5 Interesting Learnings from Circle at $2.3 Billion in “ARR”
SaaStr
JUNE 11, 2025
The B2B / SaaS Application : In highly regulated industries (healthcare, finance, government), being first to achieve compliance certifications can create durable competitive moats. Rapid expansion and new service integrations negatively impacted net income. The culprit? Your CAC becomes their revenue share, permanently.
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