Rapid7 Inc Income Statement - Real Clear Investing - You World of Transparent Investing

Selected Quarter:

31-Dec
2020

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

100%

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Product revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	65,845	72,579	76,476	82,997	87,549	92,430	98,559	104,384	382,922	417,536
Maintenance and support	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	-	$45,679	$45,679	$45,679	-	9,557	9,372	9,178	-	-	-	-	-	-	-
Professional services revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	-	$45,679	$45,679	$45,679	$45,679	7,340	6,380	6,679	8,651	6,791	6,482	6,516	8,775	28,564	35,100
Total Revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$73,185	$78,959	$83,155	$91,648	$94,340	$98,912	$105,075	$113,159	$411,486	$452,636

Selected Quarter:

31-Dec
2020

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

118.2%

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Cost of Product	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	14,369	16,637	17,703	19,470	21,256	23,118	25,196	27,295	96,864	109,180
Maintenance and support	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	-	1,884	2,081	2,076	-	-	-	-	-	-	-
Costs of professional services	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	5,604	5,544	5,927	5,892	6,458	5,963	5,832	6,399	24,653	25,596
Total cost of revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	19,973	22,181	23,630	25,362	27,714	29,081	31,028	33,694	121,517	134,776
Total gross profit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	$53,212	$56,778	$59,525	$66,286	$66,626	$69,831	$74,047	$79,465	$289,969	$317,860
Sales and marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	35,138	38,172	39,904	44,508	48,145	44,959	48,448	54,429	195,981	217,716
Research and development	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	17,865	19,626	20,154	21,719	24,202	26,120	28,509	29,737	108,568	118,948
General and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	9,953	11,160	11,223	12,374	14,099	14,484	15,006	15,930	59,519	63,720
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	62,956	68,958	71,281	78,601	86,446	85,563	91,963	100,096	364,068	400,384

Selected Quarter:

31-Dec
2020

Income after excluding Operating Expenses from Total Revenue

18.2%

Key metric that shows earnings potential of the company's business model

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($9,744)	($12,180)	($11,756)	($12,315)	($19,820)	($15,732)	($17,916)	($20,631)	($74,099)	($82,524)

Selected Quarter:

31-Dec
2020

Cost usually unrelated to delivering service or manufacturing a product that business sells

0.0%

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter:	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Other expense or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(206)	(29)	(492)	294	(447)	210	143	13	(81)	52
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(206)	(29)	(492)	6,948	(447)	210	143	13	(81)	52

Selected Quarter:

31-Dec
2020

Income after excluding Operating and Non-operating Expenses from Total Revenue

18.2%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($9,950)	($12,209)	($12,248)	$92,289	($20,267)	($15,522)	($17,773)	($20,618)	($74,180)	($82,472)

Selected Quarter:

31-Dec
2020

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

7.3%

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Interest expense and income	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense	-	-	-	-	-	-	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	(3,229)	(3,312)	(3,399)	(3,449)	(3,462)	(5,917)	(7,328)	(7,430)	(24,137)	(29,720)
Interest income	-	-	-	-	-	-	-	-	-	45,679	-	45,679	45,679	45,679	45,679	1,731	1,582	1,448	1,253	1,048	208	87	111	1,454	444
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(11,448)	(13,939)	(14,199)	(14,217)	(22,681)	(21,231)	(25,014)	(27,937)	(96,863)	(111,748)
Income tax expense or benefit TEST - ODD	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	225	(519)	207	129	243	235	527	981	1,986	3,924

Selected Quarter:

31-Dec
2020

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

25.6%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($11,673)	($13,420)	($14,406)	($14,346)	($22,924)	($21,466)	($25,541)	($28,918)	($98,849)	($115,672)
Preferred stock accretion	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Beneficial conversion charge relating to IPO participation payment Beneficial conversion charge relating to IPO participation payment	-	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stock	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2015 30-Jun	2015 30-Sep	2016 01-Mar	2016 30-Apr	2016 01-Aug	2016 31-Oct	2017 01-Mar	2017 01-May	2017 01-Aug	2017 01-Nov	2018 01-Mar	2018 01-May	2018 01-Aug	2018 01-Nov	2019 22-Feb	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 21-Feb	2020 30-Apr	2020 31-Jul	2020 31-Oct	2021 19-Feb	2021 19-Feb	2021 19-Feb
Common	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	48,202,433	48,842,220	49,384,711	50,209,617	50,501,098	51,006,114	51,838,938	52,687,472	52,687,472	52,687,472

Selected Quarter:

31-Dec
2020

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.24)	($0.28)	($0.29)	($0.28)	($0.46)	($0.42)	($0.50)	($0.56)	($1.94)	($2.24)
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.24)	($0.28)	($0.29)	($0.28)	($0.46)	($0.42)	($0.50)	($0.56)	($1.94)	($2.24)

Rapid7 Inc

Short Description

Income Statement

Product revenue

Professional services revenue

Sales and marketing

Research and development

Cost of Product

General and administrative

Costs of professional services

Operating Income

Other expense or income

EBIT

Interest income

Income tax expense or benefit

Interest expense

Net income (loss)