Workday market cap is $53.4 b, and annual revenue was $3.63 b in FY 2020

Workday Gross profit (Q2, 2021)647.4 M

Workday Gross profit margin (Q2, 2021), %69.5%

Workday Net income (Q2, 2021)-28 M

Workday EBIT (Q2, 2021)-16.8 M

Workday Cash, 31-Jul-20201.2 B

Workday EV54.3 B

Workday revenue was $3.63 b in FY, 2020 which is a 28.5% year over year increase from the previous period.

Workday revenue breakdown by business segment: 14.6% from Professional Services and 85.4% from Subscription Services

Workday revenue breakdown by geographic segment: 24.4% from Other Countries and 75.6% from United States

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 2.1b | 2.8b | 3.6b |

| 37% | 32% | 29% |

## Cost of goods sold | 629.4m | 835.0m | 1.1b |

## Gross profit | 1.5b | 2.0b | 2.6b |

| 71% | 70% | 71% |

## Sales and marketing expense | 683.4m | 891.3m | 1.1b |

## R&D expense | 910.6m | 1.2b | 1.5b |

## General and administrative expense | 222.9m | 347.3m | 367.7m |

## Operating expense total | 2.4b | 2.5b | 3.1b |

## EBIT | (303.2m) | (463.3m) | (502.2m) |

| (14%) | (16%) | (14%) |

## Interest expense | 44.5m | 60.2m | 58.7m |

## Interest income | 25.3m | 42.5m | 41.3m |

## Pre tax profit | (314.8m) | (423.8m) | (482.4m) |

## Income tax expense | 6.4m | (5.5m) | (1.8m) |

## Net Income | (321.2m) | (418.3m) | (480.7m) |

## EPS | (1.5) | (1.9) | (2.1) |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Revenue | 618.6m | 671.7m | 743.2m | 825.1m | 887.8m | 938.1m | 1.0b | 931.7m |

## Cost of goods sold | 178.0m | 200.2m | 223.0m | 243.2m | 266.3m | 270.9m | 305.6m | 284.3m |

## Gross profit | 440.7m | 471.5m | 520.2m | 581.8m | 621.4m | 667.2m | 712.8m | 647.4m |

| 71% | 70% | 70% | 71% | 70% | 71% | 70% | 69% |

## Sales and marketing expense | 192.8m | 202.5m | 246.2m | 272.9m | 280.2m | 286.8m | 318.6m | 276.5m |

## R&D expense | 263.6m | 292.8m | 318.0m | 347.8m | 378.1m | 401.7m | 443.5m | 418.7m |

## General and administrative expense | 55.6m | 65.2m | 138.8m | 84.5m | 85.6m | 88.9m | 95.2m | 99.3m |

## Operating expense total | 511.9m | 560.5m | 702.9m | 705.2m | 743.9m | 777.4m | 857.2m | 664.2m |

## EBIT | (71.3m) | (89.0m) | (182.8m) | (123.4m) | (122.5m) | (110.2m) | (144.5m) | (16.8m) |

| (12%) | (13%) | (25%) | (15%) | (14%) | (12%) | (14%) | (2%) |

## Pre tax profit | (75.1m) | (87.4m) | (156.1m) | (116.2m) | (122.6m) | (114.4m) | (155.4m) | (28.2m) |

## Income tax expense | (702.0k) | (1.2m) | (2.8m) | 30.0k | (1.9m) | 1.3m | 2.9m | (191.0k) |

## Net Income | (74.4m) | (86.2m) | (153.3m) | (116.3m) | (120.7m) | (115.7m) | (158.4m) | (28.0m) |

## EPS | (0.3) | (0.4) | (0.7) | (0.5) | (0.5) | (0.5) | 0.7 | (0.1) |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 1.1b | 638.6m | 731.1m |

## Accounts Receivable | 528.2m | 704.7m | 877.6m |

## Prepaid Expenses | 97.9m | 136.7m | 172.0m |

## Current Assets | 4.0b | 2.7b | 3.1b |

## PP&E | 546.6m | 796.9m | 936.2m |

## Goodwill | 159.4m | 1.4b | 1.8b |

## Total Assets | 4.9b | 5.5b | 6.8b |

## Accounts Payable | 21.0m | 29.1m | 57.6m |

## Short-term debt | 341.5m | 232.5m | 310.5m |

## Current Liabilities | 2.1b | 2.4b | 3.0b |

## Long-term debt | 1.1b | 972.3m | 1.3b |

## Total Debt | 1.1b | 1.2b | 1.6b |

## Total Liabilities | 3.4b | 3.6b | 4.3b |

## Common Stock | 211.0k | 221.0k | 231.0k |

## Additional Paid-in Capital | 3.4b | 4.1b | 5.1b |

## Retained Earnings | (1.7b) | (2.1b) | (2.6b) |

## Total Equity | 1.6b | 2.0b | 2.5b |

## Debt to Equity Ratio | 0.7 x | 0.6 x | 0.6 x |

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

## Financial Leverage | 3.1 x | 2.8 x | 2.7 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | (321.2m) | (418.3m) | (480.7m) |

## Depreciation and Amortization | 137.0m | 198.1m | 276.3m |

## Accounts Receivable | (114.6m) | (160.5m) | (176.1m) |

## Accounts Payable | (7.2m) | 5.9m | 20.3m |

## Cash From Operating Activities | 465.7m | 606.7m | 864.6m |

## Capital Expenditures | (141.5m) | (202.5m) | (243.7m) |

## Cash From Investing Activities | (979.0m) | (842.8m) | (896.9m) |

## Long-term Borrowings | (175.5m) | (350.0m) | (30.0k) |

## Cash From Financing Activities | 1.1b | (256.7m) | 125.1m |

## Net Change in Cash | 593.8m | (493.5m) | 92.5m |

## Interest Paid | 76.0k | 38.0k | 3.3m |

## Income Taxes Paid | 3.4m | 6.0m | 9.0m |

## Free Cash Flow | 324.2m | 404.2m | 620.9m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Net Income | (74.4m) | (86.2m) | (313.9m) | (116.3m) | (237.0m) | (352.7m) | (158.4m) | (186.4m) |

## Depreciation and Amortization | 38.7m | 42.2m | 138.5m | 61.2m | 128.9m | 201.2m | 71.5m | 144.7m |

## Accounts Receivable | 168.7m | (104.8m) | 54.6m | 157.4m | 83.9m | 86.1m | 290.9m | 181.6m |

## Accounts Payable | 8.0m | 6.0m | 1.8m | 1.5m | 2.6m | 4.5m | (22.4m) | (13.1m) |

## Cash From Operating Activities | 184.2m | 57.6m | 356.1m | 209.2m | 309.5m | 567.5m | 263.7m | 420.9m |

## Capital Expenditures | (48.9m) | (53.3m) | (157.6m) | (65.5m) | (141.1m) | (196.3m) | (59.9m) | (66.6m) |

## Cash From Investing Activities | (284.6m) | 912.3m | (640.4m) | (67.4m) | (388.1m) | (355.5m) | (277.3m) | (480.0m) |

## Long-term Borrowings | (350.0m) | (350.0m) | (27.0k) | (30.0k) | (1.0k) | (249.9m) | ||

## Cash From Financing Activities | 2.6m | (311.4m) | (306.1m) | 3.4m | 61.3m | 62.9m | 499.3m | 570.1m |

## Net Change in Cash | (98.2m) | 658.4m | (591.1m) | 144.8m | (17.6m) | 274.7m | 485.4m | 511.5m |

## Interest Paid | 19.0k | 33.0k | 34.0k | 3.0k | 472.0k | 1.4m | 1.4m | 6.4m |

## Income Taxes Paid | 1.7m | 3.2m | 3.8m | 3.5m | 6.0m | 7.4m | 2.9m | 7.6m |

## Free Cash Flow | 135.4m | 4.3m | 198.5m | 143.6m | 168.4m | 371.2m | 203.7m | 354.3m |

USD | FY, 2018 |
---|---|

## EV/EBIT | -83.9 x |

## EV/CFO | 54.6 x |

## EV/FCF | 78.4 x |

## Revenue/Employee | 282.0k |

## Debt/Equity | 0.7 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 3.1 x |

## P/E Ratio | (77.3) |

Workday's Backlog was reported to be $8.3b in FY, 2020. Workday's Enterprise Customers was reported to be 2.1 k in FY, 2018.

- Source: Company Filings