SendGrid Gross profit (Q3, 2017)20.7 M

SendGrid Gross profit margin (Q3, 2017), %73.1%

SendGrid Net income (Q3, 2017)-1.6 M

SendGrid EBIT (Q3, 2017)-1.6 M

SendGrid Cash, 30-Sep-201737.4 M

SendGrid EV1.4 B

SendGrid revenue was $79.93 m in FY, 2016 which is a 36.7% year over year increase from the previous period.

SendGrid revenue breakdown by geographic segment: 37.0% from International and 63.0% from United States

USD | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|

## Revenue | 42.8m | 58.5m | 79.9m |

| 37% | 37% | |

## Cost of goods sold | 15.2m | 19.0m | 21.6m |

## Gross profit | 27.6m | 39.5m | 58.3m |

| 64% | 68% | 73% |

## Sales and marketing expense | 15.3m | 13.7m | 21.8m |

## R&D expense | 15.3m | 19.0m | 21.2m |

## General and administrative expense | 9.6m | 12.5m | 18.9m |

## Operating expense total | 40.2m | 45.2m | 61.9m |

## EBIT | (12.6m) | (5.7m) | (3.6m) |

| (29%) | (10%) | (5%) |

## Interest expense | 305.0k | 165.0k | 195.0k |

## Pre tax profit | (13.0m) | (5.9m) | (3.9m) |

## Net Income | (13.0m) | (5.9m) | (3.9m) |

- Source: SEC Filings

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 12.9m | 14.1m | 15.0m | 16.5m | 17.1m | 19.0m | 20.7m | 23.1m | 24.8m | 27.0m | 28.3m |

## Cost of goods sold | 4.3m | 4.5m | 4.9m | 5.3m | 5.2m | 5.4m | 5.4m | 5.6m | 6.5m | 7.3m | 7.6m |

## Gross profit | 8.6m | 9.6m | 10.1m | 11.2m | 11.9m | 13.7m | 15.3m | 17.5m | 18.4m | 19.7m | 20.7m |

| 67% | 68% | 67% | 68% | 69% | 72% | 74% | 76% | 74% | 73% | 73% |

## Sales and marketing expense | 3.1m | 3.4m | 3.4m | 3.9m | 4.5m | 5.4m | 5.4m | 6.5m | 6.6m | 6.9m | 7.1m |

## R&D expense | 4.6m | 4.5m | 4.8m | 5.0m | 5.2m | 5.1m | 5.3m | 5.5m | 65.2m | 7.1m | 7.5m |

## General and administrative expense | 2.7m | 3.1m | 3.1m | 3.6m | 3.9m | 4.6m | 4.6m | 5.8m | 7.0m | 6.5m | 7.7m |

## Operating expense total | 10.4m | 11.0m | 11.3m | 12.5m | 13.7m | 15.1m | 15.2m | 17.9m | 20.2m | 20.5m | 22.4m |

## EBIT | (1.8m) | (1.3m) | (1.2m) | (1.4m) | (1.8m) | (1.4m) | 71.0k | (403.0k) | (1.8m) | (767.0k) | (1.6m) |

| (14%) | (9%) | (8%) | (8%) | (11%) | (8%) | 0% | (2%) | (7%) | (3%) | (6%) |

## Pre tax profit | (1.8m) | (1.4m) | (1.2m) | (1.4m) | (1.9m) | (1.6m) | (2.0k) | (425.0k) | (1.8m) | (1.3m) | (1.6m) |

## Net Income | (1.8m) | (1.4m) | (1.2m) | (1.4m) | (1.9m) | (1.6m) | (2.0k) | (425.0k) | (1.8m) | (1.3m) | (1.6m) |

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 |
---|---|---|

## Cash | 9.3m | 40.4m |

## Accounts Receivable | 2.6m | 4.1m |

## Prepaid Expenses | 1.7m | 2.6m |

## Current Assets | 14.0m | 47.2m |

## PP&E | 10.4m | 19.2m |

## Total Assets | 24.7m | 66.6m |

## Accounts Payable | 3.6m | 7.8m |

## Short-term debt | 4.2m | 5.0m |

## Current Liabilities | 8.3m | 13.4m |

## Long-term debt | 3.2m | 5.6m |

## Total Debt | 7.3m | 10.7m |

## Total Liabilities | 12.8m | 23.7m |

## Common Stock | 4.0k | 5.0k |

## Preferred Stock | 47.9m | 80.7m |

## Additional Paid-in Capital | 3.7m | 5.8m |

## Retained Earnings | (39.7m) | (43.6m) |

## Total Equity | (35.9m) | (37.8m) |

## EPS | (0.8) | (0.5) |

## Debt to Equity Ratio | -0.2 x | -0.3 x |

## Debt to Assets Ratio | 0.3 x | 0.2 x |

## Financial Leverage | -0.7 x | -1.8 x |

USD | Q2, 2017 | Q3, 2017 |
---|---|---|

## Cash | 37.6m | 37.4m |

## Accounts Receivable | 4.7m | 6.7m |

## Prepaid Expenses | 3.0m | 5.4m |

## Current Assets | 45.4m | 49.5m |

## PP&E | 24.9m | 26.3m |

## Goodwill | 1.6m | 1.6m |

## Total Assets | 73.4m | 79.7m |

## Accounts Payable | 9.0m | 11.3m |

## Short-term debt | 5.7m | 5.8m |

## Current Liabilities | 15.9m | 19.5m |

## Long-term debt | 10.0m | 10.8m |

## Total Debt | 15.6m | 16.6m |

## Total Liabilities | 31.5m | 38.1m |

## Common Stock | 5.0k | 5.0k |

## Preferred Stock | 80.7m | 80.7m |

## Additional Paid-in Capital | 7.9m | 9.3m |

## Retained Earnings | (46.7m) | (48.3m) |

## Total Equity | (38.8m) | (39.0m) |

## EPS | (0.4) | (0.6) |

## Debt to Equity Ratio | -0.4 x | -0.4 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x |

## Financial Leverage | -1.9 x | -2 x |

USD | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|

## Net Income | (13.0m) | (5.9m) | (3.9m) |

## Depreciation and Amortization | 2.9m | 5.5m | 6.9m |

## Accounts Receivable | (664.0k) | (963.0k) | (1.3m) |

## Accounts Payable | 523.0k | 1.1m | 2.8m |

## Cash From Operating Activities | (9.6m) | 1.2m | 9.7m |

## Purchases of PP&E | (2.4m) | (1.3m) | (7.1m) |

## Cash From Investing Activities | (2.6m) | (1.0m) | (6.5m) |

## Long-term Borrowings | (1.5m) | (3.9m) | (5.1m) |

## Cash From Financing Activities | 19.3m | (3.2m) | 28.0m |

## Net Change in Cash | 7.0m | (3.0m) | 31.1m |

## Interest Paid | 492.0k | 172.0k | 182.0k |

USD | Q2, 2016 | Q3, 2016 | Q2, 2017 | Q3, 2017 |
---|---|---|---|---|

## Net Income | (3.5m) | (3.5m) | (3.1m) | (4.7m) |

## Depreciation and Amortization | 3.4m | 5.1m | 4.6m | 7.0m |

## Accounts Receivable | (796.0k) | (261.0k) | (803.0k) | (458.0k) |

## Accounts Payable | 1.6m | 1.3m | 2.1m | 4.3m |

## Cash From Operating Activities | 2.4m | 7.1m | 5.1m | 10.1m |

## Purchases of PP&E | (1.0m) | (4.5m) | (3.0m) | (4.8m) |

## Cash From Investing Activities | (893.0k) | (4.3m) | (5.1m) | (6.9m) |

## Long-term Borrowings | (2.4m) | (3.7m) | (3.0m) | (5.1m) |

## Cash From Financing Activities | (2.4m) | (3.6m) | (2.8m) | (6.2m) |

## Net Change in Cash | (877.0k) | (907.0k) | (2.8m) | (3.0m) |

## Interest Paid | 194.0k | 21.0k | 69.0k | 42.0k |

USD | Y, 2017 |
---|---|

## EV/EBIT | -857.5 x |

## EV/CFO | 139.6 x |

## Revenue/Employee | 66.3k |

## Debt/Equity | -0.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | -2 x |

## P/E Ratio | (51.5) |

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SendGrid's Customers was reported to be 74 k in Oct, 2018. SendGrid's Active Customers was reported to be 120 k in Nov, 2016.

Y, 2009 | FY, 2014 | FY, 2015 | Q2, 2016 | Q3, 2016 | Nov, 2016 | FY, 2016 | Q2, 2017 | Q3, 2017 | Oct, 2018 | |
---|---|---|---|---|---|---|---|---|---|---|

## Customers | 100 | 28.50 k | 33.40 k | 40 k | 42.70 k | 42 k | 45.90 k | 55.20 k | 58.20 k | 74 k |

## Emails Processed (for the Period Ended) | 100 m | 161 b | 233 b | 149 b | 237 b | 338 b | 210 b | 325 b | ||

## Retention Rate | 116% | 112% | 110% | 110% | 111% | 117% | 116% | |||

## Active Customers | 120 k | |||||||||

## Emails Processed per Day | 1 b | |||||||||

## Emails Processed per Month | 30 b | 35 b | 36 b | 45 b | ||||||

## Emails Processed to Date | 1 t |

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SendGrid's employees are reported to be approximately 31% female and 69% male.

Y, 2017 | Y, 2014 | |
---|---|---|

White | 75 % | 83 % |

Asian | 11 % | 10 % |

Hispanic | 7 % | |

Other | 7 % | 7 % |

- Source: www.deartechpeople.com, fortune.com, sendgrid.com

Y, 2017 | Y, 2016 | Y, 2015 | Y, 2014 | |
---|---|---|---|---|

Female | 31 % | 32 % | 24 % | 22 % |

Male | 69 % | 68 % | 76 % | 78 % |

- Source: www.deartechpeople.com, fortune.com, sendgrid.com

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