Revenue per head. Rev/head on median was $199k with a range of $47k to a whopping $595k. Interestingly, the company with $595k of revenue per head was Dropbox who has a very large consumer and SMB customer base. The company with $47k of revenue per head is the highly valued (arguably materially overvalued) Snowflake.
The difference is small. The difference between revenue/head and opex/head is quite tight and indeed once you factor in COGS, 25 out of these 28 companies are not generating positive EBITDA.
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