For the past 16 years, the KeyBanc Capital Markets technology group has annually surveyed hundreds of companies, drilling down on key SaaS metrics and evaluating future expectations. Here, we make it easy to access our latest 2025 results along with the past three years of data.
This report was not issued by our research department. The information contained in this report has been obtained from sources deemed to be reliable but is not represented to be complete, and it should not be relied upon as such. This report does not purport to be a complete analysis of any security, issuer, or industry and is not an offer or a solicitation of an offer to buy or sell any securities. This report is prepared for general information purposes only.
KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., member FINRA/SIPC (“KBCMI”), and KeyBank National Association ("KeyBank N.A."), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank N.A.
Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value
Please read our complete KeyBanc Capital Markets disclosure statement.




