How The Top 25 B2B Public Companies Have Performed In 2025 So Far — And What They Tell Us About the Future


TL;DR: The SaaS market has clearly bifurcated in 2025. AI-native + mission-critical = strong performance (Palantir +165%, ServiceNow +12%). Traditional horizontal SaaS faces headwinds (Salesforce -18… [+13951 chars] Show more...

We analyzed every major public SaaS company’s YTD performance through just about the end of the first half of 2025. The results may change how you think about building software. TL;DR: The SaaS market has clearly bifurcated in 2025. AI-native + mission-critic…

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Jason Lemkin

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