Qualtrics Revenue
Qualtrics revenue was $289.90 m in FY, 2017 which is a 52.1% year over year increase from the previous period.
Summary - Funding Rounds
Founding Date | 2002 |
Total Funding | $400 m |
Investors | Sequoia Capital, Accel Partners, Insight Venture Partners |
In total, Qualtrics had raised $400 m. Qualtrics is a subsidiary of SAP
Qualtrics Revenue Breakdown
Qualtrics revenue breakdown by business segment: 8.6% from Professional Services and Other, 17.9% from Research on Demand and 73.6% from Subscription
Qualtrics revenue breakdown by geographic segment: 21.4% from International and 78.6% from United States
Qualtrics Funding Rounds
| Date | Shares Issued | Share Price | Amount Raised | Post-money Valuation | Valuation Step-up | |
|---|---|---|---|---|---|---|
Series A | May 2012 | 70,000,000 | $1.0 | $70.0 m | $63.5 m | |
Series B | Sept 2014 | $150.0 m | $98.1 m | 1.5 | ||
Series C | Apr 2017 | $180.0 m | $2.5 b | 25.5 |
Qualtrics Income Statement
Annual
| USD | FY, 2016 | FY, 2017 |
|---|---|---|
Revenue | 190.6m | 289.9m |
Revenue growth, % | 52% | |
Cost of goods sold | 61.0m | 79.1m |
Gross profit | 129.6m | 210.8m |
Gross profit Margin, % | 68% | 73% |
Sales and marketing expense | 95.9m | 140.5m |
R&D expense | 22.3m | 40.7m |
General and administrative expense | 21.9m | 26.5m |
Operating expense total | 140.1m | 207.7m |
EBIT | (10.5m) | 3.1m |
EBIT margin, % | (6%) | 1% |
Pre tax profit | (11.0m) | 4.5m |
Income tax expense | 1.0m | 1.9m |
Net Income | (12.0m) | 2.6m |
EPS | (2.4) | 0.0 |
Quarterly
| USD | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 49.5m | 54.7m | 61.9m | 69.6m | 75.6m | 82.8m | 87.1m | 97.1m | 105.4m |
Cost of goods sold | 15.8m | 18.2m | 17.6m | 18.3m | 20.7m | 22.5m | 24.0m | 25.2m | 27.2m |
Gross profit | 33.7m | 36.5m | 44.3m | 51.2m | 54.9m | 60.3m | 63.1m | 72.0m | 78.1m |
Gross profit Margin, % | 68% | 67% | 72% | 74% | 73% | 73% | 72% | 74% | 74% |
Sales and marketing expense | 24.0m | 25.8m | 33.2m | 36.1m | 33.7m | 37.5m | 46.0m | 45.3m | 47.0m |
R&D expense | 5.8m | 7.0m | 7.7m | 10.5m | 10.9m | 11.6m | 12.7m | 15.3m | 17.7m |
General and administrative expense | 5.4m | 6.8m | 5.4m | 6.1m | 5.6m | 9.3m | 10.1m | 8.9m | 7.9m |
Operating expense total | 35.2m | 39.5m | 46.3m | 52.8m | 50.2m | 58.4m | 68.9m | 69.5m | 72.5m |
EBIT | (1.5m) | (3.1m) | (2.0m) | (1.6m) | 4.7m | 1.9m | (5.8m) | 2.5m | 5.6m |
EBIT margin, % | (3%) | (6%) | (3%) | (2%) | 6% | 2% | (7%) | 3% | 5% |
Pre tax profit | (1.5m) | (3.5m) | (1.8m) | (1.1m) | 5.2m | 2.2m | (4.7m) | 1.8m | 5.5m |
Income tax expense | 204.0k | 300.0k | 441.0k | 358.0k | 523.0k | 585.0k | (345.0k) | 802.0k | 631.0k |
Net Income | (1.7m) | (3.8m) | (2.2m) | (1.5m) | 4.7m | 1.6m | (4.4m) | 975.0k | 4.9m |
Qualtrics Balance Sheet
Annual
| USD | FY, 2016 | FY, 2017 |
|---|---|---|
Cash | 61.9m | 113.4m |
Accounts Receivable | 60.5m | 81.7m |
Prepaid Expenses | 10.3m | 16.8m |
Current Assets | 140.1m | 222.7m |
PP&E | 19.9m | 28.0m |
Goodwill | 645.0k | 645.0k |
Total Assets | 180.7m | 280.3m |
Accounts Payable | 9.5m | 11.4m |
Current Liabilities | 158.1m | 214.5m |
Total Liabilities | 163.6m | 223.3m |
Common Stock | 1.0k | 1.0k |
Preferred Stock | 99.8m | 129.6m |
Additional Paid-in Capital | 1.2m | 8.2m |
Retained Earnings | (83.9m) | (81.3m) |
Total Equity | (82.7m) | (72.6m) |
Financial Leverage | -2.2 x | -3.9 x |
Quarterly
| USD | Q2, 2018 | Q3, 2018 |
|---|---|---|
Cash | 135.6m | 137.7m |
Accounts Receivable | 79.2m | 86.0m |
Prepaid Expenses | 14.7m | 13.4m |
Current Assets | 241.1m | 250.8m |
PP&E | 28.9m | 36.1m |
Goodwill | 3.8m | 3.8m |
Total Assets | 314.8m | 334.3m |
Accounts Payable | 10.9m | 11.2m |
Current Liabilities | 253.7m | 264.8m |
Total Liabilities | 260.6m | 274.6m |
Common Stock | 1.0k | 1.0k |
Preferred Stock | 129.6m | 129.6m |
Additional Paid-in Capital | 10.2m | 10.7m |
Retained Earnings | (84.7m) | (79.8m) |
Total Equity | (75.3m) | (69.8m) |
Financial Leverage | -4.2 x | -4.8 x |
Qualtrics Cash Flow
Annual
| USD | FY, 2016 | FY, 2017 |
|---|---|---|
Net Income | (12.0m) | 2.6m |
Depreciation and Amortization | 9.0m | 10.8m |
Accounts Receivable | (24.9m) | (21.2m) |
Accounts Payable | 1.0m | 1.5m |
Cash From Operating Activities | 17.8m | 39.6m |
Capital Expenditures | (14.4m) | (18.3m) |
Cash From Investing Activities | (15.3m) | (18.3m) |
Cash From Financing Activities | (130.0k) | 29.8m |
Net Change in Cash | 2.3m | 51.6m |
Income Taxes Paid | 545.0k | 1.2m |
Free Cash Flow | 3.4m | 21.3m |
Quarterly
| USD | Q2, 2017 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|
Net Income | (3.7m) | (3.4m) | 1.5m |
Depreciation and Amortization | 5.0m | 7.0m | 10.8m |
Accounts Receivable | 2.2m | 2.5m | 20.4m |
Accounts Payable | (762.0k) | (255.0k) | (353.0k) |
Cash From Operating Activities | 26.5m | 39.3m | 52.5m |
Capital Expenditures | (5.5m) | (7.6m) | (16.4m) |
Cash From Investing Activities | (5.5m) | (16.1m) | (24.9m) |
Cash From Financing Activities | 29.8m | (2.4m) | |
Net Change in Cash | 51.2m | 22.2m | (24.3m) |
Income Taxes Paid | 314.0k | 508.0k | 833.0k |
Free Cash Flow | 21.0m | 31.7m | 36.1m |
