6 reports · Newest first

Rule of 40 benchmarks.

Every Rule of 40 observation across 6 reports. Newest first.

Year All(77) 2026(5)2025(28)2024(21)2023(4)≤2022(18)
Publisher All ICONIQ(19)Bessemer(2)KeyBanc(4)High Alpha(1)Battery(3)a16z(1)Tomasz Tunguz(13)SaaStr(5)Damodaran(1)OnlyCFO(8)
Metric All Magic Number(6)NRR(16)GRR(3)Rule of 40(9)CAC Payback(9)Gross Margin(12)ARR Growth(11)Burn Multiple(1)FCF Margin(1)EV/Revenue(5)ARR / FTE(2) All metrics →

All reports

High Alpha NaNd

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).

62 metrics ·Year-Over-Year Growth Rate · Year-Over-Year Growth Rate · Year-Over-Year Growth Rate · Cited 0×
KeyBanc 203d

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

16 metrics ·Median ARR · ARR Growth · Gross Dollar Retention · Cited 0×
ICONIQ 274d

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

5 metrics ·YoY ARR Growth - Top Quartile ($1-$10M ARR) · Net Dollar Retention · Rule of 40 Target · Cited 0×
drive.google.com 276d

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

20 metrics ·YoY ARR Growth · YoY ARR Growth · Net Dollar Retention · Cited 0×
drive.google.com 368d

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

30 metrics ·Growth Rate · Growth Rate (Top Quartile) · New Customer CAC Ratio · Cited 4×
aventis-advisors.com 493d

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

12 metrics ·EV/Revenue Multiple · Revenue Growth · EBITDA Margin · Cited 4×