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This statistic highlights Coupa Software’s Calculated Billings, reported on a quarterly basis from 2019 onwards.
The following table Coupa Software’s Calculated Billings for Q3 2021, Q2 2022, and Q3 2022.
|Category||Q3 2021||Q2 2022||Q3 2022|
|Trailing twelve months calculated billings||553.0||752.9||805.9|
(All figures in Millions)
The company has witnessed rapid growth in the Calculated Billings. As per the latest data provided by the company, it has $805.9 million calculated billings in Q3 2022 with an increase of 45.7% on a yearly basis. There is also a growth of 7% compared to $752.9 million earned in Q2 2022.
Trailing Twelve Months Calculated Billings
The trailing twelve months calculated billions depicts the total revenue recognized in a period of consecutive twelve months ended October 31, 2021, and October 31, 2020, plus the fluctuation in deferred revenue for each of these same periods.
The company’s trailing twelve months calculated billings comprises subscription contracts with existing customers (inclusive of renewal contracts and add-on contracts), term-based license contracts, subscription contracts with new customers, and contracts for professional services, training, and other revenues.
The trailing twelve months calculated billings is calculated to provide information about the company’s growth of subscription revenue over time which can be seen as an early indicator of the trends in revenue growth. The trailing twelve months calculated billings increase with the increase in the company’s revenue growth, however, it can fluctuate up or down from period to period for multiple reasons such as amounts, duration of customer contracts (including fluctuations that the company may see as a result of the COVID-19 pandemic), as well as the timing of billing cycles for each order.
Impact of COVID-19 Pandemic
The general economic and marketing conditions in both domestic and international environments are impacted by the market volatility and economic downturn due to COVID-19. This impact is not limited to a diminished demand for the company’s platform and services but has also negatively impacted the revenue results and created unpredictability in expense calculation and cash flow preparation. Also, the pandemic has resulted in a decrease in the ability of the company’s consumers to pay for its platform and services.
Impact of COVID-19 pandemic and impending quarantines, restrictions on travel, and disruption of business and related events are adversely affecting the company’s business. However, the company continues to monitor the effects of the COVID-19 pandemic on its business but the ultimate impact of the pandemic is extremely uncertain and is subjected to change.
About the Company
Coupa Software is a cloud-based platform that provides Business Spend Management (“BSM”) solutions and offers a comprehensive BSM platform that connects customers with more than seven million suppliers worldwide. The company was founded in 2006 by Dave Stephens and Noah Eisner and is headquartered in San Mateo, California, United States. The company is listed on the Nasdaq Global Select Market (NASDAQ) under the trading symbol “COUP”.
The vision of the company is to offer greater visibility into and control over the spending of money by companies, liquidity management, and optimization of supply chains. By using the Coupa Software platform, businesses have been able to achieve real, measurable value and savings which can drive their profitability. It offers one cloud platform to manage all the transactions of the consumer across procurement, supply chain, and payments.
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