SaaStr · 2022-10-13 · 1329d

The Freemium Model Requires 50M Active Users to Reach $100M+ ARR

Freemium business models are experiencing a resurgence with companies like Atlassian and New Relic seeing significant sign-up increases, but the math reveals a critical requirement: achieving $100M+ ARR typically demands 50 million active users due to low conversion rates (1-2%). Most successful freemium companies blend their model with enterprise sales teams rather than relying on freemium alone.

22 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Active Users Required for $100M ARR

50,000,000users

minimum

At $10/month ACV with 2% conversion

Adobe Sign Freemium Revenue Peak

40%%

maximum contribution

Before scaling to enterprise

Atlassian Sign-up Increase

3xmultiplier

after adding freemium

Recent freemium product launch

Box Annual Revenue

1,000,000,000$

achieved at

Freemium-originated enterprise SaaS

Box Freemium Revenue Contribution

9%%

of total

At $1B in revenue, after 15 years

Calendly Annual Recurring Revenue

60,000,000$

achieved at

Primarily freemium-based business

Calendly Valuation

3,000,000,000$

reached at

Freemium SaaS unicorn

Canva Paid Conversion Rate

10%%

approximate

11M paying users from 100M total

Canva Paying Users

11,000,000users

paid

At $1B+ ARR milestone

Canva Total Users

100,000,000users

total

At $1B+ ARR

Dropbox Free Users

600,000,000users

registered

Required to reach $2B ARR

Dropbox Paying Users

15,000,000users

minimum

At $2B ARR milestone

Free-to-Paid Conversion Rate

1.7%%

average

Mobile subscription payment apps (RevenueCat data)

Free-to-Paid Conversion Rate

2%%

assumed

SMB freemium SaaS products

GoDaddy Annual Recurring Revenue

4,000,000,000$

crossed

Freemium-enabled platform

HubSpot Annual Recurring Revenue

2,000,000,000$

approaching

Freemium-funnel SaaS company

HubSpot Free Trial Conversion

60%%

of customers trying free

Current (up from 50% in 2019)

New Relic Sign-up Increase

10xmultiplier

vs. pre-freemium

Reintroduction of freemium model

Paid Seats Required for $100M ARR

1,000,000seats

minimum

At $10/month ACV

Slack Large Customer Revenue

50%%

of total revenue

Customers with $100k+ ACV at $1B ARR

Wix Market Valuation

15,000,000,000$

current

Freemium-based SaaS company

Wix Total Users

154,000,000users

total

Generating $1B in ARR