Groupon, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Groupon, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,014	2,844	2,637	2,219	1,417	967	599	515	493	498
Cost of revenue	1,733	1,510	1,316	1,033	740	230	76.3	64.2	48.3	45.9
Gross profit	1,281	1,334	1,321	1,186	677	737	523	451	444	453
Selling, general and administrative	1,000	902	871	807	603	511	481	350	295	274
Operating expenses	1,381	1,304	1,267	1,146	954	742	691	469	436	429
Operating income	-100	29.4	54	39.8	-277	-4.66	-168	-18.3	8.79	23.6
Interest expense	15.9	20.7	21.9	23.6	33.2	17.2	14.4	15.7	8.53	14.3
Interest income	1.81	3.29	6.42	7.74	6.35	5.12	9.53	10.3	5.15	5.95
Other non-operating income	-71.3	6.71	-53	-53.3	-17	92.7	-24.2	-25.2	-37.6	30.8
Pre-tax income	-172	36.1	1.03	-13.5	-294	88	-192	-43.4	-30.4	-45.5
Income tax	-5.32	7.54	-0.96	0.76	-7.5	-32.3	42.4	9.51	26.1	35.6
Income from continuing operations			-11.1	-25	-288	119	-238	-55.4	-59	-82.9
Net income to minority interests	11.3	12.6	13.1	10.7	1.75	1.68	3.23	2.48	2.51
Net income	-195	14	-11.1	-22.4	-288	119	-238	-55.4	-59	-83.5
EBITDA	16.7	144	155	131	-199	59.3	-114	25.1	36.7	40.8
EPS, basic	-6.72	0.59	-0.40	-0.79	-10.07	4.04	-7.88	-1.77	-1.51	-2.08
EPS, diluted	-6.72	0.40	-0.40	-0.79	-10.07	3.68	-7.88	-1.77	-1.51	-2.08
Shares, basic (weighted)	29.2	28.3	1.43	28.4	28.6	29.4	30.2	31.2	39.2	40.3
Shares, diluted (weighted)	29.2	28.8	1.43	28.4	28.6	33.5	30.2	31.2	39.2	40.3

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	863	880	841	751	851	499	281	142	229	296
Receivables	71.3	98.3	69.5	55	43	36.8	45	50.4	34.2	25.8
Inventory	31	25.5	33.7	25.4	1.28
Other current assets	11.8	17.8	19.5	24.8	12	9.83	8.58	7.8	4.63	5.76
Total current assets	1,092	1,072	999	888	934	588	367	256	315	374
Property, plant and equipment	169	151	143	125	85.3	73.6	56.7	30.5	17.8	16.1
Lease right-of-use assets				134	108	48	12.1	2.2	6.04	6.32
Goodwill	275	287	325	325	215	216	179	179	179	179
Intangible assets	42.9	19.2	45.4	35.3	30.2	24.3	17.6	11.4	4.74	3.22
Other non-current assets	28.6	12.5	21	28.6	22.7	25.1	27.5	6.1	9.14	7.17
Total assets	1,761	1,678	1,642	1,587	1,412	1,158	793	571	613	670
Accounts payable	28.6	32	38.4	20.4	33	22.2	59.6	15	11.3	8.69
Accrued liabilities	366	331	267	260	295	239	15	10.7	1.51	1.01
Deferred revenue	35.9	29.5		18	11.2	3.52		2.74	4.13	1.79
Short-term debt				0	200	100	75	42.8	0	33.7
Total current liabilities	1,213	1,133	957	822	939	631	531	369	305	384
Long-term debt									246	309
Lease liabilities			0	110	90.9	58.7	9.31	2.38	3.6	3.21
Other non-current liabilities	38.3	10.4	9.54	45	44.4	34.4	18.6	13.3	16.6	16.5
Total liabilities	1,496	1,426	1,260	1,192	1,304	948	784	611	572	713
Total debt									246	343
Paid-in capital	2,113	2,175	2,235	2,310	2,348	2,294	2,323	2,338	2,442	2,478
Retained earnings	-1,099	-1,088	-1,010	-1,033	-1,321	-1,157	-1,394	-1,450	-1,509	-1,592
Treasury stock	-807	-867	-877	-923	-923	-923	-923	-923	-923	-923
Other comprehensive income	58.1	31.8	34.6	39.1	3.11	-4.81	2.94	-5.65	30.7	-5.51
Shareholders' equity	264	251	381	394	108	210	8.48	-40.6	40.8	-42.6
Minority interests	0.64	0.87	1.36	1.11	-0	0.42	0.38	0.32	0.24	0.17
Total equity	265	252	383	395	108	210	8.86	-40.3	41.1	-42.4
Total liabilities and equity	1,761	1,678	1,642	1,587	1,412	1,158	793	571	613	670
Shares outstanding			28.8	28.3	28.8	29.7	30.5	31.9	39.8	40.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-183	26.6	1.99	-11.7	-286	120	-234	-52.9	-56.5	-81.7
Depreciation and amortization	117	115	101	91.4	77.8	63.9	54.2	43.4	27.9	17.1
Stock-based compensation	115	82	64.8	81.6	39	33.2	30	14.5	26.7	37.8
Deferred income tax	-10.4	0.6	-5	-1.49	-7.1	-34	49.1	1.74	4.64	-2.93
Change in receivables	-16.6	-18.8	32.1	13.6	13.5	5.43	-10.1	-4.48	15.3	3.01
Change in payables	5.12	-0.2	5.81	-17.4	11.4	-10.3	37.5	-44.6	-3.64	-2.98
Cash from operations	118	128	191	71.3	-63.6	-124	-136	-78	55.9	64.5
Capital expenditures	-68.3	-59.2	-69.7	-67.3	-48.7	-49.6	-36.2	-19.3	-15.3	-14.6
Acquisitions	14.5	0	-58.1	0	0
Purchases of investments	0	0
Sales and maturities of investments			8.6
Cash from investing	-57.5	-34.9	-136	-67.6	-20.1	-45.8	-38.8	-1.4	-6.81	6.42
Stock issued	4.98	5.51	5.72	4.12	1.79		0	0	79.6	0
Share buybacks	-165	-61.2	-9.59	-45.6	0	0
Cash from financing	-14.7	-138	-84.4	-92.6	177	-184	-34.4	-35.7	47.8	-7.51
Exchange rate effect	-6.47	26.1				2.02	-8.55	1.01	-1.94
Net change in cash	39.7	10.6	-40.8	-92.1	98.4	-352	-218	-114	94.9	63
Free cash flow	50.1	69	121	3.96	-112	-174	-172	-97.3	40.6	49.9
Interest paid	1.19	9.43	9.56	9.15	12.7	13.9	5.94	6.62	3.37	14.7
Income taxes paid	-7.21	8.65	2.78	11.9	3.26	11.1	5.18	7.9	15.5	36.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $21.30 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	90.7%	Gross profit / revenue.
Operating margin	0.9%	Operating income / revenue.
EBITDA margin	4.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-19.7%	Pre-tax income / revenue.
Net margin	-25.3%	Net income / revenue.
FCF margin	6.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	8.9%	Cash from operations / revenue.
Return on assets (ROA)	-21.0%	Net income / average total assets.
Return on invested capital (ROIC)	41.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	55.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	8.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.9%	Capital expenditures / revenue.
D&A / revenue	3.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-18.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	1.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-4.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-7.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	168.8%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	11.1%	EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	15.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	23.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-204.3%	Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	9.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-13.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	10.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	7.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.79x	Current assets / current liabilities.
Quick ratio	0.64x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.58x	(Cash + short-term investments) / current liabilities.
Debt / assets	51.2%	Total debt / total assets.
Liabilities / assets	112.0%	Total liabilities / total assets.
Net debt	$81.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.03x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.33x	Operating income / interest expense.
Working capital	-$82.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	30.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$253.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.83x	Revenue / average total assets.
Fixed asset turnover	32.3x	Revenue / average property, plant and equipment.
Receivables turnover	21.0x	Revenue / average receivables.
Days sales outstanding	17 days	365 x average receivables / revenue.
Days payables	168 days	365 x average accounts payable / cost of revenue.
Capex / operating cash flow	32.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$3.23	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$12.77	Revenue / diluted weighted shares.
FCF per share	$0.77	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.14	Cash from operations / diluted weighted shares.
Book value per share	-$1.78	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$6.25	Tangible book value / shares outstanding.
Cash per share	$5.58	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$866.2M	Share price x shares outstanding.
Enterprise value	$947.2M	Market cap + total debt - cash - short-term investments.
P/S	1.74x	Market cap / revenue.
P/FCF	28.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	19.6x	Market cap / cash from operations, when positive.
EV/Sales	1.90x	Enterprise value / revenue.
EV/EBIT	203x	Enterprise value / operating income, when both are positive.
EV/EBITDA	47.1x	Enterprise value / EBITDA, when both are positive.
EV/FCF	31.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.5%	Free cash flow / market cap.
Earnings yield	-14.5%	Net income / market cap (the inverse of P/E).

What was Groupon, Inc.'s revenue in fiscal 2025?

Groupon, Inc. reported revenue of $498.4M for fiscal 2025, 1.2% higher than the year before.

Was Groupon, Inc. profitable in fiscal 2025?

No. It reported a net loss of $83.5M.

How much free cash flow did Groupon, Inc. generate in fiscal 2025?

Cash from operations of $64.5M minus capital expenditures of $14.6M left free cash flow of $49.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Groupon, Inc.