Instructure (INST) Financials
$42.85
$1.5 B
Mkt cap, 15-May-2018$48 M
Revenue Q1, 2018Gross profit (Q1, 2018)34 M
Gross profit margin (Q1, 2018), %70.9%
Net income (Q1, 2018)-11.9 M
EBIT (Q1, 2018)-12.1 M
Cash, 31-Mar-2018136.7 M
Revenue/Financials
Income Statement
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Revenue | 44.4 m | 73.2 m | 110.9 m | 158.8 m |
Revenue growth, % | 65% | 51% | ||
Cost of goods sold | 32.7 m | 46.4 m | ||
Gross profit | 78.1 m | 112.4 m | ||
Gross profit Margin, % | 70% | 71% | ||
Sales and marketing expense | 70 m | 83.7 m | ||
R&D expense | 36 m | 48.3 m | ||
General and administrative expense | 25.5 m | 31.2 m | ||
Operating expense total | 131.5 m | 163.2 m | ||
EBIT | (53.4 m) | (50.8 m) | ||
EBIT margin, % | (48%) | (32%) | ||
Interest expense | 87 k | 55 k | ||
Interest income | 352 k | 361 k | ||
Pre tax profit | (53.4 m) | (50.2 m) | ||
Income tax expense | (167 k) | 391 k | ||
Net Income | (53.6 m) | (49.8 m) |
- Source: Company Filings
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|
Revenue | 23.3 m | 25.9 m | 30.1 m | 34 m | 38 m | 48 m |
Cost of goods sold | 7.3 m | 7.6 m | 8.6 m | 9.6 m | 11 m | 14 m |
Gross profit | 16 m | 18.3 m | 21.5 m | 24.4 m | 27.1 m | 34 m |
Gross profit Margin, % | 68% | 71% | 71% | 72% | 71% | 71% |
Sales and marketing expense | 16.2 m | 18 m | 17.8 m | 19 m | 21.3 m | 23.2 m |
R&D expense | 7.8 m | 8.7 m | 9.3 m | 11.2 m | 11.1 m | 14.7 m |
General and administrative expense | 5.7 m | 6 m | 6.7 m | 7 m | 7.6 m | 8.3 m |
Operating expense total | 29.7 m | 32.8 m | 33.8 m | 37.2 m | 40 m | 46.1 m |
EBIT | (13.8 m) | (14.5 m) | (12.3 m) | (12.8 m) | (12.9 m) | (12.1 m) |
EBIT margin, % | (59%) | (56%) | (41%) | (38%) | (34%) | (25%) |
Interest expense | 11 k | 12 k | 31 k | 14 k | 4 k | 9 k |
Interest income | 71 k | 61 k | 104 k | 76 k | 39 k | 238 k |
Pre tax profit | (13.7 m) | (14.5 m) | (12.3 m) | (12.7 m) | (12.9 m) | (11.7 m) |
Income tax expense | (32 k) | (67 k) | (10 k) | (31 k) | (105 k) | (139 k) |
Net Income | (13.7 m) | (14.6 m) | (12.3 m) | (12.7 m) | (13 m) | (11.9 m) |
- Source: Company Filings
Balance Sheet
Annual
| USD | FY, 2016 | FY, 2017 |
|---|---|---|
Cash | 44.5 m | 35.7 m |
Accounts Receivable | 6.8 m | |
Inventories | 8.1 m | |
Current Assets | 92.9 m | 86.1 m |
PP&E | 14.7 m | 23.9 m |
Goodwill | 989 k | 12.4 m |
Total Assets | 111.3 m | 135.4 m |
Accounts Payable | 5.4 m | 2.9 m |
Current Liabilities | 89.8 m | 116.6 m |
Total Liabilities | 101.4 m | 131.1 m |
Additional Paid-in Capital | 206.4 m | 250.9 m |
Retained Earnings | (196.5 m) | (246.5 m) |
Total Equity | 10 m | 4.4 m |
Financial Leverage | 11.2 x | 31.1 x |
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|
Cash | 69.7 m | 62 m | 59 m | 28.3 m | 25.7 m | 136.7 m |
Current Assets | 82.1 m | 108.9 m | 111.4 m | 62.9 m | 107.3 m | 180.4 m |
PP&E | 13.1 m | 13.2 m | 13.8 m | 16.9 m | 18.9 m | 27.1 m |
Goodwill | 989 k | 989 k | 989 k | 989 k | 989 k | 12.4 m |
Total Assets | 98.6 m | 125.6 m | 128.4 m | 83.9 m | 130.1 m | 242.8 m |
Accounts Payable | 3.8 m | 3.8 m | 6 m | 4.4 m | 4.9 m | 6.4 m |
Current Liabilities | 52.1 m | 87.9 m | 99.1 m | 70.6 m | 122 m | 97.6 m |
Total Liabilities | 64.1 m | 99.8 m | 110.9 m | 82.2 m | 134.2 m | 110.3 m |
Common Stock | 4 k | 3 k | 3 k | 3 k | 3 k | 3 k |
Additional Paid-in Capital | 191.1 m | 197 m | 201 m | 211.1 m | 218.3 m | 368.2 m |
Retained Earnings | (156.6 m) | (171.2 m) | (183.5 m) | (209.5 m) | (222.4 m) | (235.8 m) |
Total Equity | 34.5 m | 25.7 m | 17.4 m | 1.6 m | (4.1 m) | 132.4 m |
Financial Leverage | 2.9 x | 4.9 x | 7.4 x | 52 x | -31.6 x | 1.8 x |
Cash Flow
Annual
| USD | FY, 2016 | FY, 2017 |
|---|---|---|
Net Income | (53.6 m) | (49.8 m) |
Depreciation and Amortization | 4 m | 6.2 m |
Accounts Receivable | (8.8 m) | (12.8 m) |
Inventories | (592 k) | |
Accounts Payable | 4.1 m | 740 k |
Cash From Operating Activities | (21.6 m) | (21.1 m) |
Purchases of PP&E | (7 m) | (15.8 m) |
Cash From Investing Activities | (31.3 m) | 2.2 m |
Cash From Financing Activities | 7 m | 10.1 m |
Interest Paid | 19 k | |
Income Taxes Paid | 163 k |
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|
Net Income | (13.7 m) | (28.3 m) | (40.6 m) | (12.7 m) | (25.7 m) | (11.9 m) |
Depreciation and Amortization | 912 k | 1.9 m | 2.8 m | 1.2 m | 2.7 m | 2 m |
Accounts Receivable | 2.6 m | (32 m) | (13.9 m) | 5.3 m | (55.1 m) | 8.7 m |
Accounts Payable | 2.1 m | |||||
Cash From Operating Activities | (18.9 m) | (28.4 m) | (6.7 m) | (27.7 m) | (39.6 m) | (12.3 m) |
Purchases of PP&E | (2.3 m) | (3.4 m) | (4.9 m) | (3.1 m) | (7 m) | (4.8 m) |
Cash From Investing Activities | (2.1 m) | (3.4 m) | (29.2 m) | 10.5 m | 16.7 m | 879 k |
Cash From Financing Activities | 123 k | 3.3 m | 4.5 m | 996 k | 4.2 m | 112.5 m |
Interest Paid | 7 k | 11 k | 18 k | |||
Income Taxes Paid | 29 k | 31 k | 49 k | 127 k | 175 k | 61 k |
Ratios
| USD | Y, 2018 |
|---|---|
Revenue/Employee | 50.6 k |
Financial Leverage | 1.8 x |
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Operating Metrics
Instructure's Backlog was reported to be $213m in FY, 2016. Instructure's Customers was reported to be 2 k in FY, 2016.
- Source: Company Filings
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