Acme Corp›Q3 due diligence
Based on 14 filings & transcripts Updated 2h ago
High confidenceQuestion
Is Acme’s revenue growth sustainable into FY25?
Growth should decelerate but stay positive — consensus of ~22% for FY25 looks reachable, with downside if enterprise churn continues.
Watch — enterprise churn. Pressure-test this before you commit: if net retention keeps sliding, FY25 growth lands at the low end of the range.
FY24 revenue rose 34% to €218M, but net new ARR has slowed for three straight quarters and net revenue retention fell from 119% to 108%.
FY24 revenue
€218M
34% YoY
Net retention
108%
from 119%
Gross margin
71%
stable
FY25 consensus
~22%
revenue growth
Key drivers
Net new ARR down 3 straight quarters — €14M to €9M
Enterprise gross churn up to 11%
New-market expansion offsetting ~6 pts of the slowdown