Vertical Apps Still Trade at a Premium to Horizontal

In the largest band (100–109% NRR), verticals trade at ~1.7x horizontal apps.

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Median EV / Revenue (TTM) by NRR band. N/A due to only 1 vertical comp with <100% NRR (2.3x).

Chart: The Verticalist by EuclidSource: Euclid CompsGet the data