Cornerstone OnDemand (CSOD) stock price, revenue, and financials

Cornerstone OnDemand market cap is $3.8 b, and annual revenue was $740.92 m in FY 2020

$3.8 B

CSOD Mkt cap, 18-Oct-2021

Cornerstone OnDemand Revenue Q2, 2021

Cornerstone OnDemand Gross profit (Q2, 2021)153.6 M

Cornerstone OnDemand Gross profit margin (Q2, 2021), %71.6%

Cornerstone OnDemand Net income (Q2, 2021)-371 K

Cornerstone OnDemand EBIT (Q2, 2021)20.9 M

Cornerstone OnDemand Cash, 30-Jun-2021147 M

Cornerstone OnDemand EV4.8 B

Cornerstone OnDemand revenue was $740.92 m in FY, 2020 which is a 28.5% year over year increase from the previous period.

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Cornerstone OnDemand revenue breakdown by business segment: 95.2% from Subscription and 4.8% from Other

Cornerstone OnDemand revenue breakdown by geographic segment: 36.6% from All Other Countries and 63.4% from United States

USD	FY, 2018	FY, 2019	FY, 2020
Revenue	537.9m	576.5m	740.9m
Revenue growth, %	12%	7%	29%
Cost of goods sold	144.3m	149.2m	227.0m
Gross profit	393.5m	427.3m	513.9m
Gross profit Margin, %	73%	74%	69%
Sales and marketing expense	224.6m	227.7m	265.5m
R&D expense	77.0m	101.2m	112.9m
General and administrative expense	90.7m	86.5m	110.6m
Operating expense total	401.3m	415.4m	545.5m
EBIT	(7.8m)	11.9m	(31.6m)
EBIT margin, %	(1%)	2%	(4%)
Interest expense	28.2m	21.6m	63.0m
Interest income	7.8m	8.2m
Pre tax profit	(31.2m)	(1.4m)	(86.7m)
Income tax expense	2.6m	2.7m	(46.8m)
Net Income	(33.8m)	(4.1m)	(40.0m)
EPS	(0.6)	(0.1)	(0.6)

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Revenue	140.1m	141.9m	145.0m	150.1m	184.4m	199.5m	209.3m	214.3m
Cost of goods sold	33.7m	40.2m	37.2m	41.9m	58.0m	64.5m	60.5m	60.8m
Gross profit	106.4m	101.7m	107.8m	108.2m	126.4m	135.0m	148.7m	153.6m
Gross profit Margin, %	76%	72%	74%	72%	69%	68%	71%	72%
Sales and marketing expense	54.5m	58.7m	57.8m	55.3m	64.9m	71.9m	69.7m	67.8m
R&D expense	27.7m	24.3m	25.7m	24.1m	28.3m	29.7m	30.8m	27.2m
General and administrative expense	22.9m	22.2m	20.6m	24.7m	25.6m	28.9m	31.6m	31.5m
Operating expense total	105.2m	105.3m	104.1m	111.0m	148.7m	136.6m	139.7m	132.7m
EBIT	1.2m	(3.6m)	3.7m	(2.7m)	(22.4m)	(1.6m)	9.1m	20.9m
EBIT margin, %	1%	(3%)	3%	(2%)	(12%)	(1%)	4%	10%
Interest expense	5.4m	5.4m	5.4m	5.5m	18.2m	19.6m	18.8m	16.3m
Interest income	2.0m	2.2m	2.1m	1.7m
Pre tax profit	(2.7m)	(7.9m)	(626.0k)	(13.6m)	(41.1m)	(15.4m)	(14.6m)	1.9m
Income tax expense	722.0k	914.0k	591.0k	171.0k	(29.1m)	371.0k	(2.2m)	2.3m
Net Income	(3.5m)	(8.8m)	(1.2m)	(13.8m)	(12.0m)	(15.8m)	(12.5m)	(371.0k)
EPS	(0.1)	(0.1)	0.0	(0.2)	(0.2)	(0.2)	(0.2)	0.0

USD	FY, 2018	FY, 2019	FY, 2020
Cash	183.6m	215.9m	153.2m
Accounts Receivable	125.3m	131.1m	221.5m
Prepaid Expenses	34.9m	30.5m	30.6m
Current Assets	573.0m	612.3m	451.0m
PP&E	77.3m	36.5m	32.3m
Goodwill	47.5m	47.5m	961.3m
Total Assets	807.2m	966.1m	2.1b
Accounts Payable	11.9m	3.8m	1.4m
Short-term debt		7.2m	20.9m
Current Liabilities	400.4m	439.7m	597.7m
Long-term debt	335.1m	360.4m	1.2b
Total Debt	335.1m	367.6m	1.3b
Total Liabilities	751.2m	807.6m	1.9b
Common Stock	6.0k	6.0k	6.0k
Additional Paid-in Capital	585.4m	682.7m	835.1m
Retained Earnings	(530.0m)	(524.7m)	(564.7m)
Total Equity	55.9m	158.5m	268.9m
Debt to Equity Ratio	6 x	2.3 x	4.7 x
Debt to Assets Ratio	0.4 x	0.4 x	0.6 x
Financial Leverage	14.4 x	6.1 x	7.9 x

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Cash	357.0m	395.1m	218.7m	456.2m	136.5m	170.9m	128.9m	147.0m
Accounts Receivable	92.6m	103.6m	100.4m	94.2m	166.6m	156.7m	137.2m	140.8m
Prepaid Expenses	33.8m	38.9m	31.3m	33.8m	36.5m	30.6m	35.6m	34.2m
Current Assets	534.4m	563.5m	536.8m	617.6m	375.9m	397.1m	347.3m	370.3m
PP&E	33.1m	35.7m	37.7m	33.6m	38.6m	33.9m	28.0m	25.5m
Goodwill	47.5m	47.5m	47.5m	56.3m	961.6m	960.4m	961.6m	962.3m
Total Assets	818.7m	850.7m	868.7m	931.4m	2.1b	2.1b	2.0b	2.0b
Accounts Payable	9.2m	15.8m	6.9m	4.5m	20.0m	9.2m	104.5m	118.4m
Short-term debt	9.3m	11.2m	12.5m	8.8m	22.6m	27.3m	22.9m	22.7m
Current Liabilities	362.0m	376.7m	365.7m	383.1m	515.0m	513.3m	553.4m	545.5m
Long-term debt	368.9m	366.2m	362.4m	358.5m	1.3b	1.3b	1.1b	1.1b
Total Debt	378.2m	377.3m	374.9m	367.3m	1.3b	1.3b	1.2b	1.1b
Total Liabilities	743.2m	753.3m	737.7m	750.1m	1.8b	1.8b	1.7b	1.7b
Common Stock	6.0k	6.0k	6.0k	6.0k	6.0k	6.0k	7.0k	7.0k
Additional Paid-in Capital	608.2m	637.8m	661.9m	716.2m	788.2m	808.6m	861.0m	887.7m
Retained Earnings	(533.4m)	(542.2m)	(534.1m)	(538.5m)	(550.4m)	(566.2m)	(577.1m)	(577.5m)
Total Equity	75.6m	97.4m	131.0m	181.3m	241.5m	244.8m	282.6m	308.6m
Debt to Equity Ratio	5 x	3.9 x	2.9 x	2 x	5.5 x	5.4 x	4.1 x	3.7 x
Debt to Assets Ratio	0.5 x	0.4 x	0.4 x	0.4 x	0.6 x	0.6 x	0.6 x	0.6 x
Financial Leverage	10.8 x	8.7 x	6.6 x	5.1 x	8.6 x	8.5 x	7 x	6.4 x

USD	FY, 2018	FY, 2019	FY, 2020
Net Income	(33.8m)	(4.1m)	(40.0m)
Depreciation and Amortization	35.3m	41.6m	117.0m
Accounts Receivable	27.2m	(5.6m)	(31.0m)
Accounts Payable	(5.5m)	(8.8m)	(11.9m)
Cash From Operating Activities	90.3m	115.5m	96.9m
Purchases of PP&E	(14.9m)	(18.0m)	(5.8m)
Cash From Investing Activities	(20.9m)	(97.7m)	(1.1b)
Long-term Borrowings	(253.0m)		(52.5m)
Cash From Financing Activities	(278.0m)	14.8m	917.2m
Net Change in Cash	(210.0m)	32.3m	(60.1m)
Interest Paid	13.6m	17.4m	49.9m
Income Taxes Paid	1.9m	1.7m	6.2m

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Net Income	(3.5m)	(12.3m)	(13.5m)	(13.8m)	(25.8m)	(41.5m)	(12.5m)	(12.8m)
Depreciation and Amortization	10.9m	20.0m	30.8m	12.0m	43.2m	80.2m	36.8m	71.1m
Accounts Receivable	33.0m	21.9m	23.9m	35.5m	21.3m	32.2m	81.4m	78.7m
Accounts Payable	(2.8m)	1.6m	(6.0m)	523.0k	3.8m	(6.9m)	(28.3m)	(11.6m)
Cash From Operating Activities	7.3m	28.5m	53.0m	6.0m	28.8m	61.9m	78.1m	123.4m
Purchases of PP&E	(4.2m)	(9.3m)	(16.0m)	(971.0k)	(2.3m)	(2.9m)	(943.0k)	(2.6m)
Cash From Investing Activities	159.0m	174.3m	(30.8m)	224.8m	(1.1b)	(1.1b)	(8.7m)	(17.8m)
Long-term Borrowings							(102.5m)	(124.6m)
Cash From Financing Activities	6.8m	8.7m	14.1m	10.1m	961.9m	965.1m	(95.0m)	(112.6m)
Net Change in Cash	173.4m	211.5m	35.1m	240.2m	(74.3m)	(39.9m)	(24.4m)	(6.0m)
Interest Paid	8.7m	8.7m	17.4m	8.6m	8.7m	38.9m	19.0m	27.1m
Income Taxes Paid	390.0k	970.0k	1.5m	955.0k	2.5m	3.7m	2.7m	3.9m

Cornerstone OnDemand's Users was reported to be 40 m in FY, 2019. Cornerstone OnDemand's Customers was reported to be 6 k in Q3, 2020.

	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Users	35.3 m	36 m	36.7 m	38.5 m	40 m				40 m
Customers	3.25 k	3.28 k	3.36 k	3.43 k	3.54 k	3.5 k	3.6 k	3.64 k	3.6 k	3.6 k	6.3 k	6 k
Countries	192	192	192	192	192	190	190	180	187	187	180	180
Annual Recurring Revenue	$439 m				$473.05 m				$575 m
Billings	$525.82 m