SaaS Metrics Weekly — 2026-11-06
This week’s SaaS landscape features robust earnings from established players like FICO, JFrog, and PAR Technology, with FICO reporting a 27% revenue surge and JFrog seeing 31% growth. On the M&A front, Bending Spoons acquired the collaboration platform Miro for $1.355 billion, marking a significant valuation reset. Venture capital activity remains high, with US startups raising $20.83 billion in October.
SaaS Metrics Weekly — 2026-11-06
Earnings & Revenue Reports
Fair Isaac (FICO) — Q4 2026 Results
- Revenue: Rose 27% year-over-year
- ARR/Key Metric: Platform ARR surged; Free Cash Flow reached $1.034 billion
- Takeaway: Growth was driven by mortgage Scores and FICO Platform expansion, despite sliding mortgage volumes and pricing shifts
JFrog — Q3 2026 Results
- Revenue: $179.2 million, up 31% year-over-year
- ARR/Key Metric: Remaining performance obligations totaled $812.4 million, up 60% year-over-year
- Guidance: Q4 revenue expected between $183 million and $185 million; non-GAAP operating income of $36.2 million to $38.2 million
- Takeaway: Strong backlog growth signals sustained demand for DevOps automation tools.
PAR Technology — Q3 2026 Results
- Revenue: $137.1 million, up 15% year-over-year
- ARR/Key Metric: Annual recurring revenue rose 18.1% to $354.5 million
- Guidance: Expects Q4 adjusted EBITDA of $17.5 million to $19 million
- Takeaway: The company continues to see double-digit growth in both top-line revenue and recurring revenue streams.
eGain Corp — Q1 Earnings
- Revenue: $21.9 million, beating estimates
- Key Metric: GAAP EPS of $0.05 missed expectations
- Takeaway: Total revenue narrowly exceeded the consensus of $21.09 million, though profitability metrics lagged behind analyst forecasts
Funding & Deals
| Company | Round/Deal | Amount | Valuation | Lead Investor |
|---|---|---|---|---|
| Miro | Acquisition | $1.355 billion | N/A | Bending Spoons |
Miro Acquisition: Bending Spoons acquired the visual collaboration platform Miro for $1.355 billion, a price reported to be approximately 90% below its peak valuation. This deal highlights the significant valuation compression facing former high-growth SaaS unicorns in the current market environment.
Market Pulse
- Venture Capital Volume: US startups raised $20.83 billion in October 2026, representing a 71% increase from the previous year.
- Sector Sentiment: While total funding is up, it decreased by 25% from September levels. Large rounds dominate the landscape, with four deals of $1 billion or more accounting for 26% of the total capital deployed.
- Notable Moves: The market shows a bifurcation where mega-rounds continue to attract capital, while early-stage valuations face pressure.
Industry Moves
- Bending Spoons: Acquired Miro for $1.355 billion — This strategic move consolidates the digital whiteboard space under a consumer-tech-focused acquirer, signaling that profitability and cash flow are now prioritized over pure growth metrics in M&A valuations.
- PTC: Announced fourth fiscal quarter and full fiscal year 2026 results ending September 30, 2026. As a major PLM and IoT software provider, PTC's full-year results provide critical insight into industrial SaaS adoption trends.
What to Watch Next Week
- Altus Group Q3 2026 Earnings Call: Investors will review Altus Group's (TSX:AIF) financial performance and guidance following their Q3 report, which may offer further clues on real estate tech spending.
- PAR Technology Q3 2026 Earnings Call Transcript Release: Full details from PAR Technology's call will be analyzed for insights into restaurant technology adoption rates.
- eGain Q1 2027 Earnings Call Transcript: Analysis of eGain's (NASDAQ:EGAN) call will provide deeper context on their customer support AI software demand despite the EPS miss.
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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