Despegar.com Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	774.06	706.04	537.97	322.84	131.33
Revenue Growth (YoY)	9.63%	31.24%	66.64%	145.82%	-74.98%
Cost of Revenue	207.91	228.43	182.9	160.03	101.16
Gross Profit	566.15	477.62	355.07	162.82	30.17
Selling, General & Admin	330.98	295.98	266.28	176.21	123.08
Research & Development	107.83	104.99	89.99	73.69	63.83
Other Operating Expenses	2.94	4.55	-	-	-
Operating Expenses	441.75	405.52	356.27	249.9	186.92
Operating Income	124.4	72.1	-1.2	-87.08	-156.75
Interest Expense	-11.89	-10.29	-8.48	-5.69	-5.47
Interest & Investment Income	12.73	15.29	17.98	5.97	3.86
Earnings From Equity Investments	-0.84	-1.06	-0.16	0.34	-2.06
Currency Exchange Gain (Loss)	-30.31	-24.03	-39.15	-4.51	11.13
Other Non Operating Income (Expenses)	-59.61	-17.61	-15.8	-5.98	3.39
EBT Excluding Unusual Items	34.49	34.4	-46.82	-96.95	-145.9
Merger & Restructuring Charges	-0.43	-6.8	-0.39	-4.04	-16.5
Impairment of Goodwill	-	-	-	-4.2	-0.59
Asset Writedown	-	-	-	-0.91	-1.32
Pretax Income	34.06	27.61	-47.21	-106.1	-164.31
Income Tax Expense	6.15	3.12	21.31	-0.23	-21.44
Earnings From Continuing Operations	27.91	24.49	-68.52	-105.87	-142.87
Minority Interest in Earnings	-	-	-	1.24	0.28
Net Income	27.91	24.49	-68.52	-104.63	-142.59
Preferred Dividends & Other Adjustments	30.71	31.07	29.73	29.21	7.67
Net Income to Common	-2.81	-6.58	-98.25	-133.83	-150.26
Net Income Growth	13.94%	-	-	-	-
Shares Outstanding (Basic)	82	77	77	77	68
Shares Outstanding (Diluted)	82	77	77	77	68
Shares Change (YoY)	5.93%	0.45%	0.22%	12.73%	-2.12%
EPS (Basic)	-0.03	-0.09	-1.28	-1.75	-2.21
EPS (Diluted)	-0.03	-0.09	-1.28	-1.75	-2.21
Free Cash Flow	59.63	92.91	32.41	-38.84	-121.8
Free Cash Flow Per Share	0.73	1.20	0.42	-0.51	-1.79
Gross Margin	73.14%	67.65%	66.00%	50.43%	22.97%
Operating Margin	16.07%	10.21%	-0.22%	-26.97%	-119.35%
Profit Margin	-0.36%	-0.93%	-18.26%	-41.45%	-114.41%
Free Cash Flow Margin	7.70%	13.16%	6.02%	-12.03%	-92.74%
EBITDA	163.2	108.61	34.8	-52.88	-127.07
EBITDA Margin	21.08%	15.38%	6.47%	-16.38%	-96.75%
D&A For EBITDA	38.8	36.51	36	34.21	29.68
EBIT	124.4	72.1	-1.2	-87.08	-156.75
EBIT Margin	16.07%	10.21%	-0.22%	-26.97%	-119.35%
Effective Tax Rate	18.06%	11.29%	-	-	-
Advertising Expenses	144.47	131.89	102.96	-	-

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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