Olo Inc. (OLO) Financial Statements (2024 and earlier)

Company Profile

Business Address 99 HUDSON STREET
NEW YORK, NY 10013
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments401,757422,207448,772468,355460,205463,733
Cash and cash equivalents318,019331,481350,073366,399386,670463,733
Short-term investments83,73890,72698,699101,95673,535 
Restricted cash and investments      
Receivables56,15050,38148,72843,10842,04947,710
Prepaid expense   3,1972,4662,7202,894
Contract with customer, asset, after allowance for credit loss455431336402435474
Capitalized contract cost3,5523,6352,8512,7292,6422,551
Other current assets   4,7733,6743,6303,504
Other undisclosed current assets11,18311,7523,1175041,5313,065
Total current assets:473,097488,406511,774521,238513,212523,931
Noncurrent Assets
Operating lease, right-of-use asset13,81914,45815,58114,56817,34717,920
Property, plant and equipment18,59014,97111,70010,5408,9925,873
Long-term investments and receivables29,41416,0822,4308044,476 
Long-term investments29,41416,0822,4308044,476 
Intangible assets, net (including goodwill)227,499228,489229,479230,228231,218232,320
Goodwill207,781207,781207,781207,540207,540207,607
Intangible assets, net (excluding goodwill)19,71820,70821,69822,68823,67824,713
Contract with customer, asset, after allowance for credit loss330329241619619521
Capitalized contract cost, net5,4254,6964,1713,9914,0033,390
Other noncurrent assets94106186452395356
Total noncurrent assets:295,171279,131263,788261,202267,050260,380
TOTAL ASSETS:768,268767,537775,562782,440780,262784,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,59462,88754,67055,77054,04852,932
Taxes payable1,2611,176
Employee-related liabilities6,0366,085
Accounts payable7,7331,0272,2591,9302,0983,360
Accrued liabilities64,86161,86052,41146,54344,68949,572
Deferred revenue3,4142,1702,5272,6083,2313,924
Deferred compensation liability      200
Other undisclosed current liabilities2,7492,7663,220(4,631)(4,631)2,394
Total current liabilities:78,75767,82360,41753,74752,64859,450
Noncurrent Liabilities
Long-term debt and lease obligation:    16,32817,00917,680
Liabilities, other than long-term debt15,65318,16717,5291,3641,6872,176
Deferred revenue1672,0026611,1211,6182,050
Other liabilities59334124369126
Operating lease, liability15,42716,13216,82716,32817,00917,680
Total noncurrent liabilities:15,65318,16717,52917,69218,69619,856
Total liabilities:94,41085,99077,94671,43971,34479,306
Equity
Equity, attributable to parent, including:673,858681,547697,616711,001708,918705,005
Common stock163162162163161160
Treasury stock, value(30,018)(20,000)    
Additional paid in capital862,480852,689855,249860,574843,764827,928
Accumulated other comprehensive loss(461)(56)(253)(420)(251) 
Accumulated deficit(188,324)(171,248)(157,542)(149,316)(134,756)(123,083)
Other undisclosed equity, attributable to parent30,01820,000    
Total equity:673,858681,547697,616711,001708,918705,005
TOTAL LIABILITIES AND EQUITY:768,268767,537775,562782,440780,262784,311

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues55,25152,24049,78147,26645,60142,756
Cost of revenue(20,779)(18,749)(15,275)(15,266)(14,168)(12,802)
Gross profit:34,47233,49134,50632,00031,43329,954
Operating expenses(55,643)(50,564)(45,418)(47,918)(43,365)(42,856)
Operating loss:(21,171)(17,073)(10,912)(15,918)(11,932)(12,902)
Nonoperating income4,1023,3852,4141,44849458
Investment income, nonoperating4,1553,4542,4821,525533 
Other nonoperating income (expense)  1(7)758
Interest and debt expense(53)(69)(69)(70)(46) 
Loss from continuing operations before equity method investments, income taxes:(17,122)(13,757)(8,567)(14,540)(11,484)(12,844)
Other undisclosed income from continuing operations before income taxes5369697046 
Loss from continuing operations before income taxes:(17,069)(13,688)(8,498)(14,470)(11,438)(12,844)
Income tax expense (benefit)(7)(18)272(90)(235)1,335
Loss from continuing operations:(17,076)(13,706)(8,226)(14,560)(11,673)(11,509)
Loss before gain (loss) on sale of properties:(14,560)(11,673)(11,509)
Net loss available to common stockholders, diluted:(17,076)(13,706)(8,226)(14,560)(11,673)(11,509)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(17,076)(13,706)(8,226)(14,560)(11,673)(11,509)
Comprehensive loss:(17,076)(13,706)(8,226)(14,560)(11,673)(11,509)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(405)197167(169)(251) 
Comprehensive loss, net of tax, attributable to parent:(17,481)(13,509)(8,059)(14,729)(11,924)(11,509)

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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