Carbonite, Inc. (Carbonite) provides cloud and hybrid backup solutions. The Company's solutions are designed to address the specific needs of small and medium sized businesses (SMBs) and individuals. The Company's suite of solutions includes Carbonite Personal, which include unlimited cloud backup for one computer at three different service levels for individuals; Carbonite Pro, the Company's small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual flat fee based on the amount of storage needed, and Carbonite Server Backup, the Company's hybrid server backup solution that protects an unlimited number of servers, databases and live applications, and offers management capabilities. As of December 31, 2014, the Company had subscribers in over 100 countries with subscribers based in the United States representing approximately 94% of its total revenue.
Company Growth (employees)
Boston, US
Size (employees)
611 (est)
Carbonite was founded in 2005 and is headquartered in Boston, US

Key People at Carbonite

David Friend

David Friend

Chairman & CEO
Andrew Barr

Andrew Barr

Team Member
Anthony Folger

Anthony Folger

CFO & Treasurer
Jeff Flowers

Jeff Flowers

Co - Founder & Board Member

Carbonite Office Locations

Carbonite has offices in Boston, Lewiston, Ismaning
Boston, US (HQ)
2 Ave de Lafayette
Ismaning, DE
1 Gutenbergstraße
Lewiston, US
24 Mollison Way

Carbonite Metrics

Carbonite Financial Metrics

Revenue (2016)

$207 m

Revenue growth (2015-16), %


Gross profit

$146 m

Gross profit margin (2016), %


Net income (2016)

($4.1 m)

Market capitalization (21-Mar-2017)

$549.1 m

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$59.2 m
Carbonite's current market capitalization is $549.1 m.
Carbonite's revenue was reported to be $207 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016


$107.2 m$122.6 m$136.6 m$207 m

Revenue growth, %


Cost of goods sold

$34.9 m$38.6 m$38.8 m$60.9 m

Gross profit

$72.3 m$84.1 m$97.8 m$146 m

Gross profit Margin, %


Operating expense total

$82.9 m$92.6 m$119.5 m$148.8 m


($10.6 m)($8.6 m)($21.7 m)($2.8 m)

EBIT margin, %


Interest income

$2 k$145 k$68 k

Pre tax profit

($10.6 m)($9 m)($21.5 m)($2.7 m)

Income tax expense

($55 k)($367 k)$102 k$1.4 m

Net Income

($10.6 m)($9.4 m)($21.6 m)($4.1 m)
FY, 2013FY, 2014FY, 2015FY, 2016


$50.4 m$46.1 m$63.9 m$59.2 m

Accounts Receivable

$1.9 m


$3.1 m$5.2 m$3.2 m$7.3 m

Current Assets

$70.4 m$69.6 m$72 m$83.3 m


$22.1 m$25.9 m$22.1 m$23.9 m


$11.5 m$23.7 m$23.1 m$23.7 m

Total Assets

$109.2 m$131.8 m$126 m$144.8 m

Accounts Payable

$3.8 m$7.3 m$8.4 m$5.8 m

Current Liabilities

$81.5 m$93.3 m$100.2 m$111.9 m

Common Stock

$265 k

Preferred Stock

Additional Paid-in Capital

$142.6 m$152.9 m$165.4 m$177.9 m

Retained Earnings

($130 m)($139.3 m)($160.9 m)($165 m)

Total Equity

$12.8 m$1.1 m$5.8 m

Financial Leverage

8.5 x117.4 x24.8 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($10.6 m)($9.4 m)($21.6 m)($4.1 m)

Depreciation and Amortization

$12.6 m$12.5 m$13.6 m$15.9 m

Accounts Receivable

($303 k)$17 k($1.4 m)($13 m)


($586 k)($830 k)$1 m($1.5 m)

Accounts Payable

($1.4 m)$2 m$2.9 m($3.3 m)

Cash From Operating Activities

$14.6 m$22.7 m$13.2 m$13.2 m

Purchases of PP&E

($9.8 m)($14.5 m)($9.7 m)($6.6 m)

Cash From Investing Activities

($9.3 m)($31.1 m)$8.3 m($16.3 m)

Income Taxes Paid

$1.2 m

Carbonite Market Value History

Carbonite Median Salaries

Source: 66 public H-1B filings from Carbonite

Carbonite Online Presence

Carbonite News

Carbonite Company Life

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