Identity Digital generates 60%+ EBITDA margins and 98% free cash flow conversion
Eric Brooks · Operator-Led Private Equity at Ethos - Erik Brooks (EP.504) · Jun 1, 2026 · at 48:59
Erik Brooks, co-founder of private equity firm Ethos Capital, details the financial profile and unit economics of portfolio company Identity Digital.
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“The business has EBITDA margins in the sixties, is growing top line double digit, has 98% free cash flow conversion, very much like Verisign, for example, almost a mirror image.”
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