Avalara Inc
NYSE:AVLR
Income Statement
Earnings Waterfall
Avalara Inc
Revenue
|
789.4m
USD
|
Cost of Revenue
|
-235.2m
USD
|
Gross Profit
|
554.2m
USD
|
Operating Expenses
|
-710m
USD
|
Operating Income
|
-155.7m
USD
|
Other Expenses
|
-10.6m
USD
|
Net Income
|
-166.4m
USD
|
Income Statement
Avalara Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
Revenue |
123
N/A
|
136
+11%
|
147
+8%
|
155
+6%
|
167
+8%
|
178
+6%
|
190
+7%
|
203
+7%
|
213
+5%
|
226
+6%
|
238
+6%
|
253
+6%
|
272
+8%
|
296
+9%
|
323
+9%
|
352
+9%
|
382
+9%
|
409
+7%
|
434
+6%
|
463
+7%
|
501
+8%
|
543
+8%
|
595
+10%
|
649
+9%
|
699
+8%
|
750
+7%
|
789
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(41)
|
(44)
|
(45)
|
(47)
|
(49)
|
(51)
|
(53)
|
(56)
|
(58)
|
(62)
|
(66)
|
(72)
|
(79)
|
(86)
|
(95)
|
(105)
|
(115)
|
(124)
|
(130)
|
(135)
|
(143)
|
(154)
|
(169)
|
(187)
|
(206)
|
(222)
|
(235)
|
|
Gross Profit |
82
N/A
|
93
+13%
|
101
+9%
|
109
+7%
|
119
+10%
|
127
+7%
|
137
+7%
|
147
+8%
|
155
+5%
|
164
+5%
|
172
+5%
|
181
+5%
|
194
+7%
|
209
+8%
|
228
+9%
|
248
+9%
|
267
+8%
|
285
+7%
|
304
+7%
|
328
+8%
|
358
+9%
|
389
+9%
|
426
+10%
|
462
+8%
|
493
+7%
|
528
+7%
|
554
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(162)
|
(167)
|
(171)
|
(173)
|
(173)
|
(183)
|
(191)
|
(198)
|
(209)
|
(218)
|
(238)
|
(242)
|
(260)
|
(281)
|
(297)
|
(306)
|
(325)
|
(352)
|
(366)
|
(389)
|
(419)
|
(457)
|
(511)
|
(560)
|
(610)
|
(655)
|
(710)
|
|
Selling, General & Administrative |
(131)
|
(133)
|
(136)
|
(138)
|
(139)
|
(147)
|
(153)
|
(158)
|
(166)
|
(172)
|
(181)
|
(191)
|
(206)
|
(214)
|
(224)
|
(233)
|
(240)
|
(257)
|
(263)
|
(276)
|
(294)
|
(317)
|
(354)
|
(389)
|
(424)
|
(455)
|
(493)
|
|
Research & Development |
(30)
|
(32)
|
(34)
|
(33)
|
(33)
|
(34)
|
(36)
|
(38)
|
(41)
|
(44)
|
(46)
|
(49)
|
(52)
|
(55)
|
(62)
|
(71)
|
(83)
|
(92)
|
(100)
|
(111)
|
(120)
|
(133)
|
(146)
|
(156)
|
(171)
|
(183)
|
(199)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(6)
|
(7)
|
(11)
|
(14)
|
(15)
|
(17)
|
(17)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
(9)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(80)
N/A
|
(75)
+7%
|
(70)
+6%
|
(65)
+8%
|
(54)
+16%
|
(56)
-3%
|
(54)
+4%
|
(51)
+5%
|
(54)
-6%
|
(54)
0%
|
(66)
-22%
|
(62)
+7%
|
(67)
-9%
|
(72)
-7%
|
(69)
+3%
|
(58)
+16%
|
(58)
+1%
|
(67)
-15%
|
(62)
+7%
|
(61)
+2%
|
(62)
-2%
|
(68)
-9%
|
(85)
-25%
|
(98)
-16%
|
(117)
-19%
|
(127)
-8%
|
(156)
-23%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
0
|
0
|
0
|
(2)
|
(3)
|
0
|
0
|
(3)
|
(3)
|
(4)
|
(3)
|
(1)
|
1
|
2
|
4
|
6
|
7
|
6
|
3
|
2
|
0
|
0
|
(1)
|
(2)
|
(4)
|
(3)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(9)
|
(9)
|
0
|
(18)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(4)
|
(2)
|
1
|
1
|
3
|
1
|
1
|
1
|
(0)
|
(1)
|
1
|
4
|
5
|
5
|
3
|
(3)
|
(4)
|
(10)
|
(13)
|
(7)
|
(5)
|
|
Pre-Tax Income |
(82)
N/A
|
(76)
+8%
|
(72)
+5%
|
(67)
+7%
|
(57)
+14%
|
(60)
-4%
|
(58)
+3%
|
(54)
+8%
|
(65)
-22%
|
(65)
N/A
|
(67)
-3%
|
(81)
-20%
|
(77)
+6%
|
(71)
+8%
|
(67)
+5%
|
(55)
+18%
|
(51)
+6%
|
(56)
-9%
|
(52)
+7%
|
(52)
-1%
|
(58)
-10%
|
(70)
-22%
|
(88)
-25%
|
(109)
-24%
|
(132)
-22%
|
(137)
-4%
|
(164)
-20%
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
4
|
3
|
0
|
0
|
(1)
|
(0)
|
(0)
|
0
|
1
|
2
|
2
|
2
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
8
|
6
|
7
|
8
|
(3)
|
(1)
|
(2)
|
|
Income from Continuing Operations |
(78)
|
(72)
|
(71)
|
(67)
|
(58)
|
(60)
|
(58)
|
(53)
|
(64)
|
(63)
|
(66)
|
(80)
|
(76)
|
(71)
|
(67)
|
(55)
|
(52)
|
(57)
|
(53)
|
(54)
|
(49)
|
(64)
|
(81)
|
(101)
|
(136)
|
(138)
|
(166)
|
|
Net Income (Common) |
(78)
N/A
|
(72)
+8%
|
(71)
+1%
|
(67)
+6%
|
(58)
+13%
|
(60)
-4%
|
(58)
+4%
|
(53)
+8%
|
(64)
-20%
|
(63)
+1%
|
(66)
-4%
|
(80)
-21%
|
(76)
+5%
|
(71)
+6%
|
(67)
+5%
|
(55)
+17%
|
(52)
+5%
|
(57)
-9%
|
(53)
+7%
|
(54)
-1%
|
(49)
+8%
|
(64)
-30%
|
(81)
-28%
|
(101)
-24%
|
(136)
-34%
|
(138)
-2%
|
(166)
-20%
|
|
EPS (Diluted) |
-1.18
N/A
|
-1.09
+8%
|
-1.08
+1%
|
-1.01
+6%
|
-0.88
+13%
|
-0.91
-3%
|
-0.88
+3%
|
-0.81
+8%
|
-0.97
-20%
|
-0.96
+1%
|
-0.99
-3%
|
-1.19
-20%
|
-1.13
+5%
|
-1.03
+9%
|
-0.94
+9%
|
-0.73
+22%
|
-0.68
+7%
|
-0.74
-9%
|
-0.67
+9%
|
-0.65
+3%
|
-0.58
+11%
|
-0.75
-29%
|
-0.94
-25%
|
-1.17
-24%
|
-1.56
-33%
|
-1.58
-1%
|
-1.89
-20%
|