Customers lost over customers at the start of the window — the member that made direction a contract field, because churn is better lower and a shell that assumed otherwise would colour every improvement red. The meter's axis stays poor → perfect and the value maps the other way; judged against a 2.5% target and the SaaS median. The alt view is the retention staircase: a hundred customers after each of twelve months at this churn, with the same cohort at the target rate stated beside it.
Your Churn rate is 0.7 pts below SaaS median (3.1%)