Xero is a software company that develops cloud-based accounting software for small and medium-sized businesses. The Company's key features include automatic bank and credit card account feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders and standard business and management reporting. Xero can automatically import bank and credit card statements. It offers a free API that enables customers and 3rd-party software vendors to integrate external applications with Xero. The Company also supports multiple tax rates and currencies. All financial data is stored in the cloud on a single unified ledger, allowing users to work in the same set of books regardless of location or operating system.
Company Growth (employees)
Type
Public
HQ
Wellington, NZ
Founded
2006
Size (employees)
807 (est)+35%
Website
xero.com
Xero was founded in 2006 and is headquartered in Wellington, NZ

Key People at Xero

Rod Drury

Rod Drury

Chief Executive Officer / Executive Director
Andy Lark

Andy Lark

Chief Marketing Officer
Tony Stewart

Tony Stewart

Chief Data Officer
Duncan Ritchie

Duncan Ritchie

Chief Platform Officer
Sankar Narayan

Sankar Narayan

Chief Operating and Financial Officer
Anna Curzon

Anna Curzon

Chief Partner Officer
Rachael Powell

Rachael Powell

Chief People Officer
Kirsty Godfrey-Billy

Kirsty Godfrey-Billy

Chief Accounting Officer

Xero Office Locations

Xero has offices in Wellington, Hawthorn, Sydney, Perth and in 21 other locations
Wellington, NZ (HQ)
3 Market Lane
Austin, US
3300 N Interstate Hwy 35
Singapore, SG
115 Amoy Street
Greenwood Village, US
204 7100 E Belleview Ave
Santa Monica, US
312 Arizona
New York, US
27 East 28th St
Show all (28)

Xero Data and Metrics

Xero Financial Metrics

Xero's revenue was reported to be $295.4 m in FY, 2017 which is a 43% increase from the previous period.
NZD

Revenue (FY, 2017)

295.4 m

Revenue growth (FY, 2016 - FY, 2017), %

43%

Gross profit (FY, 2017)

226 m

Gross profit margin (FY, 2017), %

77%

Net income (FY, 2017)

(69.1 m)

EBITDA (FY, 2017)

(28.6 m)

EBIT (FY, 2017)

(70.7 m)

Market capitalization (22-Mar-2017)

2.7 b

Closing share price (22-Mar-2017)

19.8

Cash (31-Dec-2017)

27.7 m
Xero's current market capitalization is $2.7 b.
NZDFY, 2015FY, 2016FY, 2017

Revenue

124 m207.1 m295.4 m

Revenue growth, %

67%43%

Cost of goods sold

36.7 m49.9 m69.4 m

Gross profit

87.3 m157.2 m226 m

Gross profit Margin, %

70%76%77%

Sales and marketing expense

92.9 m148.3 m166.8 m

R&D expense

45.5 m69.7 m93.3 m

General and administrative expense

24.4 m30.8 m37.9 m

Operating expense total

162.9 m248.8 m297.9 m

EBITDA

(57.2 m)(59.9 m)(28.6 m)

EBITDA margin, %

(46%)(29%)(10%)

EBIT

(75.1 m)(89.1 m)(70.7 m)

EBIT margin, %

(61%)(43%)(24%)

Interest income

7.7 m8.1 m3.7 m

Pre tax profit

(67.5 m)(81 m)(67.1 m)

Income tax expense

(2.1 m)(1.5 m)(2 m)

Net Income

(69.5 m)(82.5 m)(69.1 m)
NZDFY, 2015FY, 2016FY, 2017

Cash

58.9 m39 m27.7 m

Accounts Receivable

21.5 m27.1 m32.8 m

Current Assets

293.5 m211.5 m147.7 m

PP&E

16.6 m15.5 m15.9 m

Total Assets

378.4 m328.1 m293.3 m

Accounts Payable

13.9 m21.6 m34.3 m

Current Liabilities

30.4 m46.8 m65.7 m

Non-Current Liabilities

2.4 m2.2 m3.4 m

Total Liabilities

32.7 m49 m69.1 m

Additional Paid-in Capital

492 m503.3 m522.6 m

Retained Earnings

(155.5 m)(237.9 m)(307 m)

Total Equity

345.7 m279.1 m224.2 m

Financial Leverage

1.1 x1.2 x1.3 x
NZDFY, 2015FY, 2016FY, 2017

Net Income

(69.5 m)(82.5 m)(69.1 m)

Cash From Operating Activities

(38.6 m)(34.8 m)(4.4 m)

Purchases of PP&E

(10.3 m)(4.7 m)(6.7 m)

Cash From Investing Activities

(49.8 m)(53.8 m)(66.4 m)

Cash From Financing Activities

132.2 m66.2 m60.1 m
NZDY, 2017

Revenue/Employee

419.3 k

Financial Leverage

1.3 x

Xero Operating Metrics

Xero's Subscribers was reported to be 1 m in FY, 2017, which is a 44% increase from the previous period. Xero's Transactions' Volume was reported to be $1.4 t in FY, 2017, which is a 40% increase from the previous period
FY, 2014FY, 2015FY, 2016FY, 2017

Annualized Committed Monthly Revenue

$93 m$159.34 m$257.9 m$359.7 m

ARPU

$27.3$28$30$29

Subscribers

284 k475 k717 k1.04 m

Net Customer Additions

284 k191 k242 k318 k

Transactions' Volume

$300 b$1 t$1.4 t

Countries

180180

Updates Delivered

1.2 k

Xero Market Value History

Xero Revenue Breakdown

Traffic Overview of Xero

Xero Online and Social Media Presence

Xero Company Life and Culture

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