- ironSource is a software business that offers mobile app developers a suite of software products to help them expand, engage, and monetize their user base.
- ironSource has grown revenues at a 70% CAGR since 2019 and has demonstrated a consistent "beat-and-raise" approach to issuing guidance, having exceeded all revenue projections since entering the public markets.
- Unlike most public tech companies in the $1-5b market cap range, ironSource prioritizes "profitable growth" and reported 35% adjusted EBITDA margin in 2021, along with 11% net income margin.
- ironSource’s unit economics appear strong, with world-leading net revenue expansion rates averaging 158% over the past 10 quarters and consistent growth across customer cohorts dating back to 2016.
- ironSource trades at a forward EV/sales multiple of 4.8x and a forward P/E multiple of 21.5x, which is an attractive valuation for long-term investors.
For further details see:
ironSource: Profitable Software Business With Jaw-Dropping Revenue Retention Rates