Net retention is the number, and it is getting harder to read
It traded at 137.01, -3.12% on the session. When a company changes how it counts its most important metric, that is the story.
Net retention, rule-of-40, and margin resets. Looking for software that compounds, not just grows.
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It traded at 137.01, -3.12% on the session. When a company changes how it counts its most important metric, that is the story.
The AI-native customer growth I track, and how it shows up in usage.
Observability costs grow with the data a company produces. When that outpaces the budget, teams keep less of it, and revenue slows with them.
A data platform whose earliest customers keep increasing their spending has growth that does not need a sales team to find.
The hiring and seat indicators I read for the core platform.
How I separate organic growth from bought growth in the reported numbers.
What the multiple assumes, and the slowdown I think it ignores.