Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 140

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 140
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 expansion and net of any contraction or churn over the past 12 months but excluding ARR from new OwlNestSubscribers gained during the past 12 months.Both OwlNest’s Dollar-Based Net Retention Rate as of December 31, 2023 and 2024 exceeded 100%, highlighting OwlNest’s strong customer retention and its capability to effectively address growing customer needs. OwlNest’s Dollar-Based Net Retention Rate as of December 31, 2024 increased to 107.7% from 102.4% as of December 31, 2023, primarily driven by the adjustment of subscription fee in 2024 and increased adoption of upgraded features enabled by our ongoing system enhancements.

|                                           |     | As of December 31, |       |   |     |      |       |   |
|                                           |     |               2023 |       |   |     | 2024 |       |   |
| OwlNest’s Dollar-Based Net Retention Rate |     |                    | 102.4 | % |     |      | 107.7 | % |

OwlNest Subscribers The number of OwlNestSubscribers is defined as the total number of paid customers for OwlNestsubscription at the end of a specified period. We treat each customer account that has a corresponding contract as a unique OwlNestSubscriber, and a single organization with multiple branches may be counted as multiple OwlNestSubscribers. The number of OwlNestSubscribers increased from 2,343 as of December 31, 2023, to 2,587 as of December 31, 2024 primarily due to the growth of OwlNest’s product visibility, which enhanced our ability to onboard new customers.

|                     |     | As of December 31, |       |     |      |       |     | YoY    
 Growth |      |   |
|                     |     |               2023 |       |     | 2024 |       |     |        |      |   |
| OwlNest Subscribers |     |                    | 2,343 |     |      | 2,587 |     |        | 10.4 | % |

Our key metrics are calculated using internal company data based on the activity we measure on our platforms and compiled from multiple systems, including systems that are internally developed or acquired through business combinations. While the measurement of our key metrics is based on what we believe to be reasonable methodologies and estimates, there are