Marin Software Inc
NASDAQ:MRIN
Income Statement
Earnings Waterfall
Marin Software Inc
Income Statement
Marin Software Inc
| Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
54
N/A
|
60
+10%
|
64
+7%
|
68
+7%
|
73
+7%
|
77
+7%
|
83
+7%
|
89
+7%
|
94
+6%
|
99
+5%
|
103
+4%
|
106
+3%
|
107
+1%
|
109
+2%
|
109
+1%
|
108
-1%
|
106
-2%
|
100
-6%
|
93
-7%
|
86
-8%
|
80
-7%
|
75
-7%
|
70
-7%
|
66
-6%
|
60
-8%
|
59
-3%
|
57
-3%
|
55
-3%
|
53
-3%
|
49
-8%
|
44
-10%
|
39
-12%
|
34
-13%
|
30
-12%
|
28
-8%
|
26
-4%
|
26
-2%
|
24
-5%
|
23
-5%
|
22
-6%
|
21
-5%
|
20
-3%
|
19
-3%
|
19
-2%
|
19
-3%
|
18
-4%
|
17
-3%
|
17
-2%
|
17
-1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(23)
|
(25)
|
(27)
|
(29)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(36)
|
(37)
|
(39)
|
(40)
|
(40)
|
(39)
|
(38)
|
(36)
|
(35)
|
(34)
|
(34)
|
(33)
|
(33)
|
(32)
|
(30)
|
(29)
|
(27)
|
(25)
|
(24)
|
(23)
|
(23)
|
(22)
|
(21)
|
(19)
|
(17)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(9)
|
(8)
|
(7)
|
|
| Gross Profit |
31
N/A
|
35
+12%
|
37
+6%
|
39
+7%
|
42
+8%
|
46
+9%
|
51
+10%
|
55
+9%
|
60
+8%
|
64
+7%
|
66
+4%
|
67
+2%
|
67
-1%
|
69
+3%
|
70
+2%
|
71
+1%
|
70
-1%
|
65
-7%
|
59
-9%
|
52
-11%
|
47
-10%
|
42
-10%
|
38
-10%
|
35
-8%
|
32
-9%
|
32
-1%
|
31
-1%
|
31
-2%
|
30
-2%
|
26
-12%
|
22
-16%
|
18
-18%
|
15
-17%
|
13
-16%
|
12
-2%
|
13
+2%
|
13
0%
|
12
-8%
|
10
-11%
|
9
-14%
|
8
-13%
|
7
-6%
|
7
-7%
|
6
-5%
|
7
+4%
|
7
+2%
|
8
+14%
|
9
+15%
|
9
+6%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(54)
|
(60)
|
(65)
|
(71)
|
(76)
|
(81)
|
(83)
|
(88)
|
(94)
|
(98)
|
(102)
|
(106)
|
(104)
|
(100)
|
(97)
|
(89)
|
(83)
|
(80)
|
(77)
|
(72)
|
(71)
|
(70)
|
(68)
|
(66)
|
(63)
|
(58)
|
(54)
|
(50)
|
(46)
|
(44)
|
(39)
|
(35)
|
(31)
|
(28)
|
(27)
|
(25)
|
(24)
|
(25)
|
(27)
|
(25)
|
(27)
|
(29)
|
(29)
|
(29)
|
(27)
|
(24)
|
(27)
|
(24)
|
(22)
|
|
| Selling, General & Administrative |
(42)
|
(46)
|
(49)
|
(53)
|
(56)
|
(60)
|
(62)
|
(65)
|
(67)
|
(69)
|
(70)
|
(71)
|
(69)
|
(65)
|
(62)
|
(57)
|
(54)
|
(51)
|
(48)
|
(45)
|
(43)
|
(42)
|
(42)
|
(41)
|
(39)
|
(35)
|
(33)
|
(29)
|
(28)
|
(26)
|
(22)
|
(20)
|
(17)
|
(15)
|
(14)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(17)
|
(17)
|
(18)
|
(16)
|
(15)
|
(14)
|
(12)
|
(12)
|
|
| Research & Development |
(12)
|
(14)
|
(16)
|
(18)
|
(19)
|
(21)
|
(22)
|
(23)
|
(26)
|
(28)
|
(31)
|
(33)
|
(33)
|
(32)
|
(32)
|
(30)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(22)
|
(21)
|
(20)
|
(19)
|
(17)
|
(17)
|
(16)
|
(15)
|
(14)
|
(13)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(9)
|
(8)
|
(7)
|
(7)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(3)
|
|
| Operating Income |
(23)
N/A
|
(25)
-11%
|
(29)
-13%
|
(32)
-11%
|
(33)
-5%
|
(34)
-3%
|
(33)
+5%
|
(33)
0%
|
(34)
-4%
|
(34)
+0%
|
(36)
-5%
|
(38)
-8%
|
(37)
+3%
|
(31)
+16%
|
(27)
+14%
|
(18)
+33%
|
(13)
+26%
|
(15)
-15%
|
(18)
-16%
|
(20)
-12%
|
(24)
-20%
|
(27)
-15%
|
(30)
-8%
|
(31)
-5%
|
(31)
+1%
|
(26)
+15%
|
(23)
+12%
|
(19)
+17%
|
(16)
+15%
|
(17)
-7%
|
(17)
+3%
|
(17)
-1%
|
(16)
+5%
|
(15)
+6%
|
(14)
+5%
|
(13)
+11%
|
(12)
+8%
|
(14)
-17%
|
(17)
-22%
|
(16)
+3%
|
(19)
-16%
|
(22)
-16%
|
(23)
-3%
|
(23)
-2%
|
(21)
+11%
|
(18)
+14%
|
(19)
-9%
|
(15)
+20%
|
(12)
+19%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(2)
|
(1)
|
(1)
|
0
|
(3)
|
(3)
|
(3)
|
(4)
|
(1)
|
(16)
|
(16)
|
(15)
|
(15)
|
(0)
|
3
|
3
|
3
|
2
|
(1)
|
0
|
0
|
0
|
(0)
|
3
|
0
|
0
|
3
|
0
|
0
|
(2)
|
(5)
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
|
| Pre-Tax Income |
(23)
N/A
|
(26)
-12%
|
(30)
-14%
|
(33)
-11%
|
(35)
-4%
|
(35)
-2%
|
(33)
+6%
|
(33)
-1%
|
(34)
-3%
|
(35)
-1%
|
(36)
-4%
|
(39)
-7%
|
(39)
-1%
|
(32)
+17%
|
(27)
+17%
|
(19)
+29%
|
(13)
+32%
|
(15)
-15%
|
(17)
-11%
|
(23)
-36%
|
(27)
-19%
|
(30)
-13%
|
(34)
-10%
|
(31)
+6%
|
(45)
-44%
|
(41)
+11%
|
(36)
+10%
|
(32)
+11%
|
(14)
+56%
|
(13)
+13%
|
(12)
+5%
|
(12)
0%
|
(13)
-6%
|
(15)
-17%
|
(13)
+12%
|
(12)
+9%
|
(11)
+10%
|
(13)
-24%
|
(13)
+1%
|
(15)
-19%
|
(18)
-17%
|
(18)
+1%
|
(22)
-21%
|
(22)
-2%
|
(22)
+3%
|
(22)
-3%
|
(19)
+15%
|
(15)
+20%
|
(12)
+18%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(24)
|
(26)
|
(30)
|
(34)
|
(35)
|
(36)
|
(34)
|
(31)
|
(32)
|
(33)
|
(35)
|
(40)
|
(40)
|
(33)
|
(28)
|
(20)
|
(14)
|
(16)
|
(18)
|
(24)
|
(29)
|
(31)
|
(34)
|
(32)
|
(46)
|
(41)
|
(37)
|
(32)
|
(14)
|
(12)
|
(12)
|
(11)
|
(12)
|
(14)
|
(12)
|
(11)
|
(10)
|
(13)
|
(13)
|
(16)
|
(18)
|
(18)
|
(22)
|
(23)
|
(22)
|
(22)
|
(19)
|
(15)
|
(12)
|
|
| Net Income (Common) |
(24)
N/A
|
(26)
-12%
|
(30)
-14%
|
(34)
-11%
|
(35)
-5%
|
(36)
-2%
|
(34)
+6%
|
(31)
+7%
|
(32)
-3%
|
(33)
-2%
|
(35)
-4%
|
(40)
-15%
|
(40)
-1%
|
(33)
+17%
|
(28)
+16%
|
(20)
+27%
|
(14)
+32%
|
(16)
-18%
|
(18)
-10%
|
(24)
-34%
|
(29)
-18%
|
(31)
-9%
|
(34)
-9%
|
(32)
+7%
|
(46)
-43%
|
(41)
+11%
|
(37)
+11%
|
(32)
+12%
|
(14)
+56%
|
(12)
+13%
|
(12)
+5%
|
(11)
+4%
|
(12)
-7%
|
(14)
-17%
|
(12)
+13%
|
(11)
+8%
|
(10)
+8%
|
(13)
-25%
|
(13)
+2%
|
(16)
-23%
|
(18)
-17%
|
(18)
0%
|
(22)
-21%
|
(23)
-2%
|
(22)
+3%
|
(22)
-1%
|
(19)
+15%
|
(15)
+21%
|
(12)
+18%
|
|
| EPS (Diluted) |
-221.39
N/A
|
-252.2
-14%
|
-172.73
+32%
|
-43.62
+75%
|
-45.28
-4%
|
-57.18
-26%
|
-42.71
+25%
|
-36.45
+15%
|
-39.03
-7%
|
-40.72
-4%
|
-40.56
+0%
|
-45.93
-13%
|
-45.5
+1%
|
-38.29
+16%
|
-31.25
+18%
|
-22.47
+28%
|
-15.29
+32%
|
-18.06
-18%
|
-19.54
-8%
|
-25.87
-32%
|
-30.59
-18%
|
-33.5
-10%
|
-36.06
-8%
|
-33.51
+7%
|
-47.82
-43%
|
-42.79
+11%
|
-37.07
+13%
|
-31.39
+15%
|
-12.89
+59%
|
-11.68
+9%
|
-10.35
+11%
|
-9.76
+6%
|
-10.29
-5%
|
-11.48
-12%
|
-7.15
+38%
|
-6.15
+14%
|
-4.29
+30%
|
-6.05
-41%
|
-4.91
+19%
|
-5.98
-22%
|
-6.81
-14%
|
-6.88
-1%
|
-7.66
-11%
|
-7.77
-1%
|
-7.29
+6%
|
-7.45
-2%
|
-6.13
+18%
|
-4.71
+23%
|
-3.83
+19%
|
|