SaaS Is Still Slowing Down, Unfortunately: What Q1 2025 Numbers Reveal About the Cloud Software Market
SaaStr
JUNE 6, 2025
Even market leaders like HubSpot have seen NRR fall from 110% to 110%. Slower New Customer Growth. Many B2B and SaaS leaders continue to rely on price increases and upsells for more and more of their growth. Especially if NRR is falling, not adding enough new customers eventually leads naturally to slowing growth.
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