Bankrate Revenue

Bankrate revenue was $434.16 m in FY, 2016 which is a 17.2% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1976

Investors

Bankrate is a subsidiary of Red Ventures

Bankrate Revenue Breakdown

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Bankrate revenue breakdown by business segment: 5.3% from Senior Care, 23.1% from Banking and 71.6% from Credit Cards

Bankrate Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

457.4m544.9m370.5m434.2m

Revenue growth, %

19%(32%)17%

Cost of goods sold

151.1m85.5m171.8m227.5m

Gross profit

306.4m459.4m198.7m206.6m

Gross profit Margin, %

67%84%54%48%

Sales and marketing expense

24.9m24.3m16.7m17.5m

R&D expense

22.4m29.0m23.5m29.3m

General and administrative expense

43.6m67.7m62.4m79.9m

Operating expense total

90.9m121.1m102.5m126.7m

EBIT

26.7m34.6m50.0m(6.0m)

EBIT margin, %

6%6%13%(1%)

Interest expense

25.0m20.8m22.2m19.7m

Pre tax profit

(15.4m)13.7m27.8m(25.7m)

Income tax expense

(5.4m)6.9m10.1m8.3m

Net Income

(10.0m)5.2m(13.3m)(34.1m)

Bankrate Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

229.7m141.7m236.9m176.7m

Accounts Receivable

61.9m70.9m56.1m52.2m

Prepaid Expenses

13.6m35.7m27.7m42.0m

Current Assets

315.9m256.3m321.8m270.9m

Goodwill

612.0m641.4m567.5m599.8m

Total Assets

1.3b1.3b1.1b1.1b

Accounts Payable

7.1m8.0m10.1m11.2m

Current Liabilities

81.6m80.1m60.0m53.8m

Long-term debt

297.0m297.6m298.2m295.7m

Total Debt

297.0m297.6m298.2m295.7m

Total Liabilities

463.3m440.1m371.6m394.5m

Common Stock

1.0m1.0m1.0m1.0m

Additional Paid-in Capital

864.2m892.7m886.3m903.2m

Retained Earnings

(28.8m)(23.6m)(37.0m)(71.1m)

Total Equity

835.6m823.3m761.2m689.4m

Debt to Equity Ratio

0.4 x0.4 x0.4 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.3 x

Financial Leverage

1.6 x1.5 x1.5 x1.6 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

154.6m138.5m144.6m204.4m122.0m135.8m183.3m188.6m

Accounts Receivable

79.8m87.3m75.9m55.0m59.1m71.0m50.7m66.7m

Prepaid Expenses

17.6m16.4m28.3m25.0m33.6m23.4m45.2m38.0m

Current Assets

260.0m250.1m256.4m285.4m214.6m230.3m279.1m293.4m

Goodwill

642.6m663.6m628.1m567.5m609.0m604.8m599.8m599.8m

Total Assets

1.3b1.3b1.2b1.1b1.1b1.1b1.1b1.1b

Accounts Payable

16.8m12.3m13.7m1.4m5.4m11.2m14.3m9.3m

Current Liabilities

71.6m74.7m60.8m41.2m71.0m53.7m88.6m122.8m

Long-term debt

297.7m297.9m298.1m293.9m294.5m295.1m296.4m297.0m

Total Debt

297.7m297.9m298.1m293.9m294.5m295.1m296.4m297.0m

Total Liabilities

427.7m434.7m420.4m347.7m413.6m404.7m399.0m428.7m

Common Stock

1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m

Additional Paid-in Capital

861.6m916.6m926.3m889.2m893.7m898.4m902.9m906.4m

Retained Earnings

(18.7m)(18.4m)(41.8m)(36.7m)(77.7m)(67.0m)(76.7m)(100.0m)

Total Equity

832.8m838.1m811.0m735.6m674.2m689.4m685.4m672.0m

Financial Leverage

1.5 x1.5 x1.5 x1.5 x1.6 x1.6 x1.6 x1.6 x

Bankrate Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.0m)6.1m(13.3m)(34.1m)

Depreciation and Amortization

56.2m58.6m65.9m42.2m

Accounts Receivable

(6.3m)(8.2m)(6.3m)12.3m

Accounts Payable

(1.6m)(317.0k)1.4m(1.2m)

Cash From Operating Activities

101.9m42.5m91.8m79.8m

Cash From Investing Activities

(32.6m)(82.7m)94.5m(76.2m)

Short-term Borrowings

(209.0m)

Long-term Borrowings

(11.9m)

Cash From Financing Activities

74.4m(47.7m)(91.0m)(64.0m)

Net Change in Cash

146.5m(88.0m)95.2m(60.5m)

Interest Paid

25.8m19.5m19.7m18.7m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(5.3m)575.0k(17.5m)283.0k(41.0m)10.7m(5.2m)(28.5m)

Depreciation and Amortization

15.7m31.6m47.7m9.6m20.7m31.6m10.5m21.4m

Accounts Receivable

(9.1m)(16.6m)(5.2m)1.1m5.4m(6.6m)1.2m(15.0m)

Accounts Payable

8.7m4.2m5.7m1.4m(7.0m)(1.3m)3.1m(1.9m)

Cash From Operating Activities

24.7m44.5m67.2m(8.8m)17.7m37.2m18.3m26.8m

Cash From Investing Activities

(6.6m)(38.2m)(41.2m)(1.2m)(66.0m)(71.7m)(3.6m)(5.6m)

Cash From Financing Activities

(5.1m)(9.5m)(23.2m)(38.2m)(66.8m)(66.9m)(8.1m)(9.4m)

Net Change in Cash

13.0k(3.0m)2.9m(32.6m)(115.3m)(101.4m)6.6m11.9m

Interest Paid

9.3m9.3m18.6m9.4m9.4m
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Bankrate Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Credit Cards Consumer Inquiries

2.60 m2.50 m2.50 m2.80 m10.30 m2.70 m2.90 m3.30 m3.60 m12.50 m3 m3.50 m4.40 m4.20 m15 m4.10 m

Mortgage and Savings Consumer Inquiries

1.70 m1.70 m1.70 m1.60 m6.60 m1.70 m1.60 m1.70 m1.50 m6.60 m1.80 m1.80 m2.10 m2.10 m8 m2.50 m

Senior Care Consumer Inquiries

11.90 m19 m18.80 m49.70 m24 m26.80 m25.80 m22.70 m99.30 m33.10 m26 m28.60 m22.60 m110.30 m33.50 m
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