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Thanks Jamin. Would be interesting to see the change in FCF margin y-y as well. Many companies also went public in the last 2years and need to start moving towards neutral to positive cash flow as their proceeds get used up. Showcasing scalability will be key for these companies and a potential revaluation in SaaS sales multiples

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thanks for the insightful analysis. Question: Gitlab's FCF seems relatively very poor compared to others. What does that signify about that business?

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Look at their CF statement!

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