Five9 (FIVN) FY2020 results: revenue $435 million, up 32.6% on the year
Five9, Inc. (FIVN) reported revenue of $435 million for fiscal 2020, the year ended 31 December 2020, up 32.6% on the year before. Net income was -$42 million, and diluted earnings per share $-0.66. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$435 million
+32.6% on the year
FY2013FY2020
Operating margin
-2.8%
1.0% a year earlier
FY2013FY2020
Net income
-$42 million
FY2013FY2020
Diluted EPS
-$0.66
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
435
328
258
+32.6%
Cost of revenue
180
135
104
+34.0%
Gross profit
255
193
154
+31.6%
Gross margin
58.5%
59.0%
59.6%
Research and development
68.7
45.2
34.2
+52.1%
Operating income
-12.3
3.3
7.0
Operating margin
-2.8%
1.0%
2.7%
Interest expense
28.3
13.8
10.2
+105.5%
Pre-tax income
-44.6
-4.4
0.1
Income tax
-2.5
0.1
0.3
Effective tax rate
n/a
n/a
379.7%
Net income
-42.1
-4.6
-0.2
Net margin
-9.7%
-1.4%
-0.1%
Diluted EPS
-$0.66
-$0.08
$0.00
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
67.3
51.2
38.6
+31.4%
Capital expenditure
30.4
19.2
9.3
+58.2%
Free cash flow
36.9
32.0
29.4
+15.3%
Free cash flow margin
8.5%
9.8%
11.4%
Cash from investing
-382
-63.6
-217
Cash from financing
457
8.5
191
+5,298.0%
Depreciation and amortisation
25.1
14.4
10.3
+74.5%
Share-based compensation
64.7
42.1
28.5
+53.9%
Diluted shares, weighted
64m
60m
n/a
+6.3%
Shares outstanding at period end
66m
62m
59m
+8.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
279
196
143
+42.1%
Debt
643
210
197
+206.9%
Operating lease liabilities
5.4
4.3
0.0
+24.3%
Finance lease liabilities
0.0
0.8
4.5
Other liabilities
136
71.2
50.6
+90.9%
Total liabilities and equity
1,064
482
395
+120.5%
Fixed assets
51.2
33.2
25.9
+54.3%
Goodwill
165
11.8
11.8
+1,302.1%
Intangible assets
51.7
15.5
0.6
+232.7%
Investments
425
242
210
+75.8%
Cash and equivalents
220
78.0
81.9
+182.6%
Receivables
48.7
37.7
24.8
+29.4%
Other assets
101
64.3
39.7
+57.2%
Total assets
1,064
482
395
+120.5%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.