Finance newsletter earnings, ranked by estimated MRR
Public revenue estimates for tracked finance newsletters.
| Rank | Publication | MRR | ARR | YoY |
|---|
Public revenue estimates for tracked finance newsletters.
| Rank | Publication | MRR | ARR | YoY |
|---|

Tracked Publication
Varghese’s Substack is a Substack about researching businesses and growth opportunities.
Earnings Estimates (Gross MRR)
Subscriber Composition
Revenue Estimates (Gross MRR)
$264.9Range $132.5 – $397.4
Free Subscribers
1KPaid Subscribers (est.)
30Post Activity
15 posts/moMedian Engagement per Post
Reactions
3
over 61 posts
Comments
0
over 61 posts
Restacks
0
over 61 posts
Paid Plans
Included in all plans
Recent Posts
Acquisitions, capacity expansion and export growth are reshaping this pharmaceutical manufacturer—but cash flow and execution remain important areas to watch
Strong consolidated growth, a major overseas contract and an AI-focused business—but receivables, acquisitions, minority interests and cash flow require a closer look
Revenue doubled in FY26, debt is almost negligible and the order book remains healthy—but the valuation is no longer cheap.
Order book now more than three times its market capitalisation