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Care.com Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 6, 2019. Its latest SEC filing is a 15-12B from Feb 21, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides an online marketplace where families find caregivers for child, senior and other family care, and offers care benefits to employers and marketing and recruiting services to care-related businesses.

How Did They Make Money?

Families generally pay upfront for matching subscriptions that provide access over the subscription term, and pay for add-on services when delivered. Families pay quarterly for payroll and tax services after the service period; employers and care-related businesses usually pay before services begin under their contracts.

revenue

Who Were Their Customers?

Families and caregivers use the marketplace directly; employers provide the services as employee benefits, while care-related businesses subscribe to marketing and recruiting services.

Did Revenues Turn Into Profits?

Yes. It kept 28 cents of every revenue dollar as net income in .

Operating income,
4% of revenue
β–² +31% vs ($6M, 3%)
Net income,
28% of revenue
β–² +396% vs ($10.7M, 6%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Revenue
β–² +8%
vs $49.2M in Q3 FY2018
Net income
β–Ό Now a loss
vs $1.9M in Q3 FY2018
  • Feb 11, 2020 IAC completed its acquisition of Care.com Care.com survived the merger as IAC’s wholly owned subsidiary.
  • Feb 7, 2020 CEO Sheila Lirio Marcelo’s resignation was set for the merger closing
  • Dec 23, 2019 Care.com agreed to be acquired by IAC The agreement called for a cash tender offer followed by a merger that would make Care.com a wholly owned IAC subsidiary.
  • Nov 6, 2019 Care.com issued fourth-quarter and full-year 2019 guidance Revenue guidance was $50.7–$50.9 million for Q4 and $208.3–$208.5 million for 2019; adjusted EBITDA guidance was $6.2–$6.4 million and $21.6–$21.8 million.

Grew. Revenue grew 74% in 4 years, from $110.7M in to $192.3M in , about 15% a year.

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