OverviewSuggest Edit

Accolade is a company providing personalized health and benefits solutions. It offers Accolade Total Benefits, Accolade Total Care, Accolade Total Health and Benefits, Mental Health Integrated Care, and other platforms that provide consultancy on organizations' benefits plans, clinical guidance, care management, etc.

TypePublic
Founded2007
HQPlymouth Meeting, PA, US
Websiteaccolade.com
Employee Ratings3.1
Overall CultureB

Latest Updates

Employees (est.) (Nov 2019)1,174(+56%)
Job Openings108
Revenue (FY, 2021)$170.4 M(+29%)
Share Price (May 2021)$40.8(-1%)
Cybersecurity ratingCMore

Key People/Management at Accolade

Rajeev Singh

Rajeev Singh

Chief Executive Officer and Director
Mike Hilton

Mike Hilton

Chief Innovation Officer
Britt Provost

Britt Provost

Executive Vice President of People and Culture
Robert Cavanaugh

Robert Cavanaugh

President
Shantanu Nundy

Shantanu Nundy

Chief Medical Officer, Advisor
Carolyn Young

Carolyn Young

Chief Actuary
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Accolade Office Locations

Accolade has offices in Plymouth Meeting, Scottsdale, Seattle and Praha
Plymouth Meeting, PA, US (HQ)
660 W Germantown Pike #500
Scottsdale, AZ, US
8777 E Hartford Dr #200
Seattle, WA, US
1201 3rd Ave #1700
Praha, CZ
Rohanske nabrezi 678/2
Show all (4)

Accolade Financials and Metrics

Accolade Revenue

Accolade's revenue was reported to be $170.36 m in FY, 2021
USD

Revenue (FY, 2021)

170.4m

Net income (FY, 2021)

(50.7m)

EBIT (FY, 2021)

(46.8m)

Market capitalization (12-May-2021)

2.4b

Closing stock price (12-May-2021)

40.8

Cash (28-Feb-2021)

433.9m
Accolade's current market capitalization is $2.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

76.8m94.8m132.5m170.4m

Revenue growth, %

23%40%

Cost of goods sold

53.4m60.6m73.7m

Gross profit

23.4m34.2m58.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

18.4m20.3m21.0m28.8m29.7m29.7m35.9m36.8m38.4m

Cost of goods sold

13.2m13.8m16.0m17.4m16.8m17.5m22.2m21.1m

Gross profit

5.2m6.6m5.0m11.3m12.9m12.1m13.7m15.7m

Gross profit Margin, %

28%32%24%39%43%41%38%43%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

13.5m42.7m33.2m433.9m

Accounts Receivable

6.6m371.0k294.0k9.1m

Prepaid Expenses

2.4m2.8m12.9m6.0m

Current Assets

23.4m46.9m48.9m454.0m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

77.7m222.1m418.9m

Accounts Receivable

3.0m10.7m15.4m

Prepaid Expenses

14.2m8.0m6.6m

Current Assets

96.8m242.8m444.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(56.5m)(51.4m)(50.7m)

Depreciation and Amortization

9.4m8.5m8.2m

Accounts Payable

1.5m5.8m3.0m

Cash From Operating Activities

(16.5m)(34.2m)(25.2m)
Quarterly
USDQ1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(15.9m)(30.9m)(14.0m)(29.3m)(45.9m)

Depreciation and Amortization

2.2m4.4m1.9m4.0m6.1m

Accounts Payable

(52.0k)409.0k(1.7m)(806.0k)569.0k

Cash From Operating Activities

(16.9m)(20.4m)(8.3m)(23.4m)(35.6m)
USDFY, 2018

Debt/Equity

-0.1 x

Debt/Assets

0.4 x

Financial Leverage

-0.3 x
Show all financial metrics

Accolade Operating Metrics

Accolade's Enterprise Customers was reported to be 94 in Oct, 2020.
FY, 2018FY, 2019FY, 2020Mar, 2020Jul, 2020Oct, 2020

Annual Contract Value

$90.1 m$121.5 m$161.4 m

Enterprise Customers

152054536094

Members

1.5 m1.7 m2 m
Show all operating metrics

Accolade Acquisitions / Subsidiaries

Company NameDateDeal Size
MD InsiderJuly 31, 2019$6.49 m
konciergeMDApril 28, 2014

Accolade Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Accolade Online and Social Media Presence

Embed Graph

Accolade Company Culture

  • Overall Culture

    B

    75/100

  • CEO Rating

    A+

    83/100

  • Compensation

    B

    78/100

  • Diversity

    C+

    73/100

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Accolade News and Updates

CORRECTION -- Accolade Announces Results for Fiscal Fourth Quarter and Full Year 2021

SEATTLE, May 05, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Accolade, Inc. (NASDAQ: ACCD) please note that the entire Consolidated Statements of Operations (unaudited) table has been replaced. The corrected release follows:

Avenir LNG announces the first bunkering of the Avenir Accolade by its sister ship the Avenir Advantage

Avenir LNG (NOTC: AVENIR) today announced that it has successfully completed the bunkering of the Avenir Accolade by its sister ship the Avenir Accolade in Pasir Gudang, Pengerang, Malaysia on 26 April 2021. Both ships built by Keppel Offshore & Marine’s Nantong Shipyard are 7,500 cbm, dual purp…

Accolade to Announce Fiscal Fourth Quarter and Full Year 2021 Financial Results

SEATTLE, April 19, 2021 (GLOBE NEWSWIRE) -- Accolade, Inc. (NASDAQ: ACCD), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits, today announced that it will release fiscal fourth quar…

Sopheon Bridges Gaps Between Digital and Physical Product Development with Launch of Accolade for Smart Products

Industry’s First Innovation Solution Creates Comprehensive Process That Streamlines Costs, Enforces Governance Procedures and Accelerates Time-to-Market read more

Accolade Announces Preliminary Results for Fourth Quarter and Full Year of Fiscal Year 2021

SEATTLE, March 23, 2021 (GLOBE NEWSWIRE) -- Accolade, Inc. (Nasdaq: ACCD) today provided preliminary unaudited financial results for the fiscal fourth quarter and year ended February 28, 2021 (fiscal year 2021). Based on current information, the company expects to report revenue for the fiscal 202…

Accolade Announces Private Offering of $250 Million Convertible Notes

SEATTLE, March 23, 2021 (GLOBE NEWSWIRE) -- Accolade, Inc. (Nasdaq: ACCD) (“Accolade”) announced today that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) in a private placement (the “offering”…
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Accolade Frequently Asked Questions

  • When was Accolade founded?

    Accolade was founded in 2007.

  • Who are Accolade key executives?

    Accolade's key executives are Rajeev Singh, Mike Hilton and Britt Provost.

  • How many employees does Accolade have?

    Accolade has 1,174 employees.

  • What is Accolade revenue?

    Latest Accolade annual revenue is $170.4 m.

  • What is Accolade revenue per employee?

    Latest Accolade revenue per employee is $145.1 k.

  • Who are Accolade competitors?

    Competitors of Accolade include Aetna, Blue Cross Blue Shield Association and Health Advocate.

  • Where is Accolade headquarters?

    Accolade headquarters is located at 660 W Germantown Pike #500, Plymouth Meeting.

  • Where are Accolade offices?

    Accolade has offices in Plymouth Meeting, Scottsdale, Seattle and Praha.

  • How many offices does Accolade have?

    Accolade has 4 offices.