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Income Statement
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Credit Analysis

Ping Identity Holding Corp. (PING)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20Sep-30-20
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenue:          
Total revenue  72.084.775.476.278.968.963.359.9
            Total revenue growth  -8.7%22.8%19.2%27.1%33.8%12.3%-7.3%-3.0%
Cost of revenue:          
Cost of revenue (exclusive of amortization shown below)          
Amortization expense  8.78.58.36.86.15.85.55.2
    Total cost of revenue  29.828.727.224.522.420.818.517.4
    Gross profit  42.256.048.251.756.548.144.842.6
            Gross margin  58.6%66.2%64.0%67.9%71.6%69.8%70.8%71.1%
   
Operating expenses:          
Sales and marketing  36.730.932.430.429.125.524.821.2
Research and development  22.120.519.618.518.721.713.112.2
General and administrative  19.916.220.317.319.514.513.010.6
Depreciation and amortization  4.44.44.44.34.34.44.34.2
    Total operating expenses  83.172.075.470.571.666.155.248.2
    Loss from operations  -40.9-16.0-27.2-18.8-15.1-17.9-10.4-5.7
            Operating margin  -56.8%-18.9%-36.0%-24.7%-19.2%-26.0%-16.4%-9.4%
   
Other income (expense):          
Interest expense  -3.9-3.6-1.8-0.5-0.3-0.4-0.6-0.6
Other income (expense), net  -2.9-0.80.1-0.80.4-0.92.21.3
    Total other income (expense)  -6.7-4.4-1.9-1.30.1-1.31.60.7
    Loss before income taxes  -47.7-20.4-29.0-20.1-15.0-19.2-8.7-5.0
Benefit (provision) for income taxes  -0.20.23.08.64.03.35.34.1
    Net loss  -47.8-20.3-26.0-11.5-11.0-15.9-3.4-0.9
   
Net loss per share:          
Basic (in dollars per share)  ($0.56)($0.24)($0.31)($0.14)($0.13)($0.20)($0.04)($0.01)
Diluted (in dollars per share)  ($0.56)($0.24)($0.31)($0.14)($0.13)($0.20)($0.04)($0.01)
   
Weighted-average shares used in computing net loss per share:          
Basic (in shares)  85.383.882.382.282.081.380.480.7
Diluted (in shares)  85.383.882.382.282.081.380.480.7

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