SaaS
2026 Burn Multiple Benchmarks: The Private SaaS Median Is 0.89x. Under 1x Is Average, Not Amazing
Lighter Capital (83 private B2B SaaS, 2026): the median burn multiple among cash burners is 0.89x. The 2020 "under 1x is amazing" scale now describes half the field. Below 0.5x is top quartile.