OverviewSuggest Edit

Blucora is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Tax Preparation segment provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax professionals.

TypePublic
Founded1996
HQIrving, TX, US
Websiteblucora.com
Employee Ratings4.4
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2018)529(+9%)
Job Openings27
Revenue (FY, 2020)$755 M(+6%)
Share Price (Jun 2021)$17.6
Cybersecurity ratingBMore

Key People/Management at Blucora

Carol Hayles

Carol Hayles

Director
Jana Schreuder

Jana Schreuder

Director
Christopher Walters

Christopher Walters

President and Chief Executive Officer, Director
Georganne C. Proctor

Georganne C. Proctor

Chair of the Board
Mary Zappone

Mary Zappone

Director
Todd MacKay

Todd MacKay

President of Avantax Wealth Management
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Blucora Office Locations

Blucora has offices in Irving, Bellevue and Cedar Rapids
Irving, TX, US (HQ)
6333 N. State Highway 161, Fourth Floor
Bellevue, WA, US
10900 NE 8th St #800
Bellevue, WA, US
601 108th Ave NE #1200
Cedar Rapids, IA, US
Cedar Rapids, IA, USA
Show all (4)

Blucora Financials and Metrics

Blucora Revenue

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View revenue for all periods
Blucora's revenue was reported to be $754.95 m in FY, 2020
USD

Revenue (Q1, 2021)

278.4m

Gross profit (Q1, 2021)

164.2m

Gross profit margin (Q1, 2021), %

59%

Net income (Q1, 2021)

27.6m

EBIT (Q1, 2021)

37.2m

Market capitalization (7-Jun-2021)

850.4m

Closing stock price (7-Jun-2021)

17.6

Cash (31-Mar-2021)

191.8m

EV

1.2b
Blucora's current market capitalization is $850.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

228.8m406.9m574.0m580.7m117.7m455.9m509.6m560.5m717.9m755.0m

Revenue growth, %

41%1%(80%)287%12%

Cost of goods sold

155.0m267.5m340.5m320.5m13.7m223.2m246.1m263.7m362.8m398.3m

Gross profit

73.9m139.5m233.5m260.2m104.0m232.7m263.5m296.7m355.2m356.7m
Annual
USDY, 2011FY, 2011FY, 2012Y, 2012FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

81.9m81.9m68.3m68.3m55.5m51.7m60.0m84.5m80.8m150.1m

Accounts Receivable

25.0m34.9m24.4m4.0m10.7m15.0m16.3m12.7m

Prepaid Expenses

2.0m10.9m7.4m7.8m12.3m10.3m

Inventories

Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

101.8m135.8m96.4m264.6m217.4m61.9m68.0m74.3m71.2m74.6m78.3m78.6m77.1m89.8m88.3m149.8m109.6m97.5m168.2m90.1m191.8m

Accounts Receivable

31.4m33.0m35.2m41.3m35.5m32.5m12.7m6.6m6.1m24.1m20.4m16.8m25.3m15.9m24.3m

Prepaid Expenses

5.1m3.1m4.5m7.8m7.2m10.9m7.5m6.8m5.6m10.8m10.6m9.1m13.4m10.2m12.0m

Inventories

34.0m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

21.6m22.5m24.4m(35.5m)(40.1m)(64.5m)29.4m51.6m48.1m(342.8m)

Depreciation and Amortization

7.5m23.0m16.1m23.6m1.5m3.9m38.1m38.6m44.2m39.9m

Inventories

(1.3m)(420.0k)(493.0k)3.7m

Accounts Payable

26.3m(1.6m)12.3m(23.5m)369.0k(153.0k)(123.0k)(615.0k)29.0k(4.2m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

(1.8m)(1.3m)11.4m21.1m18.7m23.6m32.0m25.5m26.0m34.7m32.5m23.1m27.4m16.7m22.8m8.5m(45.5m)30.7m34.2m17.5m45.5m80.7m67.3m62.2m93.2m30.8m(315.5m)(265.8m)27.6m

Depreciation and Amortization

2.8m6.2m4.6m10.8m17.0m6.1m12.2m4.9m6.6m6.9m7.2m10.4m20.3m29.5m9.4m20.2m32.1m10.2m19.3m10.4m

Inventories

900.0k(687.0k)(1.7m)1.1m(4.8m)(5.2m)(4.4m)

Accounts Payable

9.8m6.0m(3.7m)(5.5m)(2.3m)3.1m(2.6m)1.9m(5.3m)(18.0m)(18.4m)2.7m(6.5m)(4.2m)5.2m(1.5m)1.2m2.7m(795.0k)(1.4m)3.3m59.0k(2.3m)6.4m(3.0m)(2.3m)17.7m2.9m12.7m
Show all financial metrics

Blucora Operating Metrics

Q1, 2013FY, 2013Q1, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Assets Under Administration (Wealth Management)

$37.13 b$37.79 b$37.84 b$35.63 b$36.57 b$36.57 b$36.51 b$37.23 b$38.48 b$38.66 b$38.66 b$40.42 b$41.43 b$42.7 b

Advisory Assets Under Management (Wealth Management)

$9.55 b$9.86 b$9.9 b$9.4 b$9.69 b$9.69 b$9.59 b$9.81 b$10.2 b$10.4 b$10.4 b$11.09 b$11.55 b$11.98 b

Advisors (Wealth Management)

4.52 k4.56 k4.58 k4.63 k4.6 k4.6 k4.58 k4.56 k4.57 k4.47 k4.47 k4.43 k4.43 k4.39 k

E-files (Tax Preparation)

4.16 m5.47 m4.36 m5.47 m5.38 m5.01 m7 m4.42 m4.39 m
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Blucora Revenue Breakdown

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Blucora revenue breakdown by business segment: 68.4% from Wealth Management and 31.6% from Tax Preparation

Blucora Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Blucora Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Blucora Online and Social Media Presence

Embed Graph

Blucora Company Culture

  • Overall Culture

    D-

    55/100

  • CEO Rating

    F

    23/100

  • Compensation

    A

    84/100

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Blucora News and Updates

Blucora to Host Virtual Investor Day Tuesday, June 15, 2021

DALLAS, May 10, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a provider of data and technology-driven tax software and wealth management solutions that empowers people to improve their financial wellness, announced that the Company will host a virtual Investor Day event on Tuesday, June …

Blucora Announces First Quarter 2021 Results

DALLAS, May 05, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the first quarter ended March 31, 2021.

Blucora to Announce First Quarter 2021 Financial Results on Wednesday, May 5, 2021

DALLAS, April 29, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a provider of data and technology-driven tax software and wealth management solutions that empowers people to improve their financial wellness, will announce its first quarter 2021 financial results prior to market open on We…

Blucora Shareholder Sends Open Letter in Support Of Incumbent Directors

LOS ANGELES, April 09, 2021 (GLOBE NEWSWIRE) -- Jonathan Foster, President and CEO of Angeles Wealth Management, LLC, and a personal shareholder of Blucora, Inc., today issued an open letter expressing support for the incumbent Board of Directors at the upcoming 2021 annual meeting of stockholders…

Glass Lewis Recommends Blucora Stockholders Vote on the BLUE Proxy Card “FOR” All Blucora Director Nominees

DALLAS, April 09, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax-focused financial solutions, today announced Glass, Lewis and Co., LLC (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that stockholders vote “FOR” all…

Blucora Board Sends Letter to Stockholders

Notes Significant Concerns About Ancora Nominees, Plan and Conduct
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Blucora Blogs

Blucora Stockholders Elect All Ten Incumbent Blucora Directors at 2021 Annual Meeting

DALLAS , April 21, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (the “Company”) (NASDAQ: BCOR), a leading provider of technology-enabled, tax-focused financial solutions, today announced the preliminary results of its annual meeting of stockholders, as provided to the Company by the Company's proxy

Avantax Welcomes Maestro Wealth Advisors, LLC

Avantax Welcomes Maestro Wealth Advisors, LLC Content Import Tue, 04/13/2021 - 13:27 Avantax Welcomes Maestro Wealth Advisors, LLC April 13, 2021 This release is a backfill from a News Wire Avantax Blucora Gene…

Blucora Publishes Detailed Investor Presentation Outlining Momentum and Progress Under Leadership of Current Board and Management Team

Provides Details Regarding Board’s Review of All Paths to Create Value for Stockholders Addresses Many of Ancora’s False and Misleading Claims Describes Ancora’s Overreaching Campaign to Replace Nearly Half of  Blucora’s Independent Directors Urges Stockholders to Vote “ FOR ” ALL of Blucora’s

TaxAct Launches Xpert Help to Assist Americans With Their Toughest Tax Questions

TaxAct Launches Xpert Help to Assist Americans With Their Toughest Tax Questions Content Import Mon, 01/25/2021 - 09:02 TaxAct Launches Xpert Help to Assist Americans With Their Toughest Tax Questions January 25, 2021 This release is a backfill from a News Wir…

TaxAct Helps Americans File for Less and Get More with its 2020 Tax Software

Up to 30 percent less than the industry's biggest software providers, TaxAct presents filers with a more affordable solution to maximize their refunds this tax season. CEDAR RAPIDS, Iowa , Jan. 14, 2021 /PRNewswire/ -- TaxAct ® today announced the launch of its 2020 digital and download tax

Karthik Rao

Karthik Rao ryan.manuel Mon, 09/21/2020 - 18:16 Member of the Compensation Committee Karthik Rao Mr. Rao is an accomplished executive who currently serves as the Chief Operating Officer for Nielsen Global Media, a global provider of data, information and technology to the media an…
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Blucora Frequently Asked Questions

  • When was Blucora founded?

    Blucora was founded in 1996.

  • Who are Blucora key executives?

    Blucora's key executives are Carol Hayles, Jana Schreuder and Christopher Walters.

  • How many employees does Blucora have?

    Blucora has 529 employees.

  • What is Blucora revenue?

    Latest Blucora annual revenue is $755 m.

  • What is Blucora revenue per employee?

    Latest Blucora revenue per employee is $1.4 m.

  • Who are Blucora competitors?

    Competitors of Blucora include H&R Block, MyBudget and Clerkie.

  • Where is Blucora headquarters?

    Blucora headquarters is located at 6333 N. State Highway 161, Fourth Floor, Irving.

  • Where are Blucora offices?

    Blucora has offices in Irving, Bellevue and Cedar Rapids.

  • How many offices does Blucora have?

    Blucora has 4 offices.