Everbridge, Inc. (EVBG) Financial Statements (2024 and earlier)

Company Profile

Business Address 25 CORPORATE DRIVE
BURLINGTON, MA 01803
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments198,725488,035467,171531,575105,519145,662
Cash and cash equivalents198,725488,035467,171531,57559,978102,754
Short-term investments     45,54142,908
Restricted cash and investments2,0463,8804,6674,73790297
Receivables119,986120,99594,37670,64241,10731,699
Prepaid expense13,13313,74011,7746,6754,8902,563
Contract with customer, asset, after allowance for credit loss7,5107,4092,162  
Capitalized contract cost16,20015,80014,5009,9006,503
Disposal group, including discontinued operation6,485     
Other current assets     4,4063,240
Other undisclosed current assets8,1565,2603,8021,601  
Total current assets:372,241655,119598,452625,130162,515183,461
Noncurrent Assets
Operating lease, right-of-use asset17,87218,16015,04513,071
Property, plant and equipment8,99312,1857,7746,2844,6502,796
Intangible assets, net (including goodwill)674,958750,482301,173158,52171,57939,962
Goodwill508,781531,163187,41191,42148,38231,328
Intangible assets, net (excluding goodwill)166,177219,319113,76267,10023,1978,634
Prepaid expense1,7091,9161,9432,009  
Capitalized contract cost, net21,40017,00015,90014,20010,265
Restricted cash and investments8238433,7923,350  
Other noncurrent assets     195189
Other undisclosed noncurrent assets27,66823,31016,86514,73112,97610,005
Total noncurrent assets:753,423823,896362,492212,16699,66552,952
TOTAL ASSETS:1,125,6641,479,015960,944837,296262,180236,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,42066,61144,61834,55225,39215,382
Employee-related liabilities36,72527,67422,24817,10811,111
Accounts payable10,85416,0029,6987,8082,7192,446
Accrued liabilities13,56613,8847,2464,4965,5651,825
Deferred revenue233,106223,579165,389129,995
Debt  8  427 
Disposal group, including discontinued operation2,062     
Business combination, contingent consideration, liability  5910,619  682
Deferred revenue and credits70,090
Contract with customer, liability92,738
Other liabilities10,64414,07315,6024,8191,490808
Other undisclosed current liabilities31,175     
Total current liabilities:301,407304,330236,228169,366120,04786,962
Noncurrent Liabilities
Long-term debt and lease obligation500,298665,695441,514430,28294,09789,481
Long-term debt, excluding current maturities500,298665,695441,514430,28294,09789,481
Liabilities, other than long-term debt34,84846,30130,89717,3365,7953,979
Deferred revenue and credits2,982
Deferred revenue9,27814,2614,7383,471
Contract with customer, liability2,898
Deferred tax liabilities, net949482
Deferred income tax liabilities6,23616,08210,0652,002
Other liabilities19,33415,95816,09411,8631,948515
Other undisclosed noncurrent liabilities     83 
Total noncurrent liabilities:535,146711,996472,411447,61899,97593,460
Total liabilities:836,5531,016,326708,639616,984220,022180,422
Equity
Equity, attributable to parent289,111462,689252,305220,31242,15855,991
Common stock403935343028
Additional paid in capital721,143853,664542,776425,945194,866164,995
Accumulated other comprehensive income (loss)(29,948)(2,902)2,810(5,747)(5,068)220
Accumulated deficit(402,124)(388,112)(293,316)(199,920)(147,670)(109,252)
Total equity:289,111462,689252,305220,31242,15855,991
TOTAL LIABILITIES AND EQUITY:1,125,6641,479,015960,944837,296262,180236,413

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues431,892368,433271,141200,882147,094104,352
Cost of revenue(134,934)(114,216)(83,028)(63,535)(46,810)(31,503)
Gross profit:296,958254,217188,113137,347100,28472,849
Operating expenses(381,141)(330,466)(260,327)(184,575)(142,375)(92,134)
Operating loss:(84,183)(76,249)(72,214)(47,228)(42,091)(19,285)
Nonoperating income (expense)20,611(31,126)(23,449)(4,597)(4,628)(302)
Investment income, nonoperating5,6973902,0074,4991,842475
Other nonoperating income (expense)777(2,748)(921)(212)(124)(86)
Interest and debt expense(5,106)(35,949)(446)(1,406)(6,346)(691)
Loss from continuing operations before equity method investments, income taxes:(68,678)(143,324)(96,109)(53,231)(53,065)(20,278)
Other undisclosed income from continuing operations before income taxes5,10635,9494461,4066,346691
Loss from continuing operations before income taxes:(63,572)(107,375)(95,663)(51,825)(46,719)(19,587)
Income tax expense (benefit)2,39812,5792,267(425)(796)(47)
Loss from continuing operations:(61,174)(94,796)(93,396)(52,250)(47,515)(19,634)
Loss before gain (loss) on sale of properties:(94,796)(93,396)(52,250)(47,515)(19,634)
Net loss available to common stockholders, basic:(61,174)(94,796)(93,396)(52,250)(47,515)(19,634)
Dilutive securities, effect on basic earnings per share(18,890)     
Other undisclosed net loss available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(80,064)(94,796)(93,396)(52,250)(47,515)(19,634)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(61,174)(94,796)(93,396)(52,250)(47,515)(19,634)
Other comprehensive income (loss)(27,046)(5,712)8,557(679)(5,288)523
Other undisclosed comprehensive loss      
Comprehensive loss:(88,220)(100,508)(84,839)(52,929)(52,803)(19,111)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(88,220)(100,508)(84,839)(52,929)(52,803)(19,111)

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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