Sustained Revenue ScaleMeaningful multi-year revenue expansion demonstrates successful scaling of the aggregator model and broader partner adoption. Sustained top-line growth supports network effects, stronger bargaining with lounges/issuers, and the capacity to invest in product and distribution over the next 2–6 months.
Healthy Balance SheetLow leverage and a solid equity base provide financial resilience and strategic optionality. This strength underpins the company's ability to fund partnership rollouts, absorb demand shocks in travel, and pursue selective investments without eroding liquidity over the medium term.
Improving Cash GenerationPositive and improving free cash flow indicates operations are converting revenue into durable cash, enabling reinvestment, working-capital coverage, and potential shareholder returns. Strong cash conversion reduces refinancing risk and supports sustainable growth plans.