8X8 (EGHT) Short-term Investments (2011 - 2024)
8X8's Short-term Investments was $1.05 million in fiscal Q4 2024 (quarter ended Mar 31, 2024), down 96.0% from $26.23 million a year earlier but up 1.3% from the prior quarter.
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Analysis
8X8 (EGHT) Short-term Investments (2011 - 2024) Analysis & Trends
From fiscal Q4 2011 onward, 8X8 has reported Short-term Investments for 33 quarters.
- Short-term Investments shows a five-year compound annual growth rate of -56.8% (FY2019 to FY2024).
- In earlier fiscal years, Short-term Investments was $26.23 million in FY2023 (-41.5%), $44.85 million in FY2022 (+11.2%), $40.34 million in FY2021 (+20.6%) and $33.46 million in FY2020 (-52.1%).
- Quarterly Short-term Investments has moved between $1.04 million (fiscal Q3 2024) and $48.95 million (fiscal Q1 2023) over five years.
- Compared with a year earlier, Short-term Investments has declined for seven straight quarters, with an average decline of 47.2% over the last eight quarters.
- The best year-over-year quarter for Short-term Investments over five years was fiscal Q1 2023 (growth of 56.7%); the worst was fiscal Q3 2024 (a decline of 97.2%).
- Per Business Quant data, EGHT's Short-term Investments in the three fiscal quarters before Q4 2024 was $1.04 million (Q3 2024), $4.74 million (Q2 2024) and $15.95 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 92.55 Bn | 67.80 Bn | 6.00 Bn |
| 2 | Autodesk | 54.36 Bn | 42.40 Bn | 1.87 Bn |
| 3 | Atlassian | 37.46 Bn | 32.39 Bn | 1.51 Bn |
| 4 | Twilio | 33.16 Bn | 22.79 Bn | 760.53 Mn |
| 5 | Zoom Communications | 26.58 Bn | -4.16 Bn | 985.50 Mn |
| 6 | Figma | 9.91 Bn | 3.23 Bn | 314.44 Mn |
| 7 | Dropbox | 7.02 Bn | 2.44 Bn | 513.70 Mn |
| 8 | RingCentral | 6.19 Bn | 5.72 Bn | 494.30 Mn |
| 9 | Open Text | 5.93 Bn | 1.47 Bn | 905.53 Mn |
| 10 | 8X8 | 316.52 Mn | -55.93 Mn | 114.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 1.05 Mn |
| Dec 31, 2023 | 1.04 Mn |
| Sep 30, 2023 | 4.74 Mn |
| Jun 30, 2023 | 15.95 Mn |
| Mar 31, 2023 | 26.23 Mn |
| Dec 31, 2022 | 37.45 Mn |
| Sep 30, 2022 | 30.41 Mn |
| Jun 30, 2022 | 48.95 Mn |
| Mar 31, 2022 | 44.85 Mn |
| Dec 31, 2021 | 44.55 Mn |
| Sep 30, 2021 | 44.61 Mn |
| Jun 30, 2021 | 31.23 Mn |
| Mar 31, 2021 | 40.34 Mn |
| Dec 31, 2020 | 41.74 Mn |
| Sep 30, 2020 | 31.38 Mn |
| Jun 30, 2020 | 40.58 Mn |
| Mar 31, 2020 | 33.46 Mn |
| Dec 31, 2019 | 30.28 Mn |
| Sep 30, 2019 | 29.32 Mn |
| Jun 30, 2019 | 27.49 Mn |
API Access
8X8 Short-term Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=short-term-investments&ticker=EGHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-investments", "ticker": "EGHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=short-term-investments&ticker=EGHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();