instantly normalize any SMB’s financials and see category-specific valuation ranges (same framework I use in the newsletter) If you’re a search funder, acquisition entrepreneur, or lender looking at the lower middle market, this should save you time and help you focus on the opportunities that actually make sense. I’d love to hear what kind of deal data or analysis would be most useful to you all. Questions about multiples, add-backs, specific categories, or anything else — feel free to reply or reach out directly. Subscribe for free: redacted Try the tool: redacted for reading — looking forward to contributing more to the community.