12 observations · 12 reports · 1 publishers

Research & Development Spend.

Every Research & Development Spend observation from our practitioner benchmark corpus. Latest: Clouded Judgement (2025).

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Observations
12
Reports
12
Publishers
1
Latest
Clouded Judgement
2025-10-31
24 percent of revenue
Clouded Judgement
2025
median
Public SaaS companies
Clouded Judgement: Cloud Giants Report Q3 2025 – Capacity, AI Demand, and SaaS Valuation Multiples →
25 percent
Clouded Judgement
2024
median
Percent of revenue, SaaS companies at scale, Q4 2023
Clouded Judgement: Q4 2023 SaaS Earnings Analysis & Valuation Multiples →
27 percent of revenue
Clouded Judgement
2023
median
Public SaaS companies
Clouded Judgement: Q1 2023 SaaS Earnings Reflections →
28 percent of revenue
Clouded Judgement
2023
median
Public SaaS companies (NTM)
Clouded Judgement: Consumption Software Slowdown & Q1 2023 Reacceleration Signals →
26 percent of revenue
Clouded Judgement
2022
median
Public SaaS companies
Clouded Judgement: Cloud SaaS Valuation Multiple Compression & Fundamental Performance Disconnect →
26 percent
Clouded Judgement
2021
median
SaaS companies as percent of revenue
Clouded Judgement →
26 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement →
25 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement →
25 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement →
25 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement →
25 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement: SaaS Valuation Analysis & Okta-Auth0 M&A (Mar 2021) →
25 percent of revenue
Clouded Judgement
2021
median
Public SaaS companies
Clouded Judgement: SaaS Valuation Multiples & Operating Metrics Analysis (Jan 2021) →