Coupa Software Inc Income Statement - Real Clear Investing

Selected Quarter:

31-Jan
2021

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 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Subscription 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	72,957	83,482	90,175	98,647	105,735	111,581	118,083	134,942	470,341	539,768
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	8,387	11,657	11,609	12,805	13,479	14,340	14,881	28,602	71,302	114,408
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	$81,344	$95,139	$101,784	$111,452	$119,214	$125,921	$132,964	$163,544	$541,643	$654,176

Selected Quarter:

31-Jan
2021

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

158.3%

	2015 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Cost of subscription 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	17,403	22,062	23,752	26,235	29,002	33,805	36,528	48,039	147,374	192,156
Professional services and other	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	9,926	12,428	13,542	13,868	13,836	14,634	14,259	31,598	74,327	126,392
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	$27,329	$34,490	$37,294	$40,103	$42,838	$48,439	$50,787	$79,637	$221,701	$318,548
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	54,015	60,649	64,490	71,349	76,376	77,482	82,177	83,907	319,942	335,628
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	33,610	39,820	39,145	42,641	46,139	50,488	53,204	86,481	236,312	345,924
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	21,014	23,364	23,460	25,251	26,719	30,212	30,528	46,383	133,842	185,532
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	17,198	20,269	18,830	19,326	9,144	28,705	32,092	46,400	116,341	185,600
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	$71,822	$83,453	$81,435	$87,218	$82,002	$109,405	$115,824	$179,264	$486,495	$717,056

Selected Quarter:

31-Jan
2021

Income after excluding Operating Expenses from Total Revenue

58.3%

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

	2015 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
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	($17,807)	($22,804)	($16,945)	($15,869)	($5,626)	($31,923)	($33,647)	($95,357)	($166,553)	($381,428)

Selected Quarter:

31-Jan
2021

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

	2015 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter:	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Other expense or income	-	-	-	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense net	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income	-	-	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-

Selected Quarter:

31-Jan
2021

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

58.3%

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 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
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	($17,807)	($22,804)	($16,945)	($15,869)	($5,626)	($31,923)	($33,647)	($95,357)	($166,553)	($381,428)

Selected Quarter:

31-Jan
2021

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

20.8%

	2015 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Interest expense	-	-	-	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(3,175)	(8,511)	(13,188)	(12,784)	(12,289)	(20,223)	(29,308)	(29,451)	(91,271)	(117,804)
Interest and other income	-	-	-	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	924	1,479	4,076	2,837	3,328	4,759	746	4,488	13,321	17,952
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	(20,058)	(29,836)	(26,057)	(25,816)	(14,587)	(47,387)	(62,209)	(120,320)	(244,503)	(481,280)
Income tax expense or benefit	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	410	(9,842)	260	(1,763)	229	(4,271)	(1,411)	(58,933)	(64,386)	(235,732)

Selected Quarter:

31-Jan
2021

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

37.5%

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 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
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	($20,468)	($19,994)	($26,317)	($24,053)	($14,816)	($43,116)	($60,798)	($61,387)	($180,117)	($245,548)

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 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 07-Dec	2017 31-Mar	2017 06-Jun	2017 05-Sep	2017 04-Dec	2018 26-Mar	2018 04-Jun	2018 04-Sep	2018 06-Dec	2019 22-Mar	2019 30-May	2019 30-Aug	2019 29-Nov	2020 16-Mar	2020 04-Jun	2020 03-Sep	2020 03-Dec	2021 11-Mar	2021 11-Mar	2021 11-Mar
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	61,770,787	62,842,697	63,798,628	64,826,135	67,073,897	68,848,178	72,176,196	72,852,361	72,852,361	72,852,361

Selected Quarter:

31-Jan
2021

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

	2015 31-Oct	2016 31-Jan	2016 30-Apr	2016 31-Jul	2016 31-Oct	2017 31-Jan	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
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	($0.34)	($0.32)	($0.42)	($0.37)	($0.23)	($0.64)	($0.88)	($0.87)	($2.63)	($3.48)
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	($0.34)	($0.32)	($0.42)	($0.37)	($0.23)	($0.64)	($0.88)	($0.87)	($2.63)	($3.48)

Coupa Software Inc

Short Description

Income Statement

Subscription revenue

Professional services revenue

Sales and marketing

Cost of subscription revenue

General and administrative

Research and development

Professional services and other

Operating Income

EBIT

Income tax expense or benefit

Interest and other income

Interest expense

Net income (loss)