The two company examples that I think fit this best are Axon Enterprises and Magnite.
Axon Enterprises, Evidence.com is growing > 40% and has a recurring revenue component similar to Saas companies.
With Magnite prior to the merger of Rubicon project and Telaria, Telaria’s CTV revenue was growing > 100% granted from a small base.
It may be a way to find hidden value if the overall thesis for the company is that this revenue segment will continue to grow to the main source of revenue for the company in the future. This strategy is different than Saul’s approach of finding the best companies that are executing flawlessly.