Block, Inc. (SQ) Financials

NYSE:SQ

Market Cap

30.38B

Total Revenue

17.53B

Gross Profit

5.99B

Operating Income

-577.96M

Net Income

-553.00M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	552,433,000	850,192,000	1,267,118,000	1,708,721,000	2,214,253,000	3,298,177,000	4,713,500,000	9,497,578,000	17,661,203,000	17,531,587,000
costOfRevenue	423,648,000	624,118,000	897,088,000	1,132,683,000	1,374,947,000	1,994,477,000	2,823,815,000	6,764,169,000	13,241,380,000	11,539,695,000
grossProfit	128,785,000	226,074,000	370,030,000	576,038,000	839,306,000	1,303,700,000	1,889,685,000	2,733,409,000	4,419,823,000	5,991,892,000
researchAndDevelopmentExpenses	82,864,000	144,637,000	199,638,000	268,537,000	321,888,000	497,479,000	670,606,000	881,826,000	1,399,079,000	2,135,612,000
sellingAndMarketingExpenses	64,162,000	112,577,000	145,618,000	173,876,000	253,170,000	411,151,000	624,832,000	1,109,670,000	1,617,189,000	2,057,951,000
generalAndAdministrativeExpenses	68,942,000	94,220,000	143,466,000	251,993,000	250,553,000	339,245,000	436,250,000	579,203,000	983,326,000	1,686,849,000
sellingGeneralAndAdministrativeExpenses	133,104,000	206,797,000	289,084,000	425,869,000	503,723,000	750,396,000	1,061,082,000	1,688,873,000	2,600,515,000	3,744,800,000
operatingExpenses	231,297,000	376,565,000	544,488,000	746,491,000	893,512,000	1,340,314,000	1,863,128,000	2,752,224,000	4,187,585,000	6,569,853,000
operatingIncome	-104,942,000	-150,491,000	-174,458,000	-170,453,000	-54,206,000	-36,614,000	26,557,000	272,910,000	261,712,000	-577,961,000
totalOtherIncomeExpensesNet	-1,480,000	-1,104,000	-450,000	-51,235,000	-67,018,000	18,469,000	351,656,000	-56,943,000	-104,250,000	12,644,000
ebitda	-92,762,000	-130,789,000	-148,445,000	-132,708,000	-16,927,000	24,347,000	-271,290,000	357,122,000	396,469,000	-141,995,000
depreciationAndAmortization	8,272,000	18,586,000	27,626,000	37,745,000	37,279,000	60,961,000	-297,847,000	84,212,000	134,757,000	435,966,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	--	--	1,163,000	-780,000	8,458,000	17,982,000	21,516,000	56,943,000	33,124,000	36,228,000
incomeBeforeTax	-103,980,000	-152,653,000	-176,071,000	-169,673,000	-62,664,000	-36,127,000	378,213,000	215,967,000	157,462,000	-565,317,000
incomeTaxExpense	513,000	1,440,000	3,746,000	1,917,000	149,000	2,326,000	2,767,000	2,862,000	-1,364,000	-12,312,000
netIncome	-104,493,000	-154,093,000	-179,817,000	-171,590,000	-62,813,000	-38,453,000	375,446,000	213,105,000	166,284,000	-553,005,000
eps	-0.37	-0.54	-1.05	-0.5	-0.17	-0.095	0.88	0.48	0.36	-0.96
epsdiluted	-0.37	-0.54	-1.05	-0.5	-0.17	-0.095	0.81	0.44	0.33	-0.96
weightedAverageShsOut	284,311,000	284,311,000	170,498,000	341,555,000	379,344,000	405,731,000	424,999,000	443,126,000	458,432,000	578,949,000
weightedAverageShsOutDil	284,311,000	284,311,000	170,498,000	341,555,000	379,344,000	405,731,000	466,076,000	482,167,000	501,779,000	578,949,000
costAndExpenses	654,945,000	1,000,683,000	1,441,576,000	1,879,174,000	2,268,459,000	3,334,791,000	4,686,943,000	9,516,393,000	17,428,965,000	18,109,548,000
otherExpenses	-2,000	12,000	55,766,000	52,085,000	67,901,000	18,469,000	131,440,000	181,525,000	187,991,000	689,441,000

Key Facts

Industry

Software—Infrastructure

Sector

Technology

Headquarters

San Francisco, CA, US

Website

block.xyz

CEO

Mr. Jack Dorsey

Employees

12428

About the Company

Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments. The company also offers various software products, including Square Point of Sale; Square Appointments; Square for Retail; Square for Restaurants; Square Online and Square Online Checkout; Square Invoices; Square Virtual Terminal; Square Team Management; Square Contracts; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard. In addition, it offers a developer platform, which includes application programming interfaces and software development kits. Further, the company provides Cash App, which enables to send, spend, and store money; and Weebly that offers customers website hosting and domain name registration solutions. It serves in the United States, Canada, Japan, Australia, Ireland, France, Spain, and the United Kingdom. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in San Francisco, California.