| 10-K | 2018-12-31 | Filed 2019-03-01 |
| 10-Q | 2018-09-30 | Filed 2018-11-08 |
| 10-Q | 2018-06-30 | Filed 2018-08-07 |
| 10-Q | 2018-03-31 | Filed 2018-05-09 |
| 10-K | 2017-12-31 | Filed 2018-03-01 |
| 10-Q | 2017-09-30 | Filed 2017-11-09 |
| 10-Q | 2017-06-30 | Filed 2017-08-03 |
| 10-Q | 2017-03-31 | Filed 2017-05-02 |
| 10-K | 2016-12-31 | Filed 2017-02-22 |
| 10-Q | 2016-09-30 | Filed 2016-11-01 |
| 10-Q | 2016-06-30 | Filed 2016-07-29 |
| 10-Q | 2016-03-31 | Filed 2016-05-05 |
| 10-K | 2015-12-31 | Filed 2016-02-25 |
| 10-Q | 2015-09-30 | Filed 2015-11-05 |
| 10-Q | 2015-06-30 | Filed 2015-08-06 |
| 10-Q | 2015-03-31 | Filed 2015-05-07 |
| 10-K | 2014-12-31 | Filed 2015-03-02 |
| 10-Q | 2014-09-30 | Filed 2014-11-06 |
| 10-Q | 2014-06-30 | Filed 2014-08-06 |
| 10-Q | 2014-03-31 | Filed 2014-05-08 |
| 10-K | 2013-12-31 | Filed 2014-03-14 |
| 10-Q | 2013-09-30 | Filed 2013-11-07 |
| 10-Q | 2013-06-30 | Filed 2013-08-07 |
| 10-Q | 2013-03-31 | Filed 2013-05-07 |
| 10-K | 2012-12-31 | Filed 2013-03-01 |
| 10-Q | 2012-09-30 | Filed 2012-11-08 |
| 10-Q | 2012-06-30 | Filed 2012-08-08 |
| 10-Q | 2012-03-31 | Filed 2012-05-10 |
| 10-K | 2011-12-31 | Filed 2012-03-28 |
| 10-Q | 2011-09-30 | Filed 2011-11-10 |
| 10-Q | 2011-06-30 | Filed 2011-08-10 |
| 10-Q | 2011-03-31 | Filed 2011-05-13 |
| 8-K | 2019-04-15 | M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Shareholder Vote, Other Events, Exhibits |
| 8-K | 2019-02-14 | Earnings, Exhibits |
| 8-K | 2019-02-11 | Enter Agreement, Other Events, Exhibits |
| 8-K | 2019-01-24 | Officers |
| 8-K | 2018-11-28 | Officers, Exhibits |
| 8-K | 2018-11-19 | Officers |
| 8-K | 2018-11-08 | Regulation FD |
| 8-K | 2018-10-25 | Earnings, Amendment, Exhibits |
| 8-K | 2018-07-26 | Earnings, Exhibits |
| 8-K | 2018-05-31 | Officers, Regulation FD, Exhibits |
| 8-K | 2018-05-22 | Amend Bylaw, Shareholder Vote, Exhibits |
| 8-K | 2018-05-07 | Amend Bylaw, Exhibits |
| 8-K | 2018-04-26 | Earnings, Exhibits |
| 8-K | 2018-02-26 | Officers, Amend Bylaw, Exhibits |
| 8-K | 2018-02-08 | Earnings, Exhibits |
We are the leading cloud-based platform provider for the mortgage finance industry. Our technology solutions are used by lenders to originate and close residential mortgage loans. At December 31, 2018, approximately 186,500 mortgage professionals used our Encompass digital lending platform ("Encompass") for their mortgage management solution.
Encompass is a comprehensive, end-to-end enterprise solution that handles most of the functions involved in running the business of originating mortgages including: marketing; lead management; loan origination; loan processing; underwriting; preparation of mortgage applications, disclosure documents, and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements and overall enterprise management that provides one system of record for mortgage loans. Delivery of Encompass as an on-demand Software-as-a-Service ("SaaS") solution provides customers with the added benefits of lower upfront implementation costs and reduced need for an infrastructure of servers, storage and network devices as well as the staff needed to support the infrastructure. SaaS delivery of Encompass enables access to the most current version of our software, including periodic upgrades and regulatory updates. We also host the Ellie Mae Network, a proprietary electronic platform that allows Encompass users to conduct electronic business transactions with service providers as well as mortgage investors (also referred to as "investors") and lenders in order to process and fund loans. The Ellie Mae Network allows these service providers, investors and lenders to digitally integrate their services with Encompass to seamlessly conduct business with mortgage origination professionals using Encompass.
We also offer Encompass users a variety of other on-demand software services delivered within Encompass which are discussed below in our Products and Services overview.
| Comps ($MM TTM) | Market Cap | Gross Margin | EV/EBITDA | Ret on Assets | Assets | Liabilities | Revenue | G Profit | Net Income | EBITDA | EV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CyberArk Software (CYBR) | 2,742 | 0% | 674 | 207 | 0 | 0 | 0 | 0 | 2,480 | ||
| BlackLine (BL) | 2,630 | 79% | -208.4 | -3% | 976 | 575 | 271 | 213 | -30 | -10 | 2,102 |
| Box (BOX) | 2,595 | 69% | -35.2 | -14% | 844 | 823 | 513 | 354 | -114 | -69 | 2,434 |
| LivePerson (LPSN) | 2,538 | 73% | -43.7 | -14% | 492 | 329 | 213 | 156 | -69 | -53 | 2,333 |
| Altair Engineering (ALTR) | 2,468 | 71% | 109.0 | -1% | 717 | 371 | 335 | 239 | -6 | 22 | 2,452 |
| Alarm.com (ALRM) | 2,336 | 64% | 33.0 | 10% | 501 | 165 | 473 | 303 | 48 | 68 | 2,235 |
| Tenable Holdings (TENB) | 2,324 | 84% | -29.6 | -15% | 532 | 409 | 333 | 278 | -80 | -73 | 2,152 |
| Everbridge (EVBG) | 2,256 | 69% | -71.7 | -8% | 480 | 269 | 144 | 99 | -39 | -29 | 2,057 |
| Ellie Mae (ELLI) | 2,251 | 58% | 39.6 | 3% | 912 | 108 | 482 | 280 | 24 | 52 | 2,070 |
| Mimecast (MIME) | 2,234 | 74% | 84.2 | -1% | 679 | 476 | 382 | 283 | -6 | 25 | 2,130 |
| Rapid7 (RPD) | 2,204 | 72% | -118.2 | -6% | 627 | 540 | 235 | 170 | -39 | -18 | 2,089 |
| Workiva (WK) | 2,088 | 72% | -51.9 | -6% | 627 | 557 | 282 | 203 | -40 | -33 | 1,699 |
| Commvault Systems (CVLT) | 2,013 | 82% | 118.3 | -0% | 802 | 430 | 695 | 573 | -3 | 14 | 1,636 |
| Varonis Systems (VRNS) | 1,891 | 86% | -30.4 | -22% | 298 | 200 | 182 | 156 | -64 | -60 | 1,838 |
| Progress Software (PRGS) | 1,838 | 83% | 19.5 | 6% | 830 | 515 | 397 | 329 | 53 | 103 | 2,011 |
| Sendgrid (SEND) | 1,722 | 75% | 333.4 | -2% | 245 | 48 | 105 | 79 | -4 | 5 | 1,540 |
| Bottomline Technologies (EPAY) | 1,714 | 57% | 52.1 | 1% | 679 | 304 | 428 | 244 | 9 | 31 | 1,622 |
| SailPoint Technologies (SAIL) | 1,698 | 76% | -219.2 | -1% | 935 | 514 | 200 | 152 | -14 | -6 | 1,227 |
| Zuora (ZUO) | 1,689 | 51% | -32.4 | -18% | 331 | 164 | 206 | 106 | -60 | -51 | 1,636 |
| SPS Commerce (SPSC) | 1,655 | 67% | 33.0 | 7% | 427 | 82 | 273 | 182 | 32 | 46 | 1,505 |
| Balance Sheet ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 |
| Cash | 35 | 18 | 24 | 28 | 31 | 90 | 44 | 26 | 42 | 22 | 33 | 26 | 34 | 44 | 27 | 25 | 35 | 52 | 34 | 29 | 45 | 345 | 381 | 335 | 213 | 247 | 138 | 117 | 118 | 134 | 182 |
| Accounts Receivable | 5 | 7 | 7 | 7 | 8 | 10 | 10 | 10 | 11 | 11 | 12 | 14 | 17 | 18 | 20 | 26 | 29 | 29 | 29 | 39 | 44 | 48 | 39 | 40 | 46 | 49 | 43 | 45 | 51 | 48 | 44 |
| Inventory | |||||||||||||||||||||||||||||||
| PP&E | 5 | 5 | 6 | 6 | 8 | 9 | 17 | 10 | 12 | 13 | 25 | 16 | 19 | 23 | 29 | 51 | 63 | 72 | 81 | 97 | 113 | 120 | 142 | 154 | 194 | 202 | 264 | 287 | 310 | 335 | 360 |
| Assets | 82 | 93 | 100 | 104 | 113 | 180 | 186 | 196 | 209 | 218 | 229 | 235 | 249 | 264 | 290 | 312 | 338 | 366 | 365 | 367 | 397 | 706 | 752 | 760 | 788 | 819 | 832 | 840 | 859 | 890 | 912 |
| Accounts Payable | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 2 | 4 | 3 | 4 | 5 | 7 | 9 | 7 | 9 | 10 | 9 | 10 | 7 | 16 | 17 | 16 | 15 | 25 | 21 | 19 | 16 | 19 |
| Long-Term Debt | |||||||||||||||||||||||||||||||
| Liabilities | 10 | 19 | 21 | 19 | 22 | 22 | 19 | 20 | 25 | 18 | 22 | 21 | 24 | 24 | 37 | 45 | 61 | 73 | 74 | 60 | 71 | 75 | 97 | 69 | 73 | 72 | 96 | 83 | 84 | 96 | 108 |
| Stockholders' Equity | 72 | 74 | 79 | 85 | 91 | 158 | 167 | 176 | 184 | 200 | 207 | 214 | 226 | 240 | 253 | 267 | 277 | 294 | 291 | 307 | 326 | 631 | 655 | 691 | 715 | 747 | 735 | 757 | 775 | 794 | 804 |
| Income Statement ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 |
| Revenue | 11 | 15 | 19 | 21 | 30 | 27 | 30 | 31 | 34 | 33 | 30 | 32 | 40 | 43 | 47 | 54 | 66 | 69 | 65 | 74 | 90 | 100 | 96 | 93 | 104 | 107 | 113 | 118 | 125 | 123 | 116 |
| Cost of Revenue | 4 | 4 | 5 | 5 | 6 | 6 | 7 | 8 | 10 | 8 | 8 | 9 | 11 | 12 | 15 | 17 | 21 | 22 | 24 | 27 | 28 | 32 | 33 | 35 | 38 | 40 | 48 | 49 | 52 | 51 | 49 |
| Gross Profit | 8 | 11 | 14 | 16 | 23 | 21 | 23 | 23 | 28 | 25 | 22 | 23 | 29 | 31 | 32 | 37 | 45 | 46 | 41 | 47 | 62 | 68 | 63 | 58 | 66 | 67 | 65 | 69 | 73 | 72 | 67 |
| R&D | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 6 | 7 | 7 | 6 | 7 | 6 | 6 | 9 | 8 | 9 | 11 | 12 | 12 | 15 | 15 | 16 | 17 | 16 | 16 | 20 | 22 | 25 | 21 | |
| SG&A | 5 | 6 | 8 | 8 | 10 | 10 | 13 | 12 | 14 | 13 | 14 | 15 | 16 | 16 | 19 | 22 | 23 | 26 | 25 | 31 | 30 | 32 | 33 | 36 | 33 | 34 | 42 | 49 | 43 | 40 | |
| Tax | 0 | -0 | -2 | 0 | 1 | -1 | 2 | 1 | 2 | 2 | 1 | 0 | 3 | 5 | -0 | 3 | 5 | 4 | 0 | 1 | 6 | 7 | 4 | 0 | -1 | 4 | -6 | -5 | -3 | -0 | |
| Net Income | -0 | 1 | 3 | 4 | 8 | 7 | 4 | 4 | 4 | 3 | 2 | 1 | 4 | 4 | 4 | 4 | 8 | 6 | 5 | 3 | 11 | 14 | 11 | 10 | 19 | 15 | 10 | 2 | 9 | 12 | 0 |
| Cash Flow ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 |
| Cash Operating | 1 | 4 | 3 | 7 | 7 | 11 | 9 | 11 | 0 | 8 | 2 | 12 | 11 | 16 | 11 | 28 | 26 | 23 | -10 | 32 | 34 | 47 | -1 | 36 | 35 | 47 | 6 | 36 | 37 | ||
| Cash Investing | -18 | 0 | -1 | -4 | -5 | -59 | -29 | 4 | -29 | 2 | -12 | -7 | -8 | -35 | -16 | -14 | -11 | -26 | -1 | -15 | -14 | -15 | -48 | -153 | -7 | -121 | -13 | -30 | -27 | ||
| Cash Financing | -0 | 1 | 2 | 0 | 58 | 2 | 2 | 0 | 9 | 1 | 2 | 3 | 7 | 2 | 4 | -4 | 3 | -15 | 5 | -1 | 280 | 4 | 3 | -5 | 7 | -35 | -14 | -5 | 6 | ||