2024 Q4 Form 10-Q Financial Statement

#000148164625000006 Filed on January 10, 2025

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $105.1M
YoY Change 5.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $41.71M
YoY Change 0.01%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $168.8M
YoY Change 120.45%
Operating Profit -$122.3M
YoY Change 285.62%
Interest Expense $1.452M
YoY Change -14.84%
% of Operating Profit
Other Income/Expense, Net -$69.00K
YoY Change -100.74%
Pretax Income -$120.9M
YoY Change 483.28%
Income Tax $332.0K
% Of Pretax Income
Net Earnings -$121.3M
YoY Change 475.69%
Net Earnings / Revenue -115.42%
Basic Earnings Per Share -$1.50
Diluted Earnings Per Share -$1.50
COMMON SHARES
Basic Shares Outstanding 80.65M shares
Diluted Shares Outstanding 80.65M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $185.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $25.76M
Other Receivables
Total Short-Term Assets $272.4M
YoY Change 0.13%
LONG-TERM ASSETS
Property, Plant & Equipment $18.57M
YoY Change -3.41%
Goodwill $181.7M
YoY Change -34.67%
Intangibles $139.3M
YoY Change -20.19%
Long-Term Investments
YoY Change
Other Assets $2.245M
YoY Change -24.77%
Total Long-Term Assets $375.0M
YoY Change -26.95%
TOTAL ASSETS
Total Short-Term Assets $272.4M
Total Long-Term Assets $375.0M
Total Assets $647.5M
YoY Change -17.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.34M
YoY Change -18.34%
Accrued Expenses
YoY Change
Deferred Revenue $38.26M
YoY Change -27.5%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $103.6M
YoY Change -10.45%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $256.0K
YoY Change 55.15%
Total Long-Term Liabilities $256.0K
YoY Change 55.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $103.6M
Total Long-Term Liabilities $256.0K
Total Liabilities $334.5M
YoY Change -4.65%
SHAREHOLDERS EQUITY
Retained Earnings -$1.227B
YoY Change 17.23%
Common Stock $8.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $313.0M
YoY Change
Total Liabilities & Shareholders Equity $647.5M
YoY Change -17.57%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income -$121.3M
YoY Change 475.69%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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ACCOLADE, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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Financial instruments that potentially subject the Company to credit risk consist principally of cash, cash equivalents, and marketable securities. The Company maintains its cash primarily with domestic financial institutions of high credit quality, which may exceed federal deposit insurance corporation limits. The Company invests its cash equivalents in highly rated money market funds, as well as in commercial paper and U.S. treasury bills with original maturities of three months or less. Marketable securities are comprised of U.S. government debt, commercial paper, and U.S. agency debt with original maturities greater than three months. The Company believes it is not exposed to any significant credit risk on cash, cash equivalents, and marketable securities and performs periodic evaluations of the credit standing of such institutions.
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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RevenueRemainingPerformanceObligation
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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CY2024Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2023Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CapitalizedContractCostAmortization
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CapitalizedContractCostAmortization
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us-gaap Capitalized Contract Cost Impairment Loss
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us-gaap Goodwill Impairment Loss
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us-gaap Goodwill Impairment Loss
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CY2024Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
134962000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Net
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CY2024Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
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CY2021Q1 accd Number Of Initial Purchasers Of Capped Call Transactions
NumberOfInitialPurchasersOfCappedCallTransactions
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CY2019Q3 accd Number Of Banks
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CY2024Q4 us-gaap Allocated Share Based Compensation Expense
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AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2024Q4 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.24
CY2024Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2024Q4 us-gaap Purchase Obligation
PurchaseObligation
40323000 usd
CY2024Q4 accd Purchase Obligation Remaining Future Purchase Commitments
PurchaseObligationRemainingFuturePurchaseCommitments
17834000 usd
CY2024Q4 us-gaap Severance Costs1
SeveranceCosts1
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CY2023Q4 us-gaap Severance Costs1
SeveranceCosts1
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us-gaap Severance Costs1
SeveranceCosts1
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us-gaap Severance Costs1
SeveranceCosts1
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CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
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us-gaap Severance Costs1
SeveranceCosts1
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us-gaap Payments For Restructuring
PaymentsForRestructuring
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CY2024Q4 us-gaap Restructuring Reserve
RestructuringReserve
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CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001481646
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
dei Document Type
DocumentType
10-Q
dei Entity Address Address Line1
EntityAddressAddressLine1
1201 Third Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1700
dei Entity Address City Or Town
EntityAddressCityOrTown
Seattle
dei Entity Address State Or Province
EntityAddressStateOrProvince
WA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
98101
dei City Area Code
CityAreaCode
206
dei Local Phone Number
LocalPhoneNumber
926-8100
dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
CY2024Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.50
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q4 us-gaap Earnings Per Share Diluted
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CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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76139256 shares
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-721000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12710000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22120000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1037000 usd
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-11-30
dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26077000 usd
CY2024Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
256000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
156000 usd
CY2024Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
66000 usd
dei Entity File Number
EntityFileNumber
001-39348
dei Trading Symbol
TradingSymbol
ACCD
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185922000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185718000 usd
CY2024Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
39557000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
51315000 usd
CY2024Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25764000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21800000 usd
CY2024Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4930000 usd
CY2024Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
5902000 usd
CY2024Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
4209000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
4369000 usd
CY2024Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12064000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15808000 usd
CY2024Q4 us-gaap Assets Current
AssetsCurrent
272446000 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
284912000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18567000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19140000 usd
CY2024Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24677000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28340000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
181731000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
165407000 usd
CY2024Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
8471000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
9608000 usd
CY2024Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2245000 usd
CY2024Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
3649000 usd
CY2024Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
18552000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38260000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34770000 usd
CY2024Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7341000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6651000 usd
CY2024Q4 us-gaap Liabilities Current
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103578000 usd
CY2024Q1 us-gaap Liabilities Current
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107850000 usd
CY2024Q4 us-gaap Long Term Loans Payable
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209403000 usd
CY2024Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
208482000 usd
CY2024Q4 us-gaap Operating Lease Liability Noncurrent
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CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
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121000 usd
CY2024Q4 us-gaap Liabilities
Liabilities
334451000 usd
CY2024Q1 us-gaap Liabilities
Liabilities
342686000 usd
CY2024Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
445465000 usd
CY2024Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
647451000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
788151000 usd
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105061000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q4 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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58573000 usd
CY2023Q4 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
54518000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
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us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
164038000 usd
CY2024Q4 accd Product And Technology Expense
ProductAndTechnologyExpense
20588000 usd
CY2023Q4 accd Product And Technology Expense
ProductAndTechnologyExpense
23468000 usd
accd Product And Technology Expense
ProductAndTechnologyExpense
69374000 usd
accd Product And Technology Expense
ProductAndTechnologyExpense
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CY2024Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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SellingAndMarketingExpense
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Selling And Marketing Expense
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CY2024Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2023Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15474000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2024Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10048000 usd
CY2023Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11400000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
31077000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
33858000 usd

Files In Submission

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0001481646-25-000006.txt Edgar Link pending
0001481646-25-000006-xbrl.zip Edgar Link pending
accd-20241130.htm Edgar Link pending
accd-20241130.xsd Edgar Link pending
accd-20241130xex311.htm Edgar Link pending
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