MIME · Mimecast Ltd - 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 '22 | Q2 '22 | Q1 '22 | Q1 '21 | Q3 '21 | Q2 '21 | Q1 '20 | Q3 '20 | Q2 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $151.60M | $147.23M | $142.55M | $115.18M | $129.64M | $122.69M | $99.23M | $110.16M | $103.36M | $82.17M |
| Cost of Revenue | $34.41M | $33.48M | $33.55M | $28.47M | $31.57M | $29.74M | $25.47M | $28.45M | $26.13M | $21.94M |
| Gross Profit | $117.19M | $113.76M | $109.00M | $86.71M | $98.06M | $92.95M | $73.76M | $81.70M | $77.22M | $60.23M |
| R&D | $26.30M | $25.23M | $31.49M | $22.80M | $25.41M | $22.29M | $19.39M | $20.80M | $19.32M | $14.16M |
| SG&A | $24.20M | $18.25M | $17.92M | $17.17M | $16.65M | $16.58M | $15.45M | $16.52M | $16.76M | $12.45M |
| Total Operating Expenses | $100.24M | $92.26M | $97.67M | $84.01M | $87.24M | $82.86M | $78.20M | $80.07M | $61.14M | $61.14M |
| D&A | - | - | $9.88M | $8.85M | - | - | $7.44M | - | - | - |
| Operating Income | $16.95M | $21.50M | $11.33M | $2.69M | $10.82M | $10.09M | ($4.44M) | $1.63M | ($18.0K) | ($909.0K) |
| Interest Expense | $465.0K | $534.0K | $536.0K | $883.0K | $578.0K | $790.0K | $1.28M | $1.11M | $1.20M | $1.57M |
| Income Tax | $1.71M | $2.81M | $365.0K | $613.0K | $1.16M | $582.0K | $230.0K | $951.0K | $118.0K | $622.0K |
| Net Income | $13.82M | $17.58M | $10.07M | $3.14M | $10.79M | $10.05M | ($4.01M) | $206.0K | ($921.0K) | ($2.06M) |
| EPS - Basic | $0.21 | $0.27 | $0.15 | $0.05 | $0.17 | $0.16 | - | $0.00 | - | - |
| EPS - Diluted | $0.20 | $0.26 | $0.15 | $0.05 | $0.16 | $0.15 | - | $0.00 | - | - |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q1 '21 | Q3 '21 | Q2 '21 | Q1 '20 | Q3 '20 | Q2 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $416.17M | $366.65M | $338.43M | $292.95M | $270.90M | $230.71M | $173.96M | $189.86M | $191.17M | $118.88M |
| Accounts Receivable | $120.07M | $102.75M | $101.22M | $114.28M | $97.64M | $81.14M | $97.66M | $80.17M | $70.17M | $59.97M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.09M | $7.37M | $12.58M | $10.49M | $10.69M | $10.17M | $14.91M | $12.75M | $12.57M | $7.24M |
| Current Assets | $575.64M | $510.19M | $478.38M | $443.43M | $402.51M | $344.64M | $298.89M | $294.86M | $296.80M | $222.88M |
| Total Assets | $1.06B | $985.39M | $965.79M | $934.71M | $904.89M | $824.80M | $729.83M | $714.63M | $678.72M | $510.79M |
| Current Liabilities | $364.37M | $336.55M | $337.07M | $345.77M | $321.50M | $290.82M | $288.68M | $269.32M | $252.42M | $173.66M |
| Long-term Debt | $69.87M | $72.30M | $92.24M | $94.67M | $97.10M | $99.53M | $86.26M | $88.06M | $89.86M | $95.15M |
| Total Liabilities | $551.00M | $525.93M | $557.10M | $573.84M | $558.97M | $530.55M | $497.78M | $489.98M | $476.10M | $366.04M |
| Stockholders' Equity | $507.88M | $459.46M | $408.68M | $360.87M | $345.92M | $294.25M | $232.06M | $224.65M | $202.62M | $144.75M |
| Retained Earnings | ($12.44M) | ($26.26M) | ($43.84M) | ($53.91M) | ($59.68M) | ($70.47M) | ($83.66M) | ($86.19M) | ($86.39M) | $29.90M |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q1 '21 | Q3 '21 | Q2 '21 | Q1 '20 | Q3 '20 | Q2 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $40.70M | $29.30M | - | - | $28.52M | - | - | - |
| Investing Cash Flow | - | - | ($9.10M) | ($10.77M) | - | - | $1.81M | - | - | - |
| Financing Cash Flow | - | - | $12.61M | $3.96M | - | - | $6.94M | - | - | - |
| CapEx | - | - | $9.10M | $10.77M | - | - | $9.16M | - | - | - |
| Free Cash Flow | - | - | $31.61M | $18.53M | - | - | $19.36M | - | - | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q1 '21 | Q3 '21 | Q2 '21 | Q1 '20 | Q3 '20 | Q2 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 77.3% | 77.3% | 76.5% | 75.3% | 75.6% | 75.8% | 74.3% | 74.2% | 74.7% | 73.3% |
| Operating margin | 11.2% | 14.6% | 7.9% | 2.3% | 8.3% | 8.2% | -4.5% | 1.5% | -0.0% | -1.1% |
| EBITDA margin | - | - | 14.9% | 10.0% | - | - | 3.0% | - | - | - |
| Net margin | 9.1% | 11.9% | 7.1% | 2.7% | 8.3% | 8.2% | -4.0% | 0.2% | -0.9% | -2.5% |
| Free cash flow margin | - | - | 22.2% | 16.1% | - | - | 19.5% | - | - | - |
| FCF / Net income | - | - | 3.14 | 5.91 | - | - | -4.83 | - | - | - |
| R&D / Revenue | 17.4% | 17.1% | 22.1% | 19.8% | 19.6% | 18.2% | 19.5% | 18.9% | 18.7% | 17.2% |
| SG&A / Revenue | 16.0% | 12.4% | 12.6% | 14.9% | 12.8% | 13.5% | 15.6% | 15.0% | 16.2% | 15.1% |
| Effective tax rate | 11.0% | 13.8% | 3.5% | 16.3% | 9.7% | 5.5% | - | 82.2% | - | - |
| Return on assets | 1.3% | 1.8% | 1.0% | 0.3% | 1.2% | 1.2% | -0.5% | 0.0% | -0.1% | -0.4% |
| Return on equity | 2.7% | 3.8% | 2.5% | 0.9% | 3.1% | 3.4% | -1.7% | 0.1% | -0.5% | -1.4% |
| Return on invested capital | 2.6% | 3.5% | 2.2% | 0.5% | 2.2% | 2.4% | -1.1% | 0.3% | -0.0% | -0.3% |
| Liquidity | ||||||||||
| Current ratio | 1.58 | 1.52 | 1.42 | 1.28 | 1.25 | 1.19 | 1.04 | 1.09 | 1.18 | 1.28 |
| Quick ratio | 1.58 | 1.52 | 1.42 | 1.28 | 1.25 | 1.19 | 1.04 | 1.09 | 1.18 | 1.28 |
| Cash ratio | 1.14 | 1.09 | 1.00 | 0.85 | 0.84 | 0.79 | 0.60 | 0.70 | 0.76 | 0.68 |
| Leverage | ||||||||||
| Debt / Equity | 0.14 | 0.16 | 0.23 | 0.26 | 0.28 | 0.34 | 0.37 | 0.39 | 0.44 | 0.66 |
| Debt / Assets | 0.07 | 0.07 | 0.10 | 0.10 | 0.11 | 0.12 | 0.12 | 0.12 | 0.13 | 0.19 |
| Debt / EBITDA | - | - | 4.35 | 8.20 | - | - | 28.71 | - | - | - |
| Interest coverage | 36.4x | 40.3x | 21.1x | 3.1x | 18.7x | 12.8x | -3.5x | 1.5x | -0.0x | -0.6x |
| Equity multiplier | 2.08 | 2.14 | 2.36 | 2.59 | 2.62 | 2.80 | 3.15 | 3.18 | 3.35 | 3.53 |
| Liabilities / Assets | 0.52 | 0.53 | 0.58 | 0.61 | 0.62 | 0.64 | 0.68 | 0.69 | 0.70 | 0.72 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | 0.15 | 0.15 | 0.12 | 0.14 | 0.15 | 0.14 | 0.15 | 0.15 | 0.16 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 289d | 255d | 259d | 362d | 275d | 241d | 359d | 266d | 248d | 266d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 75d | 80d | 137d | 134d | 124d | 125d | 214d | 164d | 176d | 120d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.9% | 20.0% | 23.8% | 16.1% | 17.7% | 18.7% | 70.6% | 63.8% | 25.8% | 30.3% |
| Revenue CAGR (3y) | 31.1% | 21.5% | 34.8% | 25.6% | 24.4% | 24.8% | 33.8% | 31.6% | 32.6% | - |
| Revenue CAGR (5y) | 25.7% | 27.1% | 28.0% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 19.5% | 22.4% | 25.7% | 17.5% | 20.0% | 20.4% | 28.4% | 27.0% | 28.2% | 29.5% |
| Operating income growth (YoY) | 56.6% | 113.1% | 320.5% | - | 564.2% | - | -112.4% | 3.6% | 98.0% | -78.9% |
| Net income growth (YoY) | 28.1% | 75.0% | 221.0% | - | 5137.4% | - | -15.5% | -55.0% | 55.2% | -53.7% |
| EPS growth (YoY) | 25.0% | 73.3% | 200.0% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | 171.4% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | 91.9% | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 70.5% | -4.3% | - | - | 376.6% | - | - | - |
| FCF CAGR (5y) | - | - | 53.4% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 46.8% | 56.1% | 13.2% | 55.5% | 54.0% | 45.2% | 33.6% | 47.0% | 40.0% | 59.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-03-31.
Geographic
$501.40M totalUS$256.98M · 51.3%
GB$143.98M · 28.7%
ZA$51.60M · 10.3%
Other Geographical Areas$48.84M · 9.7%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Mimecast Ltd against the 5 most active filers in the same SIC group.