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Our Company Our mission is to help insurance carriers and distributors target and acquire consumers more efficiently and at greater scale through technology and data science. Our technology platform brings together leading insurance carriers, agents, and high-intent consumers through a real-time, programmatic, transparent, and results-driven ecosystem.
Operating margin is thin at 1.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 28.8%, still solid. Margins contracted 3.0pp, which offsets some of the top-line progress.
ROIC dropped from 24.79% to 10.72%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.16B
▲ +28.8% YoY
Net Income (TTM)
$39M
▲ +54.1% YoY
Op. Margin
3.83%
▼ -3.0pp YoY
ROIC
21.98%
▼ -14.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$40M
▲ +43.1% YoY
Op. Cash Flow (TTM)
$40M
▲ +43.0% YoY
Net Debt
$137M
Cash & Equiv.
$26M
5Y CAGR: +13.7%
5Y CAGR: +5.0%
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