$4.7 B

PVTL Mkt cap, 12-Dec-2018

$509.4 M

Pivotal Revenue FY, 2018
Pivotal Revenue growth (FY, 2017 - FY, 2018), %22%
Pivotal Gross profit (FY, 2018)281 M
Pivotal Gross profit margin (FY, 2018), %55.2%
Pivotal Net income (FY, 2018)-163.5 M
Pivotal EBIT (FY, 2018)-168.3 M
Pivotal Cash, 02-Feb-201873 M
Pivotal EV4.6 B

Pivotal Revenue

Pivotal revenue was $509.44 m in FY, 2018 which is a 22.4% year over year increase from the previous period.

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Pivotal Revenue Breakdown

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Pivotal revenue breakdown by business segment: 66.2% from Services and 33.8% from Subscription

Pivotal Funding Rounds

DateShares IssuedShare PriceAmount RaisedPost-money ValuationValuation Step-up

Series A

Apr 2013140,190,476$3.5 $490.7 m$1.2 b

Series B

Apr 201330,031,747$3.5 $105.1 m$1.3 b1.1

Series C

May 201644,793,047$5.2 $233.0 m$2.8 b2.1

Series C

May 2016125,535,880$5.2 $653.0 m
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Pivotal Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

280.9m416.3m509.4m

Revenue growth, %

48%22%

Cost of goods sold

187.3m234.3m228.4m

Gross profit

93.5m181.9m281.0m

Gross profit Margin, %

33%44%55%

Sales and marketing expense

187.3m194.3m221.2m

R&D expense

120.5m152.1m160.9m

General and administrative expense

58.5m62.0m67.2m

Operating expense total

366.3m408.4m449.3m

EBIT

(272.7m)(226.5m)(168.3m)

EBIT margin, %

(97%)(54%)(33%)

Pre tax profit

(278.9m)(230.3m)(166.2m)

Income tax expense

3.8m2.6m(2.6m)

Net Income

(282.5m)(232.5m)(163.5m)

Pivotal Balance Sheet

Annual

USDFY, 2017FY, 2018

Cash

133.9m73.0m

Accounts Receivable

145.4m210.7m

Current Assets

328.7m366.7m

PP&E

29.0m32.0m

Goodwill

696.2m696.2m

Total Assets

1.1b1.2b

Accounts Payable

4.6m17.2m

Current Liabilities

279.5m360.1m

Long-term debt

20.0m

Total Debt

20.0m

Total Liabilities

358.6m445.6m

Common Stock

1.4m1.4m

Preferred Stock

1.2b1.2b

Additional Paid-in Capital

479.4m594.4m

Retained Earnings

(979.1m)(1.1b)

Total Equity

757.7m707.8m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.5 x1.6 x

Pivotal Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

(282.7m)(232.9m)(163.5m)

Depreciation and Amortization

32.8m24.6m22.2m

Accounts Receivable

(16.4m)(95.4m)(66.1m)

Accounts Payable

(300.0k)(6.0m)12.6m

Cash From Operating Activities

29.2m(166.4m)(116.5m)

Purchases of PP&E

(12.3m)(19.5m)(12.9m)

Cash From Investing Activities

(33.6m)(28.9m)(12.9m)

Cash From Financing Activities

9.4m258.3m71.4m

Net Change in Cash

7.3m64.0m(60.9m)

Interest Paid

329.0k

Income Taxes Paid

3.5m3.6m892.0k

Pivotal Ratios

USDY, 2018

EV/EBIT

-27.6 x

EV/CFO

-39.9 x

Revenue/Employee

268.0k

Financial Leverage

1.6 x
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Pivotal Operating Metrics

Pivotal's Backlog was reported to be $820m in FY, 2018.
FY, 2015FY, 2016FY, 2017FY, 2018

Paying Business Customers

75 180 275 319

ISVs Integrated

75

Patents (US)

118

Patents (Foreign)

22

Patent Applications

159

Backlog

$475 m$820 m
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Pivotal Human Capital

Pivotal's employees are reported to be approximately 26% female and 74% male.

Gender

Y, 2017
Female26 %
Male74 %

Ethnicity

Y, 2017
White71.7 %
Hispanic5.1 %
Asian20.2 %
Other3 %
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Pivotal Employee Rating

4.0309 votes
Culture & Values
3.9
Work/Life Balance
4.1
Senior Management
3.3
Salary & Benefits
3.7
Career Opportunities
3.6
Source