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CompanyTicker2025 Revenue2024 Revenue2023 Revenue2022 Revenue2025 Growth Rate2024 Growth Rate2023 Growth Rate2025 Op. Loss2024 Op. Loss2023 Op. Loss2025 Op. Margin2024 Op. Margin2023 Op. Margin2025 Rule of 402024 Rule of 402023 Rule of 40
Mongo DBMDB$2,464$2,006$1,683$1,28423%19%31%-$136-$215-$233-6%-11%-14%17%8%17%
DropboxDBX$2,521$2,548$2,501$2,324-1%2%8%$687$486$38327%19%15%26%21%23%
ZuoraZUO---$431$431$396---0%9%----$63-$63----15%-15%----15%-6%
DocusignDOCU$3,220$2,977$2,761$2,5158%8%10%$299$230$639%8%2%17%16%12%
SmartSheetSMAR------$958$766------25%-------$119-------12%------13%
ZscalerZS$2,673$2,167$1,616$1,09023%34%48%-$129-$121-$225-5%-6%-14%19%29%34%
MomentivMNTV------------------------------------------------
PagerDutyPD$493$467$430$3706%9%16%$6-$59-$941%-13%-22%7%-4%-6%
Zoom VideoZM$4,869$4,665$4,527$4,3924%3%3%$1,124$813$52723%17%12%27%20%15%
FastlyFSLY$624$544$505$43215%8%17%-$119-$154-$193-19%-28%-38%-4%-21%-21%
CrowdstrikeCRWD$4,812$3,953$3,055$2,24122%29%36%-$293-$119$0-6%-3%0%16%26%36%
DynaTraceDT$2,018$1,430$1,430$1,15841%0%23%$264$152$15213%11%11%54%11%34%
Health CatalystHCAT$311$307$295$2761%4%7%-$2-$28-$84-1%-9%-28%1%-5%-22%
Ping IdentityPING------------------------------------------------
DataDogDDOG$3,427$2,684$2,128$1,67528%26%27%-$45$54-$32-1%2%-2%26%28%26%
CloudflareNET$2,168$1,670$1,296$97530%29%33%-$208-$155-$185-10%-9%-14%20%20%19%
Sprout SocialSPT$458$406$333$25313%22%32%-$44-$60-$69-10%-15%-21%3%7%11%
Bill.comBILL$1,463$1,290$1,058$64113%22%65%$25-$35-$2452%-3%-23%15%19%42%
ZoominfoZI$1,250$1,214$1,240$1,0983%-2%13%$246$157$33120%13%27%23%11%40%
SnowflakeSNOW$4,684$3,626$2,806$2,06629%29%36%-$1,436-$1,455-$1,095-31%-40%-39%-1%-11%-3%
Unity SoftwareU$1,850$1,813$2,187$1,3912%-17%57%-$480-$755-$833-26%-42%-38%-24%-59%19%
Sumo LogicSUMO---------$300------------------------------------
JfrogFROG$532$428$350$28024%22%25%-$92-$91-$76-17%-21%-22%7%1%3%
PalantirPLTR$4,475$2,866$2,225$1,90656%29%17%$1,413$311$12032%11%5%88%40%22%
AsanaASAN$791$723$653$5479%11%19%-$198-$266-$270-25%-37%-41%-16%-26%-22%
DattoMSP------------------------------------------------
PubMaticPUBM$283$291$267$256-3%9%4%-$17$5$2-6%2%1%-9%11%5%
C3.aiAI$389$310$267$25325%16%6%-$324-$318-$290-83%-103%-109%-58%-86%-103%
CertaraCERT$419$385$354$3369%9%6%$78$52$5219%14%15%27%22%20%
QualtricsXM---------$1,458------------------------------------
ON24ONTF$139$148$164$191-6%-10%-14%-$36-$50-$62-26%-34%-38%-32%-43%-52%
ViantDSP$344$289$223$19719%30%13%$11$5-$183%2%-8%22%31%5%
OloOLO---$285$228$185---25%23%----$17-$68----6%-30%---19%-7%
DigitalOceanDOCN$901$780$693$57616%13%20%$156$93$3317%12%5%33%24%25%
SEMrushSEMR$444$377$308$25418%22%21%-$22$8-$6-5%2%-2%13%25%19%
UiPathPATH$1,611$1,429$1,308$1,05913%9%24%$58-$161-$1654%-11%-13%16%-2%11%
AlkamiALKT$444$334$265$20433%26%30%-$42-$43-$62-9%-13%-23%24%13%6%
DoubleVerifyDV$748$656$573$45214%15%27%$135$128$12718%20%22%32%34%49%
SquareSpaceSQSP------$1,012$867------17%------$84------8%------25%
ZipRecruiterZIP$449$474$646$905-5%-27%-29%-$20$1$79-4%0%12%-10%-26%-16%
ProcorePCOR$1,323$1,152$950$72015%21%32%-$124-$136-$216-9%-12%-23%6%9%9%
SprinklrCXM$857$796$732$6188%9%18%$57$25$347%3%5%14%12%23%
Zeta GlobalZETA$1,305$1,006$729$59130%38%23%$101-$3-$1128%0%-15%37%38%8%
DoximityDOCS$645$475$475$41936%0%13%$215$171$17133%36%36%69%36%49%
ConfluentCFLT$1,167$963$777$58621%24%33%-$381-$418-$445-33%-43%-57%-11%-19%-25%
SentinelOneS$1,001$821$621$42222%32%47%-$309-$329-$371-31%-40%-60%-9%-8%-13%
EverCommerceEVCM$589$698$675$621-16%3%9%$126$129$11221%18%17%6%22%25%
CouchbaseBASE---$209$180$155---16%16%----$79-$80----37%-44%----21%-28%
KalturaKLTR$181$179$175$1691%2%4%-$4-$24-$38-2%-13%-22%-1%-11%-18%
Blend LabsBLND$124$162$157$235-23%3%-33%-$20-$41-$132-16%-25%-84%-40%-22%-117%
MeridianLinkMLNK---$316$304$288---4%6%---$9$19---3%6%---7%12%
Powerschool HoldingsPWSC------$698$631------11%------$24------3%------14%
Fresh WorksFRSH$839$720$596$49816%21%20%$14-$129-$1712%-18%-29%18%3%-9%
Definitive HealthcareDH$242$252$251$223-4%0%13%$15$41$206%16%8%2%17%21%
ForgeRockFORG---------$217------------------------------------
AmplitudeAMPL$343$299$276$23815%8%16%-$96-$107-$95-28%-36%-34%-13%-27%-18%
GitlabGTLB$955$759$580$42426%31%37%-$72-$142-$187-8%-19%-32%18%12%5%
EnfusionENFN---$201$175$150---15%17%---$5$12---2%7%---17%24%
avidxchangeAVDX---$439$381$316---15%21%---$34-$18---8%-5%---23%16%
InformaticaINFA---$1,640$1,595$1,505---3%6%---$262$231---16%14%---19%20%
BackBlazeBLZE$146$128$102$8514%25%20%-$23-$46-$58-16%-36%-57%-1%-11%-37%
ExpensifyEXFY$142$139$151$1692%-8%-11%-$19-$1-$32-13%0%-21%-11%-8%-32%
WeaveWEAV$239$204$170$14217%20%20%-$32-$31-$35-13%-15%-21%4%5%-1%
BrazeBRZE$738$593$471$35524%26%33%-$145-$122-$143-20%-21%-30%5%5%2%
UserTestingUSER------------------------------------------------
HashicorpHCP------$583$476------22%-------$255-------44%-------21%
SamsaraIOT$1,619$1,249$937$65330%33%43%-$53-$183-$251-3%-15%-27%26%19%17%
KlaviyoKVYO$1,234$937$698$47332%34%48%-$68-$84-$330-6%-9%-47%26%25%0%
RubrikRBRK$1,316$886$627$59949%41%5%-$346-$1,133-$305-26%-128%-49%22%-87%-44%
WaystarWAY$1,099$944$791---16%19%---$389$311$32135%33%41%52%52%---
OnestreamOS$602$489$375---23%30%----$95-$319-$31-16%-65%-8%7%-35%---
ServiceTitanTTAN$961$772$614---24%26%----$170-$229-$184-18%-30%-30%7%-4%---
SailpointSAIL$1,071$621$496---72%25%----$309-$158-$266-29%-25%-54%44%0%---
FigmaFIG$1,056$749$504---41%49%----$1,292-$876-$72-122%-117%-14%-81%-68%---
NetskopeNTSK$709$538$406---32%33%----$653-$254-$312-92%-47%-77%-60%-15%---
ALL MEDIAN$857$677$590$47316%18%19%-$32-$44-$66-6%-10%-15%14%9%10%
ALL AVERAGE$1,259$989$853$73218%16%19%-$43-$86-$84-9%-14%-17%78%63%2%
Profitable
MEDIAN$1,000$698$698$63113%9%12%$131$93$8415%11%11%24%21%23%
AVERAGE$1,495$1,191$1,139$1,03214%9%11%$271$151$13815%12%13%29%21%22%
Not Profitable
MEDIAN$738$621$500$42822%22%23%-$96-$122-$138-16%-19%-28%3%-4%-1%
AVERAGE$1,132$876$675$64119%20%23%-$212-$220-$188-21%-29%-32%-2%-9%-8%
Companies57636765