Square, inc. (SQ)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Revenue:
Revenue

5,135

4,713

4,332

3,948

3,588

3,298

2,981

2,684

2,421

2,214

2,050

1,903

1,791

1,708

1,631

1,524

1,395

1,267

0

0

0

Cost of revenue:
Total cost of revenue

3,103

2,823

2,589

2,352

2,143

1,994

1,818

1,655

1,500

1,374

1,284

1,206

1,151

1,132

1,112

1,059

989

897

0

0

0

Gross profit

2,031

1,889

1,742

1,595

1,445

1,303

1,163

1,029

921

839

766

697

639

576

518

464

405

370

0

0

0

Operating expenses:
Product development

711

670

639

606

546

497

448

395

358

321

294

282

272

268

262

247

224

199

0

0

0

Sales and marketing

685

624

558

525

467

411

368

318

280

253

225

205

185

173

162

155

147

145

0

0

0

General and administrative

464

436

413

383

365

339

310

288

269

250

237

225

212

251

244

230

211

143

0

0

0

Transaction and loan losses

208

126

119

110

97

88

80

76

73

67

63

56

55

51

51

54

45

54

0

0

0

Amortization of acquired customer assets

0

-

0

0

0

-

0

0

0

-

4

2

0

-

1

1

1

1

0

0

0

Total operating expenses

2,073

1,863

1,736

1,631

1,482

1,340

1,209

1,080

982

893

821

769

726

746

722

689

631

544

0

0

0

Operating loss

-41

26

6

-35

-37

-36

-46

-51

-61

-54

-55

-72

-87

-170

-204

-224

-225

-174

0

0

0

Interest expense, net

-26

-21

-20

-22

-20

-17

-16

-11

-11

-10

-7

-4

-0

0

0

0

0

-

0

0

0

Other expense, net

5

-0

-26

5

7

18

39

0

0

-

0

-

-

-

-

-

-

-1

0

0

0

Loss before income tax

310

378

-40

-52

-50

-36

-24

-61

-71

-62

-60

-76

-87

-169

-202

-223

-224

-176

0

0

0

Provision for income taxes

3

2

2

1

2

2

1

-0

-0

0

1

2

2

1

2

2

3

3

0

0

0

Net loss

307

375

-43

-53

-52

-38

-25

-61

-71

-62

-62

-78

-89

-171

-204

-226

-228

-179

0

0

0

Net loss per share
Basic (in USD per share)

-0.24

0.92

0.07

-0.02

-0.09

-0.07

0.05

-0.01

-0.06

-0.05

-0.04

-0.04

-0.04

-0.04

-0.09

-0.08

-0.29

-0.36

-0.35

-0.20

-0.33

Diluted (in USD per share)

-0.24

0.86

0.06

-0.02

-0.09

-0.06

0.04

-0.01

-0.06

-0.05

-0.04

-0.04

-0.04

-0.04

-0.09

-0.08

-0.29

-0.36

-0.35

-0.20

-0.33

Weighted-average shares used to compute net loss per share
Basic (in shares)

434

430

427

423

419

413

409

403

395

390

383

376

366

356

343

334

331

235

152

149

145

Diluted (in shares)

434

555

466

423

419

348

474

403

395

390

383

376

366

356

343

334

331

235

152

149

145

Transaction-based revenue
Revenue

3,182

3,081

2,916

2,755

2,605

2,471

2,328

2,182

2,039

1,920

0

0

0

-

-

-

-

-

-

-

-

Cost of revenue

1,994

1,937

1,839

1,734

1,639

1,558

1,471

1,384

1,300

1,230

0

0

0

-

-

-

-

-

-

-

-

Subscription and services-based revenue
Revenue

949

883

815

716

612

499

395

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Revenue

1,108

1,031

944

830

713

591

476

375

300

252

0

0

0

-

-

-

-

-

-

-

-

Cost of revenue

214

234

236

220

200

169

141

112

90

75

0

0

0

-

-

-

-

-

-

-

-

Hardware revenue
Revenue

86

84

80

76

72

68

62

54

46

41

38

36

37

44

41

37

30

16

0

0

0

Cost of revenue

0

-

121

109

0

-

0

0

0

-

57

54

0

-

70

60

53

30

0

0

0

Bitcoin revenue
Revenue

757

516

391

286

197

166

114

71

34

0

0

0

0

-

-

-

-

-

-

-

-

Cost of revenue

742

508

385

281

195

164

112

70

33

0

0

0

0

-

-

-

-

-

-

-

-

Technology assets
Amortization of acquired technology

7

6

6

6

6

7

7

6

6

6

6

7

7

8

8

8

7

5

0

0

0

Customer assets
Amortization of acquired customer assets

0

-

-

-

0

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-