SaaS Metrics Weekly — 2026-09-06
This week in SaaS, Zscaler and Samsara delivered strong Q2 fiscal 2027 results, highlighting continued enterprise demand for security and connected operations platforms. Meanwhile, private market activity remains robust, with Wonderful doubling its valuation to $5 billion and Lovable confirming a $13.3 billion valuation following a recent funding round.
SaaS Metrics Weekly — 2026-09-06
Zscaler — Q4 Fiscal 2026 Results
- Revenue: Achieved strong growth of 25% year over year.
- ARR/Key Metric: ARR growth of 25% year over year.
- Guidance: No specific forward guidance mentioned in the brief.
- Takeaway: Zscaler continues to demonstrate consistent double-digit growth in both revenue and ARR, reinforcing its position in the cloud security sector.
Samsara — Q2 Fiscal 2027 Results
- Revenue: $508.4 million, up 29.9% year on year.
- ARR/Key Metric: Total ARR crossed $2.1 billion. Net new ARR hit $134 million, up 28% year over year. ARR from $1 million-plus customers surpassed $500 million.
- Guidance: Maintained GAAP profitability.
- Takeaway: Samsara's stock jumped 12.1% (or 16% in after-hours trading) as it beat Wall Street expectations, adding a record 20 organizations with over $1 million in annual recurring revenue in a single quarter.
eGain — Q4 Fiscal 2026 Results
- Revenue: $22.2 million, down 4% year over year.
- ARR/Key Metric: Total SaaS ARR declined 1% year over year.
- Guidance: Non-GAAP net income was $2.1 million ($0.08 per share). Management indicated non-AI revenue is expected to keep falling as resources are redirected toward AI.
- Takeaway: Despite beating EPS estimates, shares sank after hours due to declining revenue and ARR, reflecting the challenges of transitioning legacy SaaS models toward AI-centric offerings.
Funding & Deals
| Company | Round/Deal | Amount | Valuation | Lead Investor |
|---|---|---|---|---|
| Wonderful | Series C | $550 million | $5 billion | Not disclosed |
| Lovable | Funding Round | $400 million | $13.3 billion | Not disclosed |
Wonderful: The company more than doubled its valuation to $5 billion in under six months. The funds will be used to accelerate product development, expand Forward Deployed Engineering (FDE) teams, and meet growing demand.
Lovable: Confirmed a new $13.3 billion valuation after raising $400 million, following a milestone of hitting $500 million in annualized run rate revenue in June. This highlights the intense investor appetite for high-growth AI-native startups.
Market Pulse
- Cloud Index: Based on the BVP Cloud Index screenshot, specific numerical data is not clearly legible from the provided image metadata alone. However, broader industry reports indicate that public software baskets have returned to green at the index level for 2026, recovering from early-year sell-offs.
- Sector Sentiment: The "SaaSpocalypse" is reportedly over, with public software stocks recovering at the index level, though gains are uneven across companies.
- Notable Moves: Samsara shares jumped 12.1% post-earnings. Conversely, eGain shares sank after hours despite an EPS beat, driven by declining ARR and revenue.
Industry Moves
- Wonderful: Raised $550M in Series C at a $5B valuation — demonstrates rapid valuation expansion for AI-focused SaaS platforms.
- Lovable: Confirmed $13.3B valuation with new $400M raise — underscores the premium placed on companies achieving significant annualized run rate revenue quickly.
What to Watch Next Week
- Upcoming Earnings: Monitor other major SaaS players reporting Q2/Q4 results to see if the trend of strong enterprise adoption (like Samsara/Zscaler) continues or if the AI transition headwinds (like eGain) become more prevalent.
- Valuation Trends: Watch for further private market rounds that may test the current $5B-$13B+ valuation benchmarks set by Wonderful and Lovable.
- Market Index Performance: Track the BVP Cloud Index and IGV to confirm if the recovery in public software stocks is sustained or if volatility returns.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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