Barracuda Networks Revenue

Barracuda Networks revenue was $352.65 m in FY, 2017 which is a 10.1% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

2003

Total Funding

$46.4 m

Investors

In total, Barracuda Networks had raised $46.4 m. Barracuda Networks is a subsidiary of Thoma Bravo

Barracuda Networks Revenue Breakdown

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Barracuda Networks revenue breakdown by geographic segment: 17.7% from EMEA, 5.9% from Asia-Pacific, 75.0% from North America and 1.4% from Other

Barracuda Networks Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

233.8 m277.4 m320.2 m352.6 m

Revenue growth, %

18%19%15%10%

Cost of goods sold

53.8 m58.7 m70.1 m83.8 m

Gross profit

180 m218.8 m250 m268.9 m

Gross profit Margin, %

77%79%78%76%

Sales and marketing expense

114 m125.5 m138.3 m129.7 m

R&D expense

47.1 m58.7 m71.3 m75.1 m

General and administrative expense

29.9 m35.4 m47.3 m42 m

Operating expense total

191 m219.7 m256.9 m246.8 m

EBIT

(11 m)(922 k)(6.5 m)22.1 m

EBIT margin, %

(5%)0%(2%)6%

Pre tax profit

(11 m)(4.6 m)(7.1 m)22 m

Income tax expense

(6.6 m)62.9 m(2.7 m)(11.8 m)

Net Income

(4.4 m)(67.5 m)(4.4 m)10.2 m

Barracuda Networks Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

135.9 m151.4 m118.7 m120.2 m

Accounts Receivable

27.8 m40.7 m36.5 m40.6 m

Inventories

5.6 m4.5 m5.6 m5.8 m

Current Assets

230.1 m280.3 m241.6 m295.4 m

PP&E

20.6 m27.8 m31.9 m30 m

Goodwill

36 m39.7 m69.6 m69.8 m

Total Assets

350.1 m389.3 m419.8 m464.8 m

Accounts Payable

13.7 m16.4 m15.9 m11.4 m

Short-term debt

237 k252 k

Current Liabilities

199.7 m251.2 m283.5 m281.9 m

Long-term debt

4.6 m4.4 m4.1 m

Total Debt

4.9 m4.6 m4.1 m

Common Stock

52 k53 k52 k53 k

Additional Paid-in Capital

278.6 m316 m337.4 m370.7 m

Retained Earnings

(283.4 m)(350.9 m)(365.1 m)(359.1 m)

Total Equity

(5.7 m)(39.1 m)(32.1 m)6.4 m

Debt to Equity Ratio

-0.9 x-0.1 x-0.1 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

-61.9 x-10 x-13.1 x72.4 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

141.6 m156.6 m159.9 m156.1 m173.7 m117.1 m127 m139.2 m121.1 m126.7 m125.6 m96.9 m

Accounts Receivable

33 m36.7 m41 m43.2 m43 m42.3 m35.5 m40.4 m39.6 m39.7 m40.9 m45.2 m

Inventories

4.9 m5.2 m5.1 m4.7 m5.6 m6.1 m6 m5.7 m4.7 m6.4 m6.5 m8.3 m

Current Assets

243.5 m266.1 m288.7 m291.7 m310.9 m251.6 m253.5 m262.3 m283.2 m296.2 m298.7 m275.8 m

PP&E

21.3 m22.2 m24.3 m27.9 m27.8 m31.8 m31.5 m30.3 m29.4 m32.1 m32 m30.8 m

Goodwill

36 m41 m40.6 m39.6 m40.1 m69.6 m70.2 m70.2 m69.8 m70.2 m70.7 m98.1 m

Total Assets

366.2 m399.7 m425.8 m400.4 m421.3 m429.9 m430.7 m436 m453.7 m469.1 m476.7 m509.7 m

Accounts Payable

9.5 m12.7 m13.8 m13.1 m18.5 m15.2 m12.7 m9.4 m11.3 m12.5 m7.7 m11.2 m

Short-term debt

240 k244 k248 k255 k259 k264 k273 k4.3 m

Current Liabilities

203.9 m218.9 m232.5 m254.8 m269 m279.3 m282.4 m286 m287 m283.3 m276.8 m290.5 m

Long-term debt

4.6 m4.5 m4.4 m4.3 m4.3 m4.2 m4 m

Total Debt

4.8 m4.8 m4.7 m4.6 m4.5 m4.4 m4.3 m4.3 m

Common Stock

52 k52 k52 k53 k53 k53 k52 k52 k53 k53 k53 k54 k

Additional Paid-in Capital

284.9 m295 m306 m325.8 m333.3 m336.9 m347 m353.4 m362.2 m375.7 m384.4 m393 m

Retained Earnings

(283.3 m)(282.6 m)(282.6 m)(354.8 m)(357 m)(363.9 m)(362.5 m)(363.9 m)(362.1 m)(361.1 m)(359.5 m)(351.8 m)

Total Equity

841 k11.1 m21.1 m(31.3 m)(26.4 m)(30.5 m)(19.3 m)(15.8 m)(5 m)10.4 m21.8 m38.1 m

Debt to Equity Ratio

5.7 x0.4 x0.2 x-0.1 x-0.2 x-0.1 x-0.2 x-0.3 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

435.4 x36 x20.2 x-12.8 x-15.9 x-14.1 x-22.4 x-27.7 x-91.5 x45.1 x21.8 x13.4 x

Barracuda Networks Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4.4 m)(67.5 m)(4.4 m)10.2 m

Depreciation and Amortization

9.1 m8.6 m13.3 m16.4 m

Accounts Receivable

(3.6 m)(13 m)4.4 m(4.1 m)

Inventories

(509 k)1.2 m(1.2 m)(202 k)

Accounts Payable

1.2 m2.8 m(720 k)(5.4 m)

Cash From Operating Activities

42.2 m54.1 m49.3 m65.2 m

Purchases of PP&E

(7.6 m)(12.5 m)(7.8 m)(6.3 m)

Cash From Investing Activities

(14.9 m)(59.5 m)(61.7 m)(59.4 m)

Long-term Borrowings

(222 k)(237 k)(285 k)(268 k)

Dividends Paid

(1.4 m)

Cash From Financing Activities

78.5 m21.7 m(20.4 m)(4.1 m)

Net Change in Cash

105.8 m15.5 m(32.7 m)1.5 m

Interest Paid

447 k326 k287 k264 k

Income Taxes Paid

2.6 m3.2 m353 k7.9 m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

151 k889 k853 k(3.8 m)(6.1 m)(7.7 m)2.8 m5.2 m7 m2.7 m4.2 m12 m

Depreciation and Amortization

2.1 m4.4 m6.5 m2.2 m4.5 m7.9 m4.3 m8.5 m12.4 m4.2 m8.5 m12.7 m

Accounts Receivable

(5.1 m)(8.5 m)(12.8 m)(2.3 m)(2.1 m)(1.1 m)1 m2.7 m(3.1 m)872 k(318 k)(1.5 m)

Inventories

730 k463 k507 k(263 k)(1.1 m)(1.7 m)(363 k)(83 k)931 k(666 k)(744 k)(2.5 m)

Accounts Payable

(4.6 m)12.7 m(404 k)(3.1 m)2.2 m(1.7 m)(3.3 m)(6.7 m)(4.9 m)1.3 m(3 m)(63 k)

Cash From Operating Activities

5.4 m20.9 m33.1 m6.3 m28.6 m33.9 m12.1 m32.6 m47.7 m20.2 m31.2 m54.9 m

Purchases of PP&E

(1.6 m)(3.8 m)(7.1 m)(1.9 m)(3.4 m)(5.5 m)(1.9 m)(3 m)(4.3 m)(4.7 m)(7.8 m)(9.1 m)

Cash From Investing Activities

(2.2 m)(9.2 m)(24.5 m)(4.1 m)(6.9 m)(59.1 m)(5.2 m)(8.3 m)(41 m)(6.3 m)(14.3 m)(64.6 m)

Long-term Borrowings

(60 k)(118 k)(177 k)(63 k)(125 k)(221 k)(67 k)(133 k)(200 k)(71 k)(4.1 m)(4.1 m)

Cash From Financing Activities

2.5 m9.1 m16.1 m2.7 m744 k(8.8 m)1.2 m(4.3 m)(4.1 m)(7.9 m)(12.8 m)(14.9 m)

Net Change in Cash

5.7 m20.7 m24 m4.7 m22.3 m(34.3 m)8.4 m20.5 m2.5 m6.5 m5.4 m(23.3 m)
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Barracuda Networks Operating Metrics

Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Nov, 2017Q3, 2018

Billings

$87.60 m$89.04 m$91.53 m$96.13 m$364.29 m$94.27 m$98.45 m$89.01 m$95.79 m$377.52 m$98.20 m$100.30 m$100.40 m$103.22 m$402.12 m$105.22 m$108.50 m$110.63 m

Active Subscribers

214.34 k225.60 k234.96 k243.58 k252.46 k261.61 k269.47 k278.40 k286.60 k298.74 k309.32 k321.24 k335.32 k348.09 k360.33 k

Customers

150 k

Partners

5 k6.50 k6.50 k

Patents Issued

56 59 65

Patents Pending

33 27 22
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