Etsy, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|
| Revenue | $441.2M | $365.0M | $273.5M | $195.6M | $125.0M |
| Cost of Revenue | $151.0M | $123.3M | $97.0M | $73.6M | $47.8M |
| Gross Profit | $290.2M | $241.6M | $176.5M | $122.0M | $77.2M |
| Gross Margin | 65.8% | 66.2% | 64.5% | 62.4% | 61.8% |
| Operating Expenses | |||||
| Research & Development | $74.6M | $55.1M | $42.7M | $36.6M | $27.5M |
| SG&A Expense | $91.5M | $86.2M | $68.9M | $51.9M | $31.1M |
| Operating Income | $11.9M | $17.6M | $-1.9M | $-6.3M | $733.0K |
| Operating Margin | 2.7% | 4.8% | -0.7% | -3.2% | 0.6% |
| Interest Expense | $11.1M | $7.2M | $1.5M | $590.0K | $302.0K |
| Pretax Income | $32.3M | $-2.9M | $-28.0M | $-10.3M | $58.0K |
| Income Tax Expense | $-49.5M | $27.0M | $26.1M | $5.0M | $854.0K |
| Net Income | $81.8M | $-29.9M | $-54.1M | $-15.2M | $-796.0K |
| Net Margin | 18.5% | -8.2% | -19.8% | -7.8% | -0.6% |
| EPS (Basic) | $0.69 | $-0.26 | $-0.59 | $-0.38 | $-0.02 |
| EPS (Diluted) | $0.68 | $-0.26 | $-0.59 | $-0.38 | $-0.02 |
| Shares Outstanding (Basic) | 118.5M | 113.6M | 91.1M | 44.2M | 33.1M |
| Shares Outstanding (Diluted) | 122.3M | 113.6M | 91.1M | 44.2M | 33.1M |
| Dividends Per Share | — | — | — | — | — |