NASDAQ$FIVN

Five9 Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record first quarter revenue growth and raised 2022 guidance.

Five9 reported a strong start to the year with first quarter revenue growing 33% year-over-year to a record $182.8 million, driven primarily by the strength of their Enterprise business where LTM subscription revenue grew 46% year-over-year.

  • First quarter revenue increased 33% to a record $182.8 million compared to Q1 2021.
  • GAAP gross margin was 51.4% for the first quarter.
  • Non-GAAP net income for the first quarter was $15.6 million, or $0.22 per diluted share.
  • GAAP operating cash flow for the first quarter was $28.7 million.

Headline financials

Total Revenue

$183M

Previous: $138M+32.6%
EPS (adj)

$0.22

Previous: $0.23-4.3%
Capital Expenditures

-$12.4M

Previous: -$8.23M-50.7%
Free Cash Flow

-$46.5M

Previous: -$20.6M-126.2%
Net Income

-$34.1M

Previous: -$12.3M-176.7%
Operating Income

-$30.8M

Previous: -$11.1M-178.2%
Gross Profit

$93.9M

Previous: $78.1M+20.3%
Cash & Equivalents

$100M

Previous: $176M-43.2%
Total Assets

$1.19B

Previous: $1.12B+6.2%
Stock-Based Comp

$39.4M

Previous: $20.9M+88.4%

Revenue & EPS history

Five9 · Revenue · Quarterly

$183M

Q1 2022+32.6%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Five9 provides guidance based on current market conditions and expectations.

Tailwinds

  • Revenue in the range of $770.0 to $773.0 million for the full year 2022.
  • Non-GAAP net income per share in the range of $1.22 to $1.24 for the full year 2022, assuming diluted shares outstanding of approximately 73 million.
  • Revenue in the range of $179.0 to $180.0 million for the second quarter of 2022.
  • Non-GAAP net income per share in the range of $0.17 to $0.19 for the second quarter of 2022, assuming diluted shares outstanding of approximately 72 million.

Headwinds

  • Guidance is subject to various important cautionary factors referenced in the section entitled 'Forward-Looking Statements'.
  • Risks and uncertainties associated with the global economic impact of the Russia-Ukraine Conflict.
  • Risks and uncertainties associated with the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.9%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+5.1%

Avg return

30 days after

58%

28 / 48 earnings

Positive

+29.4%

Q2 2018

Best reaction

-24.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+29.2%+27.3%+41.6%
Q4 2025+12.6%+3.9%-9.6%
Q3 2025-7.9%-2.6%-4.1%
Q1 2025-1.3%+0.4%+5.7%
Q4 2024+1.0%-9.0%-27.7%
Q3 2024+17.0%+24.7%+34.9%
Q2 2024-24.4%-22.9%-30.7%
Q1 2024-0.6%-3.1%-19.7%
Q4 2023-13.6%-11.0%-14.6%
Q3 2023+13.7%+16.6%+42.9%
Q2 2023-13.2%-12.4%-10.0%
Q1 2023-1.8%-3.1%+24.2%
Q4 2022-6.4%-13.5%-20.2%
Q3 2022+8.9%+27.8%+29.9%
Q2 2022+13.4%+17.8%+5.2%
Q1 2022+9.1%+13.4%+1.1%
Q4 2021-6.3%-3.8%-7.0%
Q3 2021+12.4%+8.6%-4.0%
Q2 2021-0.7%+1.5%-7.9%
Q1 2021+4.7%-4.0%-1.3%
Q4 2020-6.5%-2.7%-16.8%
Q3 2020+5.8%+4.0%+5.4%
Q2 2020+7.0%+2.0%+5.2%
Q1 2020+4.6%+13.8%+9.8%
Q4 2019-2.4%-6.0%-18.7%
Q3 2019+8.8%+9.4%+20.4%
Q2 2019+16.6%+12.4%+28.0%
Q1 2019-7.3%-3.9%-3.2%
Q4 2018-5.1%-2.3%+4.1%
Q3 2018+15.5%+12.2%+9.1%
Q2 2018+29.4%+26.5%+40.4%
Q1 2018+10.5%+7.6%+18.8%
Q4 2017+13.3%+11.4%+13.1%
Q3 2017+1.1%-0.7%-8.1%
Q2 2017-1.3%-2.0%-1.2%
Q1 2017+10.2%+8.1%+28.1%
Q4 2016-1.3%-1.9%+7.3%
Q3 2016-2.9%-4.3%+4.8%
Q2 2016+1.2%+7.5%+25.5%
Q1 2016+3.5%
Q4 2015+3.7%
Q3 2015+25.3%
Q2 2015+4.7%
Q1 2015-0.7%
Q4 2014+0.3%
Q3 2014+19.5%
Q2 2014-9.0%
Q1 2014-1.0%
Q2 2013
Q4 2012
Q3 2012

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