Rover Group, Inc. (ROVR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
720 OLIVE WAY, 19TH FLOOR SEATTLE, WA 98101 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 72 - Personal Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 250,222 | 278,904 | 1,005 | |||
| Cash and cash equivalents | 58,875 | 278,904 | 1,005 | |||
| Short-term investments | 191,347 | |||||
| Receivables | 53,181 | 26,023 | ||||
| Prepaid expense | 767 | |||||
| Other undisclosed current assets | 8,639 | 6,113 | ||||
| Total current assets: | 312,042 | 311,040 | 1,772 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 18,871 | 21,495 | ||||
| Property, plant and equipment | 19,518 | 20,874 | ||||
| Long-term investments and receivables | 22,463 | 4,292 | ||||
| Long-term investments | 22,463 | 4,292 | ||||
| Intangible assets, net (including goodwill) | 43,780 | 37,628 | ||||
| Goodwill | 36,915 | 33,159 | ||||
| Intangible assets, net (excluding goodwill) | 6,865 | 4,469 | ||||
| Asset, held-in-trust | 275,000 | |||||
| Deferred income tax assets | 1,306 | 1,477 | ||||
| Other noncurrent assets | 281 | 348 | ||||
| Other undisclosed noncurrent assets | ||||||
| Total noncurrent assets: | 106,219 | 86,114 | 275,000 | |||
| TOTAL ASSETS: | 418,261 | 397,154 | 276,772 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 28,048 | 14,664 | 164 | |||
| Taxes payable | ✕ | ✕ | 56 | |||
| Employee-related liabilities | ✕ | ✕ | 6,600 | |||
| Accounts payable | 5,354 | 5,043 | 33 | |||
| Accrued liabilities | 22,694 | 3,021 | 75 | |||
| Deferred revenue | 5,544 | 3,077 | ||||
| Due to related parties | 7 | |||||
| Other undisclosed current liabilities | 53,473 | 41,596 | ||||
| Total current liabilities: | 87,065 | 59,337 | 171 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation: | 25,198 | |||||
| Liabilities, other than long-term debt | 22,922 | 84 | ||||
| Other liabilities | 714 | 84 | ||||
| Operating lease, liability | 22,208 | 25,198 | ||||
| Other undisclosed noncurrent liabilities | 19,943 | 26,530 | ||||
| Total noncurrent liabilities: | 22,922 | 45,225 | 26,530 | |||
| Total liabilities: | 109,987 | 104,562 | 26,701 | |||
| Temporary equity, carrying amount | 245,072 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | 308,274 | 292,592 | 5,000 | |||
| Common stock | 18 | 18 | ||||
| Additional paid in capital | 651,659 | 612,680 | 6,711 | |||
| Accumulated other comprehensive income (loss) | (1,098) | 220 | ||||
| Accumulated deficit | (342,305) | (320,326) | (1,712) | |||
| Other undisclosed equity, attributable to parent | 1 | |||||
| Total equity: | 308,274 | 292,592 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 418,261 | 397,154 | 276,772 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 174,010 | 109,837 | |||
| Cost of revenue | (73,797) | (48,791) | |||
| Cost of goods and services sold | (46,996) | (33,863) | |||
| Gross profit: | 100,213 | 61,046 | |||
| Operating expenses | (130,130) | (78,208) | |||
| Operating loss: | (29,917) | (17,162) | |||
| Nonoperating income (expense) | 8,454 | (47,113) | |||
| Investment income, nonoperating | 3,974 | 49 | |||
| Other nonoperating income (expense) | (617) | (284) | |||
| Interest and debt expense | (80) | (2,952) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 80 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (21,463) | (67,227) | |||
| Loss from equity method investments | (598) | ||||
| Other undisclosed income from continuing operations before income taxes | 598 | 2,952 | |||
| Loss from continuing operations before income taxes: | (21,463) | (64,275) | |||
| Income tax expense (benefit) | 82 | 226 | |||
| Loss from continuing operations: | (21,381) | (64,049) | |||
| Loss before gain (loss) on sale of properties: | ✕ | (64,049) | ✕ | ||
| Net loss: | (21,381) | (64,049) | |||
| Other undisclosed net loss attributable to parent | (598) | ||||
| Net loss available to common stockholders, diluted: | (21,979) | (64,049) | |||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (21,381) | (64,049) | |||
| Comprehensive loss: | (21,381) | (64,049) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,916) | (33) | |||
| Comprehensive loss, net of tax, attributable to parent: | (23,297) | (64,082) | |||
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.