Claim VolumesClaim volumes are likely to continue to be a drag in 2025E, clouding sentiment over potential upside risks.
Gross MarginEfforts to accelerate growth through new solutions are modestly diluting gross margin, which declined to ~76% in 4Q24, the lowest level since early 2021.
Organic Revenue GrowthThe company is lowering organic revenue growth estimates, reflecting margin pressure related to the EvolutionIQ acquisition.