XRO 0.71% $136.40 xero limited

530k is net new subscribers. Churn is 0.9% per month = ~10% per...

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    530k is net new subscribers. Churn is 0.9% per month = ~10% per annum in mrr. Assume similar churn in subscriber numbers. There are 3.3m subscribers so therefore gross adds is 530k + 330k to replace churn = 860k gross adds. Churn thankfully is heading in the right direction…
 
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0.960(0.71%)
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$136.52 $137.38 $135.44 $36.87M 270.3K

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