Brightcove Inc. (BCOV) Financial Statements (2025 and earlier)

Company Profile

Business Address 281 SUMMER STREET
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,61531,89445,73937,47222,75929,306
Cash and cash equivalent18,61531,89445,73937,47222,75929,306
Receivables33,45126,00429,86629,30531,18123,264
Prepaid expense6,5698,7007,7925,7605,1714,866
Other current assets11,76410,72210,83312,9786,7137,070
Total current assets:70,39977,32094,23085,51565,82464,506
Noncurrent Assets
Operating lease, right-of-use asset16,23318,67124,8918,69916,912
Property, plant and equipment42,47639,67720,51415,96812,0869,703
Intangible assets, net (including goodwill)81,22785,13870,17871,36774,77756,695
Goodwill74,85974,85960,90260,90260,90250,776
Intangible assets, net (excluding goodwill)6,36810,2799,27610,46513,8755,919
Other noncurrent assets5,7727,0076,6555,2543,2682,452
Total noncurrent assets:145,708150,493122,238101,288107,04368,850
TOTAL ASSETS:216,107227,813216,468186,803172,867133,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,98838,20331,96435,85330,84221,458
Accounts payable14,42211,32611,03910,4569,9177,712
Accrued liabilities17,56626,87720,92525,39720,92513,746
Deferred revenue68,15561,59762,05758,74149,260
Debt     6,174236
Other undisclosed current liabilities4,4864,1572,6004,346 39,846
Total current liabilities:104,629103,95796,62198,94086,27661,540
Noncurrent Liabilities
Long-term debt and lease obligation:   22,8015,49811,701 
Liabilities, other than long-term debt17,56521,5097862,7637671,056
Deferred tax liabilities, net28
Other liabilities2079817862,7637671,028
Operating lease, liability17,35820,52822,8015,49811,701
Other undisclosed noncurrent liabilities      146
Total noncurrent liabilities:17,56521,50923,5878,26112,4681,202
Total liabilities:122,194125,466120,208107,20198,74462,742
Equity
Equity, attributable to parent93,913102,34796,26079,60274,12370,614
Common stock444241403937
Treasury stock, value(871)(871)(871)(871)(871)(871)
Additional paid in capital328,918314,825298,793287,059276,365251,122
Accumulated other comprehensive loss(1,236)(1,593)(662)(188)(785)(952)
Accumulated deficit(232,942)(210,056)(201,041)(206,438)(200,625)(178,722)
Total equity:93,913102,34796,26079,60274,12370,614
TOTAL LIABILITIES AND EQUITY:216,107227,813216,468186,803172,867133,356

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues201,187211,008211,093197,353184,455164,833
Cost of revenue
(Cost of Product and Service Sold)
(77,353)(77,073)(73,028)(76,097)(75,469)(66,624)
Gross profit:123,834133,935138,065121,256108,98698,209
Operating expenses(145,475)(141,967)(130,491)(126,579)(130,049)(111,310)
Operating income (loss):(21,641)(8,032)7,574(5,323)(21,063)(13,101)
Nonoperating income (expense)(80)(1,035)(1,375)128(280)(326)
Investment income, nonoperating 1761035   
Other nonoperating income (expense)(230)(1,138)(1,380)128(280)(326)
Interest and debt expense (26)     
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(21,747)(9,067)6,199(5,195)(21,343)(13,427)
Other undisclosed income from continuing operations before income taxes26     
Income (loss) from continuing operations before income taxes:(21,721)(9,067)6,199(5,195)(21,343)(13,427)
Income tax expense (benefit)(1,165)52(802)(618)(560)(601)
Income (loss) from continuing operations:(22,886)(9,015)5,397(5,813)(21,903)(14,028)
Income (loss) before gain (loss) on sale of properties:5,397(5,813)(21,903)(14,028)
Net income (loss) available to common stockholders, diluted:(22,886)(9,015)5,397(5,813)(21,903)(14,028)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(22,886)(9,015)5,397(5,813)(21,903)(14,028)
Comprehensive income (loss):(22,886)(9,015)5,397(5,813)(21,903)(14,028)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent357(931)(474)597167(143)
Comprehensive income (loss), net of tax, attributable to parent:(22,529)(9,946)4,923(5,216)(21,736)(14,171)

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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