Block Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|
| Revenue | $2.21B | $1.71B | $1.27B | $850.2M |
| Transaction-based revenue | $1.92B | $1.46B | — | — |
| Starbucks transaction-based revenue | $0 | $78.9M | — | — |
| Subscription and services-based revenue | $252.7M | $129.4M | — | — |
| Hardware revenue | $41.4M | $44.3M | — | — |
| Bitcoin revenue | — | — | — | — |
| Commerce enablement revenue | — | — | — | — |
| Financial solutions revenue | — | — | — | — |
| Bitcoin ecosystem revenue | — | — | — | — |
| Cost of Revenue | $1.37B | $1.13B | $897.1M | $624.1M |
| Gross Profit | $839.3M | $576.0M | $370.0M | $226.1M |
| Gross Margin | 37.9% | 33.7% | 29.2% | 26.6% |
| Operating Expenses | ||||
| Research & Development | $321.9M | $268.5M | $199.6M | $144.6M |
| SG&A Expense | $250.6M | $252.0M | $143.5M | $94.2M |
| Operating Income | $-54.2M | $-170.5M | $-174.5M | $-150.5M |
| Operating Margin | -2.4% | -10.0% | -13.8% | -17.7% |
| Interest Expense | — | — | — | — |
| Pretax Income | $-62.7M | $-169.7M | $-176.1M | $-152.7M |
| Income Tax Expense | $149.0K | $1.9M | $3.7M | $1.4M |
| Net Income | $-62.8M | $-171.6M | $-179.8M | $-154.1M |
| Net Margin | -2.8% | -10.0% | -14.2% | -18.1% |
| EPS (Basic) | $-0.17 | $-0.50 | $-0.62 | $-0.54 |
| EPS (Diluted) | $-0.17 | $-0.50 | $-0.62 | $-0.54 |
| Shares Outstanding (Basic) | 379.3M | 341.6M | 341.0M | 284.1M |
| Shares Outstanding (Diluted) | 379.3M | 341.6M | 341.0M | 284.1M |
| Dividends Per Share | — | — | — | — |