Q1 SaaS growth shows stabilization

SaaS growth is stabilizing. Each quarter we look at the YOY revenue growth of every SaaS company that has IPO’d since October 2017. 62 of them are still public. The data is below and shows a stabilization at ~20% YOY for the past 4 quarters. While YOY growth is down materially from 2022 (YOY growth in Q1 2022 was 36% and as of Q1 2024 it sits at 19%), it’s no longer declining which is great news for SaaS companies and investors.

Of note, out of the 62 companies, only 20 of them (32%) have faster YOY growth in Q1 2024 than they did in Q1 2023. The median revenue of these companies was $167mm in Q4, which is $669mm annualized.

That was quick! But thanks for reading. Visit blossomstreetventures.com for more metrics and blogs. Email the author at sammy@blossomstreetventures.com