Q2 2024 YOY SaaS growth of 64 co’s
Sep 23, 2024
SaaS growth has stabilized. Each quarter we look at the YOY revenue growth of every SaaS company that has IPO’d since October 2017. 64 of them are still public. The data is below and shows a stabilization at ~18% YOY for the past 4 quarters. While YOY growth is down materially from 2022 (YOY growth in Q1 2022 was 36% and as of Q2 2024 it sits at 17%), it seems to be stabilizing.
Of note, out of the 64 companies, only 20 of them (31%) have faster YOY growth in Q2 2024 than they did in Q2 2023.
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