Each quarter we look at the YOY revenue growth of every SaaS company that has IPO’d since October 2017. The data is below and shows growth steadying at ~16% YOY.
Historical growth was better. YOYG from Q1 2023 to Q4 2024 (8 quarters) was consistently ~19%, so the step down to ~16% is material. Note that in 2022, YOY growth was in the 30’s.
We are seeing stability. Even though the median growth rate may be down, we’d note that for the past 3 quarters, YOYG has trended at 15% to 16% so we’re seeing real stability.
There is bifurcation happening. 38% of the companies in the dataset had faster growth in Q3 2025 than they did in Q3 2024. The number of companies with accelerating growth appears to be steadying at ~40%, and that trend is improving versus the 2023 period when only ~13% of companies had faster YOYG.
Overall, growth of the entire data set is steadying although the number of companies with improving growth is climbing.
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.
Enjoyed this post?
Share it using the links below.