Q2 SaaS YOY growth data

How much has SaaS growth slowed? We looked at the YOY data of every SaaS company that has IPO’d since October 2017 (62 companies). The data is below and shows a material slowdown. YOY growth in Q2 2022 was 30% and as of Q1 2023 it sits at 19%. Revenue is still growing, but that’s a material decline in growth. Out of the 62 companies, only 12 of them (19%) have faster YOY growth in Q2 2023 than they did in Q2 2022.

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