Slack revenue was $902.61 m in FY, 2021 which is a 43.2% year over year increase from the previous period.

## Founding Date | 2009 |

## Total Funding | $1.3 b |

## Investors | Kleiner Perkins, Index Ventures, GGV Capital, Horizons Ventures, Accel Partners, Comcast Ventures, SoftBank Capital, Andreessen Horowitz, DST Global, Spark Capital, T. Rowe Price, Thrive Capital, Wellington Management, FundersClub, Slow Ventures, Jeremy Stoppelman, Dragoneer Investment Group, Jeff Weiner, Sands Capital Ventures, General Atlantic, Global Founders Capital, Marc Andreessen, Baillie Gifford, Bradley Horowitz, Rob Solomon, Groupe Arnault, Anthony Casalena, Social Capital, Biz Stone, Patrick Collison, John Collison, GV, IVP (Institutional Venture Partners), Light Street Capital |

In total, Slack had raised $1.3 b. Slack is a subsidiary of Salesforce

Slack revenue breakdown by geographic segment: 38.6% from International and 61.4% from United States

Date | Shares Issued | Share Price | Amount Raised | Post-money Valuation | Valuation Step-up | |
---|---|---|---|---|---|---|

## Seed | Jan 2009 | $1.5 m | ||||

## Series A | Mar 2010 | 85,208,693 | $0.1 | $8.1 m | $23.5 m | |

## Series B | Apr 2011 | 43,319,820 | $0.25 | $10.7 m | $77.4 m | 3.3 |

## Unattributed | Apr 2013 | |||||

## Series C | Apr 2014 | 64,805,370 | $0.66 | $42.7 m | $280 m | 3.6 |

## Series D | Oct 2014 | 47,058,630 | $2.55 | $120 m | $1.1 b | 4 |

## Series D-1 | Dec 2014 | 1,310,250 | $2.55 | $3.3 m | $1.1 b | 1 |

## Series E | Apr 2015 | 26,787,204 | $5.97 | $160 m | $2.8 b | 2.5 |

## Series E-1 | May 2015 | 6,046,840 | $6.28 | $37.9 m | $3 b | 1.1 |

## Series F | Mar 2016 | 21,407,499 | $7.8 | $167 m | $3.8 b | 1.3 |

## Series F-1 | Apr 2016 | 6,793,130 | $7.8 | $53 m | $3.8 b | 1 |

## Series G | Sept 2017 | 25,367,427 | $9.86 | $250 m | $4.8 b | 1.3 |

## Series H | Aug 2018 | $427 m | $7.1 b | 1.5 | ||

## Secondary | Jan 2019 |

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Revenue | 400.6m | 630.4m | 902.6m |

| 82% | 57% | 43% |

## Cost of goods sold | 51.3m | 97.2m | 121.7m |

## Gross profit | 349.3m | 533.2m | 780.9m |

| 87% | 85% | 87% |

## Sales and marketing expense | 233.2m | 402.8m | 460.7m |

## R&D expense | 157.5m | 457.4m | 382.1m |

## General and administrative expense | 112.7m | 261.4m | 221.1m |

## Operating expense total | 503.5m | 1.1b | 1.1b |

## EBIT | (154.2m) | (588.3m) | (283.1m) |

| (38%) | (93%) | (31%) |

## Interest income | 16.2m | 6.7m | |

## Pre tax profit | (138.9m) | (567.8m) | (292.8m) |

## Income tax expense | 840.0k | 589.0k | (315.0k) |

## Net Income | (138.9m) | (568.4m) | (292.5m) |

## EPS | (1.2) | (1.4) | (0.5) |

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Cash | 180.8m | 499.0m | 1.1b |

## Accounts Receivable | 87.4m | 145.8m | 237.4m |

## Current Assets | 982.7m | 970.4m | 1.9b |

## PP&E | 88.4m | 102.3m | 87.9m |

## Goodwill | 48.6m | 48.6m | 76.2m |

## Total Assets | 1.2b | 1.4b | 2.4b |

## Accounts Payable | 16.6m | 16.9m | 13.1m |

## Short-term debt | 30.5m | 34.9m | |

## Current Liabilities | 332.4m | 519.9m | 697.1m |

## Long-term debt | 196.4m | 876.7m | |

## Total Debt | 226.8m | 911.6m | |

## Total Liabilities | 357.4m | 717.8m | 1.6b |

## Common Stock | 13.0k | 56.0k | 58.0k |

## Preferred Stock | 1.4b | ||

## Additional Paid-in Capital | 105.6m | 1.9b | 2.4b |

## Retained Earnings | (665.7m) | (1.2b) | (1.5b) |

## Total Equity | 841.6m | 723.9m | 857.4m |

## Debt to Equity Ratio | 0.3 x | 1.1 x | |

## Debt to Assets Ratio | 0.2 x | 0.4 x | |

## Financial Leverage | 1.4 x | 2 x | 2.8 x |

USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Cash | 256.5m | 498.3m | 476.5m | 1.2b | 1.3b | 1.1b | 1.3b |

## Accounts Receivable | 71.6m | 72.5m | 85.0m | 105.8m | 112.0m | 122.8m | 141.5m |

## Current Assets | 924.3m | 918.2m | 917.9m | 1.7b | 1.7b | 1.8b | 1.8b |

## PP&E | 94.9m | 107.5m | 109.8m | 101.7m | 98.7m | 93.5m | 82.1m |

## Goodwill | 48.6m | 48.6m | 48.6m | 48.6m | 76.2m | 76.2m | 76.2m |

## Total Assets | 1.2b | 1.2b | 1.2b | 2.2b | 2.2b | 2.3b | 2.4b |

## Accounts Payable | 10.4m | 8.5m | 11.2m | 13.0m | 12.8m | 20.2m | 15.1m |

## Short-term debt | 30.5m | 30.7m | 33.0m | 36.0m | |||

## Current Liabilities | 324.4m | 402.3m | 405.5m | 507.1m | 518.1m | 559.8m | 649.4m |

## Long-term debt | 809.7m | 815.5m | 871.9m | 881.7m | |||

## Total Debt | 840.2m | 846.2m | 904.9m | 917.7m | |||

## Total Liabilities | 350.3m | 425.9m | 437.6m | 1.3b | 1.3b | 1.4b | 1.5b |

## Common Stock | 13.0k | 54.0k | 55.0k | 56.0k | 57.0k | 58.0k | 59.0k |

## Preferred Stock | 1.4b | ||||||

## Additional Paid-in Capital | 112.3m | 1.8b | 1.9b | 2.1b | 2.2b | 2.3b | 2.5b |

## Retained Earnings | (698.9m) | (1.1b) | (1.1b) | (1.3b) | (1.4b) | (1.5b) | (1.6b) |

## Total Equity | 816.8m | 749.8m | 747.2m | 840.7m | 866.7m | 877.0m | 888.9m |

## Debt to Equity Ratio | 1 x | 1 x | 1 x | 1 x | |||

## Debt to Assets Ratio | 0.4 x | 0.4 x | 0.4 x | 0.4 x | |||

## Financial Leverage | 1.4 x | 1.6 x | 1.6 x | 2.6 x | 2.5 x | 2.6 x | 2.7 x |

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Net Income | (138.9m) | (568.4m) | (292.5m) |

## Depreciation and Amortization | 16.8m | 27.1m | 28.8m |

## Accounts Receivable | (50.3m) | (58.2m) | (92.4m) |

## Accounts Payable | 2.8m | 6.7m | (3.4m) |

## Cash From Operating Activities | (41.1m) | (12.4m) | 72.4m |

## Purchases of PP&E | (56.2m) | (49.6m) | (10.2m) |

## Cash From Investing Activities | (333.4m) | 330.1m | (263.1m) |

## Dividends Paid | (1.4m) | ||

## Cash From Financing Activities | 437.7m | 18.5m | 773.0m |

## Net Change in Cash | 63.2m | 336.2m | 582.4m |

## Interest Paid | 2.2m | ||

## Income Taxes Paid | 876.0k | 2.3m | 3.0m |

USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Net Income | (31.9m) | (391.5m) | (479.3m) | (74.4m) | (147.6m) | (211.2m) | (27.9m) |

## Depreciation and Amortization | 5.9m | 12.7m | 20.4m | 6.7m | 13.6m | 21.2m | 7.5m |

## Accounts Receivable | 15.6m | 15.3m | 2.9m | 39.5m | 33.5m | 22.6m | 95.6m |

## Accounts Payable | (1.0m) | (1.4m) | 1.0m | (3.7m) | (4.0m) | 3.6m | 2.0m |

## Cash From Operating Activities | (14.1m) | (13.8m) | (22.9m) | 8.7m | 23.2m | 56.7m | 62.8m |

## Purchases of PP&E | 105.5m | (28.3m) | (38.3m) | (5.0m) | (8.7m) | (9.7m) | (50.0k) |

## Cash From Investing Activities | 105.5m | 344.6m | 320.7m | (35.5m) | 42.9m | (226.2m) | 190.2m |

## Dividends Paid | (1.4m) | ||||||

## Cash From Financing Activities | 2.4m | 4.7m | 15.9m | 756.0m | 751.3m | 770.3m | (1.7m) |

## Net Change in Cash | 93.7m | 335.5m | 313.7m | 729.2m | 817.4m | 600.8m | 251.3m |

## Interest Paid | 2.2m | 2.2m | |||||

## Income Taxes Paid | 346.0k | 455.0k | 1.2m | 990.0k | 1.9m | 2.5m | 494.0k |

USD | Q2, 2019 |
---|

FY, 2018 | Feb, 2018 | May, 2018 | Jan, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Sep, 2019 | Q3, 2020 | FY, 2020 | Mar, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Enterprise Customers | 500 k | 600 k | 600 k | 600 k | 660 k | 750 k | 756 k | |||||||||||

## Paid Customers | 59 k | 50 k | 70 k | 88 k | 95 k | 100 k | 105 k | 110 k | 110 k | 122 k | 130 k | 142 k | 156 k | 169 k | ||||

## $100k+ Enterprise Customers | 298 | 575 | 645 | 720 | 821 | 893 | 963 | 985 | 1.08 k | 1.18 k | 1.29 k | |||||||

## Daily Active Users | 8 m | 10 m | 10 m | 10 m | 12 m | 12.5 m | ||||||||||||

## App Directory | 1.5 k | 1.5 k | 1.8 k | 1.8 k | 2 k | 2 k | 2.2 k | 2.3 k | 2.4 k | 2.45 k | 2.5 k | |||||||

## Third-Party Applications Created | 200 k | 450 k | 500 k | 500 k | 600 k | 550 k | 620 k | 650 k | 700 k | 790 k | 850 k | 935 k | ||||||

## Retention Rate | 152% | 143% | 138% | 136% | 134% | 132% | 132% | 125% | 123% | 123% | 122% | |||||||

## Calculated Billings | $289.01 m | $516.97 m | $149.44 m | $174.81 m | $186.13 m | $765.26 m | $206.01 m | $218.2 m | $252.37 m | $1.04 b | $278.52 m | |||||||

## Average Daily Time Spent per User, minutes | 90 | 90 | 87 | 110 | ||||||||||||||

## Messages Sent per week | 1 b | 1 b | 1.4 b | 2.2 b | ||||||||||||||

## Countries | 100 | 100 | 150 | 150 | 150 | 150 | ||||||||||||

## Patents Issued | 120 | |||||||||||||||||

## Patents Pending | 240 | |||||||||||||||||

## Remaining Performance Obligations | $215.3 m | $279.3 m | $328.1 m | $379.1 m | $388.5 m | $444.7 m | $860 m | $910.8 m | $800 m | $900 m |

Y, 2020 | Y, 2019 | Y, 2018 | Y, 2017 | |
---|---|---|---|---|

Hispanic / Latino (USA), percent | 7.9% | 7.7% | 6.9% | 6.3% |

Asian (USA), percent | 28.2% | 26.4% | 24.4% | 25.2% |

White (USA), percent | 52.4% | 54% | 58.7% | 59.5% |

Other | 11.5% | 11.9% | 10% | 9% |

- Source: slackhq.com, slackhq.com, slackhq.com, slackhq.com

Y, 2020 | Y, 2019 | Y, 2018 | Y, 2017 | |
---|---|---|---|---|

Male, percent | 11% | 10.8% | 11.1% | 11.3% |

Male (Tech), percent | 13.3% | 13.1% | 13.1% | 14% |

Male (Non-Tech), percent | 9.5% | 9.3% | 9.3% | 8.7% |

Male (Management), percent | 10.8% | 10% | 10.4% | 10.4% |

Male (Leadership), percent | 14% | 14.1% | 13.9% | 14.3% |

Female (Leadership), percent | 6% | 5.9% | 6.1% | 5.7% |

Female (Management), percent | 9.2% | 10% | 9.6% | 9.6% |

Female (Non-Tech), percent | 10.5% | 10.7% | 10.7% | 11.3% |

Female (Tech), percent | 6.7% | 6.9% | 6.9% | 6% |

Female, percent | 9% | 9.2% | 8.9% | 8.7% |

- Source: slackhq.com, slackhq.com, slackhq.com, slackhq.com