Benchmark reports.
Sourced from ICONIQ, KeyBanc, High Alpha, Bessemer, Battery, Jurassic, HiBob, and more. Newest publication first.
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2025 SaaS Benchmarks Report by High Alpha
High Alpha's 2025 SaaS Benchmarks Report analyzes 800+ SaaS companies, revealing a decisive shift from AI experimentation to operationalization (Operation AI).
The State of AI Report: December 2025
Battery Ventures' State of AI Report analyzes the explosive growth of AI-driven value creation, with AI companies representing 50% of S&P 500 value and adding $
KeyBanc Capital Markets & Sapphire Ventures 2025 SaaS Survey: AI-Driven Growth & Profitability Focus
The 16th annual KeyBanc-Sapphire Ventures SaaS survey reveals a market inflection toward profitable growth, with median ARR growth rebounding to 20% in 2025 and
What's Really Going On in Software: 2025 SaaS Benchmarks Report
Analysis of 800+ B2B SaaS companies reveals continued stabilization in core metrics while highlighting divergence between AI-native startups (growing 3x faster)
The Tech CFO Survey 2025: How CFOs are Adapting, Investing, and Leading in the Age of AI
The Tech CFO Survey 2025 reveals that 46% of European tech CFOs expect significant role evolution due to AI within 3-5 years, yet adoption remains gradual with
AI Impact on Technology M&A: Strategic Narratives and Deal Dynamics in 2025
Lazard's analysis examines AI as a transformative yet risky force in technology M&A, characterized by intense competition between AI-native startups and incumbe
ICONIQ Enterprise Five: Key Performance Indicators for Software Companies in 2025
ICONIQ presents the Enterprise Five framework—five core metrics for evaluating software company performance in an AI-transformed landscape. The analysis reveals
State of Software 2025: Efficient Growth and AI-Driven Operating Models
ICONIQ's annual Growth & Efficiency report analyzes software market trends showing stabilization after two years of volatility, with efficient growth and the Ru
State of Software 2025: Growth & Operational Efficiency Benchmarks for SaaS Leaders
ICONIQ's analysis of 100+ software companies reveals that in 2025, the market is stabilizing with declining growth rates, rising efficiency metrics, and AI beco
State of Software 2025: Rethinking the Playbook - Annual Topline Growth and Operational Efficiency Report
ICONIQ's comprehensive analysis of 127 software companies reveals that efficient growth has become the primary valuation signal, with the Rule of 40 emerging as
B2B SaaS Benchmarks Report 2025
Jurassic Capital's third annual benchmarks report covering 2024 and H1 2025 for B2B SaaS companies in the $5-20M ARR range. The report tracks key metrics across
Bessemer Venture Partners: State of AI – The New $100M ARR Growth Curve for AI Startups
Bessemer Venture Partners analyzes two winning AI startup archetypes—Supernovas (reaching $100M ARR in 1.5 years with thin margins) and Shooting Stars (4-year t
2025 GTM Compensation & Incentives Guide: Benchmarks by Role, Region, and Company Stage
A comprehensive analysis of go-to-market compensation structures across Account Executives, SDRs, Account Managers, and Customer Success Managers, examining how
AI-Driven Go-to-Market Transformation: 2025 Growth Acceleration Report
ICONIQ's 2025 State of GTM report reveals that AI-Native companies are significantly outperforming peers in funnel conversion and ARR growth, particularly in th
State of GTM: Data & Insights from the Latest ICONIQ Report
The article analyzes ICONIQ portfolio company GTM benchmarks, revealing that while Net Dollar Retention is stabilizing, new logo growth remains weak and the $10
2025 SaaS Growth Benchmarks Report
This comprehensive benchmarking report analyzes 372 SaaS companies across funding stages and company sizes, revealing stage-specific patterns in customer acquis
2025 Private SaaS Growth Benchmarking: Growth Rates Decline to 25% Median as Profitability Focus Reshapes Capital Allocation
SaaS Capital's 14th annual survey of 1,000+ private B2B SaaS companies reveals median growth rates have declined from 30% in 2023 to 25% in 2024, approaching pa
The state of B2B monetization in 2025
Based on a survey of 240 software and AI companies, this article reveals that hybrid pricing models (combining subscriptions and usage) are replacing traditiona
2025 B2B SaaS Performance Metrics Benchmarks Report
This comprehensive benchmarking report analyzes 583 B2B SaaS companies across seven key performance dimensions, revealing that median growth rates declined to 2
AI Compass 2025: The Builder's Playbook - From AI Adoption to Execution
ICONIQ's 2025 State of AI report shifts focus from AI hype to practical execution, surveying 300 software executives to identify how leading companies are build
Banks Accelerating Stablecoin Adoption in 2025: Survey Reveals 90% Taking Action
A Fireblocks survey of banks reveals that 90% are taking action on stablecoins in 2025, with 49% already using them for payments. Banks are adopting stablecoins
International Expansion Playbook: Four-Phase Framework for Global Growth
ICONIQ Growth's comprehensive guide for U.S.-based companies expanding internationally, outlining four critical phases: Planning, Market Entry, Market Expansion
The 2025 Market Insight Report: Global Insights and Analysis from Awards Entrants
The Cloud Awards presents a comprehensive market report analyzing the cloud computing, SaaS, AI, security, and FinTech sectors for 2024/25. The report highlight
2026 State of GTM | Benchmarks & Data
Analysis of 2026 GTM benchmarks from ICONIQ covering revenue growth, net dollar retention, CAC payback period, and contract length trends across private and pub
R&D Reporting Guide: Key Metrics and Frameworks for Technology Organizations
ICONIQ Capital provides a standardized framework for R&D reporting and engineering performance measurement, addressing the lack of consistent approaches to trac
The State of M&A in 2025
This article analyzes M&A market conditions for 2025, explaining why deal volume has declined from 2022 peaks due to interest rates, stock volatility, and macro
SaaS Valuation Multiples: 2015-2025 Q4 2024 Update and 2025 Outlook
This comprehensive analysis tracks SaaS valuation multiples across listed companies and M&A transactions from 2015-2025, showing recovery to 7.4x EV/Revenue in
US Equity Valuation Analysis: 2024 Performance and 2025 Market Outlook
Analysis of US equity market performance in 2024, showing 24.88% total returns (ranked 27th best year historically) and combined 2023-2024 returns of 57.42%. Th