Squarespace, Inc. (SQSP) Financial Statements (2024 and earlier)

Company Profile

Business Address 225 VARICK STREET, 12TH FLOOR
NEW YORK, NY 10014
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments228,794234,703
Cash and cash equivalents197,037203,247
Short-term investments 31,75731,456
Restricted cash and investments35,58330,433
Receivables10,7487,969
Prepaid expense24,17938,268
Other current assets2,9996,531
Other undisclosed current assets25,59024,128
Total current assets:327,893342,032
Noncurrent Assets
Operating lease, right-of-use asset86,824 
Property, plant and equipment51,63352,839
Intangible assets, net (including goodwill)253,246495,739
Goodwill210,438435,601
Intangible assets, net (excluding goodwill)42,80860,138
Other noncurrent assets10,9218,939
Total noncurrent assets:402,624557,517
TOTAL ASSETS:730,517899,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77,34789,518
Taxes payable2,124
Accounts payable12,98726,533
Accrued liabilities64,36060,861
Deferred revenue269,689233,999
Debt40,75813,586
Other undisclosed current liabilities50,35930,108
Total current liabilities:438,153367,211
Noncurrent Liabilities
Long-term debt and lease obligation473,167513,047
Long-term debt, excluding current maturities473,167513,047
Liabilities, other than long-term debt121,400422
Other liabilities11,231422
Operating lease, liability110,169 
Other undisclosed noncurrent liabilities78832,348
Total noncurrent liabilities:595,355545,817
Total liabilities:1,033,508913,028
Equity
Equity, attributable to parent, including:(302,991)(13,479)
Additional paid in capital875,737911,570
Accumulated other comprehensive loss(1,665)(208)
Accumulated deficit(1,177,076)(924,855)
Other undisclosed equity, attributable to parent1314
Total equity:(302,991)(13,479)
TOTAL LIABILITIES AND EQUITY:730,517899,549

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues866,972784,038
Cost of revenue(152,655)(126,631)
Gross profit:714,317657,407
Operating expenses(926,131)(898,281)
Operating loss:(211,814)(240,874)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5,0306,631
Interest and debt expense(18,207)(11,081)
Loss from continuing operations before income taxes:(224,991)(245,324)
Income tax expense(27,230)(3,825)
Loss from continuing operations:(252,221)(249,149)
Loss before gain (loss) on sale of properties:(249,149)
Net loss attributable to parent:(252,221)(249,149)
Preferred stock dividends and other adjustments  (969)
Net loss available to common stockholders, diluted:(252,221)(250,118)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(252,221)(249,149)
Other comprehensive loss  
Comprehensive loss:(252,221)(249,149)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,457)(2,663)
Comprehensive loss, net of tax, attributable to parent:(253,678)(251,812)

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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