21,000 independent pharmacy chains in the U.S.
$0 of venture investment in vertical SaaS for this segment before 2022
Median owner age 54 — succession crisis accelerates software adoption
Regulatory complexity creates 18-month data moat once integrated
Zero churn once billing automation module is live
ARR at Month 18 and Net Revenue Retention
| Metric | Value |
| CAC | $14,200 |
| LTV | $210,600 |
| LTV:CAC Ratio | 14.8x |
| Payback Period | 11 months |
| Gross Margin | 76% |
Annual Recurring Revenue, 2022–2026