The company offers cloud-based collaboration, customer engagement, and connected objects as well as IT management services that are required to empower, manage, secure, and support mobile workplaces. Its offerings include join.me, Xively, Central, AppGuru, Cubby, BoldChat, and Rescue. Its products are deployed on demand and are accessible through any web browser.

Founded in 2003, LogMeIn is headquartered in Amsterdam, Netherlands. It also has additional offices in the Unites States, Australia, and Hungary.

Company Growth (employees)
Type
Public
HQ
Boston, US
Founded
2003
Size (employees)
1,124 (est)+12%
LogMein was founded in 2003 and is headquartered in Boston, US

Key People at LogMein

Michael Simon

Michael Simon

CEO
Ed Gillis

Ed Gillis

Director
William Wagner

William Wagner

President & COO

LogMein Office Locations

LogMein has offices in Boston, Amsterdam, San Francisco, Wichita and in 6 other locations
Boston, US (HQ)
320 Summer St
Bangalore, IN
1st Floor, Pine Valley Building Embassy Golf Links Business Park Intermediate Ring Road
Sydney, AU
Level 4, 66 King St
Szeged, HU
Széchenyi Tér 3. I Em.
Budapest, HU
Andrássy út, 9. Ii. Em.
Dublin, IE
1st Floor Bloodstone Building Bloodstoney Road

LogMein Data and Metrics

LogMein Financial Metrics

LogMein's revenue was reported to be $187.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

187.5 m

Gross profit (Q1, 2017)

148.5 m

Gross profit margin (Q1, 2017), %

79%

Net income (Q1, 2017)

(18.6 m)

EBIT (Q1, 2017)

(34.2 m)

Market capitalization (25-Jul-2017)

4.9 b

Cash (31-Mar-2017)

266.7 m
LogMein's current market capitalization is $4.9 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

222 m271.6 m336.1 m

Revenue growth, %

34%22%24%

Cost of goods sold

28.7 m35.5 m45.5 m

Gross profit

193.2 m236.1 m290.6 m

Gross profit Margin, %

87%87%86%

Sales and marketing expense

162.8 m

R&D expense

57.2 m

General and administrative expense

60.7 m

Operating expense total

184.5 m220.1 m286.2 m

EBIT

8.7 m16 m4.4 m

EBIT margin, %

4%6%1%

Interest expense

2 k574 k(1.4 m)

Interest income

654 k698 k

Pre tax profit

9.4 m17.5 m3.2 m

Income tax expense

1.4 m3 m(570 k)

Net Income

8 m14.6 m2.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

55 m58.1 m61.1 m64.8 m69.6 m79.7 m83.3 m85.1 m187.5 m

Cost of goods sold

7.4 m7.3 m8 m8.5 m8.7 m11.2 m11.4 m11.5 m38.9 m

Gross profit

47.6 m50.7 m53.1 m56.3 m60.9 m68.5 m71.8 m73.6 m148.5 m

Gross profit Margin, %

87%87%87%87%88%86%86%87%79%

Sales and marketing expense

31.1 m30.1 m34.4 m34.6 m33.9 m42.2 m41.7 m39.6 m75.8 m

R&D expense

8 m9.8 m9.1 m10.3 m10.4 m15.4 m14 m14.2 m33.1 m

General and administrative expense

7.4 m7.9 m6.7 m8.6 m8.5 m10.3 m11.4 m18.7 m49.4 m

Operating expense total

46.5 m47.7 m50.2 m53.5 m52.8 m67.9 m67.1 m72.5 m158.3 m

EBIT

782 k2.8 m(964 k)2.5 m7.8 m(707 k)3.4 m(228 k)(34.2 m)

EBIT margin, %

1%5%(2%)4%11%(1%)4%(0%)(18%)

Interest expense

(392 k)(367 k)(335 k)(449 k)

Interest income

183 k186 k177 k146 k

Pre tax profit

1.2 m2.9 m435 k2.9 m7.4 m(1.3 m)3.1 m(566 k)(34.4 m)

Income tax expense

(636 k)(63 k)(484 k)(1.8 m)(581 k)(91 k)

Net Income

1.3 m2.3 m372 k2.4 m5.6 m(1.1 m)2.5 m(657 k)(18.6 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

100.3 m77.3 m103.6 m111.9 m89.3 m101 m123.1 m140.8 m

Accounts Receivable

13 m18.3 m16 m25.9 m

Inventories

6.5 m4.5 m12 m5.7 m

Current Assets

212.1 m230.9 m236.4 m228.1 m

PP&E

13.2 m13.5 m21.7 m23.9 m

Goodwill

18.7 m37.9 m121.8 m

Total Assets

279.6 m317.8 m455.7 m443.3 m

Accounts Payable

6.4 m7.1 m10.3 m14.6 m

Total Debt

30 m

Current Liabilities

109 m138.2 m176.3 m206.9 m

Total Liabilities

247.2 m

Additional Paid-in Capital

200.2 m237.2 m276.8 m314.7 m

Retained Earnings

(1.4 m)6.5 m21.1 m(1.8 m)

Total Equity

167.3 m173.8 m207.8 m196.1 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.7 x1.8 x2.2 x2.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

120.8 m96.3 m132.2 m136.1 m160.4 m141.2 m139.9 m146.6 m266.7 m

Accounts Receivable

10.6 m11.1 m12.6 m14.2 m15.9 m15.1 m14.5 m16.2 m73 m

Current Assets

243.7 m219.8 m265.3 m264.7 m275.5 m257.6 m254.2 m248 m403.1 m

PP&E

13.7 m13.5 m15.6 m16.4 m18.7 m23.4 m26.1 m25.2 m80.2 m

Goodwill

25 m37.9 m37.9 m37.9 m37.9 m117.5 m117.5 m117.5 m2.2 b

Total Assets

316.9 m306.3 m354.5 m354.5 m367.2 m476.6 m471.9 m461.9 m4 b

Accounts Payable

6 m6.3 m10.4 m11.8 m11 m10.9 m12.3 m13.2 m29.6 m

Current Liabilities

131.5 m131.5 m169.5 m169.7 m172.6 m204.1 m207.2 m208.5 m429.9 m

Additional Paid-in Capital

219.1 m226.3 m249.3 m255.2 m260.7 m284.4 m292 m300.2 m3.2 b

Retained Earnings

895 k3.2 m6.9 m9.3 m14.8 m20 m22.5 m9.2 m(41.3 m)

Total Equity

181.5 m170.9 m179.8 m178.6 m189.8 m206.5 m205.1 m196.5 m3.1 b

Financial Leverage

1.7 x1.8 x2 x2 x1.9 x2.3 x2.3 x2.4 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(7.7 m)8 m14.6 m2.6 m

Depreciation and Amortization

7.7 m11.1 m13.7 m21.5 m

Accounts Receivable

302 k(5.8 m)2.2 m(10.2 m)

Inventories

(3 m)1.8 m(2.8 m)6 m

Accounts Payable

(2.2 m)1.7 m1.4 m6.1 m

Cash From Operating Activities

30 m74.2 m85.8 m92.3 m

Purchases of PP&E

(10.9 m)(7.5 m)(14.2 m)(14 m)

Cash From Investing Activities

(24.4 m)(32.9 m)(108 m)7.5 m

Cash From Financing Activities

(28.6 m)(24.3 m)49.6 m(79.4 m)

Interest Paid

2 k2 k574 k937 k

Income Taxes Paid

10.1 m1.5 m861 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.3 m2.3 m372 k2.4 m5.6 m(1.1 m)2.5 m(657 k)(18.6 m)

Accounts Receivable

10.6 m11.1 m12.6 m14.2 m15.9 m15.1 m14.5 m16.2 m73 m

Accounts Payable

6 m6.3 m10.4 m11.8 m11 m10.9 m12.3 m13.2 m29.6 m
USDY, 2017

Revenue/Employee

166.8 k

Financial Leverage

1.3 x

LogMein Operating Metrics

FY, 2015FY, 2016Q1, 2017

Patents Issued

13155

Patents Pending

11150

Users (LastPass)

10 m

Monthly Users (GoToMeeting & join.me)

20 m

Yearly Conference Calling Minutes

12 b

LogMein Market Value History

LogMein Job Categories

LogMein Online and Social Media Presence

LogMein News and Updates

LogMein Company Life and Culture

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