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 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.03M | $84.69M | - | $76.18M | $78.90M | $68.94M | - | $59.94M | $62.46M | $61.41M |
| Cost of Revenue | $29.81M | $28.66M | - | $24.49M | $22.40M | $20.81M | - | $17.35M | $13.28M | $15.72M |
| Gross Profit | $42.22M | $56.03M | - | $51.69M | $56.50M | $48.14M | - | $42.59M | $49.18M | $45.69M |
| R&D | $22.09M | $20.47M | - | $18.48M | $18.69M | $21.70M | - | $12.22M | $10.86M | $12.21M |
| SG&A | $19.88M | $16.23M | - | $17.28M | $19.55M | $14.46M | - | $10.70M | $11.73M | $11.39M |
| Total Operating Expenses | $83.13M | $72.03M | - | $70.47M | $71.65M | $66.07M | - | $48.31M | $43.70M | $50.04M |
| D&A | $4.45M | $12.90M | - | $4.34M | $4.33M | $10.17M | - | $4.22M | $4.23M | $8.85M |
| Operating Income | ($40.91M) | ($16.00M) | - | ($18.78M) | ($15.15M) | ($17.93M) | - | ($5.72M) | $5.48M | ($4.35M) |
| Interest Expense | $3.88M | $3.64M | - | $490.0K | $310.0K | $396.0K | - | $605.0K | $4.13M | $506.0K |
| Income Tax | $193.0K | ($181.0K) | - | ($8.62M) | ($4.05M) | ($3.27M) | - | ($4.06M) | ($2.93M) | ($1.94M) |
| Net Income | ($47.85M) | ($20.26M) | - | ($11.45M) | ($10.98M) | ($15.93M) | - | ($996.0K) | $1.76M | ($4.17M) |
| EPS - Basic | ($0.56) | ($0.20) | - | ($0.01) | - | - | - | - | $0.03 | - |
| EPS - Diluted | ($0.13) | ($0.24) | - | ($0.14) | - | - | - | - | $0.03 | - |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $210.30M | $213.29M | $220.61M | $51.02M | $104.34M | $55.00M | $145.73M | $173.21M | $177.10M | $169.02M |
| Accounts Receivable | $78.33M | $74.27M | $82.97M | $62.19M | $64.72M | $65.70M | $82.33M | $49.66M | $58.73M | $54.46M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $4.92M | $9.66M | $4.53M | $1.72M | $2.94M | $571.0K | $2.79M | $748.0K | $5.04M | $3.86M |
| Current Assets | $369.93M | $382.99M | $401.14M | $210.75M | $256.03M | $206.18M | $316.72M | $317.18M | $318.99M | $307.35M |
| Total Assets | $1.13B | $1.15B | $1.18B | $984.42M | $955.11M | $872.13M | $990.45M | $965.57M | $971.76M | $967.81M |
| Current Liabilities | $122.88M | $112.98M | $121.51M | $81.67M | $78.37M | $71.60M | $80.49M | $57.42M | $64.83M | $63.29M |
| Long-term Debt | $290.21M | $290.68M | $291.15M | $119.20M | $119.14M | $39.08M | $149.01M | $148.95M | $148.89M | $148.83M |
| Total Liabilities | $430.66M | $421.81M | $436.63M | $227.58M | $228.18M | $146.11M | $269.34M | $248.02M | $257.88M | $259.79M |
| Stockholders' Equity | $701.39M | $731.31M | $741.40M | $756.84M | $726.94M | $726.02M | $721.11M | $717.55M | $713.88M | $505.50M |
| Retained Earnings | ($151.89M) | ($104.04M) | ($83.79M) | ($57.76M) | ($46.31M) | ($35.33M) | ($19.39M) | ($15.73M) | ($14.74M) | ($11.82M) |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($3.28M) | - | - | - | $24.09M | - | - | - | $13.48M |
| Investing Cash Flow | - | ($5.72M) | - | - | - | ($4.93M) | - | - | - | ($9.10M) |
| Financing Cash Flow | - | $1.01M | - | - | - | ($109.79M) | - | - | - | $97.63M |
| CapEx | - | $809.0K | - | - | - | $953.0K | - | - | - | $1.09M |
| Free Cash Flow | - | ($4.09M) | - | - | - | $23.13M | - | - | - | $12.39M |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 58.6% | 66.2% | - | 67.9% | 71.6% | 69.8% | - | 71.1% | 78.7% | 74.4% |
| Operating margin | -56.8% | -18.9% | - | -24.7% | -19.2% | -26.0% | - | -9.5% | 8.8% | -7.1% |
| EBITDA margin | -50.6% | -3.7% | - | -19.0% | -13.7% | -11.3% | - | -2.5% | 15.5% | 7.3% |
| Net margin | -66.4% | -23.9% | - | -15.0% | -13.9% | -23.1% | - | -1.7% | 2.8% | -6.8% |
| Free cash flow margin | - | -4.8% | - | - | - | 33.6% | - | - | - | 20.2% |
| FCF / Net income | - | 0.20 | - | - | - | -1.45 | - | - | - | -2.97 |
| R&D / Revenue | 30.7% | 24.2% | - | 24.3% | 23.7% | 31.5% | - | 20.4% | 17.4% | 19.9% |
| SG&A / Revenue | 27.6% | 19.2% | - | 22.7% | 24.8% | 21.0% | - | 17.9% | 18.8% | 18.5% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.2% | -1.8% | - | -1.2% | -1.1% | -1.8% | - | -0.1% | 0.2% | -0.4% |
| Return on equity | -6.8% | -2.8% | - | -1.5% | -1.5% | -2.2% | - | -0.1% | 0.2% | -0.8% |
| Return on invested capital | -3.3% | -1.2% | - | -1.7% | -1.4% | -1.9% | - | -0.5% | 0.5% | -0.5% |
| Liquidity | ||||||||||
| Current ratio | 3.01 | 3.39 | 3.30 | 2.58 | 3.27 | 2.88 | 3.94 | 5.52 | 4.92 | 4.86 |
| Quick ratio | 3.01 | 3.39 | 3.30 | 2.58 | 3.27 | 2.88 | 3.94 | 5.52 | 4.92 | 4.86 |
| Cash ratio | 1.71 | 1.89 | 1.82 | 0.62 | 1.33 | 0.77 | 1.81 | 3.02 | 2.73 | 2.67 |
| Leverage | ||||||||||
| Debt / Equity | 0.41 | 0.40 | 0.39 | 0.16 | 0.16 | 0.05 | 0.21 | 0.21 | 0.21 | 0.29 |
| Debt / Assets | 0.26 | 0.25 | 0.25 | 0.12 | 0.12 | 0.04 | 0.15 | 0.15 | 0.15 | 0.15 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 15.33 | 33.09 |
| Interest coverage | -10.5x | -4.4x | - | -38.3x | -48.9x | -45.3x | - | -9.5x | 1.3x | -8.6x |
| Equity multiplier | 1.61 | 1.58 | 1.59 | 1.30 | 1.31 | 1.20 | 1.37 | 1.35 | 1.36 | 1.91 |
| Liabilities / Assets | 0.38 | 0.37 | 0.37 | 0.23 | 0.24 | 0.17 | 0.27 | 0.26 | 0.27 | 0.27 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.07 | - | 0.08 | 0.08 | 0.08 | - | 0.06 | 0.06 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 397d | 320d | - | 298d | 299d | 348d | - | 302d | 343d | 324d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 60d | 123d | - | 26d | 48d | 10d | - | 16d | 138d | 90d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.7% | 22.8% | - | 27.1% | 26.3% | 12.3% | - | -3.0% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -25.3% | 16.4% | - | 21.4% | 14.9% | 5.4% | - | 36.5% | - | - |
| Operating income growth (YoY) | -170.1% | 10.8% | - | -228.1% | - | -311.9% | - | - | - | - |
| Net income growth (YoY) | -335.8% | -27.1% | - | -1049.7% | - | -282.5% | - | 82.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 86.7% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.5% | 0.7% | 2.8% | 5.5% | 1.8% | 43.6% | 1.5% | 37.8% | - | - |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Ping Identity Holding Corp. against the 5 most active filers in the same SIC group.