PING · Ping Identity 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Revenue | $299.45M | $243.59M | $172.54M |
| Cost of Revenue | $94.88M | $68.21M | $35.84M |
| Gross Profit | $204.57M | $175.38M | $136.70M |
| R&D | $78.51M | $48.93M | $26.21M |
| SG&A | $71.58M | $47.20M | $20.20M |
| Total Operating Expenses | $283.59M | $202.04M | $112.42M |
| D&A | $44.38M | $37.27M | $29.15M |
| Operating Income | ($79.03M) | ($26.66M) | $24.28M |
| Interest Expense | $3.01M | $2.43M | $19.28M |
| Income Tax | ($18.95M) | ($14.26M) | ($13.19M) |
| Net Income | ($64.39M) | ($11.89M) | $18.96M |
| EPS - Basic | ($0.15) | - | $0.29 |
| EPS - Diluted | ($0.15) | - | $0.29 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Cash & Equivalents | $220.61M | $145.73M | $20.97M |
| Accounts Receivable | $82.97M | $82.33M | $67.64M |
| Inventory | - | - | - |
| Accounts Payable | $4.53M | $2.79M | $1.12M |
| Current Assets | $401.14M | $316.72M | $227.67M |
| Total Assets | $1.18B | $990.45M | $872.81M |
| Current Liabilities | $121.51M | $80.49M | $73.99M |
| Long-term Debt | $291.15M | $149.01M | $50.94M |
| Total Liabilities | $436.63M | $269.34M | $162.34M |
| Stockholders' Equity | $741.40M | $721.11M | $498.76M |
| Retained Earnings | ($83.79M) | ($19.39M) | ($7.66M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Operating Cash Flow | $41.66M | $22.38M | $3.42M |
| Investing Cash Flow | ($103.12M) | ($48.32M) | ($5.96M) |
| Financing Cash Flow | $135.50M | $103.01M | $101.0K |
| CapEx | $4.15M | $2.60M | $2.52M |
| Free Cash Flow | $37.50M | $19.78M | $904.0K |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 68.3% | 72.0% | 79.2% |
| Operating margin | -26.4% | -10.9% | 14.1% |
| EBITDA margin | -11.6% | 4.4% | 31.0% |
| Net margin | -21.5% | -4.9% | 11.0% |
| Free cash flow margin | 12.5% | 8.1% | 0.5% |
| FCF / Net income | -0.58 | -1.66 | 0.05 |
| R&D / Revenue | 26.2% | 20.1% | 15.2% |
| SG&A / Revenue | 23.9% | 19.4% | 11.7% |
| Effective tax rate | - | - | -228.3% |
| Return on assets | -5.5% | -1.2% | 2.2% |
| Return on equity | -8.7% | -1.6% | 3.8% |
| Return on invested capital | -6.0% | -2.4% | 4.4% |
| Liquidity | |||
| Current ratio | 3.30 | 3.94 | 3.08 |
| Quick ratio | 3.30 | 3.94 | 3.08 |
| Cash ratio | 1.82 | 1.81 | 0.28 |
| Leverage | |||
| Debt / Equity | 0.39 | 0.21 | 0.10 |
| Debt / Assets | 0.25 | 0.15 | 0.06 |
| Debt / EBITDA | - | 14.05 | 0.95 |
| Interest coverage | -26.3x | -11.0x | 1.3x |
| Equity multiplier | 1.59 | 1.37 | 1.75 |
| Liabilities / Assets | 0.37 | 0.27 | 0.19 |
| Efficiency | |||
| Asset turnover | 0.25 | 0.25 | 0.20 |
| Inventory turnover | - | - | - |
| Days sales outstanding | 101d | 123d | 143d |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | 17d | 15d | 11d |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 22.9% | 41.2% | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 16.6% | 28.3% | - |
| Operating income growth (YoY) | -196.4% | - | - |
| Net income growth (YoY) | -441.5% | - | - |
| EPS growth (YoY) | - | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | 89.6% | 2088.1% | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | 2.8% | 44.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$1.03B totalSubscription Saas And Support And Maintenance$279.29M · 27.1%
Subscription And Circulation$279.29M · 27.1%
Subscription Term Based Licenses$172.51M · 16.7%
Multi Year Subscription Term Based Licenses$110.04M · 10.7%
One Year Subscription Term Based Licenses$62.47M · 6.1%
Subscription Saas$57.62M · 5.6%
Maintenance And Support$49.16M · 4.8%
Technology Service$20.16M · 2.0%
Geographic
$299.45M totalUS$222.43M · 74.3%
Non Us$77.02M · 25.7%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.87
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 2021 · 9-point quality
3/9
Weak
- ✗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 Ping Identity Holding Corp. against the 5 most active filers in the same SIC group.