2025 SaaS Benchmarks Report by High Alpha
Contents
Introduction
Executive Summary
AI-Driven Market Rebound
Growth & Efficiency
SaaS Metrics & Trends
People
Founder Insights
Closing
E ffi ciency Gains Drive Cash Burn Down In Larger Companies
MONTHLY CASH BURN
Median Burn Has Fallen Sharply, With Later-Stage Companies Now Largely Break Even or Cash Flow Positive
! Change From 2024
Monthly Cash Burn
Less Than $1M ARR
$1-5M ARR
$5-20M ARR
$20-50M ARR
Greater Than $50M ARR
! INSIGHTS
Across all ARR bands, median burn has dropped to minimal or breakeven levels, especially beyond $20 million ARR, where most companies are now operating cash-neutral. This shift underscores a new phase of SaaS maturity: growth funded by operational efficiency rather than constant external capital. Founder Takeaway This marks a return to control — where efficiency, not fundraising cadence, determines longevity and optionality. Respondents provided a range for cash burn. Values are calculated based on the midpoint of reported ranges.
$700,000
$560,000
$420,000
$280,000
$140,000
$625,000 ! 50% $50,000 ! 92%
$375,000 ! 85%
$175,000 - $50,000 - $50,000 -
$375,000 - $175,000 -
$625,000 -
Upper Quartile
$175,000 ! 53%
Median
$0 - $0 -
$37,500 ! 25%
$0 ! 100%
Lower Quartile
$0 -
Source: 2025 SaaS Benchmarks Report by High Alpha
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