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LTM Revenue ($M), Growth, and Rule of 40 at IPO

Meritech CapitalJanuary 2026
LTM Revenue ($M), Growth, and Rule of 40 at IPO
Chart by Meritech Capital. Source: meritech.substack.com

Chart depicting LTM Revenue, LTM Revenue Growth, and Rule of 40 metrics for selected software companies at the time of their IPO filing, led by CoreWeave with $1,915M in revenue.

LabelValue shown on the chart
CoreWeave (LTM Revenue)$1,915M
Sailpoint (LTM Revenue)$824M
Figma (LTM Revenue)$821M
Netskope (LTM Revenue)$616M
Navan (LTM Revenue)$613M
Hinge Health (LTM Revenue)$432M
Gloo (LTM Revenue)$41M

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View the original on meritech.substack.com

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