Rapid7, inc. (RPD)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Dec'14
Assets
Current assets:
Cash and cash equivalents

204,434

123,413

114,925

126,569

89,869

99,565

131,160

100,731

99,646

51,562

49,055

53,068

50,662

53,148

87,715

84,755

83,508

86,553

123,984

27,000

36,823

Short-term investments

36,384

116,158

131,815

119,138

161,600

159,210

140,633

13,983

29,630

39,178

34,825

31,213

28,561

18,779

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $2,251 and $1,829 at March 31, 2020 and December 31, 2019, respectively

64,388

87,927

62,422

69,289

59,707

74,935

53,771

48,476

38,718

73,661

48,690

47,560

33,703

49,154

38,286

38,663

29,817

44,164

31,969

26,363

25,412

Deferred contract acquisition and fulfillment costs, current portion

17,486

17,047

14,905

13,851

12,994

12,321

10,376

9,481

8,583

0

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

19,624

20,051

15,827

15,416

15,773

9,746

11,616

13,212

12,232

8,877

8,747

8,892

7,742

9,152

6,705

7,183

6,618

6,148

4,165

6,297

4,209

Total current assets

342,316

364,596

339,894

344,263

339,943

355,777

347,556

185,883

188,809

173,278

141,317

140,733

120,668

130,233

132,706

130,601

119,943

136,865

160,118

59,660

66,444

Long-term investments

12,804

22,887

10,997

18,680

33,613

44,892

39,275

3,929

1,096

1,102

1,110

8,799

16,803

20,162

-

-

-

-

-

-

-

Property and equipment, net

50,075

50,670

51,519

51,860

32,771

17,523

11,859

11,184

9,238

8,589

7,995

8,287

8,010

8,088

8,009

7,386

7,611

7,532

7,356

7,607

7,922

Operating lease right-of-use assets

62,942

60,984

61,217

59,417

15,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred contract acquisition and fulfillment costs, non-current portion

34,289

34,213

30,452

29,275

28,054

27,634

23,174

22,214

20,295

0

-

-

-

-

-

-

-

-

-

-

-

Goodwill

97,900

97,900

97,866

97,866

88,420

88,420

83,164

83,164

83,164

83,164

83,170

75,110

75,110

75,110

75,110

75,048

74,943

74,565

15,847

15,758

11,265

Intangible assets, net

27,867

28,561

29,183

29,726

23,979

23,955

16,023

16,002

16,316

16,640

17,208

8,294

8,460

8,946

9,450

10,219

10,802

11,385

2,482

2,767

1,156

Other assets

5,518

5,136

5,466

5,192

1,238

1,168

906

1,395

1,552

1,363

640

630

720

764

760

598

481

214

735

682

179

Total assets

633,677

664,913

626,594

636,279

563,906

559,369

521,957

323,771

320,470

284,136

251,440

241,853

229,771

243,303

226,035

223,852

213,780

230,561

186,538

86,474

86,966

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

10,062

6,836

6,549

12,975

6,297

7,048

2,766

4,612

5,669

2,240

3,567

2,257

3,495

4,012

2,675

4,200

1,657

2,038

2,868

2,990

3,536

Accrued expenses

26,486

41,021

33,174

33,069

25,062

37,376

27,392

21,832

18,372

29,728

23,737

20,667

16,346

23,499

22,226

19,798

14,424

24,707

15,725

12,765

11,907

Operating lease liabilities, current portion

8,866

7,179

6,460

6,057

5,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current portion

219,432

231,518

200,314

199,048

184,453

189,855

159,408

153,634

140,448

155,811

133,117

126,085

116,564

116,903

104,663

99,360

90,081

87,917

74,347

66,040

58,164

Term loan payable, net of unamortized debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,976

-

Other current liabilities

35

119

285

126

7,385

707

838

1,079

1,702

1,706

1,394

1,334

1,239

1,195

1,352

1,047

767

1,105

1,030

991

642

Total current liabilities

264,881

286,673

246,782

251,275

228,428

234,986

190,404

181,157

166,191

189,485

161,815

150,343

137,644

145,609

130,916

124,405

106,929

115,767

93,970

86,762

74,249

Convertible senior notes, net

187,944

185,200

182,471

179,791

177,198

174,688

172,165

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, non-current portion

71,586

72,294

73,266

71,722

16,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, non-current portion

31,641

36,226

36,620

44,944

52,014

58,716

63,680

70,766

78,450

68,689

55,526

54,344

51,083

52,160

44,601

45,362

41,776

42,400

35,805

31,471

26,892

Term loan payable, net of unamortized debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,172

16,871

Other long-term liabilities

1,325

1,352

1,280

1,023

1,021

3,660

2,607

2,305

1,907

1,809

2,333

2,539

3,187

3,496

2,872

2,939

4,460

4,319

4,305

5,050

4,218

Total liabilities

557,377

581,745

540,419

548,755

475,055

472,050

428,856

254,228

246,548

259,983

219,674

207,226

191,914

201,265

178,389

172,706

153,165

162,486

134,080

136,455

122,230

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stockholders’ equity:
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at March 31, 2020 and December 31, 2019; 0 shares issued at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Common stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2020 and December 31, 2019; 50,906,182 and 50,397,922 shares issued at March 31, 2020 and December 31, 2019, respectively; 50,419,374 and 49,911,114 shares outstanding at March 31, 2020 and December 31, 2019, respectively

504

499

493

488

482

476

473

467

462

441

439

435

428

426

425

421

419

415

394

132

126

Treasury stock, at cost, 486,808 shares at March 31, 2020 and December 31, 2019

4,764

4,764

4,764

4,764

4,764

4,764

4,764

4,764

4,764

4,764

4,645

4,531

4,457

4,391

4,154

4,154

3,526

3,526

3,526

3,526

3,526

Additional paid-in-capital

621,992

605,650

594,226

581,127

569,229

556,223

549,101

513,598

503,669

463,428

457,904

450,394

441,913

435,360

430,939

424,249

419,640

411,524

374,822

-

-

Accumulated other comprehensive (loss) income

-78

213

304

351

162

-31

-144

-24

-44

-39

-23

-46

-39

-19

-

-

-

-

-

-

-

Accumulated deficit

-541,354

-518,430

-504,084

-489,678

-476,258

-464,585

-451,565

-439,734

-425,401

-434,913

-421,909

-411,625

-399,988

-389,338

-379,564

-369,370

-355,918

-340,338

-319,232

-293,246

-243,462

Total stockholders’ equity

76,300

83,168

86,175

87,524

88,851

87,319

93,101

69,543

73,922

24,153

31,766

34,627

37,857

42,038

47,646

51,146

60,615

68,075

52,458

-296,640

-246,862

Total liabilities and stockholders’ equity

633,677

664,913

626,594

636,279

563,906

559,369

521,957

323,771

320,470

284,136

251,440

241,853

229,771

243,303

226,035

223,852

213,780

230,561

186,538

86,474

86,966