Forex Capital Markets (FXCM) stock price, funding rounds, valuation and financials

Forex Capital Markets (FXCM) annual revenue was $284.06 m in FY 2016

$44 M

Forex Capital Markets (FXCM) Revenue Q3, 2017
Forex Capital Markets (FXCM) Net income (Q3, 2017)14.3 M
Forex Capital Markets (FXCM) EBIT (Q3, 2017)-4.2 M
Forex Capital Markets (FXCM) Cash, 30-Sept-2017121.9 M

Forex Capital Markets (FXCM) Funding

Summary Metrics

Founding Date

1999

Forex Capital Markets (FXCM) Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

415.9m417.3m489.6m463.8m402.3m284.1m

Revenue growth, %

(5%)(13%)(29%)

Sales and marketing expense

34.9m30.9m27.1m22.7m14.9m20.8m

R&D expense

31.9m37.1m38.4m48.4m33.5m28.3m

General and administrative expense

71.2m63.0m68.2m62.8m58.4m75.8m

Operating expense total

138.0m131.0m133.8m133.9m106.9m124.9m

Depreciation and amortization

53.7m54.9m28.3m27.3m

EBIT

50.2m60.3m39.1m(151.6m)(1.2m)

EBIT margin, %

12%12%8%(38%)0%

Interest expense

329.0k277.0k2.4m1.8m1.0m1.6m

Interest income

3.6m3.6m2.6m2.5m1.8m2.5m

Pre tax profit

69.6m47.5m51.9m25.6m(633.3m)162.6m

Income tax expense

10.8m9.0m17.0m6.0m181.2m777.0k

Net Income

12.7m9.0m14.8m17.2m(553.9m)70.6m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

103.4m109.1m102.6m91.7m114.9m122.9m140.1m113.2m115.0m97.9m116.1m215.2m60.5m59.6m71.5m70.6m61.4m45.9m49.4m44.0m

Sales and marketing expense

7.5m9.9m8.3m7.5m7.5m7.4m6.2m6.3m6.5m7.1m5.1m2.8m3.5m4.1m5.5m4.8m5.1m3.6m4.0m4.0m

R&D expense

8.0m8.2m8.4m8.6m9.6m8.4m9.8m10.1m12.2m12.0m13.4m9.5m9.2m7.3m7.6m6.5m6.9m6.0m5.6m5.5m

General and administrative expense

29.2m13.2m19.7m16.8m13.7m12.5m13.4m27.9m16.1m15.6m17.2m13.7m12.7m12.9m14.1m24.9m14.6m10.0m11.6m11.4m

Operating expense total

44.7m31.3m36.4m32.9m30.8m28.2m29.3m44.4m34.8m34.7m35.7m26.0m25.4m24.3m27.2m36.2m26.6m19.6m21.2m20.9m

Depreciation and amortization

12.8m12.6m13.1m15.0m7.0m6.8m7.3m7.2m6.9m8.9m5.2m5.1m4.9m

EBIT

16.6m(3.8m)22.6m29.9m25.3m(3.3m)7.4m(5.6m)7.3m(126.5m)(11.1m)(9.8m)737.0k(6.6m)(6.8m)(24.2m)2.1m(4.2m)

EBIT margin, %

16%(4%)20%24%18%(3%)6%(6%)6%(59%)(18%)(17%)1%(9%)(11%)(53%)4%(10%)

Interest expense

60.0k93.0k91.0k78.0k66.0k55.0k69.0k474.0k467.0k529.0k438.0k118.0k243.0k282.0k330.0k352.0k563.0k169.0k319.0k382.0k

Interest income

933.0k963.0k860.0k1.1m990.0k679.0k670.0k537.0k563.0k693.0k637.0k322.0k416.0k494.0k528.0k581.0k791.0k386.0k503.0k567.0k

Investment income

(148.0k)397.0k

Pre tax profit

5.8m23.7m16.4m(4.0m)21.4m28.9m23.6m(6.3m)4.1m(8.9m)3.9m(449.6m)(155.3m)98.6m90.8m88.6m(53.4m)(39.1m)(6.8m)(11.6m)

Income tax expense

2.1m8.1m2.4m(1.1m)3.6m8.0m6.4m2.4m1.3m(747.0k)1.1m179.8m1.6m295.0k582.0k(439.0k)(85.0k)(83.0k)844.0k359.0k

Net Income

3.3m3.4m2.9m(1.4m)4.5m6.9m10.1m(5.1m)2.1m(3.1m)2.4m(426.8m)(95.8m)73.6m49.7m60.4m(39.1m)(29.9m)(3.5m)14.3m

Forex Capital Markets (FXCM) Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

184.7m272.3m365.2m338.8m203.9m200.9m

Accounts Receivable

17.0m5.5m10.0m10.5m1.6m5.2m

Current Assets

1.3b1.5b1.6b1.7b1.1b968.8m

PP&E

39.7m50.3m49.2m48.2m35.9m

Goodwill

48.6m285.7m307.9m323.9m28.1m23.5m

Total Assets

1.5b2.1b2.2b2.4b1.2b1.0b

Accounts Payable

56.7m65.4m41.5m23.3m16.5m55.5m

Short-term debt

22.9m9.8m

Current Liabilities

1.1b1.4b1.3b1.4b739.1m723.9m

Long-term debt

147.7m

Total Debt

22.9m19.6m147.7m

Total Liabilities

1.2b1.5b1.6b1.7b1.5b1.0b

Common Stock

2.4m365.2m61.0k

Additional Paid-in Capital

86.2m171.4m245.4m273.7m267.4m389.9m

Retained Earnings

9.0m11.1m16.4m22.4m(531.5m)(460.9m)

Total Equity

293.4m574.9m635.4m643.0m(278.7m)

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

5.1 x3.6 x3.5 x3.7 x-4.4 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

179.5m177.6m221.3m214.0m260.0m273.4m373.7m421.9m357.9m348.8m326.7m215.7m217.0m186.4m208.1m208.7m220.2m144.1m124.5m121.9m

Accounts Receivable

17.7m16.1m10.9m24.0m16.8m8.2m27.5m9.1m14.0m13.2m20.3m5.8m5.9m13.9m1.4m1.5m404.0k6.5m5.1m16.3m

Current Assets

1.1b1.0b1.4b1.5b1.6b1.5b1.6b1.7b1.7b1.7b1.7b1.6b1.4b1.3b1.0b1.1b1.1b597.5m547.8m510.6m

PP&E

31.5m32.4m44.6m48.8m49.8m50.9m51.4m51.7m50.8m50.7m48.4m38.7m38.2m37.3m36.1m35.5m35.0m31.7m29.5m27.9m

Goodwill

39.4m38.3m49.0m306.4m307.7m282.3m280.7m305.4m328.5m328.9m326.1m27.9m30.1m28.7m27.4m25.4m24.7m

Total Assets

1.2b1.2b1.6b2.1b2.2b2.1b2.2b2.3b2.3b2.4b2.4b1.7b1.5b1.4b1.1b1.2b1.2b643.6m598.7m556.0m

Accounts Payable

54.8m52.3m53.6m69.4m77.8m50.8m62.5m79.5m70.9m56.9m56.8m38.4m39.3m48.6m37.4m41.6m52.0m39.2m19.1m17.2m

Short-term debt

45.0m87.2m87.2m22.9m15.3m15.3m9.8m7.5m7.5m22.0m22.8m24.3m19.4m20.7m21.8m

Current Liabilities

902.2m886.6m1.2b1.5b1.5b1.4b1.3b1.4b1.4b1.4b1.5b1.1b935.1m846.0m691.2m729.9m807.5m547.5m672.8m599.8m

Long-term debt

189.5m152.8m145.3m157.6m180.2m189.7m

Total Debt

45.0m87.2m87.2m22.9m15.3m30.6m19.6m14.9m14.9m189.5m152.8m145.3m179.6m202.9m214.0m19.4m20.7m21.8m

Total Liabilities

976.2m959.0m1.3b1.6b1.6b1.5b1.6b1.7b1.7b1.7b1.7b1.8b1.7b1.5b1.4b1.3b1.2b717.7m681.0m607.3m

Common Stock

15.1m67.4m56.3m314.6m13.3m8.7m9.0m21.4m23.5m3.7m1.6m2.3m

Additional Paid-in Capital

103.4m87.2m115.7m188.9m199.9m183.0m199.1m242.0m254.3m256.5m260.2m281.9m278.5m273.3m267.7m268.1m365.2m390.1m390.2m390.3m

Retained Earnings

4.2m6.7m10.7m7.7m10.2m15.8m23.7m16.1m15.7m9.8m9.5m(404.4m)(500.2m)(426.6m)(481.8m)(421.4m)(460.5m)(490.8m)(494.3m)(480.0m)

Total Equity

273.7m274.8m296.8m556.6m579.6m581.2m606.9m637.7m651.3m644.7m641.6m(87.2m)(222.1m)(107.6m)(220.2m)(133.7m)(59.8m)(104.4m)(109.3m)(100.8m)

Debt to Equity Ratio

0 x0 x0 x0 x-3.6 x

Debt to Assets Ratio

0 x0 x0 x0 x0.2 x

Financial Leverage

4.6 x4.5 x5.5 x3.8 x3.7 x3.5 x3.6 x3.7 x3.6 x3.7 x3.7 x-19.9 x-6.9 x-13.1 x-5.2 x-8.7 x-20 x-6.2 x-5.5 x-5.5 x

Forex Capital Markets (FXCM) Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

12.7m9.0m34.8m19.6m(932.8m)43.9m

Depreciation and Amortization

20.1m36.8m53.7m54.9m40.7m27.3m

Accounts Receivable

765.0k13.2m(3.6m)(722.0k)4.7m(42.0k)

Accounts Payable

4.6m(11.3m)16.0m(14.6m)(5.5m)8.6m

Cash From Operating Activities

82.6m102.1m123.6m42.1m(293.3m)21.9m

Purchases of PP&E

(30.0m)(27.3m)(23.4m)(22.2m)(17.3m)(18.2m)

Cash From Investing Activities

(44.3m)(68.0m)(70.7m)(62.8m)50.1m15.3m

Short-term Borrowings

(45.0m)(95.0m)(40.0m)(25.0m)

Long-term Borrowings

(117.3m)(38.2m)

Dividends Paid

(3.9m)(6.8m)(9.6m)(11.1m)(1.8m)

Cash From Financing Activities

(44.1m)56.4m47.2m1.2m120.6m(38.9m)

Net Change in Cash

(8.6m)87.6m92.9m(26.4m)

Interest Paid

2.3m3.4m5.0m31.3m37.8m

Income Taxes Paid

4.1m12.6m6.9m2.3m(399.0k)468.0k

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

6.1m9.5m2.9m1.4m6.0m6.9m17.0m29.4m2.8m(5.3m)(2.5m)(728.0m)(879.2m)(762.9m)59.2m147.7m72.3m(66.7m)(75.5m)(45.1m)

Depreciation and Amortization

8.8m14.2m6.2m13.0m24.8m12.0m24.5m37.3m12.6m25.8m40.8m20.9m26.2m33.5m7.2m14.2m21.1m6.6m11.0m15.9m

Accounts Receivable

788.0k2.4m2.1m(1.6m)5.6m(2.7m)(22.0m)(3.6m)(1.6m)(3.2m)(1.4m)(2.2m)(1.5m)2.5m234.0k(136.0k)935.0k27.0k437.0k4.7m

Accounts Payable

14.8m11.3m(4.0m)(11.9m)(4.8m)(6.0m)5.6m26.6m(660.0k)(12.9m)(13.8m)(1.2m)(1.1m)6.4m(558.0k)2.0m12.5m(15.6m)(25.0m)(23.0m)

Cash From Operating Activities

29.4m49.3m13.9m(9.8m)53.4m32.9m95.0m140.8m(30.5m)(30.0k)(8.7m)(290.8m)(276.8m)(301.1m)8.4m17.0m33.6m(19.5m)(38.0m)(28.7m)

Purchases of PP&E

(15.7m)(19.9m)(9.5m)(17.0m)(22.2m)(5.3m)(11.0m)(16.8m)(6.0m)(11.3m)(16.3m)(4.4m)(8.8m)(13.6m)(5.6m)(10.0m)(14.5m)(3.8m)(6.1m)(8.8m)

Cash From Investing Activities

(21.1m)(26.1m)(9.5m)11.6m6.4m(8.3m)(36.9m)(46.6m)(24.8m)(39.0m)(49.4m)(2.4m)40.3m40.6m(6.1m)(11.0m)(16.0m)799.0k51.0k44.1m

Short-term Borrowings

(20.0m)(30.0m)(45.0m)(15.0m)(95.0m)(95.0m)(25.0m)(30.0m)25.0m

Long-term Borrowings

(12.4m)(81.6m)(107.1m)(141.0k)(141.0k)(35.0m)(36.9m)(92.8m)

Dividends Paid

(2.1m)(3.0m)(1.2m)(2.7m)(4.7m)(2.2m)(4.4m)(6.9m)(2.7m)(5.5m)(8.3m)(1.1m)(1.2m)(1.2m)(5.0m)(5.0m)(5.0m)

Cash From Financing Activities

(23.9m)(37.9m)35.8m31.6m14.5m(15.4m)49.3m59.0m46.5m18.6m23.0m239.7m159.0m133.1m(245.0k)(245.0k)(40.0m)(41.9m)(97.8m)

Net Change in Cash

(13.8m)(15.7m)36.6m29.3m75.3m1.1m101.4m149.6m(7.3m)(16.5m)(38.5m)

Interest Paid

172.0k370.0k617.0k541.0k1.2m1.2m197.0k2.6m2.8m6.3m14.9m22.2m7.7m18.0m27.3m7.6m15.8m20.5m

Income Taxes Paid

2.7m6.4m8.7m263.0k487.0k3.2m(210.0k)402.0k407.0k199.0k47.0k(135.0k)(248.0k)(205.0k)194.0k558.0k1.1m1.3m

Forex Capital Markets (FXCM) Ratios

USDQ2, 2011

Financial Leverage

4.6 x