Ping Identity’s Annualized Recurring Revenue (2019 – 2021)

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This statistic highlights Ping Identity’s Annualized Recurring Revenue (ARR), reported on a quarterly basis from Q1 2019 onwards.
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This statistic highlights Ping Identity’s Annualized Recurring Revenue (ARR), reported on a quarterly basis from Q1 2019 onwards.

Ping Identity’s Annualized Recurring Revenue (ARR)

The table below highlights Ping Identity’s Annualized Recurring Revenue in some of its recent quarters.

Period Q2 2020 Q1 2021 Q2 2021
ARR (in dollars) $235.232 $266.274 $279.63

(All figures are in millions)

Annual Recurring Revenue

ARR indicates the annualized value of all subscription contracts. Seasonality, contract length, and the sales mix of subscriptions for term-based licenses and SaaS all have an impact on ARR. Only the yearly value of subscription contracts is included in ARR. Because ARR does not have a defined definition, it is unlikely to be compared to the similarly titled measurements of other companies. ARR should be evaluated apart from revenue and deferred revenue and is not meant to be used in conjunction with or as a substitute for either. ARR is not a prediction, and our customers may or may not extend or renew active contracts at the conclusion of a reporting period utilized to calculate ARR.

Observation:

The company had 51 clients with more than $1,000,000 in Annual Recurring Revenue (“ARR”) as of December 31, 2020, up 34% from 38 customers as of December 31, 2019. Additionally, the number of clients with an ARR exceeding $250,000 rose by 12% year over year, from 232 on December 31, 2019 to 260 on December 31, 2020. The growth of 28 net customers with ARR larger than $250,000 for the fiscal year 2020 is made up of 16 new customers and 12 current customers whose ARR increased to surpass $250,000 in 2020. The overall number of customers climbed from 1,361 at the end of 2019 to 1,411 at the end of 2020.

There is a lot of interest in cloud-based products and from businesses that are deploying their solutions across a variety of client use cases. Several clients employ a mix of solutions to support numerous business units, functions, and use cases.

Interpretation

The company says that its ability to grow the number of clients on its platform, particularly those with annual revenue above $250,000, illustrates its emphasis on the large corporate market and penetration within it. Increased awareness of the platform, continued development of sales and marketing skills, and the development of solutions that address the specific identity needs of major companies have historically resulted in a growth in the number of large clients across sectors.

We have 51 clients with more than $1,000,000 in ARR as of December 31, 2020, up 34% from 38 customers as of December 31, 2019. Additionally, the number of clients with an ARR of more than $250,000 climbed by 12% from 232 at the end of 2019 to 260 at the end of 2020. Customers having an ARR of more than $250,000 rose by 14% year over year, from 252 on September 30, 2020 to 288 on September 30, 2021.

Trend

IAM, the business feels, provides a significant market potential, and it intends to invest to support future development. They also want to spend more money on marketing, expanding their sales team, and extending their network of channel partners, resellers, system integrators, and technology partners.

However, they do not expect these expenditures to result in significant improvements in ARR growth in the near future, since natural purchasing cycles are expected to influence market adoption pace.

About the company

Ping Identity Corporation is a software company founded in 2002 by Andre Durand and Bryan Field-Elliot in the United States headquarters are in Denver, Colorado.

Similar to Microsoft and Okta’s identity management system tools, the company’s software delivers federated identity management and self-hosted identity access management to online identities via attribute-based access restrictions. This single sign-on (SSO) provides users with a single set of credentials to access company-related applications (web applications, mobile apps, VPNs, and so on). Using open standards like SAML and OAuth, this is mostly done using identity services like Ping, Okta, and Microsoft Azure.

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