Accolade, Inc. (ACCD) Financial Statements (2026 and earlier)

Company Profile

Business Address 660 W. GERMANTOWN PIKE SUITE 500
PLYMOUTH MEETING, PA 19462
State of Incorp. DE
Fiscal Year End February 29
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

2/29/2024
2/28/2023
2/28/2022
2/28/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments321,083365,853433,884
Cash and cash equivalent321,083365,853433,884
Receivables26,69530,80111,837
Other undisclosed current assets18,17112,4838,260
Total current assets:365,949409,137453,981
Noncurrent Assets
Operating lease, right-of-use asset29,52533,126 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization14,76311,7979,227
Intangible asset, including goodwill, after accumulated amortization481,393822,5864,617
Goodwill278,191577,8964,013
Intangible asset, excluding goodwill, after accumulated amortization203,202244,690604
Other noncurrent assets1,6241,6781,618
Other undisclosed noncurrent assets9,8157,2056,067
Total noncurrent assets:537,120876,39221,529
TOTAL ASSETS:903,0691,285,529475,510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,89958,02647,614
Employee-related liabilities✕✕39,18935,379
Accounts payable10,1557,8377,390
Accrued liabilities11,74411,0004,845
Deferred revenue35,19130,87525,879
Other undisclosed current liabilities62,32422,8525,582
Total current liabilities:119,414111,75379,075
Noncurrent Liabilities
Long-term debt and lease obligation282,323313,152 
Long-term debt, excluding current maturities282,323280,666 
Liabilities, other than long-term debt27,546268395
Deferred revenue154268395
Other liabilities203  
Operating lease, liability27,18932,486 
Other undisclosed noncurrent liabilities  4,5625,192
Total noncurrent liabilities:309,869317,9825,587
Total liabilities:429,283429,73584,662
Equity
Equity, attributable to parent473,786855,794390,848
Common stock776
Additional paid in capital1,428,0731,350,431762,362
Accumulated other comprehensive loss   
Accumulated deficit(954,294)(494,644)(371,520)
Total equity:473,786855,794390,848
TOTAL LIABILITIES AND EQUITY:903,0691,285,529475,510

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

2/29/2024
2/28/2023
2/28/2022
2/28/2021
Revenues363,142310,021170,358
Revenue from related parties✕  27,300
Cost of revenue
(Cost of Product and Service Sold)		(198,905)(169,019)(93,673)
Gross profit:164,237141,00276,685
Operating expenses(627,751)(266,727)(123,462)
Operating loss:(463,514)(125,725)(46,777)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(15)(133)(147)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (3,724)
Loss from continuing operations before equity method investments, income taxes:(463,529)(125,858)(50,648)
Other undisclosed income (loss) from continuing operations before income taxes255(2,905) 
Loss from continuing operations before income taxes:(463,274)(128,763)(50,648)
Income tax expense (benefit)3,6245,639(4)
Loss from continuing operations:(459,650)(123,124)(50,652)
Loss before gain (loss) on sale of properties:✕✕(123,124)(50,652)
Net loss available to common stockholders, diluted:(459,650)(123,124)(50,652)

Comprehensive Income ($ in thousands)
Annual | Quarterly

2/29/2024
2/28/2023
2/28/2022
2/28/2021
Net loss:(459,650)(123,124)(50,652)
Comprehensive loss:(459,650)(123,124)(50,652)
Other undisclosed comprehensive loss, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(459,650)(123,124)(50,652)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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