Multi-year Revenue ExpansionSustained revenue growth over multiple years signals durable market demand and successful scaling of the software business. Growing top line expands addressable market share, supports operating leverage, and provides a larger base for reinvestment in product and sales to sustain medium-term growth.
High And Stable MarginsConsistently high gross and operating margins indicate strong pricing power, differentiated product economics, and effective cost control. These margin levels create durable cash flow potential and competitive moat, allowing investment in R&D and sales while preserving long-term profitability.
Debt-free Balance Sheet And Strong Cash FlowA debt-free balance sheet and robust free cash flow generation materially reduce financial risk and provide strategic flexibility. Strong cash conversion (FCF tracking net income ~90–99%) supports funding organic growth, dividends, buybacks, or M&A without reliance on external financing.