Cargurus, inc. (CARG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16
Revenue

157,689

158,153

150,462

145,031

135,270

126,090

119,125

110,296

98,575

90,597

82,989

76,240

67,035

53,136

Cost of revenue

11,610

10,560

9,392

8,628

7,720

6,871

6,412

5,959

5,569

5,242

4,720

4,322

3,325

2,852

Gross profit

146,079

147,593

141,070

136,403

127,550

119,219

112,713

104,337

93,006

85,355

78,269

71,918

63,710

50,284

Operating expenses:
Sales and marketing

93,595

100,606

100,133

101,789

91,316

85,991

82,708

78,395

68,845

67,670

63,891

55,533

49,071

40,510

Product, technology, and development

23,084

18,399

17,745

17,346

15,972

14,153

12,771

11,844

9,098

8,317

5,796

4,709

3,648

2,984

General and administrative

15,860

13,812

12,322

12,540

11,760

11,433

10,630

9,541

7,871

8,590

5,006

5,033

4,059

3,101

Depreciation and amortization

1,521

1,141

1,166

1,180

1,067

740

727

604

733

746

713

648

548

432

Total operating expenses

134,060

133,958

131,366

132,855

120,115

112,317

106,836

100,384

86,547

85,323

75,406

65,923

57,326

47,027

Income from operations

12,019

13,635

9,704

3,548

7,435

6,902

5,877

3,953

6,459

32

2,863

5,995

6,384

3,257

Other income, net:
Interest income

562

737

759

744

744

712

639

641

291

-

211

-

-

-

Other income, net

166

141

251

105

902

-5

-38

62

-9

-

-105

-

-

-

Total other income, net

728

878

1,010

849

1,646

707

601

703

282

240

106

53

164

107

Income before income taxes

12,747

14,513

10,714

4,397

9,081

7,609

6,478

4,656

6,741

272

2,969

6,048

6,548

3,364

Provision for (benefit from) income taxes

51

1,342

330

-1,610

-3,503

-4,841

-7,404

-28,687

1,246

-1,995

590

1,702

2,341

1,226

Net income

12,696

13,171

10,384

6,007

12,584

12,450

13,882

33,343

5,495

2,267

2,379

4,346

4,207

2,138

Reconciliation of net income to net income attributable to common stockholders:
Net income

12,696

13,171

10,384

6,007

12,584

12,450

13,882

33,343

5,495

2,267

2,379

4,346

4,207

2,138

Net income attributable to participating securities

-

-

-

-

-

-

-

-

-

-348

1,401

2,563

2,482

1,260

Net income attributable to common stockholders — basic

-

-

-

-

-

-

-

-

-

2,615

978

1,783

1,725

878

Net income

12,696

13,171

10,384

6,007

12,584

12,450

13,882

33,343

5,495

2,267

2,379

4,346

4,207

-

Net income attributable to participating securities

-

-

-

-

-

-

-

-

-

-369

1,345

2,468

2,385

1,222

Net income attributable to common stockholders — diluted

-

-

-

-

-

-

-

-

-

2,636

1,034

1,878

1,822

916

Net income per share attributable to common stockholders: (Note 10)
Basic

0.11

0.13

0.09

0.05

0.11

0.11

0.13

0.31

0.05

0.03

0.02

0.04

0.04

0.02

Diluted

0.11

0.12

0.09

0.05

0.11

0.11

0.12

0.29

0.05

0.02

0.02

0.04

0.04

0.02

Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders:
Basic

112,355

112,039

111,662

111,299

110,800

110,259

109,628

108,500

106,942

96,834

42,262

42,162

42,081

44,692

Diluted

113,489

113,567

113,364

113,388

113,406

113,434

113,601

113,081

113,341

103,618

46,567

46,097

46,267

48,069