Acquired by Thoma Bravo and Sunstone Partners in Jan 2023
Company logo

USER - UserTesting, Inc.

NYSE -> Technology -> Software—Application
San Francisco, United States
Type: Equity

USER price evolution
USER
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Current assets
Cash $164.62 $164.44 $163.02 $178.43
Short term investments
Net receivables $34.06 $42.65 $46.17 $47.97
Inventory
Total current assets $215.81 $225.16 $228.77 $240.56
Long term investments
Property, plant & equipment $15.77 $17.02 $18.28 $19.66
Goodwill & intangible assets $9.23 $9.3 $9.36 $9.43
Total noncurrent assets $38.07 $39.59 $41.53 $42.56
Total investments
Total assets $253.88 $264.74 $270.3 $283.13
Current liabilities
Accounts payable $1.52 $1.39 $2.15 $1.54
Deferred revenue $96.83 $99.79 $94.72 $90.95
Short long term debt $5.22 $5.22 $5.32 $5.27
Total current liabilities $116.11 $118.76 $115.47 $119.57
Long term debt $9.35 $10.37 $11.66 $13
Total noncurrent liabilities $10.23 $11.26 $12.54 $13.88
Total debt $14.56 $15.59 $16.97 $18.27
Total liabilities $126.34 $130.02 $128.02 $133.45
Shareholders' equity
Retained earnings -$252.32 -$237.13 -$218.41 -$203.2
Other shareholder equity
Total shareholder equity $127.53 $134.72 $142.28 $149.68
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $178.43 $96.97 $21.76
Short term investments
Net receivables $47.97 $24.27 $19.11
Inventory
Total current assets $240.56 $129.54 $45.51
Long term investments
Property, plant & equipment $19.66 $1.29 $0.52
Goodwill & intangible assets $9.43 $10.98 $0.8
Total noncurrent assets $42.56 $22.22 $7.87
Total investments
Total assets $283.13 $151.75 $53.37
Current liabilities
Accounts payable $1.54 $1.21 $1.19
Deferred revenue $90.95 $57.61 $41.72
Short long term debt $5.27 $2.5
Total current liabilities $119.57 $88.06 $62.38
Long term debt $13
Total noncurrent liabilities $13.88 $2.53 $0.18
Total debt $18.27 $2.5
Total liabilities $133.45 $90.58 $62.56
Shareholders' equity
Retained earnings -$203.2 -$152.48 -$118.5
Other shareholder equity
Total shareholder equity $149.68 -$140.36 -$110.83
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Revenue
Total revenue $49.41 $47.56 $45.85 $42.48
Cost of revenue $10.9 $11.02 $9.8 $9.68
Gross Profit $38.51 $36.54 $36.05 $32.8
Operating activities
Research & development $10.8 $11.89 $11.08 $10.7
Selling, general & administrative $40.64 $43.37 $40.01 $39.26
Total operating expenses $52.83 $55.26 $51.09 $49.96
Operating income -$14.33 -$18.72 -$15.04 -$17.16
Income from continuing operations
EBIT -$14.88 -$18.61 -$15.11 -$16.96
Income tax expense $0.31 $0.11 $0.09 -$0.05
Interest expense
Net income
Net income -$15.19 -$18.72 -$15.2 -$16.92
Income (for common shares) -$15.19 -$18.72 -$15.2 -$16.92
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $147.4 $102.19 $76.63
Cost of revenue $37.16 $29.57 $23.05
Gross Profit $110.24 $72.63 $53.58
Operating activities
Research & development $39.83 $27.9 $20.84
Selling, general & administrative $121.59 $78.7 $52.43
Total operating expenses $161.41 $106.59 $73.28
Operating income -$51.18 -$33.97 -$19.7
Income from continuing operations
EBIT -$50.2 -$33.08 -$19.48
Income tax expense $0.52 $0.9 $0.08
Interest expense
Net income
Net income -$50.72 -$33.98 -$19.57
Income (for common shares) -$50.72 -$33.98 -$19.57
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Net income -$15.19 -$18.72 -$15.2 -$16.92
Operating activities
Depreciation $0.38 $0.39 $0.36 $1.18
Business acquisitions & disposals
Stock-based compensation $7.32 $8.1 $7.28 $7.31
Total cash flows from operations -$0.49 -$1.27 -$15.51 -$15.07
Investing activities
Capital expenditures -$0.02 -$0.37 -$0.33 -$0.7
Investments
Total cash flows from investing -$0.02 -$0.37 -$0.33 -$0.7
Financing activities
Dividends paid
Sale and purchase of stock $0.69 $3.06 $0.52 $125.29
Net borrowings
Total cash flows from financing $0.69 $3.06 $0.42 $129.31
Effect of exchange rate
Change in cash and equivalents $0.18 $1.42 -$15.41 $113.54
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income -$50.72 -$33.98 -$19.57
Operating activities
Depreciation $2.38 $0.86 $0.65
Business acquisitions & disposals -$8.62
Stock-based compensation $12.22 $2.55 $2.77
Total cash flows from operations -$41.08 -$14.3 -$8.67
Investing activities
Capital expenditures -$2.66 -$1 -$0.47
Investments
Total cash flows from investing -$2.81 -$9.77 -$1.44
Financing activities
Dividends paid
Sale and purchase of stock $127.11 $1.91 $0.59
Net borrowings -$2.5 $0.5
Total cash flows from financing $125.34 $99.29 $22.95
Effect of exchange rate
Change in cash and equivalents $81.46 $75.22 $12.84
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding 143.98M
Revenue $185.31M
EBITDA -$63.25M
EBIT -$65.57M
Net Income -$66.03M
Revenue Q/Q 27.85%
Revenue Y/Y 37.98%
P/E ratio 0.00
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio 0.00
Book/Share 0.89
Cash/Share 1.14
EPS -$0.46
ROA -24.64%
ROE -47.66%
Debt/Equity 0.89
Net debt/EBITDA 0.61
Current ratio 1.86
Quick ratio 1.86