Block Inc (N:SQ)

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1955 Broadway, Suite 600
OAKLAND CA 94612
Tel: N/A
Website: https://squareup.com
IR: See website
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Key People
Jack Dorsey
Executive Chairman of the Board, Block Head
Amrita Ahuja
Chief Financial Officer, Chief Operating Officer
Brian Grassadonia
Chief Executive Officer, Cash App
Chrysty Esperanza
Chief Legal Officer, Corporate Secretary
   
Business Overview
Block, Inc. is focused on creating ecosystems for distinct customer audiences. The Company operates through two segments: Square and Cash App. Square segment includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its bitcoin ecosystem includes TBD, which is an open developer platform.
Financial Overview
For the fiscal year ended 31 December 2023, Block Inc revenues increased 25% to $21.92B. Net income totaled $9.8M vs. loss of $540.7M. Revenues reflect Bitcoin revenue increase of 34% to $9.5B, Subscription and services-based revenue increase of 31% to $5.94B, Transaction-based revenue increase of 11% to $6.32B. Net Income reflects Other income, net - Balancing value increase from $22M to $219M (income).
Employees: 12,985 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $49,485M as of Dec 31, 2023
Annual revenue (TTM): $21,916M as of Dec 31, 2023
EBITDA (TTM): $937.40M as of Dec 31, 2023
Net annual income (TTM): $9.77M as of Dec 31, 2023
Free cash flow (TTM): -$50.19M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 615,693,000 as of Feb 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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