Improving Margins & Revenue GrowthRevenue remained positive while gross margin expanded to ~74% in 2025, indicating strong unit economics for a software platform. High gross margin supports scalable revenue, funds product and service investments, and underpins durable profitability as adoption grows over the coming months.
Positive Operating & Free Cash Flow InflectionOperating and free cash flow turned positive in 2025 after several years of cash burn, reducing near-term funding pressure. A cash-flow inflection improves self-funding for onboarding, support and R&D, lowering refinancing risk and enabling steadier investment over a 2–6 month horizon.
Manageable Leverage & Equity CushionA debt-to-equity near 0.31 and sizable equity provide balance-sheet flexibility. Low leverage supports continued product investment, working capital needs, and cushions operational swings, enabling strategic choices without immediate reliance on external capital over the medium term.