5 Most Valuable B2B SaaS Companies

2. Adobe Inc. (NASDAQ: ADBE)

Market Cap: $288.75 billion

Adobe Inc. (NASDAQ: ADBE) is among the top 3 in our list of the 15 most valuable B2B SaaS companies boasting a market cap of $288.75 billion. The days of Adobe Inc. (NASDAQ: ADBE) only selling design tools like Adobe Photoshop, Adobe Illustrator, and Adobe Lightroom are long gone. The company has grown to become a provider of a wide array of software for enterprise companies. The process of Adobe Inc. (NASDAQ: ADBE) transforming to a cloud-based SaaS company started in the year 2007 and reached a turning point in 2013 when Adobe Inc. (NASDAQ: ADBE) replaced the Creative Suite with the Creative Cloud Suite. As of 2017, 86% of the company’s total revenue came from subscriptions. Adobe Inc. (NASDAQ: ADBE) reported revenues of up to $12.87 billion for its fiscal year 2020 and has over 24,000 employees working worldwide. Among its various cloud-based solutions we have, the Adobe Creative Cloud, Adobe Document Cloud, and Adobe Experience Cloud.

In the Q2 2021 investor letter of Richie Capital Group, the fund mentioned Adobe Inc. (NASDAQ: ADBE). Here is what the fund said:

Adobe Systems (ADBE – up 24.8%) – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”