Login

Coupa Software Inc

coupa.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Dec 12, 2022. Its latest SEC filing is a 15-12G from Mar 10, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides cloud software that helps businesses manage spending, including purchasing, invoicing and payments.

How Did They Make Money?

Customers generally pay annually in advance for platform access and support, while the service runs through the contract term. Fixed-fee services are typically invoiced in advance, time-based services after work is performed, and term licenses annually in advance.

revenue
SegmentShareRevenue
Subscription
Recurring

87%
FY2019: 90%
Professional services and other
13%
FY2019: 10%

Who Were Their Customers?

Companies, government and educational institutions, and large-company business units buy Coupa’s platform. Sales run through Coupa’s direct sales team and partner program.

Did Revenues Turn Into Profits?

No. It lost $379M in FY2022.

Operating income, FY2022
−34% of revenue
▲ +47% (Loss) vs FY2021 (−$166.6M, −31%)
Net income, FY2022
−52% of revenue
▲ +110% (Loss) vs FY2021 (−$180.1M, −33%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Oct 31, 2022
Revenue
▲ +17%
vs $185.8M in Q3 FY2022
Net income
▼ −7% (Loss)
vs −$91.2M in Q3 FY2022
Subscription share of revenue vs 88.7% in Q3 FY2022
  • Feb 28, 2023 Thoma Bravo completed its acquisition of Coupa The transaction closed, and Coupa’s stock ceased trading and was delisted from Nasdaq.

Grew. Revenue grew 3.9x in 4 years, from $186.8M in FY2018 to $725.3M in FY2022, about 40% a year.

Broader payment options The earlier report described Coupa Pay around supplier payments with virtual cards and early-payment discounts; the latest report also describes bank transfers, digital checks and digital wallets.

More specialized spend tools The latest report includes inventory management, supplier risk management, supply chain design and planning, and treasury management among its specialized tools; the earlier report focused on sourcing, analytics, contracts, supplier management and contingent workforce tools.

Revenue over time
Subscription Professional services and other
$1B$500M$0

Who Did They Compete With?

Competes with Oracle, SAP, and Workday

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support