February 24, 2017 3:21 PM ET

IT Services

Company Overview of Square, Inc.

Company Overview

Square, Inc. develops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide. It provides Square Register, a POS software application for iOS and Android, which enables sellers across a range of business types to itemize products or services for faster checkout; Square Analytics that shows its sellers how their businesses are performing; Instant Deposit service that sends funds from a sale immediately to a seller’s bank account; and Square Reader for magnetic stripe cards, EMV chip cards, and NFC, which connects wirelessly to mobile devices. The company also offers Square Stand that transforms an iPad into a POS terminal; Square Invoices and Square ...

1455 Market Street

Suite 600

San Francisco, CA 94103

United States

Founded in 2009

Phone:

415-375-3176

Key Executives for Square, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 39
Total Annual Compensation: $6.0K
Chief Financial Officer
Age: 43
Total Annual Compensation: $246.7K
Seller Lead
Age: 46
Total Annual Compensation: $246.7K
Executive Officer
Age: 51
Total Annual Compensation: $245.8K
Compensation as of Fiscal Year 2015.

Square, Inc. Key Developments

Square, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year 2017

Square, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total net revenue of $451,917,000 against $374,360,000 a year ago. Operating loss was $13,978,000 against $47,817,000 a year ago. Loss before income tax was $14,131,000 against $47,045,000 a year ago. Net loss attributable to common stockholders was $15,167,000 or $0.04 per basic and diluted share against $80,489,000 or $0.34 per basic and diluted share a year ago. Adjusted EBITDA was $29,793,000 against adjusted LBITDA of $6,069,000 a year ago. Adjusted revenue was $191,877,000 against $134,546,000 a year ago. Adjusted net income was $20,766,000 or $0.05 per diluted share against adjusted net loss of $12,476,000 or $0.05 per basic and diluted share a year ago. For the year, the company reported total net revenue of $1,708,721,000 against $1,267,118,000 a year ago. Operating loss was $170,453,000 against $174,458,000 a year ago. Loss before income tax was $169,673,000 against $176,071,000 a year ago. Net loss attributable to common stockholders was $171,590,000 or $0.50 per basic and diluted share against $212,017,000 or $1.24 per basic and diluted share a year ago. Net cash provided by operating activities was $23,131,000 against $21,123,000 a year ago. Purchase of property and equipment was $25,433,000 against $37,432,000 a year ago. Adjusted EBITDA was $44,887,000 against adjusted LBITDA of $41,115,000 a year ago. Adjusted revenue was $686,618,000 against $452,168,000 a year ago. Adjusted net income was $15,018,000 or $0.04 per basic and diluted share against adjusted net loss of $66,597,000 or $0.39 per basic and diluted share a year ago. For the first quarter of 2017, the company expects total net revenue to be from $440 million to $452 million, adjusted revenue to be from $190 million to $193 million, adjusted EBITDA to be from $14 million to $18 million, net loss per share to be from $0.09 to $0.07 and adjusted diluted EPS to be from $0.00 to $0.02. For the year 2017, the company expects total net revenue to be from $2.09 billion to $2.15 billion, adjusted revenue to be from $880 million to $900 million, adjusted EBITDA to be from $100 million to $110 million, net loss per share to be from $0.24 to $0.20 and adjusted diluted EPS to be from $0.15 to $0.19 .

Square, Inc. Announces Resignation of Francoise Brougher as Business Lead, Effective February 3, 2017

Square, Inc. announced that on January 30, 2017, Francoise Brougher notified the company that she will resign from her position as Business Lead, effective as of February 3, 2017. Ms. Brougher will remain an employee of the company in order to provide transitional services to the Company through May 2017, during which time she will continue to be paid her current salary.

Square, Inc., Q4 2016 Earnings Call, Feb 22, 2017

Square, Inc., Q4 2016 Earnings Call, Feb 22, 2017

Similar Private Companies By Industry

Company Name Region
@aquila, Incorporated United States
0ptimus Consulting LLC United States
1 Source Consulting, Inc. United States
10th Magnitude, Inc. United States
11 Online, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 12, 2016
--
Merger/Acquisition
March 14, 2016
Framed Data, Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Square, Inc., please visit www.squareup.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.