Proofpoint, inc. (PFPT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Revenue:
Total revenue

249,774

243,429

227,385

214,439

202,937

198,479

184,179

171,875

162,461

146,919

134,686

122,441

115,635

109,646

99,784

89,904

79,003

74,939

69,149

63,546

57,763

56,194

50,311

46,398

42,704

40,837

34,503

31,827

30,764

28,649

27,084

25,943

24,619

22,691

20,486

19,880

18,781

Cost of revenue:
Total cost of revenue

68,931

63,262

59,881

57,828

55,243

52,995

50,937

50,772

47,057

40,498

36,011

34,493

32,376

29,831

27,280

26,658

24,824

23,892

21,054

19,824

19,288

19,443

17,264

15,261

13,711

12,669

10,346

9,479

9,068

8,233

8,130

8,370

8,380

7,751

7,249

7,331

7,399

Gross profit

180,843

180,167

167,504

156,611

147,694

145,484

133,242

121,103

115,404

106,421

98,675

87,948

83,259

79,815

72,504

63,246

54,179

51,047

48,095

43,722

38,475

36,751

33,047

31,137

28,993

28,168

24,157

22,348

21,696

20,416

18,954

17,573

16,239

14,940

13,237

12,549

11,382

Operating expense:
Research and development

69,895

61,969

60,060

55,185

53,249

48,215

45,917

47,527

43,732

35,414

32,477

32,306

29,606

27,772

24,493

23,588

22,653

20,092

20,000

18,659

15,708

14,203

13,454

12,298

11,948

10,989

8,307

7,591

7,562

6,460

6,262

6,224

5,881

5,363

4,594

4,881

4,941

Sales and marketing

123,162

111,374

105,502

102,837

97,004

92,554

90,006

84,911

77,897

66,242

66,406

60,126

55,920

42,670

51,467

48,664

46,523

41,174

38,651

35,638

32,951

25,673

25,662

24,180

22,818

21,999

17,415

16,239

16,128

15,488

14,126

13,450

12,175

12,606

10,779

9,846

9,445

General and administrative

29,555

29,633

26,388

27,881

25,825

25,754

23,877

19,029

17,525

16,512

13,388

12,348

10,487

10,778

8,393

22,999

10,604

10,827

9,961

8,495

7,333

7,194

7,133

6,846

5,506

6,185

5,758

3,777

3,902

3,822

3,141

2,964

2,766

3,054

2,043

2,092

2,048

Total operating expense

222,612

202,976

191,950

185,903

176,078

166,523

159,800

151,467

139,154

118,168

112,271

104,780

96,013

81,220

84,353

95,251

79,780

72,093

68,612

62,792

55,992

47,070

46,249

43,324

40,272

39,173

31,480

27,607

27,592

25,770

23,529

22,638

20,822

21,023

17,416

16,819

16,434

Operating loss

-41,769

-22,809

-24,446

-29,292

-28,384

-21,039

-26,558

-30,364

-23,750

-11,747

-13,596

-16,832

-12,754

-1,405

-11,849

-32,005

-25,601

-21,046

-20,517

-19,070

-17,517

-10,319

-13,202

-12,187

-11,279

-11,005

-7,323

-5,259

-5,896

-5,354

-4,575

-5,065

-4,583

-6,083

-4,179

-4,270

-5,052

Interest expense

8,920

-

3,698

1,068

-

13,023

9,746

-3,187

-2,821

46,155

-5,733

-5,848

-5,966

-6,009

-5,920

-5,809

-5,800

-5,912

-5,903

-3,332

-2,853

-2,828

-2,814

-2,798

-2,773

-637

-11

-5

12

2

-7

-43

-60

-42

-70

-112

-76

Other income, net

4,621

4,612

2,180

-409

726

1,557

224

-633

343

2,901

829

184

-129

-575

-228

-302

2

-292

-375

-80

-1,180

-858

-1,180

7

-199

-52

352

-148

-367

-54

109

-178

-31

-99

-31

94

149

Loss before income taxes

-46,068

-28,093

-25,964

-28,633

-27,658

-20,489

-36,080

-34,184

-26,228

-19,907

-18,500

-22,496

-18,849

-7,989

-17,997

-38,116

-31,399

-27,250

-26,795

-22,482

-21,550

-14,005

-17,196

-14,978

-14,251

-11,694

-6,982

-5,412

-6,251

-5,406

-4,473

-5,286

-4,674

-6,224

-4,280

-4,288

-4,979

Provision for income taxes

28,169

641

18,376

280

620

746

-20

114

-14,072

-13,360

977

999

1,434

174

370

185

257

142

219

112

162

-753

149

147

144

190

207

-3,347

142

91

119

232

79

201

33

30

106

Net loss

-74,237

-28,734

-44,340

-28,913

-28,278

-21,235

-36,060

-34,298

-12,156

-6,547

-19,477

-23,495

-20,283

-8,163

-18,367

-38,301

-31,656

-27,392

-27,014

-22,594

-21,712

-13,252

-17,345

-15,125

-14,395

-11,884

-7,189

-2,065

-6,393

-5,497

-4,592

-5,518

-4,753

-6,425

-4,313

-4,318

-5,085

Net loss per share, basic and diluted

-1.30

-0.51

-0.79

-0.52

-0.51

-0.39

-0.69

-0.67

-0.24

-0.13

-0.44

-0.54

-0.47

-0.18

-0.44

-0.92

-0.77

-0.68

-0.67

-0.57

-0.56

-0.35

-0.46

-0.41

-0.39

-0.34

-0.20

-0.06

-0.19

0.35

-0.14

-0.21

-0.85

-1.53

-1.07

-1.10

-1.33

Weighted average shares outstanding, basic and diluted

56,974

56,491

56,014

55,768

55,335

54,821

52,184

50,935

50,504

45,494

44,418

43,890

43,230

42,629

42,109

41,605

41,093

40,552

40,072

39,567

38,957

38,291

37,554

37,115

36,564

35,974

35,436

34,625

33,461

32,566

31,844

26,195

5,619

4,231

4,048

3,909

3,832

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,947

1,935

1,501

-

1,121

1,113

-

Intangible amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

4,170

-

3,667

3,369

3,405

3,422

3,210

2,917

2,707

2,471

2,250

2,109

1,960

2,071

909

660

404

-

-

1,172

1,279

-

1,091

1,076

-

Subscription
Total revenue

244,069

240,367

224,275

210,780

199,584

195,089

181,505

169,019

158,787

144,027

130,534

118,703

113,091

105,616

97,163

87,318

77,397

72,472

67,223

61,778

55,856

52,770

48,506

45,047

41,204

39,330

33,464

30,816

28,452

27,460

25,991

24,750

23,269

21,363

18,793

17,663

16,077

Total cost of revenue

59,848

55,789

52,308

50,648

48,252

46,758

45,679

45,618

42,198

35,937

31,211

30,363

28,321

25,849

23,987

23,198

21,682

20,374

18,209

16,829

16,334

14,841

14,300

12,544

11,451

10,396

8,937

8,276

7,829

6,832

6,967

7,236

7,211

6,640

5,936

5,801

5,816

Hardware and Service
Total revenue

5,705

3,062

3,110

3,659

3,353

3,390

2,674

2,856

3,674

2,892

4,152

3,738

2,544

4,030

2,621

2,586

1,606

2,467

1,926

1,768

1,907

3,424

1,805

1,351

1,500

1,507

1,039

1,011

2,312

1,189

1,093

1,193

1,350

1,328

1,693

2,217

2,704

Total cost of revenue

9,083

7,473

7,573

7,180

6,991

6,237

5,258

5,154

4,859

4,561

4,800

4,130

4,055

3,982

3,293

3,460

3,142

3,518

2,845

2,995

2,954

4,602

2,964

2,717

2,260

2,273

1,409

1,203

1,239

1,401

1,163

1,134

1,169

1,111

1,313

1,530

1,583

Cost of subscription revenue
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

2,376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

3,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of hardware and services revenue
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

7,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

7,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

4,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-