Revenue that returns on its own — subscriptions, maintenance contracts, consumables. The opposite is the one-off sale that must be won again every year.
MoatLens tip: Such revenue is worth more than the same amount earned once, because it can be planned. In January the company already knows roughly what the year will bring, and can invest more calmly. For an investor that means fewer nasty surprises. It is a good sign when a company discloses this share at all — those who stay silent about it often have little of it.
In MoatLens this explanation sits right next to the number — one tap away. And you see the ten-year trend instead of a single value.
