Medidata revenue was $635.7 m in FY, 2018 which is a 16.5% year over year increase from the previous period.

## Founding Date | 1999 |

## Total Funding | $20 m |

## Investors | Insight Venture Partners, Silicon Alley Venture Partners |

Medidata is a subsidiary of Dassault Systemes

Medidata revenue breakdown by business segment: 84.3% from Subscription and 15.7% from Professional Services

Medidata revenue breakdown by geographic segment: 14.1% from Europe, Middle East and Africa, 6.0% from Japan, 74.9% from United States and 5.0% from Other

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

## Revenue | 463.4m | 545.5m | 635.7m |

| 18% | 18% | 17% |

## Cost of goods sold | 112.6m | 126.8m | 159.2m |

## Gross profit | 350.8m | 418.7m | 476.5m |

| 76% | 77% | 75% |

## Sales and marketing expense | 109.3m | 126.3m | 151.9m |

## R&D expense | 112.6m | 138.6m | 162.8m |

## General and administrative expense | 78.7m | 94.3m | 110.5m |

## Operating expense total | 300.6m | 354.4m | 425.2m |

## Depreciation and amortization | 1.3m | 4.1m | 6.3m |

## EBIT | 50.2m | 64.3m | 51.3m |

| 11% | 12% | 8% |

## Interest expense | 17.3m | 17.8m | 15.9m |

## Interest income | 4.4m | 5.7m | 7.4m |

## Pre tax profit | 37.3m | 52.2m | 50.1m |

## Income tax expense | 8.3m | 7.8m | (1.8m) |

## Net Income | 29.0m | 44.4m | 51.9m |

## EPS | 0.5 | 0.7 | 0.9 |

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

## Revenue | 126.8m | 137.4m | 140.1m | 149.2m | 155.9m | 163.4m | 173.5m | 180.5m |

## Cost of goods sold | 30.6m | 31.9m | 31.6m | 36.3m | 37.5m | 42.2m | 46.0m | 49.6m |

## Gross profit | 96.2m | 105.5m | 108.5m | 112.9m | 118.4m | 121.2m | 127.5m | 130.9m |

| 76% | 77% | 77% | 76% | 76% | 74% | 73% | 73% |

## Sales and marketing expense | 30.1m | 32.8m | 31.4m | 36.9m | 37.1m | 38.3m | 43.4m | 44.4m |

## R&D expense | 29.9m | 35.9m | 36.2m | 37.5m | 40.8m | 40.6m | 46.5m | 48.5m |

## General and administrative expense | 24.0m | 23.1m | 23.7m | 25.2m | 27.7m | 28.1m | 32.6m | 36.1m |

## Operating expense total | 84.0m | 91.8m | 86.6m | 99.6m | 105.6m | 107.1m | 122.5m | 129.0m |

## Depreciation and amortization | 537.0k | 1.1m | 1.2m | 1.2m | 1.4m | 1.8m | 1.9m | 1.9m |

## EBIT | 12.2m | 13.7m | 22.0m | 13.3m | 12.8m | 14.1m | 5.0m | 1.9m |

| 10% | 10% | 16% | 9% | 8% | 9% | 3% | 1% |

## Interest expense | 4.3m | 4.4m | 4.4m | 5.6m | 5.7m | 3.1m | 1.1m | 1.1m |

## Interest income | 1.2m | 1.3m | 1.5m | 2.1m | 2.3m | 2.1m | 945.0k | 599.0k |

## Pre tax profit | 9.0m | 10.7m | 19.1m | 9.7m | 17.2m | 12.7m | 4.8m | 1.8m |

## Income tax expense | (501.0k) | 2.4m | 6.2m | (582.0k) | 605.0k | 2.0m | (6.4m) | (6.1m) |

## Net Income | 9.5m | 8.3m | 12.8m | 10.3m | 16.6m | 10.7m | 11.1m | 7.9m |

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

## Cash | 93.5m | 237.3m | 105.4m |

## Accounts Receivable | 128.5m | 110.7m | 170.7m |

## Prepaid Expenses | 20.4m | 37.3m | 28.9m |

## Current Assets | 518.8m | 637.6m | 462.5m |

## PP&E | 58.5m | 88.1m | 99.0m |

## Goodwill | 30.8m | 47.4m | 216.0m |

## Total Assets | 817.9m | 1.0b | 913.2m |

## Accounts Payable | 6.2m | 5.0m | 7.5m |

## Short-term debt | 278.1m | ||

## Current Liabilities | 132.3m | 429.1m | 170.7m |

## Long-term debt | 265.1m | 98.1m | 92.2m |

## Non-Current Liabilities | 283.6m | 119.6m | 111.1m |

## Total Debt | 265.1m | 376.2m | 92.2m |

## Total Liabilities | 415.9m | 548.7m | 281.8m |

## Common Stock | 614.0k | 628.0k | 661.0k |

## Additional Paid-in Capital | 418.5m | 486.1m | 574.7m |

## Retained Earnings | 102.4m | 146.7m | 213.8m |

## Total Equity | 402.0m | 497.4m | 631.4m |

## Debt to Equity Ratio | 0.7 x | 0.8 x | 0.1 x |

## Debt to Assets Ratio | 0.3 x | 0.4 x | 0.1 x |

## Financial Leverage | 2 x | 2.1 x | 1.4 x |

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

## Net Income | 29.0m | 44.4m | 51.9m |

## Depreciation and Amortization | 15.3m | 24.1m | 35.0m |

## Accounts Receivable | (25.2m) | 4.0m | (61.6m) |

## Accounts Payable | 2.8m | (3.0m) | 3.5m |

## Cash From Operating Activities | 88.8m | 121.7m | 89.2m |

## Purchases of PP&E | (25.7m) | (44.6m) | (40.1m) |

## Cash From Investing Activities | (41.3m) | (78.0m) | 72.1m |

## Short-term Borrowings | (100.0k) | ||

## Long-term Borrowings | 100.0m | 5.0m | |

## Cash From Financing Activities | (3.3m) | 99.1m | (290.4m) |

## Net Change in Cash | 44.0m | 143.6m | (130.2m) |

## Interest Paid | 2.9m | 2.9m | 7.0m |

## Income Taxes Paid | 2.1m | 4.4m | 3.9m |

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

## Net Income | 9.5m | 17.8m | 30.6m | 10.3m | 26.9m | 37.6m | 11.1m | 19.0m |

## Depreciation and Amortization | 4.5m | 10.1m | 16.9m | 7.8m | 16.2m | 25.3m | 10.5m | 22.2m |

## Accounts Receivable | 12.0m | 4.1m | 9.1m | (23.1m) | (27.2m) | (53.7m) | (7.5m) | (28.3m) |

## Accounts Payable | 130.0k | 4.5m | (3.8m) | 2.6m | 1.8m | 3.5m | 1.4m | 1.2m |

## Cash From Operating Activities | 22.5m | 60.7m | 91.6m | 5.0m | 23.8m | 57.2m | 6.1m | 30.4m |

## Purchases of PP&E | (6.8m) | (16.6m) | (30.5m) | (11.1m) | (19.5m) | (28.9m) | (18.2m) | (32.4m) |

## Cash From Investing Activities | (17.1m) | (42.7m) | (57.7m) | (4.9m) | (129.5m) | 83.1m | 19.7m | 35.9m |

## Long-term Borrowings | (1.2m) | (3.7m) | (1.2m) | (2.5m) | ||||

## Cash From Financing Activities | (8.9m) | (1.5m) | 181.0k | (11.4m) | (11.1m) | (293.7m) | (22.4m) | (32.5m) |

## Net Change in Cash | (3.3m) | 16.9m | 34.7m | (10.7m) | (117.0m) | (153.8m) | 3.6m | 33.7m |

## Interest Paid | 1.4m | 1.4m | 2.9m | 2.2m | 3.3m | 6.0m | 990.0k | 2.0m |

## Income Taxes Paid | 640.0k | 2.9m | 3.9m | 1.1m | 2.3m | 3.4m |

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

## Revenue/Employee | 325.4k |

## Debt/Equity | 0.7 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2 x |