#48 Kooth Earnings Breakdown

Hi friends,

Kooth is one of the most interesting businesses in mental health.

They’ve been around for over 20 years.

They’re publicly traded.

They have the gross margins of a software business.

And in 2024, they grew their revenue by 100%.

Because they are public, we get a great insight into the performance and financials of a true mental health tech business.

I’ve been following them closely since I wrote about them last year and last week, they announced their earnings report for 2024.

It’s full of interesting nuggets - from insights on margins, to valuation and the performance of their US contracts.

In today’s report, I break it all down for you.

Let’s get into it.

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