Feb. 2 at 8:57 PM
$LIFE shattered IPO trading at ~8x EBITDA and ~12-13x Q4's annualized EPS (similar to 9mo annualized). Think it has been caught up as a software company or something, but it is more of a GSHD like insurance originator earning commission revenue. The value is in the network effects of agents using their platform and insurance companies paying for their origination leads. Cash flow positive, Q4 growth is over 60% and EPS probably doubles
When they officially report Q4 we may see a nice 2026 guide - it is certainly not priced for one, particularly given the incentives a recent IPO has to go public when the business has momentum