Q3 YOY SaaS growth data
Dec 21, 2023
How much has SaaS growth slowed? We looked at the YOY data of every SaaS company that has IPO’d since October 2017 (62 active companies). The data is below and shows a material slowdown. YOY growth in Q3 2022 was 29% and as of Q3 2023 it sits at 18%. Revenue is still growing, but that’s a material decline in growth. Out of the 62 companies, only 11 of them (18%) have faster YOY growth in Q2 2023 than they did in Q2 2022.
Note that median revenue of these companies was $154mm in Q3, which is nearly $600mm annualized.
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