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Baremetrics vs Wave: 2026 Comparison

Baremetrics Wave
Overview A subscription analytics and insights platform providing real-time MRR, churn, LTV, and forecasting for SaaS businesses. A free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payment processing.
Pricing Subscription ($108-$450/month) Freemium (Free (accounting) + paid add-ons)
Key Features
  • MRR tracking
  • Churn analysis
  • LTV calculation
  • Forecasting
  • Trial insights
  • Cancellation insights
  • Benchmarks
  • Slack integration
  • Accounting
  • Invoicing
  • Receipt scanning
  • Bank connections
  • Financial reports
  • Payment processing
  • Payroll
  • Multi-currency
Pros
  • Beautiful dashboards
  • Real-time metrics
  • Good forecasting
  • Easy to set up
  • Completely free accounting
  • Good invoicing
  • Easy to use
  • Receipt scanning
Cons
  • Expensive for the features
  • Limited to payment processors
  • Fewer features than competitors
  • Small team
  • Limited features
  • Payroll costs extra
  • Payment processing fees
  • No inventory management