Slack’s Financials Are Released

Posted on 06/20/2019

Slack Technologies, Inc. is an American software company founded in 2009 in Vancouver, British Columbia, Canada. The company moved its headquarters to San Francisco. Slack publicly launched its product in 2014. During the three months ended January 31, 2019, Slack’s daily active users exceeded 10 million. Slack went public on the New York Stock Exchange via a direct listing.

Slack Financials in USD

Fiscal Year January 2019 January 2018 January 2017
Revenue 400,552,000 220,544,000 105,153,000
Gross Profilt 349,251,000 194,180,000 89,636,000
Net Income -139,902,000 -140,063,000 -146,909,000
Free Cash Flow -97,239,000 -57,661,000 -114,038,000

Japan-based SoftBank Group Corporation oversees the Vision Fund, which touts the Public Investment Fund and Mubadala Investment Company as key limited partners. SoftBank ended up with 7.3% of voting power before Slack went public.

On April 30, 2018, SoftBank Vision Fund (AIV M1) L.P., a holder of more than 5% of Slack’s capital stock, purchased an aggregate of 1,205,454 shares of our outstanding Class B common stock from holders of our Class B common stock, at a purchase price of US$ 8.37 per share, for an aggregate purchase price of US$ 10.1 million, which we refer to as the April 2018 Stock Transfer.

SoftBank Vision Fund (AIV M1) L.P. bought 1,464,680 shares of Shares of Series G-3 Convertible Preferred Stock in Slack in September 2018 for US$ 12,742,716.

SoftBank Vision Fund (AIV M1) L.P. bought 14,454,593 Shares of Series G Convertible Preferred Stock in Slack for a cost of US$ 134,499,988 in the period of December 2017.

SoftBank Vision Fund (AIV M1) L.P. bought 2,245,638 Shares of Series H Convertible Preferred Stock in Slack for US$ 26,734,994 during the period of November 2017.

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