$360 M

APRN Mkt cap, 20-Sep-2018

$196.7 M

Blue Apron Revenue Q1, 2018
Blue Apron Gross profit (Q1, 2018)67.4 M
Blue Apron Gross profit margin (Q1, 2018), %34.2%
Blue Apron Net income (Q1, 2018)-31.7 M
Blue Apron EBITDA (Q1, 2018)-21.5 M
Blue Apron EBIT (Q1, 2018)-29.9 M
Blue Apron Cash, 31-Mar-2018203.5 M
Blue Apron EV281.2 M

Blue Apron Revenue

Blue Apron revenue was $881.19 m in FY, 2017 which is a 10.8% year over year increase from the previous period.

Embed Graph

Blue Apron Income Statement

Annual

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

Revenue

77.8 m340.8 m795.4 m881.2 m

Revenue growth, %

338%133%11%

Cost of goods sold

72.2 m263.3 m532.7 m628 m

Gross profit

5.6 m77.5 m262.7 m253.2 m

Gross profit Margin, %

7%23%33%29%

Sales and marketing expense

14 m51.4 m144.1 m154.5 m

General and administrative expense

21.8 m70.2 m165.2 m247.9 m

Operating expense total

35.8 m121.5 m309.3 m402.4 m

Depreciation and amortization

611 k2.9 m8.2 m26.8 m

EBITDA

(26.5 m)(42.9 m)(43.6 m)(161.9 m)

EBITDA margin, %

(34%)(13%)(5%)(18%)

EBIT

(30.8 m)(46.9 m)(54.8 m)(188.8 m)

EBIT margin, %

(40%)(14%)(7%)(21%)

Interest expense

4 k6 k6.4 m

Interest income

25 k

Pre tax profit

(30.8 m)(47 m)(54.9 m)(210.1 m)

Income tax expense

61 k108 k15 k

Net Income

(30.8 m)(47 m)(54.9 m)(210.1 m)

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018

Revenue

48.6 m73.3 m102.3 m116.7 m172.1 m201.9 m205.5 m215.9 m244.8 m238.1 m20.6 m187.7 m196.7 m

Cost of goods sold

37.6 m55 m83.7 m87 m112.5 m127.3 m145.6 m147.2 m168.5 m163.5 m164.4 m131.5 m129.3 m

Gross profit

11 m18.3 m18.6 m29.7 m59.6 m74.6 m59.8 m68.7 m76.3 m74.5 m(143.8 m)56.2 m67.4 m

Gross profit Margin, %

23%25%18%25%35%37%29%32%31%31%(697%)30%34%

Sales and marketing expense

8.4 m12.8 m16 m14.2 m25.4 m32 m49.6 m37.1 m60.6 m34.5 m34.2 m25.2 m39.3 m

General and administrative expense

9.5 m14.2 m21.2 m25.2 m29.7 m35.3 m45.6 m54.6 m63.2 m65.7 m65.7 m53.3 m49.5 m

Operating expense total

17.9 m27 m37.2 m39.4 m55.1 m67.3 m95.2 m91.7 m123.8 m100.2 m100 m78.4 m88.8 m

Depreciation and amortization

381 k526 k768 k1.2 m1.5 m1.8 m2 m3 m4.2 m5.4 m8.8 m8.5 m8.4 m

EBITDA

(6.7 m)(8.5 m)(18.3 m)(9.4 m)5 m8 m(34.6 m)(22 m)(46.3 m)(23.9 m)(77.3 m)(29 m)(21.5 m)

EBITDA margin, %

(14%)(12%)(18%)(8%)3%4%(17%)(10%)(19%)(10%)(374%)(15%)(11%)

EBIT

(7.3 m)(9.3 m)(19.3 m)(11 m)3 m5.5 m(37.4 m)(25.9 m)(51.7 m)(31 m)(68.5 m)(37.5 m)(29.9 m)

EBIT margin, %

(15%)(13%)(19%)(9%)2%3%(18%)(12%)(21%)(13%)(332%)(20%)(15%)

Interest expense

4 k8 k162 k470 k3.1 m1.3 m1.6 m1.8 m

Interest income

6 k57 k71 k59 k

Pre tax profit

(7.3 m)(9.3 m)(19.3 m)(11 m)3 m5.6 m(37.3 m)(26.1 m)(52.2 m)(31.5 m)(87.3 m)(39.1 m)(31.6 m)

Income tax expense

1 k21 k39 k27 k28 k27 k26 k41 k105 k(133 k)2 k25 k

Net Income

(7.3 m)(9.3 m)(19.4 m)(11 m)3 m5.5 m(37.4 m)(26.1 m)(52.2 m)(31.6 m)(87.2 m)(39.1 m)(31.7 m)

Blue Apron Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

126.9 m81.5 m228.5 m

Accounts Receivable

355 k485 k1.9 m

Prepaid Expenses

4 m8.3 m7.8 m

Inventories

17.5 m42.9 m41.9 m

Current Assets

149.7 m138.1 m282.7 m

PP&E

14.6 m131 m230.8 m

Total Assets

165 m273.4 m517.7 m

Accounts Payable

29.9 m49.5 m30.4 m

Current Liabilities

50.4 m114.7 m90.7 m

Long-term debt

44.5 m124.7 m

Total Debt

44.5 m124.7 m

Total Liabilities

52 m211.9 m292.9 m

Common Stock

19 k

Additional Paid-in Capital

1.7 m5.1 m572.5 m

Retained Earnings

(83.7 m)(138.6 m)(348.7 m)

Total Equity

(81.9 m)(133.4 m)223.9 m

Debt to Equity Ratio

-0.3 x0.6 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

-2 x-2 x2.3 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

61.2 m61.6 m266.3 m203.5 m

Accounts Receivable

624 k526 k822 k1.8 m

Prepaid Expenses

7.7 m12.6 m11.1 m10.7 m

Inventories

50 m46.9 m43.5 m39.7 m

Current Assets

127.8 m123.1 m323 m256.9 m

PP&E

190.3 m233.4 m239 m227.1 m

Total Assets

322.5 m359.3 m564.8 m487.7 m

Accounts Payable

77.7 m67.7 m41.2 m27.7 m

Short-term debt

31.5 m

Current Liabilities

151.5 m164.8 m102.5 m88.2 m

Long-term debt

99.6 m124.6 m124.7 m

Total Debt

99.6 m156.1 m124.7 m

Total Liabilities

311.5 m357.9 m304.6 m290.8 m

Common Stock

19 k

Additional Paid-in Capital

6.9 m28.9 m569.8 m577.6 m

Retained Earnings

(190.7 m)(222.4 m)(309.6 m)(380.8 m)

Total Equity

(183.9 m)(193.4 m)260.2 m(196.8 m)

Debt to Equity Ratio

-0.5 x-0.8 x

Debt to Assets Ratio

0.3 x0.4 x

Financial Leverage

-1.8 x-1.9 x2.2 x-2.5 x

Blue Apron Cash Flow

Annual

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

Net Income

(30.8 m)(46.9 m)(54.9 m)(210.1 m)

Depreciation and Amortization

611 k2.9 m8.2 m26.8 m

Accounts Receivable

(169 k)4 k(130 k)(123 k)

Inventories

(1.3 m)(16.2 m)(25.7 m)451 k

Accounts Payable

9.1 m18.9 m3.7 m(4.8 m)

Cash From Operating Activities

(16.9 m)(26.4 m)(23.5 m)(152.4 m)

Purchases of PP&E

(3.7 m)(10.4 m)(59.7 m)(124.2 m)

Cash From Investing Activities

(10.3 m)(5.9 m)(66.5 m)(123.7 m)

Short-term Borrowings

(40 k)(140 k)(264 k)(194 k)

Cash From Financing Activities

44.8 m137 m44.6 m423.2 m

Net Change in Cash

17.6 m104.7 m(45.4 m)(147 m)

Interest Paid

14 k33 k96 k4.7 m

Income Taxes Paid

355 k70 k

Quarterly

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

Net Income

3 m8.6 m(52.2 m)(83.8 m)(171 m)(31.7 m)

Depreciation and Amortization

1.5 m3.3 m4.2 m9.6 m18.3 m8.4 m

Accounts Receivable

(420 k)103 k(139 k)(41 k)(4 m)1.1 m

Inventories

(6.6 m)(10.2 m)(5.5 m)(2.6 m)55 k3 m

Accounts Payable

4.2 m(3.7 m)23.2 m14.7 m2.8 m(2.2 m)

Cash From Operating Activities

6 m26 m(19 m)(70.7 m)(122.8 m)(20.5 m)

Purchases of PP&E

(2.7 m)(8 m)(54.9 m)(89.9 m)(116.1 m)(5.1 m)

Cash From Investing Activities

(5.7 m)(11.7 m)(56.3 m)(91.3 m)(115.7 m)(4.5 m)

Short-term Borrowings

(77 k)(146 k)(77 k)(95 k)(145 k)(61 k)

Cash From Financing Activities

(39 k)(61 k)55 m142.2 m423.3 m(15 k)

Net Change in Cash

173 k14.3 m(20.3 m)(19.8 m)184.8 m(25 m)

Interest Paid

10 k20 k283 k1.1 m2.4 m1.7 m

Income Taxes Paid

70 k220 k190 k190 k

Blue Apron Ratios

USDY, 2018

EV/EBITDA

-13.1 x

EV/EBIT

-9.4 x

EV/CFO

-13.7 x

Financial Leverage

-2.5 x
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Blue Apron Operating Metrics

Blue Apron's Orders was reported to be 3.5 m in Q1, 2018. Blue Apron's Customers was reported to be 786 k in Q1, 2018.
Y, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Apr, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018

Orders

841 k1.25 m1.76 m1.97 m2.90 m3.40 m3.60 m3.67 m4.27 m4.03 m3.61 m3.20 m3.47 m

Customers

213 k303 k414 k429 k649 k766 k907 k879 k1.04 m943 k856 k746 k786 k

Average Order Value

$57.77 $58.74 $58.01 $59.21 $59.28 $59.40 $57.12 $58.78 $57.23 $58.81 $58.16 $57.99 $56.58

Orders per Customer

3.90 4.10 4.30 4.60 4.50 4.40 4 4.20 4.10 4.30 4.20 4.30 4.40

Average Revenue per Customer

$228 $242 $247 $272 $265 $264 $227 $246 $236 $251 $245 $248 $250

Total Paid Orders

25 m

Total Meals Delivered Since Inception

159 m

Meals Delivered per Month

1 m3 m8 m

App Downloads (iOS)

1.30 m

Food Suppliers

300

Recipes in Database

1 k

Cost per Customer

$164 $181.50 $202.20 $202.80 $173.40 $166.20 $160.60 $167.50 $162.70 $173.40 $192.10 $192.10 $164.50
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Blue Apron Human Capital

Blue Apron's employees are reported to be approximately 43% female and 57% male.

Gender

Y, 2017
Female43 %
Male57 %

Ethnicity

Y, 2017
Black16 %
Asian20 %
Hispanic16 %
White42 %
Other6 %
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