5 Interesting Learnings from Circle at $2.3 Billion in “ARR”
SaaStr
JUNE 11, 2025
The B2B / SaaS Parallel : Many SaaS companies build their entire business on one pricing model, one customer segment, or one distribution channel. Rapid expansion and new service integrations negatively impacted net income. Circle trading at $85 up from $31 IPO price. The culprit? 2x, creating expanding margins.
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