In Episode 30 of The SaaS Report, host Matt Aird breaks down three key metrics from our Q2 State of SaaS Report - CAC payback, free cash flow margins, and sales & marketing spend - and how they’re shaping the current SaaS landscape.Then, we dive into the circular economics emerging in the AI space - where Nvidia, OpenAI, and CoreWeave may be building financial loops that echo past market bubbles.Get the full Q2 State of SaaS Report (with data from 40 public companies across 15 metrics): https://www.send.co/a/draft-state-of-saas-report-q2-2025-FQjWkvqPWhat do you think?Are these new GPU leasing models a sign of innovation - or the start of circular economics in AI? Drop your thoughts in the comments.Subscribe for weekly SaaS insights and earnings breakdowns.

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