$7.1 B

Slack Mkt valuation

$400.6 M

Slack Revenue FY, 2018
Slack Revenue growth (FY, 2018 - FY, 2018), %82%
Slack Gross profit (FY, 2018)349.3 M
Slack Gross profit margin (FY, 2018), %87.2%
Slack Net income (FY, 2018)-138.9 M
Slack EBIT (FY, 2018)-154.2 M
Slack Cash, 31-Jan-2019180.8 M

Slack Revenue

Slack revenue was $400.55 m in FY, 2018 which is a 81.6% year over year increase from the previous period.

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Slack Funding

Summary Metrics

Slack's latest funding round in August 2018 was reported to be $427 m. In total, Slack has raised $1.3 b. Slack's latest valuation is reported to be $7.1 b.

Slack Capital Raised

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Slack Valuation

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Slack Revenue Breakdown

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Slack revenue breakdown by geographic segment: 63.7% from United States and 36.3% from International

Slack Funding Rounds

DateShares IssuedShare PriceAmount RaisedPost-money ValuationValuation Step-up

Seed

Jan 2009$1.5 m

Series A

Mar 201085,208,693$0.1 $8.1 m$23.5 m

Series B

Apr 201143,319,820$0.25 $10.7 m$77.4 m3.3

Unattributed

Apr 2013

Series C

Apr 201464,805,370$0.66 $42.7 m$280.0 m3.6

Series D

Oct 201447,058,630$2.55 $120.0 m$1.1 b4.0

Series D-1

Dec 20141,310,250$2.55 $3.3 m$1.1 b1.0

Series E

Apr 201526,787,204$5.97 $160.0 m$2.8 b2.5

Series E-1

May 20156,046,840$6.28 $37.9 m$3.0 b1.1

Series F

Mar 201621,407,499$7.8 $167.0 m$3.8 b1.3

Series F-1

Apr 20166,793,130$7.8 $53.0 m$3.8 b1.0

Series G

Sep 201725,367,427$9.86 $250.0 m$4.8 b1.3

Series H

Aug 2018$427.0 m$7.1 b1.5

Slack Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

105.2m220.5m400.6m

Revenue growth, %

64%110%82%

Cost of goods sold

15.5m26.4m51.3m

Gross profit

89.6m194.2m349.3m

Gross profit Margin, %

85%88%87%

Sales and marketing expense

104.0m140.2m233.2m

R&D expense

96.7m141.4m157.5m

General and administrative expense

37.5m56.5m112.7m

Operating expense total

238.1m338.0m503.5m

EBIT

(148.5m)(143.9m)(154.2m)

EBIT margin, %

(141%)(65%)(38%)

Pre tax profit

(146.8m)(139.3m)(138.9m)

Income tax expense

155.0k793.0k840.0k

Net Income

(146.9m)(140.1m)(138.9m)

Slack Balance Sheet

Annual

USDFY, 2017FY, 2018

Cash

120.5m180.8m

Accounts Receivable

37.2m87.4m

Prepaid Expenses

26.0m54.2m

Current Assets

611.9m982.7m

PP&E

43.0m88.4m

Goodwill

8.7m48.6m

Total Assets

697.8m1.2b

Accounts Payable

7.1m16.6m

Current Liabilities

171.7m332.4m

Total Liabilities

178.5m357.4m

Common Stock

12.0k13.0k

Preferred Stock

965.2m1.4b

Additional Paid-in Capital

71.9m105.6m

Retained Earnings

(524.9m)(665.7m)

Total Equity

519.3m841.6m

Financial Leverage

1.3 x1.4 x

Slack Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

(146.9m)(140.1m)(138.9m)

Depreciation and Amortization

6.8m14.3m16.8m

Accounts Receivable

(12.0m)(22.0m)(50.3m)

Accounts Payable

(1.4m)4.9m2.8m

Cash From Operating Activities

(89.8m)(35.6m)(41.1m)

Purchases of PP&E

(24.2m)(22.0m)(56.2m)

Cash From Investing Activities

(41.8m)(240.4m)(333.4m)

Cash From Financing Activities

214.1m297.0m437.7m

Net Change in Cash

82.5m21.0m63.2m

Income Taxes Paid

48.0k947.0k876.0k

Slack Ratios

USDY, 2019

Revenue/Employee

306.4k

Financial Leverage

1.4 x

Slack Operating Metrics

Slack's Users was reported to be 4 m in Y, 2016. Slack's Enterprise Customers was reported to be 600 k in FY, 2019. Slack's Daily Active Users was reported to be 10 m in FY, 2019.
Jan, 2014Jul, 2014Oct, 2015Y, 2016FY, 2017Mar, 2017Apr, 2017Jun, 2017Sep, 2017Nov, 2017FY, 2018Feb, 2018May, 2018Jan, 2019FY, 2019

Users

12 k1.70 m4 m

Paying Users

38 k480 k1.25 m1.50 m2 m3 m

Daily Active Users

120 k4 m5 m5 m6 m8 m10 m10 m

Enterprise Customers

2 k90 k38 k50 k50 k50 k500 k600 k600 k

Accounts

1.50 m

Countries

100 100 100 150

$100k+ Enterprise Customers

135 298 575

ARR

$200 m

Active Developers

200 k500 k

App Directory

1.50 k

Average Daily Time Spent per User, minutes

90

Calculated Billings

$143.39 m$289.01 m$516.97 m

Messages Sent per Week

1 b

Paid Companies

70 k

Paid Customers

37 k59 k88 k

Retention Rate

171%152%143%

Weekly Active Users

9 m

Slack Human Capital

Ethnicity

Apr, 2018Apr, 2017Q4, 2015
Hispanic6.9 %6.3 %
Asian24.4 %25.3 %19 %
White58.7 %59.4 %70 %
Other10 %9 %11 %
Apr, 2018Apr, 2017Q4, 2015
Female, percent44.7 %43.5 %39 %
Male, percent55.3 %56.5 %61 %

Job Roles

Apr, 2018Q2, 2015
Male Engineers, percent65.7 %81.7 %
Female Engineers, percent34.3 %18.3 %

Slack Employee Rating

4.6170 votes
Culture & Values
4.6
Work/Life Balance
4.7
Senior Management
4.5
Salary & Benefits
4.6
Career Opportunities
4.6
Source