COUP · Coupa Software Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $725.29M | $541.64M | $389.72M | $133.78M | $186.78M | $133.78M |
| Cost of Revenue | $313.24M | $221.70M | $139.22M | $46.27M | $59.91M | $46.27M |
| Gross Profit | $412.05M | $319.94M | $250.50M | $176.91M | $126.87M | $87.51M |
| R&D | $166.49M | $133.84M | $93.09M | $61.61M | $44.54M | $30.26M |
| SG&A | $161.87M | $116.34M | $75.62M | $57.01M | $38.58M | $24.11M |
| Total Operating Expenses | $656.14M | $486.50M | $323.93M | $224.27M | $171.84M | $122.93M |
| D&A | $146.39M | $72.11M | $28.55M | $10.44M | $7.56M | $4.58M |
| Operating Income | ($244.08M) | ($166.55M) | ($73.42M) | ($47.36M) | ($44.96M) | ($35.42M) |
| Interest Expense | $122.74M | $91.27M | $37.66M | $14.0K | - | - |
| Income Tax | ($2.60M) | ($64.39M) | ($10.94M) | ($537.0K) | $1.65M | $848.0K |
| Net Income | ($180.12M) | ($180.12M) | ($90.83M) | ($55.52M) | ($43.80M) | ($37.61M) |
| EPS - Basic | ($2.63) | - | - | - | - | - |
| EPS - Diluted | ($2.63) | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $506.46M | $323.28M | $268.05M | $141.25M | $412.90M | $15.84M |
| Accounts Receivable | $226.19M | $196.01M | $118.51M | $95.27M | $61.37M | $47.61M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $4.61M | $4.83M | $3.52M | $5.49M | $1.34M | $1.18M |
| Current Assets | $1.02B | $854.25M | $929.33M | $434.36M | $488.98M | $261.58M |
| Total Assets | $3.19B | $3.11B | $1.59B | $740.06M | $572.45M | $283.86M |
| Current Liabilities | $566.95M | $1.06B | $510.77M | $401.86M | $153.70M | $108.54M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.29B | $2.06B | $1.13B | $426.78M | $331.90M | $109.97M |
| Stockholders' Equity | $893.58M | $1.04B | $445.66M | $313.28M | $240.54M | ($47.62M) |
| Retained Earnings | ($894.91M) | ($525.81M) | ($345.69M) | ($254.86M) | ($204.48M) | ($160.48M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $168.09M | $78.20M | $68.16M | ($20.95M) | $19.77M | ($20.95M) |
| Investing Cash Flow | ($12.66M) | ($661.12M) | ($637.85M) | ($11.24M) | ($50.53M) | ($11.24M) |
| Financing Cash Flow | $27.54M | $641.79M | $696.65M | $141.57M | $241.94M | $141.57M |
| CapEx | $13.85M | $11.49M | $11.97M | $4.49M | $4.49M | $4.49M |
| Free Cash Flow | $154.24M | $66.71M | $56.19M | ($25.45M) | $15.28M | ($25.45M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 56.8% | 59.1% | 64.3% | 132.2% | 67.9% | 65.4% |
| Operating margin | -33.7% | -30.7% | -18.8% | -35.4% | -24.1% | -26.5% |
| EBITDA margin | -13.5% | -17.4% | -11.5% | -27.6% | -20.0% | -23.1% |
| Net margin | -24.8% | -33.3% | -23.3% | -41.5% | -23.5% | -28.1% |
| Free cash flow margin | 21.3% | 12.3% | 14.4% | -19.0% | 8.2% | -19.0% |
| FCF / Net income | -0.86 | -0.37 | -0.62 | 0.46 | -0.35 | 0.68 |
| R&D / Revenue | 23.0% | 24.7% | 23.9% | 46.1% | 23.8% | 22.6% |
| SG&A / Revenue | 22.3% | 21.5% | 19.4% | 42.6% | 20.7% | 18.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -5.6% | -5.8% | -5.7% | -7.5% | -7.7% | -13.2% |
| Return on equity | -20.2% | -17.3% | -20.4% | -17.7% | -18.2% | 79.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.79 | 0.80 | 1.82 | 1.08 | 3.18 | 2.41 |
| Quick ratio | 1.79 | 0.80 | 1.82 | 1.08 | 3.18 | 2.41 |
| Cash ratio | 0.89 | 0.30 | 0.52 | 0.35 | 2.69 | 0.15 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -2.0x | -1.8x | -1.9x | -3382.9x | - | - |
| Equity multiplier | 3.57 | 2.99 | 3.58 | 2.36 | 2.38 | -5.96 |
| Liabilities / Assets | 0.72 | 0.66 | 0.71 | 0.58 | 0.58 | 0.39 |
| Efficiency | ||||||
| Asset turnover | 0.23 | 0.17 | 0.24 | 0.18 | 0.33 | 0.47 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 114d | 132d | 111d | 260d | 120d | 130d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 5d | 8d | 9d | 43d | 8d | 9d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 33.9% | 39.0% | 191.3% | -28.4% | 39.6% | - |
| Revenue CAGR (3y) | 75.7% | 42.6% | 42.8% | - | - | - |
| Revenue CAGR (5y) | 40.2% | - | - | - | - | - |
| Gross profit growth (YoY) | 28.8% | 27.7% | 41.6% | 39.4% | 45.0% | - |
| Operating income growth (YoY) | -46.6% | -126.8% | -55.0% | -5.3% | -26.9% | - |
| Net income growth (YoY) | 0.0% | -98.3% | -63.6% | -26.8% | -16.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 131.2% | 18.7% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -14.1% | 133.4% | 42.3% | 30.2% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-31.
Product / service
$725.29M totalSubscription And Circulation$634.03M · 87.4%
Professional Services And Other$91.25M · 12.6%
Geographic
$725.29M totalUS$436.08M · 60.1%
Non Us$289.21M · 39.9%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.02
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Coupa Software Inc against the 5 most active filers in the same SIC group.