Aspen Technology was founded in 1981 and is headquartered in Burlington, US

Aspen Technology has an office in Burlington

Burlington, US (HQ)

200 Wheeler Rd

Aspen Technology's revenue was reported to be $119.3 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 119.3 m |

## Gross profit (Q3, 2017) | 107 m |

## Gross profit margin (Q3, 2017), % | 90% |

## Net income (Q3, 2017) | 107.8 m |

## EBIT (Q3, 2017) | 52.3 m |

## Market capitalization (18-Aug-2017) | 4.5 b |

## Cash (31-Mar-2017) | 84.6 m |

Aspen Technology's current market capitalization is $4.5 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 391.5 m | 440.4 m | 472.3 m |

## Revenue growth, % | 13% | 7% | |

## Cost of goods sold | 52.7 m | 49.6 m | 48.6 m |

## Gross profit | 338.8 m | 390.8 m | 423.7 m |

## Gross profit Margin, % | 87% | 89% | 90% |

## Sales and marketing expense | 94.8 m | 92.7 m | 91.5 m |

## R&D expense | 68.4 m | 69.6 m | 67.2 m |

## General and administrative expense | 45.8 m | 48.7 m | 53.7 m |

## Operating expense total | 209 m | 211 m | 212.4 m |

## EBIT | 129.7 m | 179.8 m | 211.4 m |

## EBIT margin, % | 33% | 41% | 45% |

## Interest expense | 37 k | 30 k | 1.2 m |

## Interest income | 1.1 m | 487 k | 441 k |

## Pre tax profit | 128.5 m | 179.5 m | 210.6 m |

## Income tax expense | 42.8 m | 61.1 m | 70.7 m |

## Net Income | 85.8 m | 118.4 m | 140 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 107.1 m | 107.8 m | 111.3 m | 120.3 m | 119.2 m | 119.2 m | 120.1 m | 119.9 m | 119.3 m |

## Cost of goods sold | 12.4 m | 12.3 m | 12.3 m | 13 m | 11.9 m | 12 m | 11.5 m | 11.6 m | 12.3 m |

## Gross profit | 94.7 m | 95.5 m | 99 m | 107.3 m | 107.3 m | 107.2 m | 108.5 m | 108.4 m | 107 m |

## Gross profit Margin, % | 88% | 89% | 89% | 89% | 90% | 90% | 90% | 90% | 90% |

## R&D expense | 16.3 m | 16 m | 20.3 m | 16.6 m | 16 m | 17.8 m | 18.6 m | 18.6 m | 20.3 m |

## General and administrative expense | 12.2 m | 10.2 m | 13.8 m | 12.9 m | 13.8 m | 15.6 m | 13.2 m | 11.9 m | 12.1 m |

## Operating expense total | 28.5 m | 26.2 m | 34.1 m | 29.5 m | 29.8 m | 33.4 m | 31.8 m | 30.5 m | 32.5 m |

## EBIT | 44.6 m | 46.5 m | 41.7 m | 55.4 m | 56.3 m | 50.7 m | 54.7 m | 56.1 m | 52.3 m |

## EBIT margin, % | 42% | 43% | 37% | 46% | 47% | 43% | 46% | 47% | 44% |

## Interest expense | (3 k) | (4 k) | (1 k) | (1 k) | (13 k) | (330 k) | (869 k) | (892 k) | (959 k) |

## Interest income | 135 k | 132 k | 122 k | 82 k | 71 k | 90 k | 272 k | 216 k | 176 k |

## Pre tax profit | 45 m | 46.4 m | 42.3 m | 56.4 m | 56.2 m | 47.8 m | 54.8 m | 56.1 m | 51.4 m |

## Income tax expense | 16 m | 15.9 m | 14.1 m | 19.6 m | 19.5 m | 14.6 m | 19.8 m | 19.1 m | 15.6 m |

## Net Income | 29 m | 59.4 m | 87.6 m | 36.8 m | 73.5 m | 106.6 m | 35 m | 72 m | 107.8 m |

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 199.5 m | 156.2 m | 318.3 m |

## Accounts Receivable | 38.5 m | 30.7 m | 20.5 m |

## Inventories | 10.6 m | 8.1 m | 13.9 m |

## Current Assets | 329.7 m | 263.6 m | 361.3 m |

## Goodwill | 19.3 m | 17.4 m | 23.4 m |

## Total Assets | 408 m | 315.4 m | 419.7 m |

## Accounts Payable | 412 k | 5.2 m | 3.6 m |

## Current Liabilities | 266.5 m | 296.5 m | 432.6 m |

## Additional Paid-in Capital | 591.3 m | 641.9 m | 659.3 m |

## Retained Earnings | (264 m) | (145.6 m) | (5.7 m) |

## Total Equity | 83.7 m | (48.5 m) | (75 m) |

## Financial Leverage | 4.9 x | -6.5 x | -5.6 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 193.1 m | 158.4 m | 144 m | 129.7 m | 170.6 m | 96.9 m | 48.4 m | 67 m | 84.6 m |

## Accounts Receivable | 24.8 m | 19.6 m | 28.1 m | 22 m | 14.8 m | 21.7 m | 21.8 m | 17.9 m | 35.2 m |

## Current Assets | 308.7 m | 266 m | 258.4 m | 219.9 m | 230.2 m | 395 m | 225.7 m | 168.4 m | 147.1 m |

## Goodwill | 18.6 m | 18 m | 17 m | 16.6 m | 16.3 m | 16.8 m | 25.3 m | 53 m | 50.9 m |

## Total Assets | 378.2 m | 343.4 m | 317.1 m | 266.8 m | 276.4 m | 439.4 m | 289.9 m | 267.4 m | 244 m |

## Accounts Payable | 2 m | 2.3 m | 3.4 m | 2.8 m | 3.9 m | 3.9 m | 3.8 m | 1.3 m | 4.6 m |

## Current Liabilities | 242.6 m | 234 m | 275.9 m | 264.1 m | 234.7 m | 416.3 m | 411.7 m | 395 m | 427.3 m |

## Additional Paid-in Capital | 595.2 m | 605.5 m | 622.3 m | 647.4 m | 652 m | 655.6 m | 646.6 m | 672 m | 679.5 m |

## Retained Earnings | (235.1 m) | (204.6 m) | (176.4 m) | (108.9 m) | (72.2 m) | (39 m) | 29.3 m | 66.3 m | 102.2 m |

## Total Equity | 70 m | 37.7 m | (26.8 m) | (63 m) | (22.2 m) | (35.5 m) | |||

## Financial Leverage | 5.4 x | 9.1 x | -11.8 x | -4.2 x | -12.5 x | -12.4 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 85.8 m | 118.4 m | 140 m |

## Depreciation and Amortization | 5.2 m | 6.2 m | 6.1 m |

## Accounts Receivable | (3.2 m) | 8 m | 9.4 m |

## Cash From Operating Activities | 200.1 m | 192 m | 153.7 m |

## Purchases of PP&E | (4 m) | (7.6 m) | (3.5 m) |

## Cash From Investing Activities | (13.2 m) | 27.5 m | 47.2 m |

## Cash From Financing Activities | (120.2 m) | (261.3 m) | (38.7 m) |

## Interest Paid | 37 k | 30 k | 963 k |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 29 m | 59.4 m | 87.6 m | 36.8 m | 73.5 m | 106.6 m | 35 m | 72 m | 107.8 m |

## Depreciation and Amortization | 1.4 m | 2.9 m | 4.6 m | 1.5 m | 3 m | 4.5 m | 1.8 m | 3.3 m | 5 m |

## Accounts Receivable | 15 m | 18.5 m | 10.9 m | 8.8 m | 15.7 m | 8.5 m | (1.4 m) | 2.5 m | (14.9 m) |

## Cash From Operating Activities | 39.9 m | 73.8 m | 138.4 m | 18.4 m | 39.2 m | 108.9 m | 26.3 m | 53.4 m | 109 m |

## Cash From Investing Activities | (499 k) | (4.5 m) | 10.6 m | 9.3 m | 30.3 m | (204.6 m) | (146.9 m) | (108 m) | (53 m) |

## Cash From Financing Activities | (45.3 m) | (109.3 m) | (202.9 m) | (54 m) | (54.7 m) | 36.6 m | (149.2 m) | (196.5 m) | (289.8 m) |

## Interest Paid | 3 k | 1 k | 850 k | 1.6 m | 2.5 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 85.4 k |

Aspen Technology's Users was reported to be 100 k in Jun, 2017. Aspen Technology's Enterprise Customers was reported to be 2.1 k in Q1, 2017

- Source: SEC FIlings, AspenTech

Source: 111 public H-1B filings from Aspen Technology