Charts reveal the software companies that rely most on stock-based compensation

Alex Albon of the Atlassian Williams Racing Formula 1 Team.

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• Stock-based compensation at software firms now faces more scrutiny.
• Charts reveal which companies have high stock-based compensation as a percentage of revenue.
• Valuations can swing wildly when stock-based compensation is included.

Stock-based compensation, long a defining feature of the software industry, faces renewed scrutiny as investors reassess the sector...