Anaplan, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed Jun 2, 2022. Its latest SEC filing is a 15-12G from Jun 30, 2022.

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

What Did They Do?

Sells a cloud-based planning platform that helps enterprises model scenarios, coordinate business plans, and forecast outcomes.

How Did They Make Money?

Customers mainly pay for subscriptions to use the cloud planning platform, generally billed annually in advance. Customers buying consulting, implementation, or training services are billed as the work is performed.

FY2022 revenue

Who Were Their Customers?

Enterprises with complex planning needs buy through Anaplan’s direct sales team or its partner network; consulting and systems-integration partners also help find customers and implement the platform.

Did Revenues Turn Into Profits?

No. It lost $203.6M in FY2022.

Operating income, FY2022

−34% of revenue

▲ +31% (Loss) vs FY2021 (−$153.8M, −34%)

Net income, FY2022

−34% of revenue

▲ +32% (Loss) vs FY2021 (−$154M, −34%)

Free cash flow, FY2022

−4% of revenue

▲ +147% (Loss) vs FY2021 (−$10.3M, −2%)

How Were They Changing?

Since the FY2022 annual report

Latest quarter: Q1 FY2023, the three months to Apr 30, 2022

Revenue: ▲ +30%; vs $129.8M in Q1 FY2022
Net income: ▲ +12% (Loss); vs −$51.5M in Q1 FY2022

Jun 22, 2022 Thoma Bravo completed its acquisition of Anaplan Anaplan became private and left the New York Stock Exchange; Frank Calderoni stepped down as chairman and CEO, and Charles Goodman became chairman and interim CEO.
Jun 6, 2022 Anaplan and Thoma Bravo amended their merger agreement The cash price per share was reduced from $66.00 to $63.75 as the parties resolved a disagreement.
May 26, 2022 Anaplan suspended its fiscal 2023 financial guidance It said it would not provide second-quarter guidance and suspended full-year guidance in light of the pending transaction.

Grew. Revenue grew 3.5x in 4 years, from $168.3M in FY2018 to $592.2M in FY2022, about 37% a year.

Broader partner role The earlier report described partners as supplementing a primarily direct sales team; the latest report describes the partner ecosystem as an integral extension of direct sales.

Who Did They Compete With?

Competes with Oracle, SAP, Workday, and IBM

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