Q1 2026 SaaS+Fintech Earnings Observations
SaaS and fintech equities have rallied over the past month yet remain laggards to the broader market over the past year. Despite the choppy stock performance, the fundamentals tell a story of continued strength. Average revenue growth accelerated slightly, and gross profit margins continued to expand in the most recent quarter, marking the 11th straight […]
Q4 2025 SaaS and Fintech Earnings Observations
SaaS + fintech share prices have come under pressure in recent months due to rising fears of AI-led disruption. However, recent fundamentals paint a positive picture with continued top-line growth and margin expansion. Ultimately, we believe the AI opportunity for many leading SaaS companies outweighs the potential risks. See our Q4 2025 earnings observations below […]
Embedded Fintech Vertical Snapshot: Accommodation Property Management
As part of our ongoing vertical series on vertical SaaS and embedded finance, we profile the accommodation property management segment, which is relatively mature in embedded payments acceptance but offers significant growth opportunities across broader embedded finance.
Embedded Fintech Vertical Snapshot: Automotive
This snapshot is the second in our Embedded Finance Vertical Snapshot series, focusing on the automotive dealership, repair, and car wash landscape. The automotive industry is highly complex with high software penetration (95% of companies use software to manage at least part of their business). However, embedded fintech adoption varies. While payment acceptance is relatively […]
Q3 2025 SaaS and Fintech Earnings Observations
SaaS and fintech share prices felt the broader tech headwinds in Q3, but company performance continued to demonstrate the power of the business model with 20%+ topline growth.
Q2 2025 SaaS+Fintech Earnings Observations
After a challenging quarter, the market is rebounding, with 9 of 14 tracked companies now posting positive 3-month returns. While growth continues, it has slowed modestly, suggesting a more measured expansion.
SaaS Embedded Finance Survey Results Part 2: Expansion Expectations
Earlier this year, we completed a survey of 100 NA SaaS platforms on their embedded finance businesses. We are sharing key insights in a series of infographics. The third in this series focuses on embedded finance product advantages. Today 1. Current % of Company Profits Generated by Embedded Finance 2. Current Offering of Embedded […]
Q1 2025 SaaS Earnings Observations
After a challenging quarter, the market is rebounding, with 9 of 14 tracked companies now posting positive 3-month returns. While growth continues, it has slowed modestly, suggesting a more measured expansion.
Embedded Finance Vertical Snapshot: US Healthcare Providers
This snapshot marks the first in our Embedded Finance Vertical Snapshot series, beginning with a focus on the US Healthcare Providers landscape (excluding payment to payer payment flows). The healthcare sector is notably complex and highly regulated, with widespread software adoption driven in large part by US electronic health record (EHR) mandates. Despite this digital […]
SaaS Embedded Finance Survey Results Part 1: Maturity Roadmap
Flagship recently completed a survey of 100+ North American SaaS platforms on their embedded finance businesses. We will be sharing key insights in a series of infographics. The first of the series focuses on embedded finance maturity. ‹ › General Commentary & Highlights Embedded finance takes years to perfect: There is a clear correlation between time […]