Five9 (FIVN) Q3 FY2023 earnings: revenue $230 million, up 16.0% on the year

Five9, Inc. (FIVN) reported revenue of $230 million for Q3 FY2023, the quarter ended 30 September 2023, up 16.0% on the same quarter a year earlier. Net income was -$20 million, and diluted earnings per share $-0.28. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2023.

Revenue$230 millionup 16.0%

Net income-$20 million

Diluted EPS$-0.28

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	230	n/a	n/a	n/a
Cost of revenue	111	n/a	n/a	n/a
Gross profit	119	n/a	n/a	n/a
Gross margin	51.7%	n/a	n/a
Research and development	40.4	n/a	n/a	n/a
Operating income	-25.7	n/a	n/a	n/a
Operating margin	-11.2%	n/a	n/a
Interest expense	2.0	n/a	n/a	n/a
Pre-tax income	-19.5	n/a	n/a	n/a
Income tax	0.9	n/a	n/a	n/a
Net income	-20.4	n/a	n/a	n/a
Net margin	-8.9%	n/a	n/a
Diluted EPS	-$0.28	n/a	n/a	n/a

$ million except per share.

Free 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 and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	37.0	n/a	n/a	n/a
Capital expenditure	3.3	n/a	n/a	n/a
Free cash flow	33.7	n/a	n/a	n/a
Free cash flow margin	14.7%	n/a	n/a
Cash from investing	-105	n/a	n/a	n/a
Cash from financing	0.3	n/a	n/a	n/a
Depreciation and amortisation	12.5	n/a	n/a	n/a
Share-based compensation	52.6	n/a	n/a	n/a
Diluted shares, weighted	72m	n/a	n/a	n/a
Shares outstanding at period end	73m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	494	n/a	n/a	n/a
Debt	741	n/a	n/a	n/a
Operating lease liabilities	38.3	n/a	n/a	n/a
Finance lease liabilities	3.0	n/a	n/a	n/a
Other liabilities	180	n/a	n/a	n/a
Total liabilities and equity	1,456	n/a	n/a	n/a
Fixed assets	102	n/a	n/a	n/a
Goodwill	227	n/a	n/a	n/a
Intangible assets	41.5	n/a	n/a	n/a
Investments	572	n/a	n/a	n/a
Cash and equivalents	128	n/a	n/a	n/a
Receivables	94.4	n/a	n/a	n/a
Other assets	291	n/a	n/a	n/a
Total assets	1,456	n/a	n/a	n/a

Questions

What was Five9's revenue in Q3 FY2023?

Five9 (FIVN) reported revenue of $230 million for Q3 FY2023, the quarter ended 30 September 2023, up 16.0% on the same quarter a year earlier.

How much did Five9 earn in Q3 FY2023?

Net loss for Q3 FY2023 was $20 million, and the diluted loss per share $0.28.

When did Five9 report Q3 FY2023 results?

Five9 filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 2 November 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	230	239	247	252	264	279	280	283	286	300	305	312
Cost of revenue	111	112	115	118	122	123	126	128	129	134	135	146
Gross profit	119	127	132	134	142	156	154	155	157	166	171	167
Gross margin	52%	53%	54%	53%	54%	56%	55%	55%	55%	55%	56%	53%
R&D	40.4	38.9	41.5	40.7	42.5	41.5	41.1	39.9	35.2	36.1	39.7	42.1
Operating income	-25.7	-18.6	-20.7	-19.4	-15.4	4.2	-5.4	-1.6	16.0	19.8	18.5	2.0
Operating margin	-11%	-8%	-8%	-8%	-6%	2%	-2%	-1%	6%	7%	6%	1%
Interest expense	2.0	2.0	2.6	3.9	4.1	4.3	4.1	3.8	3.1	3.1	3.1	3.5
Pre-tax income	-19.5	-12.2	-6.1	-9.5	-8.3	11.2	0.8	2.5	18.6	23.0	20.6	4.3
Tax rate	n/a	n/a	n/a	n/a	n/a	-4%	24%	54%	3%	14%	10%	22%
Net income	-20.4	-12.4	-7.1	-12.8	-4.5	11.6	0.6	1.2	18.0	19.7	18.4	3.4
Net margin	-9%	-5%	-3%	-5%	-2%	4%	0%	0%	6%	7%	6%	1%
Diluted EPS	-$0.28	-$0.17	-$0.10	-$0.17	-$0.06	$0.13	$0.01	$0.01	$0.21	$0.23	$0.21	$0.04
Operating cash flow	37.0	36.5	32.4	19.9	41.1	49.8	48.4	35.1	59.2	83.6	63.9	42.1
Capital expenditure	3.3	11.3	12.0	6.8	14.4	9.3	4.7	3.5	10.5	6.2	5.3	17.6
Free cash flow	33.7	25.3	20.4	13.1	26.7	40.5	43.7	31.6	48.7	77.3	58.7	24.5
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	n/a	n/a	10.0	90.0
Shares outstanding	73m	73m	74m	75m	75m	76m	76m	77m	78m	77m	77m	75m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 2 November 2023, accession 0001288847-23-000156: the filing on EDGAR. All of Five9, Inc.'s filings: EDGAR company page.

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