Company name:

Square Inc

  • IPO SHARE PRICE:
    $9.00
  • IPO DATE:
    November 19, 2015
  • TICKER:
    SQ
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    1455 Market Street Suite 600 San Francisco CA 94103
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Square Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
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%
48.1% —

Bitcoin revenue

34.7% —

Transaction-based revenue

16.2% —

Subscription and services-based revenue

1.0% —

Hardware revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Transaction-based revenue
45,679
45,679
45,679
45,679
 1,920,174 2,471,451 3,081,074 3,294,978 3,294,978 3,716,044
Starbucks transaction-based revenue
$45,679
$45,679
$45,679
$45,679
 - - - - - -
Subscription and services-based revenue
-
$45,679
$45,679
$45,679
 252,664 591,706 1,031,456 1,539,403 1,539,403 1,797,484
Software and data product revenue
$45,679
-
-
-
 - - - - - -
Hardware revenue
$45,679
$45,679
$45,679
$45,679
 41,415 68,503 84,505 91,654 91,654 97,452
Bitcoin revenue
-
-
-
$45,679
 - 166,517 516,465 4,571,543 4,571,543 7,024,900
Total Revenue
$45,679
$45,679
$45,679
$45,679
 $2,214,253 $3,298,177 $4,713,500 $9,497,578 $9,497,578 $12,635,880
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
100.2%
47.1% —

Bitcoin costs

20.1% —

Transaction-based costs

11.7% —

Sales and marketing

9.3% —

Product development

6.1% —

General and administrative

2.3% —

Subscription and services-based costs

1.9% —

Transaction and loan losses

1.5% —

Hardware costs

0.1% —

Amortization of acquired technology

0.0% —

Amortization of acquired customer assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Hardware costs
45,679
45,679
45,679
45,679
 62,393 94,114 136,385 143,901 143,901 143,976
Starbucks transaction-based costs
45,679
45,679
45,679
45,679
 - - - - - -
Software and data product costs
45,679
-
-
-
 - - - - - -
Transaction-based costs
45,679
45,679
45,679
45,679
 1,230,290 1,558,562 1,937,971 1,911,848 1,911,848 2,141,132
Subscription and services-based costs
-
45,679
45,679
45,679
 75,720 169,884 234,270 222,712 222,712 260,184
Bitcoin costs
-
-
-
45,679
 - 164,827 508,239 4,474,534 4,474,534 6,861,808
Amortization of acquired technology
45,679
45,679
45,679
45,679
 6,544 7,090 6,950 11,174 11,174 14,020
Total cost of revenue
45,679
45,679
45,679
45,679
 1,374,947 1,994,477 2,823,815 6,764,169 6,764,169 9,421,120
Gross profit
45,679
45,679
45,679
45,679
 $839,306 $1,303,700 $1,889,685 $2,733,409 $2,733,409 $3,214,760
Product development
45,679
45,679
45,679
45,679
 321,888 497,479 670,606 881,826 881,826 1,013,792
Sales and marketing
45,679
45,679
45,679
45,679
 253,170 411,151 624,832 1,109,670 1,109,670 1,314,304
General and administrative
45,679
45,679
45,679
45,679
 250,553 339,245 436,250 579,203 579,203 637,680
Amortization of acquired customer assets
45,679
45,679
45,679
45,679
 883 4,362 4,481 3,855 3,855 4,308
Impairment of intangible assets
45,679
-
-
-
 - - - - - -
Transaction and advance losses
45,679
-
-
-
 - - - - - -
Transaction loan and advance losses
-
45,679
45,679
45,679
 - - - - - -
Transaction and loan losses
-
-
-
-
 67,018 88,077 126,959 177,670 177,670 63,944
Total operating expenses
45,679
45,679
45,679
45,679
 $893,512 $1,340,314 $1,863,128 $2,752,224 $2,752,224 $3,034,028
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
0.2%
0.2% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
 ($54,206) ($36,614) $26,557 ($18,815) ($18,815) $180,732
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
3.1%
0.0% —

Gain on sale of asset group

3.1% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
-
-
-
 (1,595) (18,469) 273 (291,725) (291,725) (1,084,848)
Other income
-
-
-
45,679
 - - - - - -
Gain on sale of asset group
-
-
-
-
 - - (373,445) - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
 (1,595) (18,469) (373,172) (291,725) (291,725) (1,084,848)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
3.3%
3.3% —

EBIT

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
 ($55,801) ($55,083) ($346,615) ($310,540) ($310,540) ($904,116)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.6%
0.6% —

Interest expense

0.0% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense (income)
45,679
-
-
-
 - - - - - -
Interest expense
-
-
-
45,679
 10,053 17,982 21,516 56,943 56,943 71,952
Interest and other income or expenses
-
45,679
45,679
-
 - - - - - -
Income before income taxes
45,679
45,679
45,679
45,679
 (62,664) (36,127) 378,213 215,967 215,967 1,193,628
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
 149 2,326 2,767 2,862 2,862 17,792
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
2.2%
2.2% —

Net income (loss)

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 ($62,813) ($38,453) $375,446 $213,105 $213,105 $1,175,836
Preferred stock deemed dividend - Series E
45,679
45,679
45,679
-
 - - - - - -
Net income (loss) attributable to common stock
45,679
45,679
45,679
-
 - - - - - -

Basic Shares Outstanding
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
Class A
-
-
45,678,795
45,678,795
 283,432,014 327,326,001 354,826,967 389,826,763 389,826,763 389,826,763
Class B
-
-
45,678,795
45,678,795
 112,924,272 92,368,406 80,407,753 64,787,897 64,787,897 64,787,897
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.17) ($0.09) $0.88 $0.48 $0.48 $2.64
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.17) ($0.09) $0.81 $0.44 $0.44 $2.48