GAIN Capital market cap is $228.3 m, and annual revenue was $219.66 m in FY 2019

GAIN Capital Net income (Q1, 2020)77.3 M

GAIN Capital EBIT (Q1, 2020)105.8 M

GAIN Capital Cash, 31-Mar-2020293.3 M

GAIN Capital revenue breakdown by business segment: 81.1% from Retail, 7.3% from Institutional and 11.6% from Futures

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 411.8m | 308.6m | 358.0m | 219.7m |

| (5%) | (25%) | 16% | |

## Sales and marketing expense | 28.7m | 31.2m | 36.5m | 38.4m |

## R&D expense | 19.5m | |||

## General and administrative expense | 55.0m | 45.7m | 55.2m | 50.6m |

## Operating expense total | 354.2m | 308.9m | 307.9m | 108.5m |

## Depreciation and amortization | 13.9m | 17.9m | 19.7m | 25.9m |

## EBIT | 57.7m | (322.0k) | 50.0m | (60.1m) |

| 14% | 0% | 14% | (27%) |

## Interest expense | 552.0k | 883.0k | 1.9m | 2.3m |

## Interest income | 16.6m | |||

## Pre tax profit | 47.2m | (17.1m) | 36.5m | (73.6m) |

## Income tax expense | 9.8m | 11.8m | 8.5m | (12.9m) |

## Net Income | 37.4m | (10.6m) | 93.6m | (60.8m) |

- Source: SEC Filings

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 59.6m | 98.1m | 81.3m | 106.9m | 182.5m | 95.5m | 34.8m | 71.7m | 62.9m | 183.4m |

## Sales and marketing expense | 9.3m | 7.5m | 6.4m | 6.0m | 12.7m | 10.2m | 10.2m | 10.1m | 10.4m | 7.1m |

## R&D expense | 5.5m | 5.7m | 4.8m | 4.4m | 4.5m | |||||

## General and administrative expense | 9.7m | 12.8m | 11.4m | 13.0m | 26.7m | 12.2m | 12.8m | 11.7m | 13.3m | 13.8m |

## Operating expense total | 80.6m | 80.2m | 75.3m | 83.6m | 149.7m | 27.9m | 28.7m | 26.6m | 28.0m | 25.5m |

## Depreciation and amortization | 4.0m | 4.3m | 4.6m | 5.7m | 10.7m | 8.2m | 7.6m | 6.3m | 5.9m | 6.1m |

## EBIT | 17.3m | (31.1m) | 6.5m | 136.0k | 105.8m | |||||

| 18% | (89%) | 9% | 0% | 58% | |||||

## Interest expense | 163.0k | 136.0k | 264.0k | 374.0k | 766.0k | 518.0k | 613.0k | 615.0k | 580.0k | 484.0k |

## Interest income | 3.3m | 4.3m | 4.4m | 4.3m | ||||||

## Investment income | ||||||||||

## Pre tax profit | 13.9m | (34.4m) | 3.1m | (3.3m) | 102.4m | |||||

## Income tax expense | 994.0k | 419.0k | 3.7m | 4.0m | (6.1m) | 2.2m | (1.2m) | 25.1m | ||

## Net Income | 14.1m | (2.4m) | 16.3m | 83.7m | 12.2m | (28.4m) | 925.0k | (2.1m) | 77.3m |

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 234.8m | 209.7m | 278.9m | 190.1m |

## Accounts Receivable | 378.7k | |||

## Inventories | ||||

## PP&E | 40.7m | 30.6m | 30.6m | |

## Goodwill | 32.1m | 33.0m | 27.8m | |

## Total Assets | 1.4b | 1.4b | 1.3b | 1.4b |

## Accounts Payable | 346.8k | |||

## Short-term debt | ||||

## Long-term debt | ||||

## Total Debt | ||||

## Total Liabilities | 1.1b | 1.2b | 1.0b | 1.1b |

## Common Stock | ||||

## Additional Paid-in Capital | 218.4m | 235.7m | 243.2m | 249.1m |

## Retained Earnings | 143.4m | 122.7m | 204.5m | 134.8m |

## Total Equity | 294.2m | 285.7m | 297.8m | 234.7m |

## Financial Leverage | 4.9 x | 5.1 x | 4.5 x | 5.8 x |

- Source: SEC Filings

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 183.7m | 193.1m | 225.6m | 239.7m | 360.3m | 362.3m | 218.0m | 208.5m | 200.7m | 293.3m |

## PP&E | 38.0m | 39.7m | 41.6m | 40.2m | 36.5m | 33.5m | 29.9m | 29.0m | 28.8m | 29.1m |

## Goodwill | 32.3m | 32.7m | 32.9m | 33.4m | 28.2m | 28.0m | 28.0m | 27.8m | 27.5m | |

## Total Assets | 1.5b | 1.4b | 1.4b | 1.5b | 1.5b | 1.4b | 1.3b | 1.3b | 1.3b | 1.2b |

## Total Liabilities | 1.2b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.0b | 1.0b | 934.7m |

## Common Stock | ||||||||||

## Additional Paid-in Capital | 219.5m | 222.0m | 234.2m | 237.6m | 239.7m | 241.1m | 244.9m | 247.6m | 249.3m | 251.1m |

## Retained Earnings | 121.7m | 133.7m | 129.1m | 135.8m | 199.7m | 209.2m | 173.9m | 172.6m | 168.2m | 209.8m |

## Total Equity | 273.3m | 290.5m | 288.6m | 306.0m | 352.8m | 357.2m | 269.5m | 262.9m | 253.0m | 297.1m |

## Financial Leverage | 5.5 x | 4.9 x | 5 x | 4.8 x | 4.2 x | 4 x | 4.9 x | 5 x | 5.1 x | 4.1 x |

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 37.4m | 93.6m | (60.8m) | |

## Depreciation and Amortization | 28.9m | 34.0m | 35.1m | 25.9m |

## Accounts Receivable | ||||

## Inventories | ||||

## Accounts Payable | ||||

## Cash From Operating Activities | 124.8m | 11.1m | (129.3m) | 124.8m |

## Purchases of PP&E | (23.9m) | (20.9m) | (14.7m) | (16.2m) |

## Cash From Investing Activities | (31.3m) | (28.1m) | 78.9m | (18.7m) |

## Long-term Borrowings | (1.3m) | |||

## Dividends Paid | (10.2m) | (11.2m) | (10.3m) | (9.0m) |

## Cash From Financing Activities | (21.2m) | (21.5m) | (79.3m) | (16.6m) |

## Net Change in Cash | 96.2m | |||

## Interest Paid | 6.3m | 5.7m | 9.1m | 9.2m |

## Income Taxes Paid | 8.4m | 4.5m | 8.6m | 9.4m |

- Source: SEC Filings

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 83.7m | 96.0m | (28.4m) | (27.4m) | (29.5m) | 77.3m | ||||

## Depreciation and Amortization | 7.6m | 16.3m | 25.0m | 9.9m | 19.3m | 27.5m | 7.6m | 13.9m | 19.8m | 6.1m |

## Cash From Operating Activities | (34.7m) | 19.9m | (2.2m) | (5.1m) | (22.9m) | (29.5m) | 12.6m | 59.4m | ||

## Purchases of PP&E | (5.6m) | (10.2m) | (16.7m) | (3.9m) | (8.7m) | (11.5m) | (3.1m) | (7.1m) | (11.9m) | (4.2m) |

## Cash From Investing Activities | (10.8m) | (17.1m) | (23.9m) | (3.9m) | 88.0m | 82.2m | (5.5m) | (9.5m) | (14.3m) | (4.2m) |

## Dividends Paid | (2.9m) | (5.8m) | (8.5m) | (2.6m) | (5.3m) | (8.0m) | (2.3m) | (4.5m) | (6.7m) | (2.3m) |

## Cash From Financing Activities | (8.5m) | (15.7m) | (18.9m) | (6.5m) | (13.0m) | (19.3m) | (6.5m) | (10.9m) | (13.1m) | (60.8m) |

## Net Change in Cash | 61.1m | (23.9m) | (48.8m) | (31.9m) | (39.8m) | |||||

## Interest Paid | (163.0k) | (3.1m) | (3.4m) | (4.3m) | 2.9m | 4.7m | 8.7m | 3.9m | ||

## Income Taxes Paid | (403.0k) | (4.4m) | (4.7m) | (3.0m) | 5.5m | 6.8m | 7.6m | 553.0k |

- Source: SEC Filings

USD | FY, 2016 |
---|---|

## Revenue/Employee | 555.8k |

## Financial Leverage | 4.9 x |