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Dropsuite Surges with 37% ARR Growth and 1.65M Users in Record Quarter
9:28am on Tuesday 28th of January, 2025 AEDT
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Technology
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Dropsuite Surges with 37% ARR Growth and 1.65M Users in Record Quarter
9:28am on Tuesday 28th of January, 2025 AEDT
Key Points
Annual Recurring Revenue (ARR) climbs to $49.8 million, up 37% year-on-year
Paid user base expands 42% to 1.65 million seats
Record quarterly seat additions of 165,000 driven by MSP channel growth
Product gross margin remains strong at 70%, churn below 3%
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