SUMO · Sumo Logic, 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 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Revenue | $300.67M | $242.13M | $202.64M |
| Cost of Revenue | $97.55M | $78.31M | $56.49M |
| Gross Profit | $203.12M | $163.82M | $146.15M |
| R&D | $104.95M | $94.65M | $70.21M |
| SG&A | $71.65M | $59.13M | $44.41M |
| Total Operating Expenses | $329.98M | $285.09M | $223.80M |
| D&A | $2.60M | $2.00M | $1.50M |
| Operating Income | ($126.86M) | ($121.28M) | ($77.66M) |
| Interest Expense | $173.0K | $174.0K | $703.0K |
| Income Tax | $2.81M | $1.93M | $1.52M |
| Net Income | ($124.81M) | ($123.36M) | ($80.30M) |
| EPS - Basic | ($1.06) | ($1.65) | - |
| EPS - Diluted | ($1.06) | ($1.65) | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Cash & Equivalents | $76.50M | $79.99M | $65.63M |
| Accounts Receivable | $58.37M | $49.45M | $44.76M |
| Inventory | - | - | - |
| Accounts Payable | $17.28M | $7.75M | $4.83M |
| Current Assets | $391.81M | $369.85M | $475.31M |
| Total Assets | $579.10M | $602.13M | $570.51M |
| Current Liabilities | $196.20M | $169.13M | $130.77M |
| Long-term Debt | - | - | - |
| Total Liabilities | $203.99M | $183.16M | $139.09M |
| Stockholders' Equity | $375.11M | $418.97M | ($163.03M) |
| Retained Earnings | ($645.97M) | ($521.16M) | ($397.79M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Operating Cash Flow | ($27.36M) | ($30.49M) | ($47.18M) |
| Investing Cash Flow | $6.27M | ($323.26M) | ($2.34M) |
| Financing Cash Flow | $18.70M | $30.21M | $351.99M |
| CapEx | $386.0K | $2.26M | $1.14M |
| Free Cash Flow | ($27.74M) | ($32.75M) | ($48.32M) |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 67.6% | 67.7% | 72.1% |
| Operating margin | -42.2% | -50.1% | -38.3% |
| EBITDA margin | -41.3% | -49.3% | -37.6% |
| Net margin | -41.5% | -51.0% | -39.6% |
| Free cash flow margin | -9.2% | -13.5% | -23.8% |
| FCF / Net income | 0.22 | 0.27 | 0.60 |
| R&D / Revenue | 34.9% | 39.1% | 34.6% |
| SG&A / Revenue | 23.8% | 24.4% | 21.9% |
| Effective tax rate | - | - | - |
| Return on assets | -21.6% | -20.5% | -14.1% |
| Return on equity | -33.3% | -29.4% | 49.3% |
| Return on invested capital | - | - | - |
| Liquidity | |||
| Current ratio | 2.00 | 2.19 | 3.63 |
| Quick ratio | 2.00 | 2.19 | 3.63 |
| Cash ratio | 0.39 | 0.47 | 0.50 |
| Leverage | |||
| Debt / Equity | - | - | - |
| Debt / Assets | - | - | - |
| Debt / EBITDA | - | - | - |
| Interest coverage | -733.3x | -697.0x | -110.5x |
| Equity multiplier | 1.54 | 1.44 | -3.50 |
| Liabilities / Assets | 0.35 | 0.30 | 0.24 |
| Efficiency | |||
| Asset turnover | 0.52 | 0.40 | 0.36 |
| Inventory turnover | - | - | - |
| Days sales outstanding | 71d | 75d | 81d |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | 65d | 36d | 31d |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 24.2% | 19.5% | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 24.0% | 12.1% | - |
| Operating income growth (YoY) | -4.6% | -56.2% | - |
| Net income growth (YoY) | -1.2% | -53.6% | - |
| EPS growth (YoY) | 35.8% | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | 15.3% | 32.2% | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -10.5% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-31.
Geographic
$242.13M totalUS$197.83M · 81.7%
Non Us$44.29M · 18.3%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-0.09
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 2023 · 9-point quality
2/9
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 Sumo Logic against the 5 most active filers in the same SIC group.