Etsy is an e-commerce site and a smartphone application for buying and selling handmade and vintage items. It is focused on handmade or vintage items and supplies, as well as unique factory-manufactured items. The items cover a wide range, including art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks and toys, as well as beads, wire and jewelry-making tools. All vintage items must be at least 20 years old. The site follows in the tradition of open craft fairs, giving sellers personal storefronts.

Type
Public
HQ
Brooklyn, US
Founded
2005
Size (employees)
789 (est)+9%
Website
etsy.com
Etsy was founded in 2005 and is headquartered in Brooklyn, US
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Key People/Management at Etsy

Josh Silverman

Josh Silverman

CEO
Rachel Glaser

Rachel Glaser

CFO
Mike Brittain

Mike Brittain

CTO
Linda Kozlowski

Linda Kozlowski

COO

Etsy Office Locations

Etsy has offices in Dublin and Brooklyn
Brooklyn, US (HQ)
117 Adams St
Dublin, IE
66-67 Strand Street Great
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Etsy Financials and Metrics

Etsy Financials

Etsy's revenue was reported to be $441.23 m in FY, 2017
USD

Revenue (Q1, 2018)

120.9 m

Gross profit (Q1, 2018)

79.6 m

Gross profit margin (Q1, 2018), %

65.8%

Net income (Q1, 2018)

13 m

EBIT (Q1, 2018)

13.8 m

Market capitalization (15-May-2018)

3.5 b

Closing share price (15-May-2018)

29.1

Cash (31-Mar-2018)

533.9 m

EV

3.2 b
Etsy's current market capitalization is $3.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

195.6 m273.5 m365 m441.2 m

Revenue growth, %

40%33%

Cost of goods sold

97 m123.3 m151 m

Gross profit

176.5 m241.6 m290.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

58.5 m61.4 m65.7 m81.8 m85.3 m87.6 m96.9 m101.7 m120.9 m

Cost of goods sold

20.7 m21.9 m24.2 m27.9 m29.1 m29.3 m34.7 m35.7 m41.3 m

Gross profit

37.8 m39.5 m41.5 m53.9 m56.3 m58.2 m62.2 m66 m79.6 m

Gross profit Margin, %

65%64%63%66%66%67%64%65%66%
Annual
usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

Cash

34.9 m36.8 m69.7 m271.2 m181.6 m315.4 m

Accounts Receivable

26.4 m33.7 m

Inventories

652 k

Current Assets

359.1 m371 m439.3 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

268.2 m266.3 m158.4 m167.5 m188 m194.8 m226.9 m533.9 m

Current Assets

343.4 m349.3 m340.6 m346.8 m353.4 m355.2 m376.2 m705 m

PP&E

85.4 m94.7 m116.5 m125.8 m

Goodwill

28.3 m28.4 m28.6 m28.1 m37.8 m36 m37.4 m39.2 m
Annual
usdFY, 2015FY, 2016FY, 2017

Net Income

(54.1 m)(29.9 m)81.8 m

Depreciation and Amortization

18.6 m22.5 m27.2 m

Inventories

(266 k)(6.2 m)

Accounts Payable

6.7 m(3.6 m)2.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(36.6 m)(42.9 m)(49.8 m)1.2 m(6.1 m)(8.5 m)(421 k)11.2 m13 m

Depreciation and Amortization

4.3 m9.1 m14 m4.7 m9.8 m15.6 m6.9 m13.6 m6.3 m

Accounts Payable

(419 k)(929 k)(3.5 m)173 k(5.8 m)(6.1 m)(3.4 m)(2.3 m)(6.6 m)

Cash From Operating Activities

8.9 m13.6 m19 m1.8 m19 m28.2 m3.3 m15.4 m26.4 m
USDY, 2018

EV/EBIT

232.4 x

EV/CFO

121.4 x

Financial Leverage

2.3 x
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Etsy News and Updates

The Barbarians Are at Etsy’s Hand-Hewn, Responsibly Sourced Gates

The ur-Brooklyn online craft marketplace is under pressure to start acting more like a conventional, shareholder-focused company.

Etsy opens machine learning center in Toronto

E-commerce company Etsy announced today that it will open a new artificial intelligence research and development center in Toronto, Canada. The company broke the news yesterday during a meeting with Canadian Prime Minister Justin Trudeau in New York City. Etsy’s third Machine Learning Center of Exce…

Meet the Founder Who's Taking Street Food to the 'Burbs

Hungry for a homemade meal? Pull Up a Seat will show you who's cooking around you.
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