Public Market Benchmarks, Indexed Price Performance
Indexed price performance of select public market indices from December 31, 2024 to December 31, 2025. Major benchmarks like Magnificent 7 (+22%) and Nasdaq (+21%) outperformed Sapphire Broad Software Index (+10%) and Sapphire Pure SaaS Index (+7%) as software decoupled in Q4 2025.
| Label | Value shown on the chart |
|---|---|
| Mag 7 | +22% |
| Nasdaq | +21% |
| S&P 500 | +16% |
| Sapphire Broad SW Index | +10% |
| Sapphire Pure SaaS Index | +7% |
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