Company Quick10K Filing
Sendgrid
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-07-31
S-1 2018-04-03 Public Filing
10-Q 2018-03-31 Filed 2018-05-01
10-K 2017-12-31 Filed 2018-02-26
8-K 2019-02-01 Leave Agreement, M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-01-30 Shareholder Vote
8-K 2019-01-24 Other Events
8-K 2018-12-21 Shareholder Rights, Other Events
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-15 Enter Agreement, Officers, Other Events, Exhibits
8-K 2018-08-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-05-31 Shareholder Vote
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-04-03 Other Events, Exhibits
8-K 2018-03-22 Officers, Exhibits
8-K 2018-02-26 Earnings, Officers, Exhibits
8-K 2018-01-30 Officers, Exhibits

Sendgrid Financials

SEND Metrics, Comps, Filings

Quarterly | Annual

Business

We are a leading digital communication platform, enabling businesses to engage with their customers via email reliably, effectively and at scale. Our cloud-based platform allows for frictionless adoption and immediate value creation for businesses, providing their developers and marketers with the tools to seamlessly and effectively reach their customers using email. Since our inception we have processed more than one trillion emails.

Increasingly, today’s transactions are digital. They happen online and are often automatic and recurring. Consumers want a seamless experience and have come to expect that their online activity will be recorded in their email inbox. Email serves as the system of record for a consumer’s digital life, delivering purchase receipts, shipping notifications, account information, social media updates, reservations, and website login data. Email is the primary communication channel in the digital world, with 125 billion commercial emails sent every day, according to a 2017 Radicati Group report. Email is also a trusted marketing tool for businesses. Businesses rely on email to send customers notifications, promotions, and personalized content because email is effective, searchable, and permanent. An email-based promotion can reach the right user at the right time, with a high degree of certainty that the user will see it. According to The Inbox Report 2017, in 2016 nearly 80% of Americans checked their email daily. According to a 2015 Direct Marketing Association report, email demonstrated the highest return on investment among all forms of digital communication, generating $38 in revenue for every $1 invested.

While email offers a compelling value proposition for businesses, effective email delivery at scale is complex and difficult. Inbox service providers, including Google Gmail, Microsoft Outlook, and Yahoo! Mail, evaluate incoming email and block the delivery of harmful or unwanted email. However, these filters can also prevent the delivery of wanted email. According to a 2017 Return Path report for the 12-month period ended June 30, 2017, only 80% of wanted email reached its intended recipient. To manage email delivery on their own, businesses must understand the complexities associated with both sending millions or billions of transactional and marketing emails and the unique dynamics of numerous inbox service providers. Dedicated servers and databases, domain expertise, continuous monitoring of email protocols and a team of people are all necessary to maintain a robust internally-developed email communications system. The use of developer resources in this effort can reduce businesses investment in product innovation and other priorities. Without an effective, easy to use system, marketers seeking to reach customers via email can also expend significant time and resources without accomplishing their marketing goals.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
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
Shopify (SHOP) 1,603 0% 244 48 0 0 0 0 1,493
Bandwidth (BAND) 1,545 46% 728.6 1% 321 51 171 79 4 2 1,352
MicroStrategy (MSTR) 1,544 79% 26.9 3% 889 373 485 383 25 43 1,168
Instructure (INST) 1,430 68% -25.0 -17% 391 240 247 169 -65 -52 1,308
Xunlei (XNET) 1,211 0% 455 111 0 0 0 0 1,089
Carbon Black (CBLK) 1,177 78% -24.6 -13% 400 223 173 135 -52 -45 1,118

Balance Sheet ($MM)2018-03-312018-06-302018-09-30
Cash169183188
Accounts Receivable667
Inventory
PP&E353436
Assets221233245
Accounts Payable323
Long-Term Debt6
Liabilities403948
Stockholders' Equity181194197
Income Statement ($MM)2018-03-312018-06-302018-09-30
Revenue333637
Cost of Revenue899
Gross Profit242728
R&D91011
SG&A171820
Tax
Net Income-1-0-2
Cash Flow ($MM)2018-03-312018-06-302018-09-30
Cash Operating-097
Cash Investing-6-3-2
Cash Financing-19-1