The Annual Recurring Revenue Growth Report

01 July 2025

Head of Operational Excellence

Want to know how you are performing compared to 20+ B2B software companies in the Nordics? This is Viking Growth Annual Recurring Revenue (ARR) growth report for 2026.

The report is an in-depth analysis of financial and performance data across our portfolio of more than 20 B2B SaaS companies in the last five years.

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Monthly, our companies reports on KPIs, enabling us to track and compare the most important SaaS metrics over time.

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This report provides you with access to highly relevant benchmarks and valuable insights that you can leverage to make data-driven decisions, overcome challenges and build on what is working well.

Key insights from the ARR Growth Report:
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  • Growth has slowed but stabilized. Organic ARR growth is leveling off, while top performers continue to grow at 30%+ YoY.
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  • Lower M&A explains much of the slowdown. Activity has halved since 2022, but improving market conditions point to a rebound in 2026.
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  • Top performers use every growth lever. New sales remain the biggest growth driver, supported by expansion, pricing, and M&A.
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  • NRR remains strong. Low churn and contraction keep average portfolio NRR at 104%, with pricing contributing significantly.
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  • Profitable growth is back. Portfolio companies have improved their Rule of 40 every year since 2022.
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Note: Benchmarks reflect Viking Growth's active portfolio in each respective year.

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Coming Soon!

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FAQ: ARR Report