4 stories tagged #growth.
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Canva reduced its 2026 growth forecast from 30% to 20% after reporting roughly $3B in GAAP revenue the prior year. The company entered the year targeting 30% growth before Melanie Perkins disclosed the revised 20% figure mid-year. AI feature costs drove the change, as subsidizing frontier model calls for a prosumer base proved expensive.
Canva reached approximately $3.6B in value while growing at 20%. Adobe reported $23B in revenue at 12% growth and trades at three to four times revenue.
Higgsfield reached a $500M annualized revenue run rate in June, up from $200M at the end of 2025, according to [SaaStr](https://www.saastr.com/500m-arr-60-engineers-cash-flow-positive-how-higgsfield-actually-runs-with-ceo-alex-mashrabov/). The platform launched in March 2025 and is cash-flow positive. It is now in talks to raise at a reported $5B valuation.
The company operates with roughly 150 people total.
Gamma reached $100M ARR with 50 million users and 600,000 paying subscribers five years after founding, operating profitably with a team of 50. The company achieved the bulk of this growth with zero sales and zero marketing spend, relying instead on word of mouth, according to SaaStr.
Grant Lee and two former Optimizely colleagues founded Gamma to address the blank page problem in presentation tools. Lee built an early prototype after spending excessive time on formatting in Google Slides.
Toast reported a ~$6.5 billion revenue run rate, reflecting 22% year-over-year growth. Software revenue reached $2.2 billion and grew 26%. The company added roughly 7,000 net new locations in the quarter, bringing the total to approximately 171,000 live locations.
Toast crossed into durable GAAP profitability. Net income more than doubled to $126 million. Free cash flow reached $115 million. Software gross margins hit 81% for the first time.