OnDeck financials

OnDeck Revenue

OnDeck revenue was $444.49 m in FY, 2019 which is a 11.6% year over year increase from the previous period.

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Founding Date	2006
Total Funding	$172.3 m
Investors	Founders Fund, First Round Capital, Foundation Capital, Khosla Ventures, Sapphire Ventures, Village Ventures, Google Ventures, RRE Ventures, Tiger Global Management, Peter Thiel, Industry Ventures, SF Capital, SF Capital Group, IVP, GV, IVP (Institutional Venture Partners)

In total, OnDeck had raised $172.3 m. OnDeck is a subsidiary of Enova

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OnDeck revenue breakdown by business segment: 96.4% from Interest income and 3.6% from Other

USD	FY, 2017	FY, 2018	FY, 2019
Revenue	351.0m	398.4m	444.5m
Revenue growth, %	20%	14%	12%
Cost of goods sold	199.1m	195.6m	218.0m
Gross profit	151.8m	202.8m	226.4m
Gross profit Margin, %	43%	51%	51%
Sales and marketing expense	52.8m	44.1m	50.5m
General and administrative expense	41.9m	61.3m	63.8m
Operating expense total	166.2m	177.5m	206.3m
Pre tax profit	(14.3m)	25.3m	20.1m
Income tax expense			(3.5m)
Net Income	(14.3m)	25.3m	23.6m
EPS	(0.2)	0.4	0.4

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Revenue	90.3m	95.6m	103.0m	110.2m	110.2m	112.6m	110.6m	80.5m
Cost of goods sold	48.2m	45.5m	50.8m	54.6m	54.3m	54.4m	119.5m	34.0m
Gross profit	42.1m	50.1m	52.2m	55.5m	55.9m	58.2m	(8.9m)	46.5m
Gross profit Margin, %	47%	52%	51%	50%	51%	52%	(8%)	58%
Sales and marketing expense	10.6m	11.4m	10.8m	12.0m	13.3m	12.3m	11.7m	5.5m
General and administrative expense	17.7m	16.0m	13.1m	14.0m	16.4m	16.5m	16.3m	13.7m
Operating expense total	44.6m	45.3m	42.7m	48.3m	52.0m	51.7m	51.1m	39.7m
Pre tax profit	(2.4m)	4.8m	9.5m	7.3m	4.0m	6.5m	(60.0m)	(4.1m)
Income tax expense				1.7m	1.8m	(1.6m)
Net Income	(2.4m)	4.8m	9.5m	5.5m	2.2m	8.1m	(60.0m)	(4.1m)
EPS	0.0	0.1	0.1	0.1	0.1	0.1	(0.9)	0.0

USD	FY, 2017	FY, 2018	FY, 2019
Cash	71.4m	59.9m	56.3m
Accounts Receivable	843.8m	1.0b	1.1b
PP&E	23.6m	16.7m	20.3m
Total Assets	996.0m	1.2b	1.3b
Accounts Payable	2.7m	4.0m	6.5m
Total Debt	692.3m	816.2m	915.0m
Total Liabilities	730.0m	857.3m	993.9m
Common Stock	386.0k	396.0k	405.0k
Additional Paid-in Capital	492.5m	506.2m	513.6m
Retained Earnings	(222.8m)	(195.2m)	(169.0m)
Total Equity	266.1m	304.3m	296.2m
Debt to Equity Ratio	2.6 x	2.7 x	3.1 x
Debt to Assets Ratio	0.7 x	0.7 x	0.7 x
Financial Leverage	3.7 x	3.8 x	4.4 x

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Cash	70.4m	74.3m	71.3m	60.1m	58.7m	59.4m	121.1m	71.7m
Accounts Receivable	892.0m	922.5m	984.2m	1.1b	1.1b	1.1b	1.1m	727.5m
PP&E	17.5m	16.9m	16.3m	16.2m	17.1m	18.6m	23.7m	24.6m
Total Assets	1.0b	1.1b	1.1b	1.2b	1.2b	1.3b	1.3b	968.6m
Accounts Payable	3.0m	4.1m	5.7m	4.8m	5.8m	3.7m	6.8m	7.7m
Total Debt	738.0m	755.7m	812.4m	842.3m	841.6m	870.6m	1.0m	680.4m
Total Liabilities	773.0m	794.5m	849.7m	911.1m	915.2m	942.7m	1.1b	742.6m
Common Stock	389.0k	391.0k	393.0k	399.0k	401.0k	404.0k	406.0k	408.0k
Additional Paid-in Capital	496.6m	499.3m	503.0m	510.6m	508.6m	511.9m	514.8m	516.9m
Retained Earnings	(224.8m)	(219.0m)	(209.2m)	(189.3m)	(187.0m)	(178.3m)	(217.5m)	(215.3m)
Total Equity	267.5m	277.7m	290.2m	313.6m	317.8m	317.9m	213.4m	219.1m
Debt to Equity Ratio	2.8 x	2.7 x	2.8 x	2.7 x	2.6 x	2.7 x	0 x	3.1 x
Debt to Assets Ratio	0.7 x	0.7 x	0.7 x	0.7 x	0.7 x	0.7 x	0 x	0.7 x
Financial Leverage	3.9 x	3.9 x	3.9 x	3.9 x	3.9 x	4 x	6.3 x	4.4 x

USD	FY, 2017	FY, 2018	FY, 2019
Net Income	(14.3m)	25.3m	23.6m
Depreciation and Amortization	10.0m	7.8m	6.4m
Accounts Payable	(2.6m)	1.5m	2.5m
Cash From Operating Activities	210.2m	263.8m	282.4m
Purchases of PP&E	(1.3m)	(1.1m)	(3.2m)
Cash From Investing Activities	(156.6m)	(399.6m)	(303.6m)
Long-term Borrowings	(273.7m)	(632.7m)	(691.6m)
Cash From Financing Activities	(62.5m)	121.7m	20.9m
Net Change in Cash	(8.2m)	(17.2m)	(770.0k)
Interest Paid	41.9m	42.2m	40.0m
Income Taxes Paid			9.3m

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Net Income	(2.4m)	2.3m	11.8m	5.5m	7.5m	15.6m	(60.0m)	(64.2m)
Depreciation and Amortization	2.2m	4.2m	6.2m	1.7m	3.6m	5.2m	1.6m	3.3m
Accounts Payable	364.0k	1.4m	3.0m	859.0k	1.5m	(587.0k)	518.0k	1.3m
Cash From Operating Activities	53.9m	118.5m	182.2m	68.8m	136.6m	206.7m	57.4m	101.0m
Purchases of PP&E	(313.0k)	(695.0k)	(677.0k)	(536.0k)	(1.4m)	(3.0m)	(2.4m)	(2.9m)
Cash From Investing Activities	(98.7m)	(177.7m)	(294.7m)	(87.5m)	(125.4m)	(208.2m)	(106.8m)	219.1m
Long-term Borrowings	(24.6m)	(342.8m)	(577.6m)	(182.8m)	(359.4m)	(434.7m)	(126.3m)	(508.4m)
Cash From Financing Activities	45.4m	64.3m	118.6m	25.9m	(6.1m)	13.6m	102.2m	(267.9m)
Net Change in Cash	300.0k	3.6m	5.4m	7.1m	4.4m	11.7m	53.4m	52.7m
Interest Paid	10.5m	21.4m	32.3m	9.9m	20.0m	30.2m	9.6m	19.1m
Income Taxes Paid							30.0k	67.0k

	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020
Annual Percentage Yield	33.7%	35.6%	36.1%	36.5%	36.2%	35.6%	35%	35.1%	35.1%	33.3%	28.4%
Customers					97 k				114 k
Industries Served	700				700				700
Loans Originated	$2.11 b	$590.59 m	$586.73 m	$647.8 m	$2.48 b	$635.51 m	$591.85 m	$629.25 m	$2.47 b	$591.86 m	$65.57 m
Loans Originated to Date	$8 b				$10 b				$13 b