MARCHEX INC MCHX
References herein to "we" "us" or "our" refer to Marchex, Inc. ("Marchex" or the "Company") and its wholly-owned subsidiaries unless the context specifically states or implies otherwise.
Marchex harnesses the power of artificial intelligence ("AI") and conversation intelligence to provide actionable insights derived from prescriptive vertical market data analytics. Marchex enables organizations across business functions to optimize customer acquisitions and experiences, transforming conversations into meaningful business outcomes. Marchex provides AI-powered conversation intelligence solutions for market-leading companies in leading business-to-business-to-consumer ("B2B2C") vertical markets, including many of the world's most innovative and successful brands.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.4M | $48.1M | $49.9M | $52.2M | $53.5M | $51.2M | $54.5M | $85.3M | $90.3M | $129.5M |
| Cost of revenue | $16.7M | $17.2M | $20.6M | $20.5M | $21.7M | $20.9M | $18.0M | $47.8M | $49.3M | $77.0M |
| Gross profit | $28.7M | $30.9M | $29.3M | $31.7M | $31.8M | $30.3M | $36.5M | $37.4M | $41.0M | $52.6M |
| R&D | $9.7M | $12.4M | $15.4M | $14.4M | $16.1M | $21.0M | $17.9M | $15.4M | $18.1M | $28.4M |
| SG&A | $10.8M | $10.2M | $10.2M | $9.8M | $9.3M | $12.8M | $13.0M | $10.9M | $13.6M | $21.8M |
| Total operating expenses | $51.1M | $52.6M | $59.6M | $60.3M | $65.3M | $75.6M | $68.4M | $89.1M | $96.7M | $150.1M |
| Operating income | -$5.7M | -$4.4M | -$9.6M | -$8.1M | -$11.8M | -$44.1M | -$14.0M | -$3.9M | -$6.4M | -$83.9M |
| Interest expense | — | — | $282.0K | — | $37.0K | $30.0K | — | — | — | — |
| Pre-tax income | -$5.2M | -$4.6M | -$9.8M | -$8.1M | -$4.2M | -$43.9M | -$13.2M | -$2.8M | -$6.0M | -$84.0M |
| Income tax | $79.0K | $380.0K | $94.0K | $184.0K | $232.0K | $1.9M | $3.5M | $156.0K | $42.0K | $54.0K |
| Net income | -$5.2M | -$4.9M | -$9.9M | -$8.2M | -$4.4M | -$38.4M | -$4.0M | -$2.7M | -$6.1M | -$84.1M |
| EPS, basic | -0.12 | -0.11 | -0.23 | -0.19 | -0.10 | — | — | — | — | — |
| EPS, diluted | -0.12 | -0.11 | -0.23 | -0.19 | -0.10 | — | — | — | — | -2.01 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.9M | $12.8M | $14.6M | $20.5M | $27.1M | $33.9M | $41.7M | $45.2M | $104.2M | $104.0M |
| Receivables | $6.7M | $7.1M | $7.4M | $8.4M | $8.0M | $6.3M | $7.5M | $16.2M | $14.9M | $18.9M |
| Total current assets | $19.0M | $22.3M | $23.8M | $30.9M | $37.5M | $42.3M | $62.4M | $64.1M | $121.1M | $124.5M |
| Property, plant and equipment | $1.9M | $1.8M | $2.4M | $4.0M | $2.8M | $2.7M | $3.0M | $2.9M | $2.4M | $3.6M |
| Goodwill | $17.6M | $17.6M | $17.6M | $17.6M | $17.6M | $17.6M | $32.3M | $24.4M | $0 | $0 |
| Other intangibles | — | $0 | $602.0K | $2.6M | $4.7M | $9.2M | $19.5M | $20.7M | — | — |
| Total assets | $39.7M | $43.2M | $47.5M | $56.8M | $65.8M | $76.9M | $124.5M | $113.1M | $123.8M | $128.3M |
| Accounts payable | $3.2M | $1.3M | $1.5M | $2.0M | $1.4M | $2.4M | $618.0K | $6.0M | $4.9M | $6.8M |
| Short-term debt | — | — | $800.0K | — | — | $5.1M | — | — | — | — |
| Total current liabilities | $8.1M | $9.3M | $9.7M | $12.1M | $12.7M | $21.0M | $17.5M | $14.8M | $32.7M | $14.9M |
| Total liabilities | $9.6M | $10.6M | $11.6M | $12.7M | $14.3M | $24.2M | $24.7M | $18.0M | $33.8M | $15.0M |
| Retained earnings | -$331.4M | -$326.2M | -$321.2M | -$311.3M | -$303.1M | -$298.7M | -$260.2M | -$256.2M | -$253.7M | -$247.6M |
| Total equity | $30.1M | $32.6M | $35.9M | $44.1M | $51.5M | $52.7M | $99.8M | $95.0M | $90.0M | $113.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.4M | -$1.1M | -$4.4M | -$2.3M | -$6.3M | -$3.4M | $5.1M | $5.1M | $1.7M | -$3.7M |
| Depreciation and amortisation | $1.4M | $1.4M | $1.8M | $1.6M | $1.2M | $1.6M | $1.5M | $1.5M | $2.8M | $3.2M |
| Stock-based compensation | $2.4M | $1.7M | $2.4M | $2.6M | $2.7M | $3.8M | $3.1M | $3.0M | $4.6M | $10.2M |
| Capital expenditure | $36.0K | $382.0K | $1.4M | $2.9M | $1.4M | $1.4M | $1.6M | $1.7M | $1.6M | $986.0K |
| Investing cash flow | -$1.3M | -$429.0K | -$1.3M | -$2.9M | -$951.0K | $981.0K | -$9.7M | -$36.6M | -$1.6M | -$1.2M |
| Financing cash flow | -$97.0K | -$307.0K | -$160.0K | -$1.5M | $528.0K | -$5.5M | $1.9M | -$27.4M | $125.0K | -$312.0K |
| Dividends paid | — | — | — | — | — | — | — | $21.9M | — | — |
| Buybacks | — | — | — | — | — | $10.9M | — | $5.7M | — | $365.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-161560.
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