E2open Parent Holdings, Inc.

CIK:0001800347|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 31, 2025	May 31, 2024
Revenue
Total revenue	$ 152,610	$ 151,163
Cost of Revenue
Amortization of acquired intangible assets	23,786	24,652
Total cost of revenue	79,019	78,503
Gross Profit	73,591	72,660
Operating Expenses
Research and development	23,354	24,797
Sales and marketing	20,173	20,996
General and administrative	21,415	23,343
Acquisition-related expenses	5,485	283
Amortization of acquired intangible assets	5,611	20,086
Total operating expenses	76,038	89,505
Loss from operations	(2,447)	(16,845)
Other income (expense)
Interest and other expense, net	(20,054)	(25,373)
Gain (loss) from change in tax receivable agreement liability	20,727	(3,974)
Gain from change in fair value of warrant liability	479	3,761
Loss from change in fair value of contingent consideration	(12,060)	(2,280)
Total other expense	(10,908)	(27,866)
Loss before income tax provision	(13,355)	(44,711)
Income tax (expense) benefit	(2,168)	1,923
Net loss	(15,523)	(42,788)
Less: Net loss attributable to noncontrolling interests	(1,397)	(3,926)
Net loss attributable to E2open Parent Holdings, Inc.	$ (14,126)	$ (38,862)
Weighted average common shares outstanding:
Basic	310,513	306,732
Diluted	310,513	306,732
Net loss attributable to E2open Parent Holdings, Inc. common shareholders per share:
Basic	$ (0.05)	$ (0.13)
Diluted	$ (0.05)	$ (0.13)
Subscriptions
Revenue
Total revenue	$ 132,870	$ 131,404
Cost of Revenue
Cost of revenue	38,385	37,099
Professional Services and Other
Revenue
Total revenue	19,740	19,759
Cost of Revenue
Cost of revenue	$ 16,848	$ 16,752

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 31, 2025	May 31, 2024	Feb. 28, 2025
Cash flows from operating activities
Net loss	$ (15,523)	$ (42,788)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	36,698	53,605
Amortization of deferred commissions	3,070	2,109
Provision for credit losses	272	151
Amortization of debt issuance costs	1,351	1,320
Amortization of operating lease right-of-use assets	1,400	1,722
Share-based compensation	11,251	11,787
Deferred income taxes	(3,296)	(5,972)
Right-of-use assets impairment charge	305	0
(Gain) loss from change in tax receivable agreement liability	(20,727)	3,974
Gain from change in fair value of warrant liability	(479)	(3,761)
Loss from change in fair value of contingent consideration	12,060	2,280
(Gain) loss on disposal of property and equipment	(8)	79
Changes in operating assets and liabilities:
Accounts receivable	24,980	50,047
Prepaid expenses and other current assets	(1,639)	(3,905)
Other noncurrent assets	(2,894)	(2,544)
Accounts payable and accrued liabilities	7,466	(10,702)
Channel client deposits payable	(4,967)	1,177
Deferred revenue	(12,134)	(26,403)
Changes in other liabilities	4,609	3,740
Net cash provided by operating activities	41,795	35,916
Cash flows from investing activities
Capital expenditures	(7,326)	(6,084)
Net cash used in investing activities	(7,326)	(6,084)
Cash flows from financing activities
Repayments of indebtedness	(2,813)	(2,808)
Repayments of financing lease obligations	(547)	(353)
Proceeds from exercise of stock options	0	155
Payments of debt issuance costs	(536)	0
Net cash used in financing activities	(3,896)	(3,006)
Effect of exchange rate changes on cash and cash equivalents	(2,693)	76
Net increase in cash, cash equivalents and restricted cash	27,880	26,902
Cash, cash equivalents and restricted cash at beginning of period	212,135	149,038	$ 149,038
Cash, cash equivalents and restricted cash at end of period	240,015	175,940	212,135
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	230,197	160,203	197,350
Restricted cash	9,818	15,737
Total cash, cash equivalents and restricted cash	$ 240,015	$ 175,940	$ 212,135

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2025	Feb. 28, 2025
Assets
Cash and cash equivalents	$ 230,197	$ 197,350
Restricted cash	9,818	14,785
Accounts receivable, net of allowance	108,184	133,436
Prepaid expenses and other current assets	35,729	34,025
Total current assets	383,928	379,596
Goodwill	1,243,848	1,213,794
Intangible assets, net	647,513	673,026
Property and equipment, net	60,927	61,278
Operating lease right-of-use assets	12,869	14,977
Other noncurrent assets	28,724	28,364
Total assets	2,377,809	2,371,035
Liabilities, Redeemable Share-Based Awards and Stockholders' Equity [Abstract]
Accounts payable and accrued liabilities	85,372	74,829
Channel client deposits payable	9,818	14,785
Deferred revenue	203,117	216,740
Current portion of tax receivable agreement liability	42,709	4,158
Current portion of notes payable	11,223	11,264
Current portion of operating lease obligations	5,807	6,146
Current portion of financing lease obligations	2,025	2,143
Income taxes payable	6,213	3,337
Total current liabilities	366,284	333,402
Long-term deferred revenue	3,026	1,536
Operating lease obligations	9,025	10,838
Financing lease obligations	2,740	3,170
Notes payable	1,029,604	1,031,180
Tax receivable agreement liability	0	59,277
Warrant liability	103	582
Contingent consideration	17,188	5,128
Deferred taxes	48,369	48,104
Other noncurrent liabilities	646	648
Total liabilities	1,476,985	1,493,865
Commitments and Contingencies (Note 24)
Redeemable share-based awards	167	191
Stockholders' Equity
Additional paid-in capital	3,452,223	3,444,584
Accumulated other comprehensive loss	(32,273)	(63,835)
Accumulated deficit	(2,547,659)	(2,533,533)
Treasury stock, at cost: 176,654 shares as of May 31, 2025 and February 28, 2025	(2,473)	(2,473)
Total E2open Parent Holdings, Inc. equity	869,849	844,774
Noncontrolling interest	30,808	32,205
Total stockholders' equity	900,657	876,979
Total liabilities, redeemable share-based awards and stockholders' equity	2,377,809	2,371,035
Class A ordinary shares
Stockholders' Equity
Common stock	31	31
Class V common stock
Stockholders' Equity
Common stock	0	0
Series B-1 common stock
Stockholders' Equity
Common stock	0	0
Series B-2 common stock
Stockholders' Equity
Common stock	$ 0	$ 0