SendGrid's Financials

$28.3 M

Revenue Q3, 2017

Gross profit (Q3, 2017)20.7 M

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

Net income (Q3, 2017)(1.6 M)

EBIT (Q3, 2017)(1.6 M)

Cash, 30-Sep-201737.4 M

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	42.8 m	58.5 m	79.9 m
Revenue growth, %		37%	37%
Cost of goods sold	15.2 m	19 m	21.6 m
Gross profit	27.6 m	39.5 m	58.3 m
Gross profit Margin, %	64%	68%	73%
Sales and marketing expense	15.3 m	13.7 m	21.8 m
R&D expense	15.3 m	19 m	21.2 m
General and administrative expense	9.6 m	12.5 m	18.9 m
Operating expense total	40.2 m	45.2 m	61.9 m
EBIT	(12.6 m)	(5.7 m)	(3.6 m)
EBIT margin, %	(29%)	(10%)	(5%)
Interest expense	305 k	165 k	195 k
Pre tax profit	(13 m)	(5.9 m)	(3.9 m)
Net Income	(13 m)	(5.9 m)	(3.9 m)

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q4, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q4, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	12.9 m	14.1 m	15 m	16.5 m	17.1 m	19 m	20.7 m	23.1 m	24.8 m	27 m	28.3 m
Cost of goods sold	4.3 m	4.5 m	4.9 m	5.3 m	5.2 m	5.4 m	5.4 m	5.6 m	6.5 m	7.3 m	7.6 m
Gross profit	8.6 m	9.6 m	10.1 m	11.2 m	11.9 m	13.7 m	15.3 m	17.5 m	18.4 m	19.7 m	20.7 m
Gross profit Margin, %	67%	68%	67%	68%	69%	72%	74%	76%	74%	73%	73%
Sales and marketing expense	3.1 m	3.4 m	3.4 m	3.9 m	4.5 m	5.4 m	5.4 m	6.5 m	6.6 m	6.9 m	7.1 m
R&D expense	4.6 m	4.5 m	4.8 m	5 m	5.2 m	5.1 m	5.3 m	5.5 m	65.2 m	7.1 m	7.5 m
General and administrative expense	2.7 m	3.1 m	3.1 m	3.6 m	3.9 m	4.6 m	4.6 m	5.8 m	7 m	6.5 m	7.7 m
Operating expense total	10.4 m	11 m	11.3 m	12.5 m	13.7 m	15.1 m	15.2 m	17.9 m	20.2 m	20.5 m	22.4 m
EBIT	(1.8 m)	(1.3 m)	(1.2 m)	(1.4 m)	(1.8 m)	(1.4 m)	71 k	(403 k)	(1.8 m)	(767 k)	(1.6 m)
EBIT margin, %	(14%)	(9%)	(8%)	(8%)	(11%)	(8%)	0%	(2%)	(7%)	(3%)	(6%)
Pre tax profit	(1.8 m)	(1.4 m)	(1.2 m)	(1.4 m)	(1.9 m)	(1.6 m)	(2 k)	(425 k)	(1.8 m)	(1.3 m)	(1.6 m)
Net Income	(1.8 m)	(1.4 m)	(1.2 m)	(1.4 m)	(1.9 m)	(1.6 m)	(2 k)	(425 k)	(1.8 m)	(1.3 m)	(1.6 m)

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	(13 m)	(5.9 m)	(3.9 m)
Depreciation and Amortization	2.9 m	5.5 m	6.9 m
Accounts Receivable	(664 k)	(963 k)	(1.3 m)
Accounts Payable	523 k	1.1 m	2.8 m
Cash From Operating Activities	(9.6 m)	1.2 m	9.7 m
Purchases of PP&E	(2.4 m)	(1.3 m)	(7.1 m)
Cash From Investing Activities	(2.6 m)	(1 m)	(6.5 m)
Long-term Borrowings	(1.5 m)	(3.9 m)	(5.1 m)
Cash From Financing Activities	19.3 m	(3.2 m)	28 m
Net Change in Cash	7 m	(3 m)	31.1 m
Interest Paid	492 k	172 k	182 k

USD	Q2, 2016	Q3, 2016	Q2, 2017	Q3, 2017
Net Income	(3.5 m)	(3.5 m)	(3.1 m)	(4.7 m)
Depreciation and Amortization	3.4 m	5.1 m	4.6 m	7 m
Accounts Receivable	(796 k)	(261 k)	(803 k)	(458 k)
Accounts Payable	1.6 m	1.3 m	2.1 m	4.3 m
Cash From Operating Activities	2.4 m	7.1 m	5.1 m	10.1 m
Purchases of PP&E	(1 m)	(4.5 m)	(3 m)	(4.8 m)
Cash From Investing Activities	(893 k)	(4.3 m)	(5.1 m)	(6.9 m)
Long-term Borrowings	(2.4 m)	(3.7 m)	(3 m)	(5.1 m)
Cash From Financing Activities	(2.4 m)	(3.6 m)	(2.8 m)	(6.2 m)
Net Change in Cash	(877 k)	(907 k)	(2.8 m)	(3 m)
Interest Paid	194 k	21 k	69 k	42 k

Report incorrect company information

SendGrid's Customers was reported to be 58.2 k in Q3, 2017. SendGrid's Active Customers was reported to be 120 k in Nov, 2016.

	FY, 2014	FY, 2015	Q2, 2016	Q3, 2016	Nov, 2016	FY, 2016	Q2, 2017	Q3, 2017
Customers	28.50 k	33.40 k	40 k	42.70 k	42 k	45.90 k	55.20 k	58.20 k
Emails Processed (for the Period Ended)	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
Emails Processed to Date								1 t