I agree with you, XERO is no different to Workday, Salesforce,...

I agree with you, XERO is no different to Workday, Salesforce, Intuit, Square Inc.
and Afterpay will be no different it will follow that trajectory.
Just my view, I want Afterpay to become $150 a share but with profits which is possible for such a platform.
A2 is making that happen but effectively managing costs and employee costs.

I am currently interviewing at a similar company Mulesoft which has thousands of customers and recently acquired by Salesforce, never reported a profit but acquired by Salesforce at $48 a share.

Also as the current market is still a Bull market, high possibility is Afterpay will follow the XERO path. But worries me if there would be a crash it will wear down the stock price a lot compared to A2 which is recording growing profits as the company expands.

I am a software professional myself, so it is hard to understand 80 million a year in EBITDA, 200 employees and still no profits which means there are expenditures towards something.
I do feel they will be profitable by H1 2019.