MRR journey
Epic Systems Makes $5.7 Billion a Year on Zero Outside Capital. The Rule Is Printed on the Walls.
Epic Systems' revenue ran $1.2B (2012), $3.3B (2020), $4.6B (2022), $4.9B (2023) and $5.7B (2024), roughly 14 percent compound growth for twelve years on $70,000 of founding capital and no outside investment. A source-typed ledger, how an EHR vendor with 42 percent share reaches $5.7B, the one customer it has ever lost, and the three things that make the story less repeatable than it reads.
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