Why Coupa could be an attractive takeover targetĬoupa's weaknesses are easy to spot, but it still has plenty of strengths. It generated 40% of its revenue overseas last year, and the European market remains a weak link as it grapples with softer demand and longer upgrade cycles. It expects its non-GAAP (generally accepted accounting principles) net income to rise approximately 4% to $65.5 million, while analysts expect its net loss to narrow slightly to $338 million on a GAAP basis.Ĭoupa mainly blames that slowdown on macroeconomic headwinds. But in fiscal 2023, Coupa expects its revenue to grow just 16% to about $841 million. Those acquisitions expanded its ecosystem and boosted its revenue, but they also inflated its expenses and obfuscated its organic revenue growth.Ĭoupa's revenue rose 34% to $725.3 million in fiscal 2022, but its net loss more than doubled to $379.0 million, even as it acquired fewer companies. However, its net loss nearly doubled to $180.1 million.Ī large portion of its losses in both years can be attributed to its acquisitions of Kinaxis, Bellin, Much-Net, and LLamasoft (which represented its largest acquisition ever at $1.5 billion). Its revenue grew 39% to $541.6 million in fiscal 2021, and its core business remained resilient throughout the pandemic as large companies used its software to cut costs and streamline their operations. Its major customers include BMW, AstraZeneca, and Redfin.Ĭoupa's revenue rose 50% to $389.7 million in fiscal 2020, which ended in January of the calendar year, but its net loss widened from $55.5 million to $90.8 million.

Coupa's growth has been cooling offĬoupa's cloud-based Business Spend Management (BSM) platform enables large companies to optimize their spending patterns, inventories, and supply chains.

Coupa procurement pricing