Public Market Benchmarks, Indexed Price Performance
Chart showing indexed price performance of select software and broad market indices from late 2025 into early 2026. Sapphire Pure SaaS Index and Sapphire Broad SW Index dropped significantly to -23% and -20% respectively by February 2026.
| Label | Value shown on the chart |
|---|---|
| S&P 500 | +1% |
| Nasdaq | -2% |
| Mag 7 | -5% |
| Sapphire Broad SW Index | -20% |
| Sapphire Pure SaaS Index | -23% |
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