TubeMogul Financials

Summary - Funding Rounds

In total, TubeMogul had raised $94.9 m. TubeMogul is a subsidiary of Adobe

Revenue/Financials

Income Statement

Annual

usdFY, 2014FY, 2015

Revenue

114.2 m180.7 m

Revenue growth, %

58%

Cost of goods sold

33.9 m58.2 m

Gross profit

80.3 m122.5 m

Gross profit Margin, %

70%68%

Sales and marketing expense

38.1 m55.3 m

R&D expense

22.1 m41 m

General and administrative expense

21.6 m37 m

Operating expense total

81.9 m133.3 m

EBIT

(1.6 m)(10.8 m)

EBIT margin, %

(1%)(6%)

Interest expense

216 k37 k

Pre tax profit

(4.2 m)(13.1 m)

Income tax expense

(283 k)(663 k)

Net Income

(4.4 m)(13.7 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

28.7 m27.4 m30.3 m45.4 m46.5 m42.1 m55.4 m56.1 m

Cost of goods sold

9.1 m8.3 m8.3 m15.3 m15.3 m11.7 m16.8 m19.2 m

Gross profit

19.6 m19.2 m22 m30.1 m31.1 m30.4 m38.6 m36.8 m

Gross profit Margin, %

68%70%73%66%67%72%70%66%

Sales and marketing expense

8.3 m8.8 m11.1 m13.5 m13.5 m16.2 m16.3 m16.9 m

R&D expense

4.9 m5.3 m8.8 m9.5 m10.9 m12.6 m13.3 m14.6 m

General and administrative expense

4.7 m5.6 m7.8 m8.6 m9.7 m10.3 m12.4 m16.4 m

Operating expense total

17.9 m19.7 m27.7 m31.6 m34.1 m39 m42 m47.9 m

EBIT

1.7 m(488 k)(5.7 m)(1.5 m)(3 m)(8.6 m)(3.4 m)(11.1 m)

EBIT margin, %

6%(2%)(19%)(3%)(6%)(20%)(6%)(20%)

Interest expense

79 k63 k28 k23 k6 k13 k

Interest income

13 k

Pre tax profit

(1.7 m)(7 m)(3.7 m)(8.1 m)(3.6 m)(12.2 m)

Income tax expense

(92 k)(64 k)(114 k)(95 k)(48 k)(194 k)(215 k)(275 k)

Net Income

2.1 m(1.7 m)(7.1 m)(1.3 m)(3.8 m)(8.3 m)(3.8 m)(12.4 m)

Balance Sheet

Annual

usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015

Cash

5.5 m19.7 m19.5 m46.6 m83.4 m

Accounts Receivable

159.9 m

Inventories

2.3 m3.8 m

Current Assets

137.4 m247.1 m

PP&E

3.9 m8.6 m

Total Assets

142.7 m258.7 m

Accounts Payable

19.1 m47.3 m

Current Liabilities

71.5 m126 m

Additional Paid-in Capital

94 m167.3 m

Retained Earnings

(23.3 m)(37 m)

Total Equity

130.2 m

Financial Leverage

2 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

24.9 m48.2 m36.9 m81.2 m84 m83.8 m83 m84.1 m

Accounts Receivable

86.5 m118.9 m126.6 m147.6 m174.4 m182.1 m

Current Assets

91.2 m116.9 m126.1 m203 m215.3 m236.5 m262.3 m272.1 m

PP&E

3 m3.9 m4.5 m5.1 m7.3 m10.6 m16 m18.4 m

Total Assets

98 m122.4 m132.1 m209.5 m224.1 m250.3 m282.6 m294.3 m

Accounts Payable

24.7 m19.4 m23.9 m41.2 m44.1 m45.1 m75 m68.4 m

Current Liabilities

67.3 m48.8 m64.5 m88.8 m95.7 m120.1 m148.5 m161.8 m

Long-term debt

11.8 m4.8 m5.3 m

Total Debt

11.8 m4.8 m5.3 m

Total Liabilities

68.3 m49.6 m65.4 m89.7 m96.5 m123.1 m154.6 m168.3 m

Additional Paid-in Capital

47.4 m92.2 m97.3 m151.8 m163.3 m172.7 m177.5 m188.2 m

Retained Earnings

(17.5 m)(19.2 m)(30.4 m)(31.8 m)(35.5 m)(45.3 m)(49.1 m)(61.5 m)

Total Equity

119.8 m127.6 m127.2 m128 m126 m

Financial Leverage

1.7 x1.8 x2 x2.2 x2.3 x

Cash Flow

Annual

USDFY, 2014FY, 2015

Net Income

(4.4 m)(13.7 m)

Depreciation and Amortization

864 k2.4 m

Accounts Receivable

(44.3 m)(76 m)

Inventories

(902 k)(1.4 m)

Accounts Payable

15.1 m27 m

Cash From Operating Activities

(13.9 m)(20.5 m)

Cash From Investing Activities

(3.7 m)(6.7 m)

Cash From Financing Activities

44.8 m64.1 m

Interest Paid

226 k108 k

Income Taxes Paid

97 k348 k

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015

Net Income

2.1 m(1.7 m)(7.1 m)
Report incorrect company information