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 | Q3 '23 | Q2 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $217.34M | $211.10M | $196.37M | $166.93M | $185.82M | $179.25M | - | $132.96M | $125.92M | $119.21M |
| Cost of Revenue | $87.72M | $83.31M | $80.83M | $79.73M | $77.62M | $79.22M | - | $50.79M | $48.44M | $42.84M |
| Gross Profit | $129.62M | $127.79M | $115.54M | $87.20M | $108.20M | $100.03M | - | $82.18M | $77.48M | $76.38M |
| R&D | $49.16M | $46.27M | $43.71M | $43.84M | $39.99M | $41.80M | - | $30.53M | $30.21M | $26.72M |
| SG&A | $46.25M | $41.94M | $42.14M | $39.38M | $40.51M | $36.25M | - | $32.09M | $28.70M | $9.14M |
| Total Operating Expenses | $207.00M | $191.42M | $186.80M | $161.06M | $164.28M | $154.33M | - | $115.82M | $109.41M | $82.00M |
| D&A | - | - | $36.24M | $36.54M | - | - | - | - | - | $10.50M |
| Operating Income | ($77.39M) | ($63.63M) | ($71.26M) | ($73.86M) | ($56.09M) | ($54.30M) | - | ($33.65M) | ($31.92M) | ($5.63M) |
| Interest Expense | $3.55M | $3.62M | $3.48M | $29.10M | $31.13M | $30.62M | - | $29.31M | $20.22M | $12.29M |
| Income Tax | $3.56M | $2.64M | $2.75M | ($2.07M) | ($476.0K) | ($155.0K) | - | ($1.41M) | ($4.27M) | $229.0K |
| Net Income | ($84.67M) | ($75.27M) | ($100.36M) | ($100.36M) | ($91.20M) | ($43.12M) | - | ($60.80M) | ($43.12M) | ($14.82M) |
| EPS - Basic | ($1.11) | ($0.99) | ($1.08) | - | ($1.23) | ($0.64) | - | - | - | - |
| EPS - Diluted | ($1.11) | ($0.99) | ($1.08) | - | ($1.23) | ($1.24) | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $521.60M | $527.96M | $493.89M | $506.46M | $458.19M | $432.01M | $323.28M | $1.25B | $905.61M | $295.81M |
| Accounts Receivable | $200.84M | $219.52M | $186.63M | $226.19M | $179.28M | $170.17M | $196.01M | $98.30M | $101.12M | $90.26M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $4.75M | $8.43M | $7.83M | $4.61M | $5.28M | $4.62M | $4.83M | $2.45M | $2.11M | $2.57M |
| Current Assets | $1.12B | $1.09B | $1.04B | $1.02B | $898.26M | $856.59M | $854.25M | $1.50B | $1.48B | $834.10M |
| Total Assets | $3.19B | $3.20B | $3.18B | $3.19B | $3.10B | $3.09B | $3.11B | $2.30B | $2.28B | $1.49B |
| Current Liabilities | $626.53M | $599.06M | $571.33M | $566.95M | $1.10B | $1.09B | $1.06B | $940.36M | $922.83M | $411.17M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.89B | $2.86B | $2.83B | $2.29B | $2.16B | $2.13B | $2.06B | $1.89B | $1.85B | $1.03B |
| Stockholders' Equity | $283.81M | $317.31M | $336.28M | $893.58M | $931.85M | $958.66M | $1.04B | $412.81M | $426.92M | $465.12M |
| Retained Earnings | ($949.03M) | ($844.92M) | ($774.32M) | ($894.91M) | ($800.95M) | ($712.91M) | ($525.81M) | ($464.42M) | ($403.62M) | ($360.50M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $49.74M | $32.08M | - | - | - | - | - | $15.41M |
| Investing Cash Flow | - | - | ($74.35M) | ($5.48M) | - | - | - | - | - | $83.36M |
| Financing Cash Flow | - | - | $12.78M | $12.52M | - | - | - | - | - | ($71.11M) |
| CapEx | - | - | $4.11M | $2.75M | - | - | - | - | - | $3.60M |
| Free Cash Flow | - | - | $45.63M | $29.33M | - | - | - | - | - | $11.81M |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 59.6% | 60.5% | 58.8% | 52.2% | 58.2% | 55.8% | - | 61.8% | 61.5% | 64.1% |
| Operating margin | -35.6% | -30.1% | -36.3% | -44.2% | -30.2% | -30.3% | - | -25.3% | -25.4% | -4.7% |
| EBITDA margin | - | - | -17.8% | -22.4% | - | - | - | - | - | 4.1% |
| Net margin | -39.0% | -35.7% | -51.1% | -60.1% | -49.1% | -24.1% | - | -45.7% | -34.2% | -12.4% |
| Free cash flow margin | - | - | 23.2% | 17.6% | - | - | - | - | - | 9.9% |
| FCF / Net income | - | - | -0.45 | -0.29 | - | - | - | - | - | -0.80 |
| R&D / Revenue | 22.6% | 21.9% | 22.3% | 26.3% | 21.5% | 23.3% | - | 23.0% | 24.0% | 22.4% |
| SG&A / Revenue | 21.3% | 19.9% | 21.5% | 23.6% | 21.8% | 20.2% | - | 24.1% | 22.8% | 7.7% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.7% | -2.4% | -3.2% | -3.1% | -2.9% | -1.4% | - | -2.6% | -1.9% | -1.0% |
| Return on equity | -29.8% | -23.7% | -29.8% | -11.2% | -9.8% | -4.5% | - | -14.7% | -10.1% | -3.2% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.78 | 1.82 | 1.81 | 1.79 | 0.82 | 0.79 | 0.80 | 1.59 | 1.61 | 2.03 |
| Quick ratio | 1.78 | 1.82 | 1.81 | 1.79 | 0.82 | 0.79 | 0.80 | 1.59 | 1.61 | 2.03 |
| Cash ratio | 0.83 | 0.88 | 0.86 | 0.89 | 0.42 | 0.40 | 0.30 | 1.33 | 0.98 | 0.72 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -21.8x | -17.6x | -20.5x | -2.5x | -1.8x | -1.8x | - | -1.1x | -1.6x | -0.5x |
| Equity multiplier | 11.25 | 10.07 | 9.44 | 3.57 | 3.33 | 3.23 | 2.99 | 5.57 | 5.34 | 3.21 |
| Liabilities / Assets | 0.91 | 0.89 | 0.89 | 0.72 | 0.70 | 0.69 | 0.66 | 0.82 | 0.81 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | 0.07 | 0.06 | 0.05 | 0.06 | 0.06 | - | 0.06 | 0.06 | 0.08 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 337d | 380d | 347d | 495d | 352d | 347d | - | 270d | 293d | 276d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 20d | 37d | 35d | 21d | 25d | 21d | - | 18d | 16d | 22d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 17.0% | 17.8% | 17.6% | - | 39.7% | - | - | 30.6% | 182.6% | 111.6% |
| Revenue CAGR (3y) | 28.8% | 18.8% | 18.1% | 43.6% | 57.7% | 59.0% | - | 41.1% | - | - |
| Revenue CAGR (5y) | 35.6% | 46.6% | 46.4% | - | 39.3% | - | - | - | - | - |
| Gross profit growth (YoY) | 19.8% | 27.8% | 32.5% | - | 31.7% | - | - | 27.4% | 80.1% | 99.8% |
| Operating income growth (YoY) | -38.0% | -17.2% | 3.5% | - | -66.7% | - | - | -98.6% | -200.5% | 53.4% |
| Net income growth (YoY) | 7.2% | -74.6% | 0.0% | - | -50.0% | - | - | -131.0% | -211.2% | 4.1% |
| EPS growth (YoY) | 9.8% | 20.2% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 55.6% | - | - | - | - | - | - | 102.9% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -69.5% | -66.9% | -62.4% | -14.1% | 125.7% | - | 123.6% | -10.2% | 69.0% | 48.5% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Coupa Software Inc against the 5 most active filers in the same SIC group.