Usage-based agent revenue lifts SaaS stocks: CRM +22.6%, CRWD +20.5%, SNOW +22%
downingARK · x · 2026-09-03
A wave of SaaS stocks rallied last week on fast-growing usage-based agent revenue: Salesforce +22.6% (Agentforce hit 3.2B work units, +97% QoQ), CrowdStrike +20.5% (AIDR ARR nearly tripled QoQ, priced per token), Snowflake +22% intraday (AI drove half of product-revenue growth acceleration), GitLab +10% (Duo Agent Platform paid consumption +50% QoQ). The takeaway: the SaaSpocalypse may be ending—agents are the new apps.
Related event: AI Agent Usage Revenue Drives SaaS Stock Rally(2 posts)→
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