Financial Snapshot

Revenue
$596.2M
TTM
Gross Margin
65.08%
TTM
Net Earnings
-$53.32M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
92.27%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$1.272B
Q2 2024
Cash
Q2 2024
P/E
-64.66
Sep 13, 2024 EST
Free Cash Flow
$112.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $530.2M $475.2M $405.4M $302.1M $258.5M $209.5M $161.0M $112.6M $73.19M
YoY Change 11.58% 17.23% 34.2% 16.86% 23.35% 30.17% 42.94% 53.86%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $530.2M $475.2M $405.4M $302.1M $258.5M $209.5M $161.0M $112.6M $73.19M
Cost Of Revenue $186.3M $172.3M $169.9M $148.5M $82.83M $61.84M $46.56M $33.00M $24.07M
Gross Profit $343.9M $302.9M $235.5M $153.5M $175.6M $147.7M $114.4M $79.62M $49.12M
Gross Profit Margin 64.86% 63.74% 58.1% 50.82% 67.96% 70.49% 71.08% 70.7% 67.11%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $259.0M $242.2M $217.5M $232.5M $178.1M $133.1M $109.9M $91.45M $76.94M
YoY Change 6.92% 11.38% -6.48% 30.55% 33.84% 21.11% 20.16% 18.86%
% of Gross Profit 75.3% 79.96% 92.34% 151.47% 101.4% 90.1% 96.04% 114.86% 156.64%
Research & Development $88.16M $77.19M $63.77M $70.34M $83.53M $59.39M $48.29M $35.96M $24.14M
YoY Change 14.22% 21.04% -9.34% -15.79% 40.64% 22.98% 34.28% 48.97%
% of Gross Profit 25.64% 25.48% 27.08% 45.82% 47.55% 40.21% 42.21% 45.17% 49.15%
Depreciation & Amortization $4.786M $4.491M $3.713M $104.5M $10.64M $11.54M $6.759M $4.386M $2.981M
YoY Change 6.57% 20.95% -96.45% 882.4% -7.74% 70.66% 54.1% 47.13%
% of Gross Profit 1.39% 1.48% 1.58% 68.1% 6.06% 7.81% 5.91% 5.51% 6.07%
Operating Expenses $347.1M $319.4M $282.4M $302.9M $261.6M $192.5M $158.2M $127.4M $101.1M
YoY Change 8.68% 13.08% -6.74% 15.76% 35.94% 21.65% 24.17% 26.05%
Operating Profit -$3.218M -$16.48M -$46.95M -$149.4M -$85.99M -$44.77M -$43.80M -$47.81M -$51.97M
YoY Change -80.47% -64.9% -68.57% 73.68% 92.06% 2.22% -8.38% -8.01%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense -$42.02M $24.60M $50.36M -$50.57M $16.00K $2.345M $306.0K $265.0K -$688.0K
YoY Change -270.86% -51.16% -199.59% -316143.75% -99.32% 666.34% 15.47% -138.52%
% of Operating Profit
Other Income/Expense, Net -$35.12M -$25.89M -$75.45M -$4.228M $1.554M -$698.0K $257.0K -$343.0K -$201.0K
YoY Change 35.62% -65.68% 1684.53% -372.07% -322.64% -371.6% -174.93% 70.65%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$38.34M -$42.37M -$122.4M -$243.9M -$84.44M -$43.13M -$43.24M -$47.89M -$52.86M
YoY Change -9.53% -65.38% -49.82% 188.88% 95.8% -0.26% -9.7% -9.41%
Income Tax -$4.258M -$8.132M -$33.72M -$43.74M -$3.620M $339.0K -$155.0K $317.0K $117.0K
% Of Pretax Income
Net Earnings -$34.08M -$34.24M -$88.68M -$200.2M -$80.82M -$43.47M -$43.08M -$48.20M -$52.98M
YoY Change -0.48% -61.39% -55.7% 147.69% 85.94% 0.88% -10.62% -9.02%
Net Earnings / Revenue -6.43% -7.21% -21.88% -66.27% -31.27% -20.74% -26.76% -42.8% -72.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.24 -$0.24 -$669.8K -$1.445M -$583.5K -$313.8K -$1.465M -$1.732M -$5.994M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $341.0M $186.0M $164.9M $146.2M $116.8M $41.39M $68.43M $90.80M
YoY Change 83.4% 12.75% 12.8% 25.16% -39.52% -24.63%
Cash & Equivalents $341.0M $186.0M $164.9M $146.2M $101.2M $35.69M $44.54M $90.47M
Short-Term Investments $0.00 $15.58M $5.697M $23.90M $325.0K
Other Short-Term Assets $30.58M $27.65M $30.28M $79.81M $28.28M $21.00M $6.370M $5.624M
YoY Change 10.6% -8.66% -62.07% 182.26% 229.62% 13.26%
Inventory
Prepaid Expenses
Receivables $67.19M $71.43M $51.61M $47.32M $38.03M $34.31M $18.07M $9.523M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $438.8M $285.0M $246.8M $273.3M $183.1M $96.70M $92.88M $105.9M
YoY Change 53.95% 15.49% -9.71% 49.26% 4.12% -12.33%
Property, Plant & Equipment $22.48M $25.96M $28.97M $38.19M $64.59M $23.93M $14.73M $11.73M
YoY Change -13.38% -10.4% -24.16% -40.87% 62.4% 25.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $31.65M $33.42M $34.04M $29.35M $17.66M $14.60M $1.978M $1.952M
YoY Change -5.3% -1.82% 15.95% 66.24% 637.92% 1.33%
Total Long-Term Assets $1.719B $1.868B $1.887B $1.995B $184.4M $59.92M $18.46M $15.12M
YoY Change -7.99% -0.98% -5.43% 982.19% 224.62% 22.11%
Total Assets $2.158B $2.153B $2.134B $2.269B $367.5M $156.6M $111.3M $121.1M
YoY Change
Accounts Payable $23.59M $18.79M $18.32M $13.30M $14.62M $2.892M $5.374M $3.912M
YoY Change 25.53% 2.55% 37.75% -9.01% -46.19% 37.37%
Accrued Expenses $31.27M $35.69M $35.07M $29.68M $17.70M $13.70M $10.91M $8.852M
YoY Change -12.37% 1.75% 18.19% 67.69% 25.65% 23.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.013M $4.013M $2.763M $6.118M $0.00 $0.00 $0.00
YoY Change 0.0% 45.24% -54.84%
Total Short-Term Liabilities $350.7M $334.1M $297.1M $253.8M $177.4M $117.3M $89.80M $62.69M
YoY Change 4.97% 12.44% 17.06% 43.09% 30.63% 43.25%
Long-Term Debt $482.4M $486.5M $490.5M $820.9M $0.00 $0.00 $0.00 $0.00
YoY Change -0.84% -0.82% -40.25%
Other Long-Term Liabilities $25.02M $32.13M $41.95M $47.33M $44.58M $12.38M $11.57M $12.75M
YoY Change -22.13% -23.4% -11.37% 6.16% 6.94% -9.25%
Total Long-Term Liabilities $507.4M $518.6M $532.4M $868.3M $44.58M $12.38M $11.57M $12.75M
YoY Change -2.16% -2.6% -38.68% 1847.5% 6.94% -9.25%
Total Liabilities $872.5M $877.4M $859.4M $1.181B $221.9M $129.7M $101.4M $75.44M
YoY Change -0.56% 2.09% -27.21% 431.96% 27.92% 34.37%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 144.0M 141.8K 132.4K 36.89K
Diluted Shares Outstanding 144.0M 141.8K 132.4K 36.89K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $3.4479 Billion

About Instructure Holdings Inc

Instructure Holdings, Inc. engages in the development and provision of cloud-based learning management, assessment, and performance systems. The company is headquartered in Salt Lake City, Utah and currently employs 1,496 full-time employees. The company went IPO on 2021-07-22. The firm personalizes, simplifies, organizes, and automates the entire learning lifecycle through technology. Its learning platform comprises solutions, including Canvas LMS, Canvas Studio, Canvas Catalog, Canvas Network, Canvas Credentials, Canvas Student Pathways, Mastery Assessment, Impact, Elevate Data Sync, Elevate K-12 Analytics, Elevate Data Quality, Elevate Standards Alignment, and LearnPlatform. Canvas LMS is designed to give education customers of all sizes and at every level an extensive set of flexible tools to support and enhance content creation, management, and delivery of face-to-face, blended and online instruction. Canvas Studio is an online video platform that integrates with Canvas LMS, which enables customers to host, manage, edit, and deliver video learning experiences. Canvas Catalog is a course catalog and registration system. The Company’s learning platform supports educators and learners.

Industry: Services-Prepackaged Software Peers: Alarm.com Holdings Inc Braze Inc Blackline Inc Clear Secure Inc EngageSmart, Inc. NCR Voyix Corp Salesforce Inc Sprout Social Inc Workiva Inc