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

233.8m277.4m320.2m352.6m

Revenue growth, %

18%19%15%10%

Cost of goods sold

53.8m58.7m70.1m83.8m

Gross profit

180.0m218.8m250.0m268.9m

Gross profit Margin, %

77%79%78%76%

Sales and marketing expense

114.0m125.5m138.3m129.7m

R&D expense

47.1m58.7m71.3m75.1m

General and administrative expense

29.9m35.4m47.3m42.0m

Operating expense total

191.0m219.7m256.9m246.8m

EBIT

(11.0m)(922.0k)(6.5m)22.1m

EBIT margin, %

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

Pre tax profit

(11.0m)(4.6m)(7.1m)22.0m

Income tax expense

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

Net Income

(4.4m)(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

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

237.0k252.0k

Current Liabilities

199.7m251.2m283.5m281.9m

Long-term debt

4.6m4.4m4.1m

Total Debt

4.9m4.6m4.1m

Common Stock

52.0k53.0k52.0k53.0k

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

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

Cash

141.6m156.6m159.9m156.1m173.7m117.1m127.0m139.2m121.1m126.7m125.6m96.9m

Accounts Receivable

33.0m36.7m41.0m43.2m43.0m42.3m35.5m40.4m39.6m39.7m40.9m45.2m

Inventories

4.9m5.2m5.1m4.7m5.6m6.1m6.0m5.7m4.7m6.4m6.5m8.3m

Current Assets

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

PP&E

21.3m22.2m24.3m27.9m27.8m31.8m31.5m30.3m29.4m32.1m32.0m30.8m

Goodwill

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

Total Assets

366.2m399.7m425.8m400.4m421.3m429.9m430.7m436.0m453.7m469.1m476.7m509.7m

Accounts Payable

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

Short-term debt

240.0k244.0k248.0k255.0k259.0k264.0k273.0k4.3m

Current Liabilities

203.9m218.9m232.5m254.8m269.0m279.3m282.4m286.0m287.0m283.3m276.8m290.5m

Long-term debt

4.6m4.5m4.4m4.3m4.3m4.2m4.0m

Total Debt

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

Common Stock

52.0k52.0k52.0k53.0k53.0k53.0k52.0k52.0k53.0k53.0k53.0k54.0k

Additional Paid-in Capital

284.9m295.0m306.0m325.8m333.3m336.9m347.0m353.4m362.2m375.7m384.4m393.0m

Retained Earnings

(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

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

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

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

Depreciation and Amortization

9.1m8.6m13.3m16.4m

Accounts Receivable

(3.6m)(13.0m)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)

Long-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

Quarterly

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

Net Income

151.0k889.0k853.0k(3.8m)(6.1m)(7.7m)2.8m5.2m7.0m2.7m4.2m12.0m

Depreciation and Amortization

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

Accounts Receivable

(5.1m)(8.5m)(12.8m)(2.3m)(2.1m)(1.1m)1.0m2.7m(3.1m)872.0k(318.0k)(1.5m)

Inventories

730.0k463.0k507.0k(263.0k)(1.1m)(1.7m)(363.0k)(83.0k)931.0k(666.0k)(744.0k)(2.5m)

Accounts Payable

(4.6m)12.7m(404.0k)(3.1m)2.2m(1.7m)(3.3m)(6.7m)(4.9m)1.3m(3.0m)(63.0k)

Cash From Operating Activities

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

Purchases of PP&E

(1.6m)(3.8m)(7.1m)(1.9m)(3.4m)(5.5m)(1.9m)(3.0m)(4.3m)(4.7m)(7.8m)(9.1m)

Cash From Investing Activities

(2.2m)(9.2m)(24.5m)(4.1m)(6.9m)(59.1m)(5.2m)(8.3m)(41.0m)(6.3m)(14.3m)(64.6m)

Long-term Borrowings

(60.0k)(118.0k)(177.0k)(63.0k)(125.0k)(221.0k)(67.0k)(133.0k)(200.0k)(71.0k)(4.1m)(4.1m)

Cash From Financing Activities

2.5m9.1m16.1m2.7m744.0k(8.8m)1.2m(4.3m)(4.1m)(7.9m)(12.8m)(14.9m)

Net Change in Cash

5.7m20.7m24.0m4.7m22.3m(34.3m)8.4m20.5m2.5m6.5m5.4m(23.3m)
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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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