ZVO · Zovio 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 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.55M | $51.38M | $61.63M | - | $62.23M | $69.19M | $76.86M | - | $102.17M | $103.94M |
| Cost of Revenue | - | - | - | - | - | - | - | - | $44.93M | $44.87M |
| Gross Profit | - | - | - | - | - | - | - | - | $57.24M | $59.07M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.54M | $7.84M | $7.12M | - | $9.01M | $8.38M | $15.90M | - | $14.78M | $14.50M |
| Total Operating Expenses | $26.27M | $52.22M | $86.20M | - | $67.32M | $73.67M | $108.37M | - | $101.51M | $98.66M |
| D&A | $547.0K | $1.88M | $2.03M | - | $2.04M | $2.90M | $2.29M | - | $1.50M | $1.60M |
| Operating Income | ($3.72M) | ($841.0K) | ($7.23M) | - | ($5.09M) | ($4.49M) | ($9.34M) | - | $654.0K | $5.29M |
| Interest Expense | - | - | - | - | $3.10M | $3.10M | - | - | - | - |
| Income Tax | $30.0K | $8.0K | $78.0K | - | $59.0K | ($224.0K) | $83.0K | - | ($428.0K) | $299.0K |
| Net Income | ($3.46M) | ($4.67M) | ($7.44M) | - | ($5.22M) | ($4.03M) | ($9.49M) | - | $1.12M | $5.15M |
| EPS - Basic | ($0.10) | ($0.14) | ($0.22) | - | ($0.16) | ($0.12) | ($0.29) | - | $0.03 | $0.16 |
| EPS - Diluted | ($0.10) | ($0.14) | ($0.22) | - | ($0.16) | ($0.12) | ($0.29) | - | $0.03 | $0.16 |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.09M | $20.81M | $33.70M | $28.27M | $31.61M | $23.98M | $35.05M | $35.46M | $86.63M | $75.07M |
| Accounts Receivable | $5.36M | $4.95M | $6.60M | $9.63M | $8.54M | $7.92M | $6.83M | $7.20M | $39.71M | $42.24M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $14.91M | $40.70M | $64.53M | $61.58M | $66.84M | $59.89M | $78.67M | $76.83M | $174.45M | $164.53M |
| Total Assets | $58.56M | $85.43M | $148.75M | $149.03M | $157.78M | $153.90M | $160.05M | $161.31M | $271.08M | $264.12M |
| Current Liabilities | $34.55M | $42.93M | $100.68M | $89.71M | $70.96M | $62.02M | $77.11M | $70.78M | $127.40M | $120.62M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $55.55M | $78.83M | $137.48M | $129.03M | $114.91M | $106.79M | $109.14M | $102.09M | $156.83M | $152.12M |
| Stockholders' Equity | $3.01M | $6.61M | $11.27M | $20.01M | $42.86M | $47.11M | $50.91M | $59.22M | $114.25M | $112.00M |
| Retained Earnings | $268.40M | $271.86M | $276.53M | $283.97M | $307.57M | $312.79M | $316.83M | $326.32M | $383.56M | $382.44M |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $2.61M | - | - | - | $776.0K | - | - | - |
| Investing Cash Flow | - | - | ($245.0K) | - | - | - | ($110.0K) | - | - | - |
| Financing Cash Flow | - | - | ($133.0K) | - | - | - | ($1.08M) | - | - | - |
| CapEx | - | - | $24.0K | - | - | - | $184.0K | - | - | - |
| Free Cash Flow | - | - | $2.58M | - | - | - | $592.0K | - | - | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | 56.0% | 56.8% |
| Operating margin | -16.5% | -1.6% | -11.7% | - | -8.2% | -6.5% | -12.1% | - | 0.6% | 5.1% |
| EBITDA margin | -14.1% | 2.0% | -8.4% | - | -4.9% | -2.3% | -9.2% | - | 2.1% | 6.6% |
| Net margin | -15.3% | -9.1% | -12.1% | - | -8.4% | -5.8% | -12.4% | - | 1.1% | 5.0% |
| Free cash flow margin | - | - | 4.2% | - | - | - | 0.8% | - | - | - |
| FCF / Net income | - | - | -0.35 | - | - | - | -0.06 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 24.6% | 15.3% | 11.6% | - | 14.5% | 12.1% | 20.7% | - | 14.5% | 13.9% |
| Effective tax rate | - | - | - | - | - | - | - | - | -61.8% | 5.5% |
| Return on assets | -5.9% | -5.5% | -5.0% | - | -3.3% | -2.6% | -5.9% | - | 0.4% | 1.9% |
| Return on equity | -114.8% | -70.7% | -66.0% | - | -12.2% | -8.6% | -18.6% | - | 1.0% | 4.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.43 | 0.95 | 0.64 | 0.69 | 0.94 | 0.97 | 1.02 | 1.09 | 1.37 | 1.36 |
| Quick ratio | 0.43 | 0.95 | 0.64 | 0.69 | 0.94 | 0.97 | 1.02 | 1.09 | 1.37 | 1.36 |
| Cash ratio | 0.09 | 0.48 | 0.33 | 0.32 | 0.45 | 0.39 | 0.45 | 0.50 | 0.68 | 0.62 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -1.6x | -1.4x | - | - | - | - |
| Equity multiplier | 19.45 | 12.93 | 13.20 | 7.45 | 3.68 | 3.27 | 3.14 | 2.72 | 2.37 | 2.36 |
| Liabilities / Assets | 0.95 | 0.92 | 0.92 | 0.87 | 0.73 | 0.69 | 0.68 | 0.63 | 0.58 | 0.58 |
| Efficiency | ||||||||||
| Asset turnover | 0.39 | 0.60 | 0.41 | - | 0.39 | 0.45 | 0.48 | - | 0.38 | 0.39 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 87d | 35d | 39d | - | 50d | 42d | 32d | - | 142d | 148d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -63.8% | -25.7% | -19.8% | - | -39.1% | -33.4% | -21.5% | - | -2.0% | -3.3% |
| Revenue CAGR (3y) | -40.0% | -21.8% | -17.5% | - | -19.5% | -17.0% | -13.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | 8.3% | 12.7% |
| Operating income growth (YoY) | 26.9% | 81.3% | 22.5% | - | - | - | 11.0% | - | - | - |
| Net income growth (YoY) | 33.8% | -15.9% | 21.7% | - | - | - | - | - | - | - |
| EPS growth (YoY) | 37.5% | -16.7% | 24.1% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | -8.7% |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 336.1% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -93.0% | -86.0% | -77.9% | -66.2% | -62.5% | -57.9% | -51.5% | -40.1% | -3.4% | -8.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$263.03M totalUniversity Partnerships Segment$232.79M · 88.5%
Growth Segment$30.24M · 11.5%
Product / service
$263.03M totalTuitionrevenuenet$222.66M · 84.6%
Digital Materialsrevenuenet Member$30.02M · 11.4%
Technologyfeerevenuenet$9.93M · 3.8%
Transition Service Agreement$426.0K · 0.2%
Peer comparison
Same SIC group: Services-Educational Services
Comparing Zovio Inc against the 5 most active filers in the same SIC group.