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

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: 75.0% from North America, 5.9% from Asia-Pacific, 17.7% from EMEA and 1.4% from Other

Barracuda Networks Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

277.4m320.2m352.6m

Revenue growth, %

19%15%10%

Cost of goods sold

58.7m70.1m83.8m

Gross profit

218.8m250.0m268.9m

Gross profit Margin, %

79%78%76%

Sales and marketing expense

125.5m138.3m129.7m

R&D expense

58.7m71.3m75.1m

General and administrative expense

35.4m47.3m42.0m

Operating expense total

219.7m256.9m246.8m

EBIT

(922.0k)(6.9m)22.1m

EBIT margin, %

0%(2%)6%

Pre tax profit

(4.6m)(7.1m)22.0m

Income tax expense

62.9m(2.7m)11.8m

Net Income

(67.5m)(4.4m)10.2m

Barracuda Networks Balance Sheet

Annual

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

Cash

135.9m151.4m118.7m120.2m

Accounts Receivable

27.8m40.7m36.5m40.6m

Prepaid Expenses

3.8m4.0m4.8m

Inventories

5.6m4.5m5.6m5.8m

Current Assets

230.1m280.3m241.6m295.4m

PP&E

20.6m27.8m31.9m30.0m

Goodwill

36.0m39.7m69.6m69.8m

Total Assets

350.1m389.3m419.8m464.8m

Accounts Payable

13.7m16.4m15.9m11.4m

Short-term debt

237.0k252.0k268.0k

Current Liabilities

199.7m251.2m283.5m281.9m

Long-term debt

9.5m4.4m4.1m

Total Debt

4.9m4.6m4.1m

Common Stock

52.0k53.0k52.0k53.0k

Preferred Stock

Additional Paid-in Capital

278.6m316.0m337.4m370.7m

Retained Earnings

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

Total Equity

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

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

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

117.2m141.6m156.6m159.9m156.1m173.7m117.1m127.0m139.2m121.1m126.7m125.6m96.9m

Accounts Receivable

28.8m33.0m36.7m41.0m43.2m43.0m42.3m35.5m34.0m39.6m39.7m40.9m45.2m

Prepaid Expenses

3.3m3.9m4.3m4.3m4.0m4.6m4.8m6.7m5.5m5.0m7.9m7.4m9.2m

Inventories

6.4m4.9m5.2m5.1m4.7m5.6m6.1m6.0m5.7m4.7m6.4m6.5m8.3m

Current Assets

211.4m243.5m266.1m288.7m291.7m310.9m251.6m253.5m262.3m283.2m296.2m298.7m275.8m

PP&E

20.3m21.3m22.2m24.3m27.9m27.8m31.8m31.5m30.3m29.4m32.1m32.0m30.8m

Goodwill

36.0m36.0m41.0m40.6m39.6m40.1m69.6m70.2m70.2m69.8m70.2m70.7m98.1m

Total Assets

327.9m366.2m399.7m425.8m400.4m421.3m429.9m430.7m436.0m453.7m469.1m476.7m509.7m

Accounts Payable

13.7m9.5m12.7m13.8m13.1m18.5m15.2m12.7m9.4m11.3m12.5m7.7m11.2m

Short-term debt

233.0k240.0k244.0k248.0k255.0k259.0k264.0k273.0k4.3m4.2m4.0m

Current Liabilities

191.5m203.9m218.9m232.5m254.8m269.0m279.3m282.4m286.0m287.0m283.3m276.8m290.5m

Long-term debt

4.7m4.6m4.5m4.4m4.3m4.3m4.2m4.0m

Total Debt

233.0k4.8m4.8m4.7m4.6m4.5m4.4m4.3m4.3m4.2m4.0m

Common Stock

51.0k52.0k52.0k52.0k53.0k53.0k53.0k52.0k52.0k53.0k53.0k53.0k54.0k

Preferred Stock

Additional Paid-in Capital

277.1m284.9m295.0m306.0m325.8m333.3m336.9m347.0m353.4m362.2m375.7m384.4m393.0m

Retained Earnings

(286.4m)(283.3m)(282.6m)(282.6m)(354.8m)(357.0m)(363.9m)(362.5m)(363.9m)(362.1m)(361.1m)(359.5m)(351.8m)

Total Equity

(13.1m)841.0k11.1m21.1m(31.3m)(26.4m)(30.5m)(19.3m)(15.8m)(5.0m)10.4m21.8m38.1m

Debt to Equity Ratio

0 x5.7 x0.4 x0.2 x-0.1 x-0.2 x-0.1 x-0.2 x-0.3 x-0.8 x0.4 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

-25.1 x435.4 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

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

Depreciation and Amortization

9.1m8.6m13.3m16.4m

Accounts Receivable

(3.6m)(12.9m)4.4m(4.1m)

Inventories

(509.0k)1.2m(1.2m)(202.0k)

Accounts Payable

1.2m2.8m(720.0k)(5.4m)

Cash From Operating Activities

42.2m54.1m49.3m65.2m

Purchases of PP&E

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

Cash From Investing Activities

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

Short-term Borrowings

(222.0k)(237.0k)(285.0k)(268.0k)

Dividends Paid

(1.4m)

Cash From Financing Activities

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

Net Change in Cash

105.8m15.5m(32.7m)1.5m

Interest Paid

447.0k326.0k287.0k264.0k

Income Taxes Paid

2.6m3.2m353.0k7.9m

Barracuda Networks Operating Metrics

Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Nov, 2017Q3, 2018Sep, 2019

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

Channel Partners

5 k

Customers

150 k150 k

Partners

5 k6.50 k6.50 k

Patents Issued

56 59 65 121

Patents Pending

33 27 22

Technology Partners

27

Trademarks (US)

23