Software as a service (SaaS) has been all the rage the past decade, but many companies have failed to reach profitability. That has led to massive drops in valuation as investors flee to safety. But Motley Fool contributor Travis Hoium highlights three companies that are generating free cash flow and could be positioned to grow long term, despite the current downturn.

*Stock prices used were end-of-day prices of Jan. 23, 2023. The video was published on Jan. 26, 2023.