Marchex, Inc. (MCHX) 10-Year Financial Performance & Capital Metrics

MCHX • • Industrial / General

Communication ServicesAdvertising & MarketingMarketing Technology & AnalyticsMarketing Analytics & Intelligence

AboutMarchex, Inc. operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations. The company's Marchex Sales Engagement products comprise Marchex Engage, which combines Marchex artificial intelligence and machine learning with call monitoring and scoring services; Marchex Spotlight, a product for corporate and regional managers; Marchex Engage for Automotive; and Marchex Platform Services that allows businesses to add Marchex conversation intelligence to their existing workflows and enabling them to decode what happens in their conversations with customers. Marchex, Inc. was incorporated in 2003 and is headquartered in Seattle, Washington.Show more

Revenue $48M -3.6%
EBITDA -$2M +68.8%
Net Income -$5M +50.1%
EPS (Diluted) -0.11 +52.2%
Gross Margin 64.32% +9.5%
EBITDA Margin -3.74% +67.6%
Operating Margin -9.24% +52.2%
Net Margin -10.28% +48.2%
ROE -14.44% +41.7%
ROIC -15.01% +49.5%
Debt/Equity 0.04 -36.4%
Interest Coverage -37.06 -12.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-12.49%

5Y-2.45%

3Y-3.46%

TTM-4.33%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-15.48%

EPS CAGR

10Y-

5Y-

3Y-

TTM49.33%

ROCE

10Y Avg-20.8%

5Y Avg-25.63%

3Y Avg-17.48%

Latest-12.41%

Peer Comparison

Marketing Analytics & Intelligence

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZDZiff Davis, Inc.	1.5B	37.95	26.73	2.76%	7.62%	6.17%	18.92%	0.49
ACCSACCESS Newswire Inc.	37.8M	9.77	-3.46	-5.97%	-29.15%	-17.3%	6.73%	0.66
TSQTownsquare Media, Inc.	86.48M	5.71	-7.05	-0.72%	4.16%		36.2%
INUVInuvo, Inc.	44.11M	3.02	-7.37	13.37%	-4.44%	-41.85%		0.08
MCHXMarchex, Inc.	68.29M	1.74	-15.82	-3.58%	-10.38%	-15.11%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	143.01M	129.55M	90.29M	85.25M	54.49M	51.22M	53.48M	52.17M	49.91M	48.12M
Revenue Growth %	-0.22%	-0.09%	-0.3%	-0.06%	-0.36%	-0.06%	0.04%	-0.02%	-0.04%	-0.04%
Cost of Goods Sold+	78.77M	76.97M	49.34M	47.8M	18M	20.89M	21.69M	20.46M	20.58M	17.17M
COGS % of Revenue	0.55%	0.59%	0.55%	0.56%	0.33%	0.41%	0.41%	0.39%	0.41%	0.36%
Gross Profit+	64.25M	52.58M	40.95M	37.45M	36.49M	30.33M	31.78M	31.71M	29.33M	30.95M
Gross Margin %	0.45%	0.41%	0.45%	0.44%	0.67%	0.59%	0.59%	0.61%	0.59%	0.64%
Gross Profit Growth %	-0.06%	-0.18%	-0.22%	-0.09%	-0.03%	-0.17%	0.05%	-0%	-0.08%	0.06%
Operating Expenses+	66.03M	72.51M	47.31M	40.87M	50.45M	74.39M	43.58M	39.86M	38.97M	35.4M
OpEx % of Revenue	0.46%	0.56%	0.52%	0.48%	0.93%	1.45%	0.81%	0.76%	0.78%	0.74%
Selling, General & Admin	34.97M	44.06M	29.22M	24.67M	24.93M	29.45M	22.84M	23.3M	21.62M	22.38M
SG&A % of Revenue	0.24%	0.34%	0.32%	0.29%	0.46%	0.58%	0.43%	0.45%	0.43%	0.47%
Research & Development	31.06M	28.45M	18.09M	15.42M	17.88M	21M	16.11M	14.36M	15.36M	12.41M
R&D % of Revenue	0.22%	0.22%	0.2%	0.18%	0.33%	0.41%	0.3%	0.28%	0.31%	0.26%
Other Operating Expenses	-8K	-73K	14K	781K	7.64M	23.93M	4.62M	2.2M	2M	602K
Operating Income+	-507K	-83.9M	-6.36M	-3.89M	-13.96M	-44.06M	-11.8M	-8.15M	-9.64M	-4.45M
Operating Margin %	-0%	-0.65%	-0.07%	-0.05%	-0.26%	-0.86%	-0.22%	-0.16%	-0.19%	-0.09%
Operating Income Growth %	-1.1%	-164.48%	0.92%	0.39%	-2.59%	-2.16%	0.73%	0.31%	-0.18%	0.54%
EBITDA+	3.15M	-80.7M	-3.57M	-1.27M	-5.83M	-36.81M	-5.83M	-4.12M	-5.77M	-1.8M
EBITDA Margin %	0.02%	-0.62%	-0.04%	-0.01%	-0.11%	-0.72%	-0.11%	-0.08%	-0.12%	-0.04%
EBITDA Growth %	-0.42%	-26.59%	0.96%	0.64%	-3.6%	-5.31%	0.84%	0.29%	-0.4%	0.69%
D&A (Non-Cash Add-back)	3.66M	3.19M	2.79M	2.62M	8.13M	7.25M	5.97M	4.03M	3.87M	2.65M
EBIT	-515K	-83.97M	-6.36M	-3.43M	-14.41M	-43.91M	-4.12M	-8.06M	-9.63M	-4.45M
Net Interest Income+	-55K	-42K	316K	1.05M	752K	107K	-34K	99K	26K	-120K
Interest Income	21K	67K	316K	1.05M	752K	137K	3K	99K	319K	0
Interest Expense	76K	109K	0	0	0	30K	37K	0	293K	120K
Other Income/Expense	-63K	-115K	316K	1.05M	752K	123K	7.64M	88K	-173K	-120K
Pretax Income+	-570K	-84.01M	-6.04M	-2.83M	-13.21M	-43.94M	-4.16M	-8.06M	-9.82M	-4.57M
Pretax Margin %	-0%	-0.65%	-0.07%	-0.03%	-0.24%	-0.86%	-0.08%	-0.15%	-0.2%	-0.09%
Income Tax+	27K	54K	42K	-156K	-3.48M	-1.92M	232K	184K	94K	380K
Effective Tax Rate %	-46.88%	1%	1.01%	0.94%	0.31%	0.88%	1.06%	1.02%	1.01%	1.08%
Net Income+	26.72M	-84.07M	-6.09M	-2.68M	-4.04M	-38.45M	-4.39M	-8.24M	-9.91M	-4.95M
Net Margin %	0.19%	-0.65%	-0.07%	-0.03%	-0.07%	-0.75%	-0.08%	-0.16%	-0.2%	-0.1%
Net Income Growth %	2.4%	-4.15%	0.93%	0.56%	-0.51%	-8.51%	0.89%	-0.88%	-0.2%	0.5%
Net Income (Continuing)	-597K	-84.07M	-6.09M	-2.68M	-9.73M	-42.02M	-4.39M	-8.24M	-9.91M	-4.95M
Discontinued Operations	0	0	0	0	5.69M	3.57M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.65	-1.79	-0.13	-0.06	-0.09	-0.83	-0.10	-0.19	-0.23	-0.11
EPS Growth %	2.55%	-3.75%	0.93%	0.57%	-0.58%	-8.34%	0.88%	-0.9%	-0.21%	0.52%
EPS (Basic)	0.65	-2.01	-0.14	-0.06	-0.09	-0.83	-0.10	-0.19	-0.23	-0.11
Diluted Shares Outstanding	46.4M	46.93M	47.77M	47.5M	45.46M	46.26M	43.92M	43.22M	42.62M	43.16M
Basic Shares Outstanding	41.17M	41.74M	42.71M	47.5M	45.46M	46.26M	43.92M	43.22M	42.62M	43.16M
Dividend Payout Ratio	0.06%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	135.69M	124.5M	121.09M	64.08M	62.42M	42.34M	37.51M	30.89M	23.81M	22.28M
Cash & Short-Term Investments	109.16M	103.95M	104.19M	45.23M	41.73M	33.85M	27.09M	20.47M	14.61M	12.77M
Cash Only	109.16M	103.95M	104.19M	45.23M	41.73M	33.85M	27.09M	20.47M	14.61M	12.77M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	24.75M	18.92M	14.86M	16.2M	7.53M	6.33M	8.02M	8.4M	7.39M	7.07M
Days Sales Outstanding	63.16	53.31	60.07	69.35	50.41	45.12	54.75	58.74	54.07	53.64
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	11.15M	0	630K	2.02M	1.8M	2.44M
Total Non-Current Assets+	69.31M	3.77M	2.73M	49.23M	62.08M	34.59M	28.31M	25.91M	23.67M	20.92M
Property, Plant & Equipment	5.78M	3.56M	2.4M	2.92M	8.8M	6.49M	5.05M	4.79M	4.03M	2.97M
Fixed Asset Turnover	24.75x	36.42x	37.54x	29.19x	6.19x	7.89x	10.58x	10.90x	12.39x	16.22x
Goodwill	63.3M	0	0	24.69M	32.33M	17.56M	17.56M	17.56M	17.56M	17.56M
Intangible Assets	222K	0	0	20.7M	19.48M	9.2M	4.71M	2.59M	602K	0
Long-Term Investments	0	0	0	575K	0	341K	0	0	0	0
Other Non-Current Assets	0	214K	326K	917K	1.47M	1M	986K	973K	1.48M	397K
Total Assets+	204.99M	128.27M	123.82M	113.31M	124.5M	76.93M	65.83M	56.79M	47.48M	43.2M
Asset Turnover	0.70x	1.01x	0.73x	0.75x	0.44x	0.67x	0.81x	0.92x	1.05x	1.11x
Asset Growth %	0.13%	-0.37%	-0.03%	-0.08%	0.1%	-0.38%	-0.14%	-0.14%	-0.16%	-0.09%
Total Current Liabilities+	16.86M	14.87M	32.73M	14.95M	17.55M	20.95M	12.67M	12.06M	9.72M	9.27M
Accounts Payable	9.46M	6.81M	4.93M	5.97M	618K	2.42M	1.36M	2.04M	1.53M	1.35M
Days Payables Outstanding	43.84	32.3	36.46	45.57	12.53	42.36	22.93	36.34	27.19	28.67
Short-Term Debt	0	0	0	0	0	5.12M	0	0	0	0
Deferred Revenue (Current)	692K	349K	313K	1000K	866K	0	0	1000K	1000K	1000K
Other Current Liabilities	0	0	21.91M	1.2M	10.4M	1.39M	2.02M	3.57M	3.29M	397K
Current Ratio	8.05x	8.37x	3.70x	4.29x	3.56x	2.02x	2.96x	2.56x	2.45x	2.40x
Quick Ratio	8.05x	8.37x	3.70x	4.29x	3.56x	2.02x	2.96x	2.56x	2.45x	2.40x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	662K	134K	1.09M	3.34M	7.12M	3.29M	1.65M	618K	1.89M	1.3M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	5.66M	3.14M	1.47M	385K	1.64M	721K
Deferred Tax Liabilities	0	0	0	1.53M	981K	0	0	233K	249K	579K
Other Non-Current Liabilities	662K	134K	1.09M	1.73M	473K	156K	186K	0	0	0
Total Liabilities	17.53M	15M	33.82M	18.29M	24.66M	24.24M	14.32M	12.68M	11.61M	10.57M
Total Debt+	0	0	0	0	7.16M	10.09M	3.26M	1.64M	2.1M	1.22M
Net Debt	-109.16M	-103.95M	-104.19M	-45.23M	-34.57M	-23.77M	-23.83M	-18.84M	-12.51M	-11.55M
Debt / Equity	-	-	-	-	0.07x	0.19x	0.06x	0.04x	0.06x	0.04x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-34.61x	-	-	-	-	-	-	-	-	-
Interest Coverage	-6.67x	-769.70x	-	-	-	-1468.60x	-318.81x	-	-32.91x	-37.06x
Total Equity+	187.47M	113.27M	90M	95.03M	99.84M	52.69M	51.5M	44.11M	35.87M	32.63M
Equity Growth %	0.2%	-0.4%	-0.21%	0.06%	0.05%	-0.47%	-0.02%	-0.14%	-0.19%	-0.09%
Book Value per Share	4.04	2.41	1.88	2.00	2.20	1.14	1.17	1.02	0.84	0.76
Total Shareholders' Equity	187.47M	113.27M	90M	95.03M	99.84M	52.69M	51.5M	44.11M	35.87M	32.63M
Common Stock	423K	433K	440K	423K	445K	414K	423K	434K	435K	439K
Retained Earnings	-163.52M	-247.58M	-253.71M	-256.2M	-260.24M	-298.69M	-303.08M	-311.32M	-321.23M	-326.18M
Treasury Stock	-238K	0	0	0	0	0	0	0	0	0
Accumulated OCI	-27.57M	-25.59M	-25.68M	-25.09M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.75M	-3.67M	1.69M	5.05M	5.09M	-3.37M	-6.34M	-2.29M	-4.39M	-1.1M
Operating CF Margin %	0.09%	-0.03%	0.02%	0.06%	0.09%	-0.07%	-0.12%	-0.04%	-0.09%	-0.02%
Operating CF Growth %	-0.43%	-1.29%	1.46%	1.99%	0.01%	-1.66%	-0.88%	0.64%	-0.92%	0.75%
Net Income	4.53M	-84.07M	-6.09M	-2.68M	-9.73M	-42.02M	-4.39M	-8.24M	-9.91M	-4.95M
Depreciation & Amortization	3.66M	3.19M	2.79M	2.6M	8.45M	7.25M	5.97M	4.03M	3.87M	2.65M
Stock-Based Compensation	10.03M	10.18M	4.6M	3.04M	0	3.83M	2.67M	2.65M	2.39M	1.71M
Deferred Taxes	0	0	0	-185K	-1.73M	-826K	-6K	43K	0	330K
Other Non-Cash Items	-1.18M	64.99M	226K	1.54M	1.99M	23.48M	-4.19M	906K	819K	-147K
Working Capital Changes	-4.28M	2.03M	165K	740K	6.12M	4.9M	-6.4M	-1.68M	-1.57M	-693K
Change in Receivables	999K	4.02M	3.84M	254K	36K	-80K	-2.13M	-1.28M	360K	469K
Change in Inventory	-309K	1.49M	-1.72M	-135K	0	0	0	0	0	0
Change in Payables	-4.08M	-2.61M	-1.96M	618K	-218K	1.79M	-1.05M	675K	-1.25M	-566K
Cash from Investing+	21.82M	-1.22M	-1.58M	-36.56M	-9.68M	981K	-951K	-2.87M	-1.31M	-429K
Capital Expenditures	-4.16M	-1M	-1.58M	-2.23M	-1.68M	-1.35M	-1.35M	-2.87M	-1.38M	-429K
CapEx % of Revenue	0.03%	0.01%	0.02%	0.03%	0.03%	0.03%	0.03%	0.05%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	25.25M	-238K	-15K	-577K	-79K	2.25M	59K	0	65K	0
Cash from Financing+	-5.45M	-312K	125K	-27.45M	1.89M	-5.49M	528K	-1.46M	-160K	-307K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.69M	0	0	-21.91M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	55K	53K	125K	136K	0	245K	0	-1.5M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.6M	-4.67M	115K	2.82M	3.41M	-4.73M	-7.69M	-5.16M	-5.77M	-1.53M
FCF Margin %	0.06%	-0.04%	0%	0.03%	0.06%	-0.09%	-0.14%	-0.1%	-0.12%	-0.03%
FCF Growth %	-0.55%	-1.54%	1.02%	23.55%	0.21%	-2.39%	-0.63%	0.33%	-0.12%	0.73%
FCF per Share	0.19	-0.10	0.00	0.06	0.08	-0.10	-0.18	-0.12	-0.14	-0.04
FCF Conversion (FCF/Net Income)	0.48x	0.04x	-0.28x	-1.89x	-1.26x	0.09x	1.44x	0.28x	0.44x	0.22x
Interest Paid	55K	37K	0	0	0	0	0	0	115K	124K
Taxes Paid	28K	24K	0	49K	0	35K	174K	55K	70K	63K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.55%	-55.91%	-5.99%	-2.89%	-4.15%	-50.41%	-8.43%	-17.25%	-24.78%	-14.44%
Return on Invested Capital (ROIC)	-0.49%	-143.61%	-	-16.38%	-18.2%	-70.16%	-31.26%	-23.08%	-29.74%	-15.01%
Gross Margin	44.92%	40.59%	45.36%	43.93%	66.96%	59.22%	59.43%	60.78%	58.76%	64.32%
Net Margin	18.68%	-64.89%	-6.74%	-3.14%	-7.42%	-75.06%	-8.21%	-15.8%	-19.86%	-10.28%
Debt / Equity	-	-	-	-	0.07x	0.19x	0.06x	0.04x	0.06x	0.04x
Interest Coverage	-6.67x	-769.70x	-	-	-	-1468.60x	-318.81x	-	-32.91x	-37.06x
FCF Conversion	0.48x	0.04x	-0.28x	-1.89x	-1.26x	0.09x	1.44x	0.28x	0.44x	0.22x
Revenue Growth	-21.7%	-9.42%	-30.3%	-5.58%	-36.08%	-6%	4.41%	-2.44%	-4.33%	-3.58%

Revenue by Segment

	2012	2013	2014	2015	2018	2019
Advertising	-	-	-	-	78.7M	102M
Advertising Growth	-	-	-	-	-	29.61%
Service Other	-	-	-	-	6.6M	4.1M
Service Other Growth	-	-	-	-	-	-37.88%
Call Driven	-	-	168.05M	139.89M	-	-
Call Driven Growth	-	-	-	-16.76%	-	-
Archeo	-	-	14.59M	3.13M	-	-
Archeo Growth	-	-	-	-78.57%	-	-
Partner And Other Revenue Sources	127.42M	141.62M	-	-	-	-
Partner And Other Revenue Sources Growth	-	11.15%	-	-	-	-
Proprietary Web Site Traffic Sources And Other Web Site Revenue	-	10.93M	-	-	-	-
Proprietary Web Site Traffic Sources And Other Web Site Revenue Growth	-	-	-	-	-	-
Proprietary Web Site Traffic Sources	10.89M	-	-	-	-	-
Proprietary Web Site Traffic Sources Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Marchex, Inc. (MCHX) reported $46.5M in revenue for fiscal year 2024. This represents a 68% decrease from $146.7M in 2011.

Marchex, Inc. (MCHX) saw revenue decline by 3.6% over the past year.

Marchex, Inc. (MCHX) reported a net loss of $4.8M for fiscal year 2024.

Dividend & Returns

Marchex, Inc. (MCHX) has a return on equity (ROE) of -14.4%. Negative ROE indicates the company is unprofitable.

Marchex, Inc. (MCHX) had negative free cash flow of $0.8M in fiscal year 2024, likely due to heavy capital investments.

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Marchex, Inc. (MCHX) 10-Year Financial Performance & Capital Metrics

MCHX • • Industrial / General

Communication ServicesAdvertising & MarketingMarketing Technology & AnalyticsMarketing Analytics & Intelligence

Revenue $48M -3.6%
EBITDA -$2M +68.8%
Net Income -$5M +50.1%
EPS (Diluted) -0.11 +52.2%
Gross Margin 64.32% +9.5%
EBITDA Margin -3.74% +67.6%
Operating Margin -9.24% +52.2%
Net Margin -10.28% +48.2%
ROE -14.44% +41.7%
ROIC -15.01% +49.5%
Debt/Equity 0.04 -36.4%
Interest Coverage -37.06 -12.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-12.49%

5Y-2.45%

3Y-3.46%

TTM-4.33%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-15.48%

EPS CAGR

10Y-

5Y-

3Y-

TTM49.33%

ROCE

10Y Avg-20.8%

5Y Avg-25.63%

3Y Avg-17.48%

Latest-12.41%

Peer Comparison

Marketing Analytics & Intelligence

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZDZiff Davis, Inc.	1.5B	37.95	26.73	2.76%	7.62%	6.17%	18.92%	0.49
ACCSACCESS Newswire Inc.	37.8M	9.77	-3.46	-5.97%	-29.15%	-17.3%	6.73%	0.66
TSQTownsquare Media, Inc.	86.48M	5.71	-7.05	-0.72%	4.16%		36.2%
INUVInuvo, Inc.	44.11M	3.02	-7.37	13.37%	-4.44%	-41.85%		0.08
MCHXMarchex, Inc.	68.29M	1.74	-15.82	-3.58%	-10.38%	-15.11%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	143.01M	129.55M	90.29M	85.25M	54.49M	51.22M	53.48M	52.17M	49.91M	48.12M
Revenue Growth %	-0.22%	-0.09%	-0.3%	-0.06%	-0.36%	-0.06%	0.04%	-0.02%	-0.04%	-0.04%
Cost of Goods Sold+	78.77M	76.97M	49.34M	47.8M	18M	20.89M	21.69M	20.46M	20.58M	17.17M
COGS % of Revenue	0.55%	0.59%	0.55%	0.56%	0.33%	0.41%	0.41%	0.39%	0.41%	0.36%
Gross Profit+	64.25M	52.58M	40.95M	37.45M	36.49M	30.33M	31.78M	31.71M	29.33M	30.95M
Gross Margin %	0.45%	0.41%	0.45%	0.44%	0.67%	0.59%	0.59%	0.61%	0.59%	0.64%
Gross Profit Growth %	-0.06%	-0.18%	-0.22%	-0.09%	-0.03%	-0.17%	0.05%	-0%	-0.08%	0.06%
Operating Expenses+	66.03M	72.51M	47.31M	40.87M	50.45M	74.39M	43.58M	39.86M	38.97M	35.4M
OpEx % of Revenue	0.46%	0.56%	0.52%	0.48%	0.93%	1.45%	0.81%	0.76%	0.78%	0.74%
Selling, General & Admin	34.97M	44.06M	29.22M	24.67M	24.93M	29.45M	22.84M	23.3M	21.62M	22.38M
SG&A % of Revenue	0.24%	0.34%	0.32%	0.29%	0.46%	0.58%	0.43%	0.45%	0.43%	0.47%
Research & Development	31.06M	28.45M	18.09M	15.42M	17.88M	21M	16.11M	14.36M	15.36M	12.41M
R&D % of Revenue	0.22%	0.22%	0.2%	0.18%	0.33%	0.41%	0.3%	0.28%	0.31%	0.26%
Other Operating Expenses	-8K	-73K	14K	781K	7.64M	23.93M	4.62M	2.2M	2M	602K
Operating Income+	-507K	-83.9M	-6.36M	-3.89M	-13.96M	-44.06M	-11.8M	-8.15M	-9.64M	-4.45M
Operating Margin %	-0%	-0.65%	-0.07%	-0.05%	-0.26%	-0.86%	-0.22%	-0.16%	-0.19%	-0.09%
Operating Income Growth %	-1.1%	-164.48%	0.92%	0.39%	-2.59%	-2.16%	0.73%	0.31%	-0.18%	0.54%
EBITDA+	3.15M	-80.7M	-3.57M	-1.27M	-5.83M	-36.81M	-5.83M	-4.12M	-5.77M	-1.8M
EBITDA Margin %	0.02%	-0.62%	-0.04%	-0.01%	-0.11%	-0.72%	-0.11%	-0.08%	-0.12%	-0.04%
EBITDA Growth %	-0.42%	-26.59%	0.96%	0.64%	-3.6%	-5.31%	0.84%	0.29%	-0.4%	0.69%
D&A (Non-Cash Add-back)	3.66M	3.19M	2.79M	2.62M	8.13M	7.25M	5.97M	4.03M	3.87M	2.65M
EBIT	-515K	-83.97M	-6.36M	-3.43M	-14.41M	-43.91M	-4.12M	-8.06M	-9.63M	-4.45M
Net Interest Income+	-55K	-42K	316K	1.05M	752K	107K	-34K	99K	26K	-120K
Interest Income	21K	67K	316K	1.05M	752K	137K	3K	99K	319K	0
Interest Expense	76K	109K	0	0	0	30K	37K	0	293K	120K
Other Income/Expense	-63K	-115K	316K	1.05M	752K	123K	7.64M	88K	-173K	-120K
Pretax Income+	-570K	-84.01M	-6.04M	-2.83M	-13.21M	-43.94M	-4.16M	-8.06M	-9.82M	-4.57M
Pretax Margin %	-0%	-0.65%	-0.07%	-0.03%	-0.24%	-0.86%	-0.08%	-0.15%	-0.2%	-0.09%
Income Tax+	27K	54K	42K	-156K	-3.48M	-1.92M	232K	184K	94K	380K
Effective Tax Rate %	-46.88%	1%	1.01%	0.94%	0.31%	0.88%	1.06%	1.02%	1.01%	1.08%
Net Income+	26.72M	-84.07M	-6.09M	-2.68M	-4.04M	-38.45M	-4.39M	-8.24M	-9.91M	-4.95M
Net Margin %	0.19%	-0.65%	-0.07%	-0.03%	-0.07%	-0.75%	-0.08%	-0.16%	-0.2%	-0.1%
Net Income Growth %	2.4%	-4.15%	0.93%	0.56%	-0.51%	-8.51%	0.89%	-0.88%	-0.2%	0.5%
Net Income (Continuing)	-597K	-84.07M	-6.09M	-2.68M	-9.73M	-42.02M	-4.39M	-8.24M	-9.91M	-4.95M
Discontinued Operations	0	0	0	0	5.69M	3.57M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.65	-1.79	-0.13	-0.06	-0.09	-0.83	-0.10	-0.19	-0.23	-0.11
EPS Growth %	2.55%	-3.75%	0.93%	0.57%	-0.58%	-8.34%	0.88%	-0.9%	-0.21%	0.52%
EPS (Basic)	0.65	-2.01	-0.14	-0.06	-0.09	-0.83	-0.10	-0.19	-0.23	-0.11
Diluted Shares Outstanding	46.4M	46.93M	47.77M	47.5M	45.46M	46.26M	43.92M	43.22M	42.62M	43.16M
Basic Shares Outstanding	41.17M	41.74M	42.71M	47.5M	45.46M	46.26M	43.92M	43.22M	42.62M	43.16M
Dividend Payout Ratio	0.06%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	135.69M	124.5M	121.09M	64.08M	62.42M	42.34M	37.51M	30.89M	23.81M	22.28M
Cash & Short-Term Investments	109.16M	103.95M	104.19M	45.23M	41.73M	33.85M	27.09M	20.47M	14.61M	12.77M
Cash Only	109.16M	103.95M	104.19M	45.23M	41.73M	33.85M	27.09M	20.47M	14.61M	12.77M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	24.75M	18.92M	14.86M	16.2M	7.53M	6.33M	8.02M	8.4M	7.39M	7.07M
Days Sales Outstanding	63.16	53.31	60.07	69.35	50.41	45.12	54.75	58.74	54.07	53.64
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	11.15M	0	630K	2.02M	1.8M	2.44M
Total Non-Current Assets+	69.31M	3.77M	2.73M	49.23M	62.08M	34.59M	28.31M	25.91M	23.67M	20.92M
Property, Plant & Equipment	5.78M	3.56M	2.4M	2.92M	8.8M	6.49M	5.05M	4.79M	4.03M	2.97M
Fixed Asset Turnover	24.75x	36.42x	37.54x	29.19x	6.19x	7.89x	10.58x	10.90x	12.39x	16.22x
Goodwill	63.3M	0	0	24.69M	32.33M	17.56M	17.56M	17.56M	17.56M	17.56M
Intangible Assets	222K	0	0	20.7M	19.48M	9.2M	4.71M	2.59M	602K	0
Long-Term Investments	0	0	0	575K	0	341K	0	0	0	0
Other Non-Current Assets	0	214K	326K	917K	1.47M	1M	986K	973K	1.48M	397K
Total Assets+	204.99M	128.27M	123.82M	113.31M	124.5M	76.93M	65.83M	56.79M	47.48M	43.2M
Asset Turnover	0.70x	1.01x	0.73x	0.75x	0.44x	0.67x	0.81x	0.92x	1.05x	1.11x
Asset Growth %	0.13%	-0.37%	-0.03%	-0.08%	0.1%	-0.38%	-0.14%	-0.14%	-0.16%	-0.09%
Total Current Liabilities+	16.86M	14.87M	32.73M	14.95M	17.55M	20.95M	12.67M	12.06M	9.72M	9.27M
Accounts Payable	9.46M	6.81M	4.93M	5.97M	618K	2.42M	1.36M	2.04M	1.53M	1.35M
Days Payables Outstanding	43.84	32.3	36.46	45.57	12.53	42.36	22.93	36.34	27.19	28.67
Short-Term Debt	0	0	0	0	0	5.12M	0	0	0	0
Deferred Revenue (Current)	692K	349K	313K	1000K	866K	0	0	1000K	1000K	1000K
Other Current Liabilities	0	0	21.91M	1.2M	10.4M	1.39M	2.02M	3.57M	3.29M	397K
Current Ratio	8.05x	8.37x	3.70x	4.29x	3.56x	2.02x	2.96x	2.56x	2.45x	2.40x
Quick Ratio	8.05x	8.37x	3.70x	4.29x	3.56x	2.02x	2.96x	2.56x	2.45x	2.40x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	662K	134K	1.09M	3.34M	7.12M	3.29M	1.65M	618K	1.89M	1.3M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	5.66M	3.14M	1.47M	385K	1.64M	721K
Deferred Tax Liabilities	0	0	0	1.53M	981K	0	0	233K	249K	579K
Other Non-Current Liabilities	662K	134K	1.09M	1.73M	473K	156K	186K	0	0	0
Total Liabilities	17.53M	15M	33.82M	18.29M	24.66M	24.24M	14.32M	12.68M	11.61M	10.57M
Total Debt+	0	0	0	0	7.16M	10.09M	3.26M	1.64M	2.1M	1.22M
Net Debt	-109.16M	-103.95M	-104.19M	-45.23M	-34.57M	-23.77M	-23.83M	-18.84M	-12.51M	-11.55M
Debt / Equity	-	-	-	-	0.07x	0.19x	0.06x	0.04x	0.06x	0.04x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-34.61x	-	-	-	-	-	-	-	-	-
Interest Coverage	-6.67x	-769.70x	-	-	-	-1468.60x	-318.81x	-	-32.91x	-37.06x
Total Equity+	187.47M	113.27M	90M	95.03M	99.84M	52.69M	51.5M	44.11M	35.87M	32.63M
Equity Growth %	0.2%	-0.4%	-0.21%	0.06%	0.05%	-0.47%	-0.02%	-0.14%	-0.19%	-0.09%
Book Value per Share	4.04	2.41	1.88	2.00	2.20	1.14	1.17	1.02	0.84	0.76
Total Shareholders' Equity	187.47M	113.27M	90M	95.03M	99.84M	52.69M	51.5M	44.11M	35.87M	32.63M
Common Stock	423K	433K	440K	423K	445K	414K	423K	434K	435K	439K
Retained Earnings	-163.52M	-247.58M	-253.71M	-256.2M	-260.24M	-298.69M	-303.08M	-311.32M	-321.23M	-326.18M
Treasury Stock	-238K	0	0	0	0	0	0	0	0	0
Accumulated OCI	-27.57M	-25.59M	-25.68M	-25.09M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.75M	-3.67M	1.69M	5.05M	5.09M	-3.37M	-6.34M	-2.29M	-4.39M	-1.1M
Operating CF Margin %	0.09%	-0.03%	0.02%	0.06%	0.09%	-0.07%	-0.12%	-0.04%	-0.09%	-0.02%
Operating CF Growth %	-0.43%	-1.29%	1.46%	1.99%	0.01%	-1.66%	-0.88%	0.64%	-0.92%	0.75%
Net Income	4.53M	-84.07M	-6.09M	-2.68M	-9.73M	-42.02M	-4.39M	-8.24M	-9.91M	-4.95M
Depreciation & Amortization	3.66M	3.19M	2.79M	2.6M	8.45M	7.25M	5.97M	4.03M	3.87M	2.65M
Stock-Based Compensation	10.03M	10.18M	4.6M	3.04M	0	3.83M	2.67M	2.65M	2.39M	1.71M
Deferred Taxes	0	0	0	-185K	-1.73M	-826K	-6K	43K	0	330K
Other Non-Cash Items	-1.18M	64.99M	226K	1.54M	1.99M	23.48M	-4.19M	906K	819K	-147K
Working Capital Changes	-4.28M	2.03M	165K	740K	6.12M	4.9M	-6.4M	-1.68M	-1.57M	-693K
Change in Receivables	999K	4.02M	3.84M	254K	36K	-80K	-2.13M	-1.28M	360K	469K
Change in Inventory	-309K	1.49M	-1.72M	-135K	0	0	0	0	0	0
Change in Payables	-4.08M	-2.61M	-1.96M	618K	-218K	1.79M	-1.05M	675K	-1.25M	-566K
Cash from Investing+	21.82M	-1.22M	-1.58M	-36.56M	-9.68M	981K	-951K	-2.87M	-1.31M	-429K
Capital Expenditures	-4.16M	-1M	-1.58M	-2.23M	-1.68M	-1.35M	-1.35M	-2.87M	-1.38M	-429K
CapEx % of Revenue	0.03%	0.01%	0.02%	0.03%	0.03%	0.03%	0.03%	0.05%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	25.25M	-238K	-15K	-577K	-79K	2.25M	59K	0	65K	0
Cash from Financing+	-5.45M	-312K	125K	-27.45M	1.89M	-5.49M	528K	-1.46M	-160K	-307K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.69M	0	0	-21.91M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	55K	53K	125K	136K	0	245K	0	-1.5M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.6M	-4.67M	115K	2.82M	3.41M	-4.73M	-7.69M	-5.16M	-5.77M	-1.53M
FCF Margin %	0.06%	-0.04%	0%	0.03%	0.06%	-0.09%	-0.14%	-0.1%	-0.12%	-0.03%
FCF Growth %	-0.55%	-1.54%	1.02%	23.55%	0.21%	-2.39%	-0.63%	0.33%	-0.12%	0.73%
FCF per Share	0.19	-0.10	0.00	0.06	0.08	-0.10	-0.18	-0.12	-0.14	-0.04
FCF Conversion (FCF/Net Income)	0.48x	0.04x	-0.28x	-1.89x	-1.26x	0.09x	1.44x	0.28x	0.44x	0.22x
Interest Paid	55K	37K	0	0	0	0	0	0	115K	124K
Taxes Paid	28K	24K	0	49K	0	35K	174K	55K	70K	63K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.55%	-55.91%	-5.99%	-2.89%	-4.15%	-50.41%	-8.43%	-17.25%	-24.78%	-14.44%
Return on Invested Capital (ROIC)	-0.49%	-143.61%	-	-16.38%	-18.2%	-70.16%	-31.26%	-23.08%	-29.74%	-15.01%
Gross Margin	44.92%	40.59%	45.36%	43.93%	66.96%	59.22%	59.43%	60.78%	58.76%	64.32%
Net Margin	18.68%	-64.89%	-6.74%	-3.14%	-7.42%	-75.06%	-8.21%	-15.8%	-19.86%	-10.28%
Debt / Equity	-	-	-	-	0.07x	0.19x	0.06x	0.04x	0.06x	0.04x
Interest Coverage	-6.67x	-769.70x	-	-	-	-1468.60x	-318.81x	-	-32.91x	-37.06x
FCF Conversion	0.48x	0.04x	-0.28x	-1.89x	-1.26x	0.09x	1.44x	0.28x	0.44x	0.22x
Revenue Growth	-21.7%	-9.42%	-30.3%	-5.58%	-36.08%	-6%	4.41%	-2.44%	-4.33%	-3.58%

Revenue by Segment

	2012	2013	2014	2015	2018	2019
Advertising	-	-	-	-	78.7M	102M
Advertising Growth	-	-	-	-	-	29.61%
Service Other	-	-	-	-	6.6M	4.1M
Service Other Growth	-	-	-	-	-	-37.88%
Call Driven	-	-	168.05M	139.89M	-	-
Call Driven Growth	-	-	-	-16.76%	-	-
Archeo	-	-	14.59M	3.13M	-	-
Archeo Growth	-	-	-	-78.57%	-	-
Partner And Other Revenue Sources	127.42M	141.62M	-	-	-	-
Partner And Other Revenue Sources Growth	-	11.15%	-	-	-	-
Proprietary Web Site Traffic Sources And Other Web Site Revenue	-	10.93M	-	-	-	-
Proprietary Web Site Traffic Sources And Other Web Site Revenue Growth	-	-	-	-	-	-
Proprietary Web Site Traffic Sources	10.89M	-	-	-	-	-
Proprietary Web Site Traffic Sources Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Marchex, Inc. (MCHX) reported $46.5M in revenue for fiscal year 2024. This represents a 68% decrease from $146.7M in 2011.

Marchex, Inc. (MCHX) saw revenue decline by 3.6% over the past year.

Marchex, Inc. (MCHX) reported a net loss of $4.8M for fiscal year 2024.

Dividend & Returns

Marchex, Inc. (MCHX) has a return on equity (ROE) of -14.4%. Negative ROE indicates the company is unprofitable.

Marchex, Inc. (MCHX) had negative free cash flow of $0.8M in fiscal year 2024, likely due to heavy capital investments.