Etsy Inc - Understand $etsy stock

$ETSY Market Cap: $6.644 Billion

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Financial Snapshot

Revenue

$2.798B

TTM

Gross Margin

71.06%

TTM

Net Earnings

$256.6M

TTM

Current Assets

$1.321B

Q3 2024

Current Liabilities

$553.0M

Q3 2024

Current Ratio

238.84%

Q3 2024

Total Assets

$2.442B

Q3 2024

Total Liabilities

$3.067B

Q3 2024

Book Value

-$624.3M

Q3 2024

Cash

$818.9M

Q3 2024

P/E

25.89

Nov 29, 2024 EST

Free Cash Flow

$687.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$2.748B	$2.566B	$2.329B	$1.726B	$818.4M	$603.7M	$441.2M	$365.0M	$273.5M	$195.6M	$125.0M	$74.60M
YoY Change	7.1%	10.18%	34.97%	110.86%	35.56%	36.82%	20.9%	33.44%	39.83%	56.45%	67.59%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$2.748B	$2.566B	$2.329B	$1.726B	$818.4M	$603.7M	$441.2M	$365.0M	$273.5M	$195.6M	$125.0M	$74.60M
Cost Of Revenue	$828.7M	$744.6M	$654.5M	$464.7M	$271.0M	$190.8M	$151.0M	$123.3M	$96.98M	$73.63M	$47.78M	$24.50M
Gross Profit	$1.920B	$1.822B	$1.675B	$1.261B	$547.3M	$412.9M	$290.2M	$241.6M	$176.5M	$122.0M	$77.24M	$50.10M
Gross Profit Margin	69.85%	70.98%	71.9%	73.07%	66.88%	68.4%	65.78%	66.21%	64.54%	62.35%	61.78%	67.16%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$1.102B	$1.023B	$937.3M	$656.8M	$336.7M	$240.9M	$200.6M	$168.4M	$135.7M	$91.58M	$48.96M	$32.80M
YoY Change	7.8%	9.1%	42.71%	95.06%	39.77%	20.11%	19.08%	24.11%	48.2%	87.03%	49.27%
% of Gross Profit	57.43%	56.14%	55.97%	52.09%	61.52%	58.34%	69.1%	69.7%	76.88%	75.09%	63.39%	65.47%
Research & Development	$469.3M	$412.4M	$271.5M	$180.1M	$121.9M	$97.25M	$74.62M	$55.08M	$42.69M	$36.63M	$27.55M	$18.70M
YoY Change	13.81%	51.88%	50.79%	47.75%	25.33%	30.33%	35.46%	29.02%	16.54%	32.98%	47.32%
% of Gross Profit	24.45%	22.64%	16.21%	14.28%	22.27%	23.55%	25.71%	22.8%	24.19%	30.04%	35.66%	37.33%
Depreciation & Amortization	$91.32M	$96.70M	$74.27M	$58.19M	$48.03M	$26.74M	$27.20M	$22.53M	$18.55M	$17.22M	$12.38M	$7.900M
YoY Change	-5.56%	30.21%	27.63%	21.15%	79.61%	-1.67%	20.74%	21.43%	7.7%	39.12%	56.71%
% of Gross Profit	4.76%	5.31%	4.43%	4.61%	8.78%	6.48%	9.37%	9.32%	10.51%	14.12%	16.03%	15.77%
Operating Expenses	$1.640B	$2.480B	$1.209B	$836.9M	$458.6M	$338.1M	$278.3M	$224.1M	$178.4M	$128.2M	$76.51M	$51.50M
YoY Change	-33.88%	105.16%	44.45%	82.49%	35.62%	21.48%	24.23%	25.59%	39.15%	67.57%	48.56%
Operating Profit	$279.8M	-$658.6M	$465.7M	$424.0M	$88.76M	$74.79M	$11.90M	$17.58M	-$1.884M	-$6.251M	$733.0K	-$1.400M
YoY Change	-142.49%	-241.4%	9.84%	377.7%	18.69%	528.67%	-32.32%	-1032.96%	-69.86%	-952.8%	-152.36%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$14.04M	$14.17M	$9.885M	$42.03M	$24.32M	$22.18M	$11.13M	$7.204M	-$23.00M	-$3.600M	-$300.0K	-$400.0K
YoY Change	-0.89%	43.33%	-76.48%	72.8%	9.66%	99.26%	54.5%	-131.32%	538.89%	1100.0%	-25.0%
% of Operating Profit	5.02%		2.12%	9.91%	27.4%	29.66%	93.56%	40.99%			-40.93%
Other Income/Expense, Net	$12.98M	-$3.418M	$5.922M	-$58.30M	-$8.115M	-$19.71M	$20.37M	-$20.45M	-$26.11M	-$4.009M	-$675.0K	-$700.0K
YoY Change	-479.72%	-157.72%	-110.16%	618.42%	-58.82%	-196.75%	-199.59%	-21.67%	551.28%	493.93%	-3.57%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$292.8M	-$662.0M	$471.7M	$365.7M	$80.65M	$55.08M	$32.27M	-$2.876M	-$27.99M	-$10.26M	$58.00K	-$2.500M
YoY Change	-144.23%	-240.35%	28.97%	353.47%	46.42%	70.71%	-1221.87%	-89.73%	172.85%	-17789.66%	-102.32%
Income Tax	-$14.75M	$32.31M	-$21.85M	$16.46M	-$15.25M	-$22.41M	-$49.54M	$27.03M	$26.07M	$4.983M	$854.0K	-$100.0K
% Of Pretax Income	-5.04%		-4.63%	4.5%	-18.91%	-40.69%	-153.53%				1472.41%
Net Earnings	$307.6M	-$694.3M	$493.5M	$349.2M	$95.89M	$77.49M	$81.80M	-$29.90M	-$54.06M	-$15.24M	-$796.0K	-$2.400M
YoY Change	-144.3%	-240.68%	41.31%	264.2%	23.75%	-5.27%	-373.57%	-44.69%	254.67%	1814.95%	-66.83%
Net Earnings / Revenue	11.19%	-27.06%	21.19%	20.24%	11.72%	12.84%	18.54%	-8.19%	-19.77%	-7.79%	-0.64%	-3.22%
Basic Earnings Per Share	$2.51	-$5.48	$3.88	$2.88	$0.80	$0.64	$0.69	-$0.26	-$0.59
Diluted Earnings Per Share	$2.24	-$5.48	$3.40	$2.69	$0.76	$0.61	$0.68	-$0.26	-$0.59	-$136.9K	-$7.207K	-$21.62K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$1.150B	$1.172B	$984.6M	$1.669B	$817.3M	$624.3M	$340.6M	$282.1M	$292.9M	$88.80M	$54.90M	$55.70M
YoY Change	-1.81%	19.0%	-41.01%	104.23%	30.91%	83.29%	20.74%	-3.69%	229.84%	61.75%	-1.44%
Cash & Equivalents	$914.3M	$921.3M	$780.2M	$1.244B	$443.3M	$367.0M	$315.4M	$181.6M	$271.2M	$69.70M	$36.80M	$34.90M
Short-Term Investments	$236.1M	$250.4M	$204.4M	$425.1M	$374.0M	$257.3M	$25.10M	$100.5M	$21.60M	$19.20M	$18.10M	$20.80M
Other Short-Term Assets	$129.9M	$80.20M	$109.4M	$56.20M	$38.60M	$22.70M	$20.40M	$32.70M	$26.60M	$12.20M	$5.500M	$3.500M
YoY Change	61.94%	-26.7%	94.69%	45.6%	70.04%	11.27%	-37.61%	22.93%	118.03%	121.82%	57.14%
Inventory
Prepaid Expenses
Receivables	$24.73M	$27.89M	$27.27M	$22.60M	$15.40M	$12.20M	$33.70M	$26.40M	$20.30M	$15.40M	$11.10M	$7.300M
Other Receivables	$265.4M	$234.0M	$220.2M	$146.8M	$49.80M	$21.10M	$44.60M	$29.80M	$19.20M	$10.60M	$5.300M	$2.200M
Total Short-Term Assets	$1.570B	$1.514B	$1.342B	$1.895B	$921.0M	$680.3M	$439.3M	$371.0M	$359.1M	$127.1M	$76.80M	$68.80M
YoY Change	3.75%	12.84%	-29.2%	105.73%	35.38%	54.86%	18.41%	3.31%	182.53%	65.49%	11.63%
Property, Plant & Equipment	$291.9M	$288.5M	$321.0M	$132.1M	$169.2M	$120.2M	$117.6M	$126.4M	$105.0M	$75.50M	$23.10M	$18.20M
YoY Change	1.18%	-10.12%	143.01%	-21.93%	40.77%	2.21%	-6.96%	20.38%	39.07%	226.84%	26.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$86.68M	$29.14M	$85.03M	$39.10M	$89.30M
YoY Change	197.48%	-65.73%	117.48%	-56.22%
Other Assets	$140.8M	$130.4M	$106.0M	$10.30M	$24.80M	$29.30M	$6.100M	$40.60M	$58.40M	$7.400M	$400.0K	$400.0K
YoY Change	7.97%	23.01%	929.39%	-58.47%	-15.36%	380.33%	-84.98%	-30.48%	689.19%	1750.0%	0.0%
Total Long-Term Assets	$1.115B	$1.121B	$2.490B	$509.7M	$621.4M	$221.6M	$166.3M	$210.2M	$194.0M	$119.1M	$29.40M	$23.80M
YoY Change	-0.56%	-54.98%	388.58%	-17.98%	180.42%	33.25%	-20.88%	8.35%	62.89%	305.1%	23.53%
Total Assets	$2.685B	$2.635B	$3.832B	$2.405B	$1.542B	$901.9M	$605.6M	$581.2M	$553.1M	$246.2M	$106.2M	$92.60M
YoY Change
Accounts Payable	$29.92M	$28.76M	$28.01M	$40.90M	$26.30M	$26.50M	$13.60M	$11.00M	$14.40M	$8.200M	$5.300M	$3.500M
YoY Change	4.04%	2.68%	-31.52%	55.51%	-0.75%	94.85%	23.64%	-23.61%	75.61%	54.72%	51.43%
Accrued Expenses	$358.5M	$335.5M	$332.1M	$236.9M	$92.50M	$49.20M	$28.70M	$24.20M	$31.30M	$12.90M	$5.000M	$2.000M
YoY Change	6.86%	1.0%	40.2%	156.11%	88.01%	71.43%	18.6%	-22.68%	142.64%	158.0%	150.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$6.079M	$4.731M	$2.418M	$8.500M	$8.300M	$3.900M	$5.800M	$6.800M	$5.600M	$1.800M	$800.0K	$1.300M
YoY Change	28.49%	95.66%	-71.55%	2.41%	112.82%	-32.76%	-14.71%	21.43%	211.11%	125.0%	-38.46%
Total Short-Term Liabilities	$710.8M	$631.8M	$615.6M	$454.7M	$188.5M	$112.1M	$102.5M	$84.00M	$80.10M	$41.50M	$19.20M	$10.90M
YoY Change	12.51%	2.63%	35.38%	141.22%	68.15%	9.37%	22.02%	4.87%	93.01%	116.15%	76.15%
Long-Term Debt	$2.383B	$2.385B	$2.386B	$1.107B	$838.7M	$278.6M	$4.100M	$5.300M	$7.600M	$3.100M	$0.00	$800.0K
YoY Change	-0.08%	-0.02%	115.45%	32.03%	201.04%	6695.12%	-22.64%	-30.26%	145.16%		-100.0%
Other Long-Term Liabilities	$121.7M	$120.4M	$122.4M	$41.60M	$44.00M	$79.90M	$78.30M	$82.10M	$73.50M	$54.20M	$1.400M	$1.000M
YoY Change	1.08%	-1.64%	194.27%	-5.45%	-44.93%	2.04%	-4.63%	11.7%	35.61%	3771.43%	40.0%
Total Long-Term Liabilities	$2.505B	$2.506B	$2.508B	$1.149B	$882.7M	$358.5M	$82.40M	$87.40M	$81.10M	$57.30M	$1.400M	$1.800M
YoY Change	-0.02%	-0.09%	118.31%	30.16%	146.22%	335.07%	-5.72%	7.77%	41.54%	3992.86%	-22.22%
Total Liabilities	$3.229B	$3.182B	$3.203B	$1.662B	$1.136B	$501.0M	$208.7M	$236.4M	$222.6M	$98.90M	$21.90M	$12.70M
YoY Change	1.47%	-0.65%	92.72%	46.35%	126.69%	140.06%	-11.72%	6.2%	125.08%	351.6%	72.44%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	122.5M shares	126.8M shares	127.2M shares	121.3M shares	119.7M shares	120.1M shares	118.5M shares	113.6M shares	91.12M shares
Diluted Shares Outstanding	140.1M shares	126.8M shares	146.7M shares	136.4M shares	125.7M shares	127.1M shares	122.3M shares	113.6M shares	91.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.6438 Billion

About ETSY INC

Etsy, Inc. engages in the operation of an online marketplace. The company is headquartered in Brooklyn, New York and currently employs 2,420 full-time employees. The company went IPO on 2015-04-16. The Company’s primary marketplace, Etsy.com, is the global destination for goods made by independent sellers. In addition to its core Etsy marketplace, its brands consist of Reverb Holdings, Inc. (Reverb), its musical instrument marketplace and Depop Limited (Depop), its fashion resale marketplace. Reverb is a two-sided marketplace that connects buyers and sellers of new, used, and vintage music gear from all over the world. The company offers Etsy.com sellers a marketplace with buyers along with a range of selling tools and services. The Company’s Depop is engaged in building a diverse and progressive home of fashion. The Reverb and Depop offer on-site advertising services and offer on-site advertising services. The Company’s offerings include jewelry and accessories, clothing and shoes, home and living, wedding and party, toys and entertainment, and art and collections.

Industry: Services-Business Services, NEC Peers: AMAZON COM INC Revolve Group, Inc. Chewy, Inc. DoorDash, Inc. EBAY INC Poshmark, Inc. Vivid Seats Inc. Xometry, Inc. Wayfair Inc.