Conservative Balance SheetNear-zero debt and a substantially larger equity base reduce financial risk and give management optionality. Over 2-6 months this strength supports capital allocation flexibility for product investment, M&A or share returns, and materially lowers bankruptcy and refinancing risk under stress.
High And Scalable MarginsVery high gross margins indicate a scalable software/infrastructure cost structure, enabling operating leverage as revenue grows. Durable margin profile supports reinvestment, higher ROE and resilience to moderate pricing or cost fluctuations over the medium term.
Improved Cash Generation In 2024Positive OCF and strong FCF conversion in 2024 show the business can turn profits into cash, supporting self-funded growth, capex and capital returns. This improves financial durability and reduces reliance on external financing for the next several quarters.