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Hidden Gems

Hidden Gems: Fifth Edition

The Scalable Aussie Vertical SaaS

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Nikotes
Jul 24, 2025
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Welcome to the fifth edition of Hidden Gems!

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In this series, we spotlight small- and mid-cap companies that tend to fly under the radar, but stand out for their business quality, overlooked fundamentals, or long-term growth potential.

If you’re new here, start by exploring the earlier editions (most of the content’s open) in the πŸ”— Hidden Gems corner.

For this fifth edition, we’re heading down under to the land of the Aussies. Not just a wonderland of beaches, open-minded people, and multicultural charm, but also home to a surprisingly deep pool of underfollowed, world-class businesses.

This time, we’re diving into a company that, in my view, is an exceptional high-growth engine, arguably one of the cleanest and most impressive financial profiles I’ve ever seen in software. It’s far from cheap, but the quality is undeniable, and its success story is worth unpacking.

Let’s get into it. But first, here’s a quick look at what Expanse Stocks is all about.


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πŸ‘€ Recent Releases!

  • πŸ” Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3

  • πŸ” Deep Dive Brief: Intuitive Surgical

πŸ‘€ Coming Soon

  • ✨ The Rareness of Moaty Industrials: A Selection of 6 Gems

  • πŸ’Ž Hidden Gem: Special Edition III


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