CVT · Cvent Holding Corp. - 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 |
|---|---|---|
| Revenue | $630.56M | $498.70M |
| Cost of Revenue | $247.85M | $176.25M |
| Gross Profit | $382.70M | $322.45M |
| R&D | $130.62M | $87.87M |
| SG&A | $102.54M | $80.56M |
| Total Operating Expenses | $458.76M | $350.66M |
| D&A | $122.14M | $127.72M |
| Operating Income | ($76.06M) | ($28.21M) |
| Interest Expense | $9.87M | $35.56M |
| Income Tax | $11.37M | $7.87M |
| Net Income | ($100.27M) | ($83.73M) |
| EPS - Basic | ($0.20) | - |
| EPS - Diluted | ($0.20) | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Cash & Equivalents | $99.11M | $126.53M |
| Accounts Receivable | $120.36M | $141.11M |
| Inventory | - | - |
| Accounts Payable | $2.15M | $4.08M |
| Current Assets | $305.71M | $285.19M |
| Total Assets | $2.27B | $2.31B |
| Current Liabilities | $401.73M | $358.62M |
| Long-term Debt | $208.00M | $262.30M |
| Total Liabilities | $655.07M | $676.62M |
| Stockholders' Equity | $1.61B | $1.24B |
| Retained Earnings | ($951.88M) | ($851.61M) |
Cash Flow
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Operating Cash Flow | $124.14M | $29.10M |
| Investing Cash Flow | ($106.26M) | ($42.57M) |
| Financing Cash Flow | ($39.85M) | $5.53M |
| CapEx | $6.89M | $2.08M |
| Free Cash Flow | $117.25M | $27.02M |
Ratios
| Metric | FY 2022 | FY 2021 |
|---|---|---|
| Profitability | ||
| Gross margin | 60.7% | 64.7% |
| Operating margin | -12.1% | -5.7% |
| EBITDA margin | 7.3% | 20.0% |
| Net margin | -15.9% | -16.8% |
| Free cash flow margin | 18.6% | 5.4% |
| FCF / Net income | -1.17 | -0.32 |
| R&D / Revenue | 20.7% | 17.6% |
| SG&A / Revenue | 16.3% | 16.2% |
| Effective tax rate | - | - |
| Return on assets | -4.4% | -3.6% |
| Return on equity | -6.2% | -6.8% |
| Return on invested capital | -3.3% | -1.5% |
| Liquidity | ||
| Current ratio | 0.76 | 0.80 |
| Quick ratio | 0.76 | 0.80 |
| Cash ratio | 0.25 | 0.35 |
| Leverage | ||
| Debt / Equity | 0.13 | 0.21 |
| Debt / Assets | 0.09 | 0.11 |
| Debt / EBITDA | 4.51 | 2.64 |
| Interest coverage | -7.7x | -0.8x |
| Equity multiplier | 1.41 | 1.87 |
| Liabilities / Assets | 0.29 | 0.29 |
| Efficiency | ||
| Asset turnover | 0.28 | 0.22 |
| Inventory turnover | - | - |
| Days sales outstanding | 70d | 103d |
| Days inventory outstanding | - | - |
| Days payable outstanding | 3d | 8d |
| Cash conversion cycle | - | - |
| Valuation | ||
| P / E | - | - |
| P / B | - | - |
| P / S | - | - |
| EV / EBITDA | - | - |
| Growth | ||
| Revenue growth (YoY) | 26.4% | - |
| Revenue CAGR (3y) | - | - |
| Revenue CAGR (5y) | - | - |
| Gross profit growth (YoY) | 18.7% | - |
| Operating income growth (YoY) | -169.6% | - |
| Net income growth (YoY) | -19.7% | - |
| EPS growth (YoY) | - | - |
| EPS CAGR (3y) | - | - |
| EPS CAGR (5y) | - | - |
| FCF growth (YoY) | 334.0% | - |
| FCF CAGR (5y) | - | - |
| Book value growth (YoY) | 30.4% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$518.81M totalEvent Cloud Subscription Based Solutions$362.07M · 69.8%
Hospitality Cloud Marketing And Subscription Based Solutions$156.74M · 30.2%
Geographic
$518.81M totalNorth America$450.02M · 86.7%
Outside North America$68.79M · 13.3%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.82
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
4/9
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 CVENT HOLDING CORP. against the 5 most active filers in the same SIC group.