Each quarter we look at the YOY revenue growth of every SaaS company that has IPO’d since October 2017. 58 of them are still public. The data is below and shows growth took a big dip in Q1 2025 to 15% YOY.
This comes after a period of relative stability at ~19% YOY growth from Q1 2023 to Q4 2024 (8 quarters). Additionally YOY growth is down materially from 2022 (YOY growth in Q1 2022 was 36%). Finally, only 39% of the companies in the dataset had faster growth in Q1 2025 than they did in Q1 2024, another negative trend.
Overall it’s too soon to call the decline in Q1 a trend, but the last time there was a dip of this magnitude was in Q1 2023 when YOYG was 21%, down from 27% in Q4 2022, and sure enough that turned into the ~19 YOYG trend we site above. We’ll see.
This data is also on our website.
Thank you for the readership. Visit blossomstreetventures.com for more blogs and SaaS data. Email the author at sammy@blossomstreetventures.com or connect on LinkedIn.
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