Etsy 2015 Annual Report Download - page 40
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The following tables show selected consolidated financial data. The selected consolidated statements of operations data for the years ended December 31,
2013, 2014 and 2015, and the selected consolidated balance sheet data as of December 31, 2014 and 2015, are derived from our audited consolidated
financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The selected consolidated statement of operations data for the
year ended December 31, 2012, and the selected consolidated balance sheet data as of December 31, 2013 is derived from our audited consolidated financial
statements and related notes not included in this Annual Report on Form 10-K.
The following tables also show certain operational and non-GAAP financial measures. See the accompanying footnotes and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” below for more information. Our historical results and key
metrics are not necessarily indicative of future results, and results for any interim period presented below are not necessarily indicative of the results to be
expected for any annual period.
The following selected consolidated financial data and key metrics should be read together with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and our consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K.
Consolidated Statements of Operations Data:
Revenue:
Marketplace
$ 55,330
$ 78,544
$ 108,732
$ 132,648
Seller Services
15,863
42,817
82,502
136,608
Other
3,409
3,661
4,357
4,243
Total revenue
74,602
125,022
195,591
273,499
Cost of revenue(1)
24,493
47,779
73,633
96,979
Gross profit
50,109
77,243
121,958
176,520
Operating expenses:
Marketing(1)
10,902
17,850
39,655
66,771
Product development(1)
18,653
27,548
36,634
42,694
General and administrative(1)
21,909
31,112
51,920
68,939
Total operating expenses
51,464
76,510
128,209
178,404
(Loss) income from operations
(1,355)
733
(6,251)
(1,884)
Total other expense
(1,175)
(675)
(4,009)
(26,110)
(Loss) income before income taxes
(2,530)
58
(10,260)
(27,994)
Benefit (provision) for income taxes
145
(854)
(4,983)
(26,069)
Net loss
$ (2,385)
$ (796)
$ (15,243)
$ (54,063)
Net loss per share of common stock—basic and diluted
$ (0.09)
$ (0.02)
$ (0.38)
$ (0.59)
Weighted average shares of common stock used in computing net loss per
share—basic and diluted
30,281,842
32,667,242
40,246,663
91,122,291
(1) Includes total stock-based compensation expense as follows:
Cost of revenue
$ 166
$ 200
$ 1,113
$ 871
Marketing
57
79
216
560
Product development
436
785
1,461
2,860
General and administrative
3,435
2,770
7,260
6,550
Total stock-based compensation expense
$ 4,094
$ 3,834
$ 10,050
$ 10,841
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