10-QServices-Business Services, NEC

ETSY, INC

ETSY · Period ending 2026-03-31 · Filed 2026-04-29

Valuation

Services-Business Services, NEC
Live · Yahoo Finance

Price

$68.83

52-Week Range

$44.00$68.83 now$76.52

Decision Context

Altman Z-Score indicates financial distress risk. Review debt levels and cash runway before any position sizing decision.

Based on filing period ending Mar 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

ETSY vs

Macro Context

SWOT Analysis — ETSY

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

Strengths

  • Revenue: $441.2M (+20.9% YoY) — Revenue grew 21% — the company sold more goods or services than the prior year.

  • Total Assets: $2.8B (+16.9% YoY) — Total assets grew 17% — the company's resource base expanded.

Weaknesses

  • Net Income: $163.0M (-46.3% YoY) — Profit fell 46% but remained positive.

  • EPS (Diluted): $1.39 (-40.9% YoY) — Earnings per share fell 41%.

  • Operating Cash Flow: $693.4M (-7.8% YoY) — Operating cash flow fell 8% but remained positive.

  • R&D spending is 102% of revenue — heavy investment in future growth, but also a drag on current profitability.

Opportunities

No clear opportunities identified at this time.

Threats

  • Total liabilities are 139% of total assets — the balance sheet is heavily leveraged with limited equity cushion.

  • Net income dropped 46% year-over-year — a significant compression in profitability.

  • Gross margin compressed by 89.1pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Operating Cash Flow

Year-over-Year Changes

Net Income

$163.0M

was $303.3M

−46.3%

Profit fell 46% but remained positive.

EPS (Diluted)

$1.39

was $2.35

−40.9%

Earnings per share fell 41%.

Revenue

$441.2M

was $365.0M

+20.9%

Revenue grew 21% — the company sold more goods or services than the prior year.

Total Assets

$2.8B

was $2.4B

+16.9%

Total assets grew 17% — the company's resource base expanded.

Operating Cash Flow

$693.4M

was $752.5M

−7.8%

Operating cash flow fell 8% but remained positive.

Risk Flags

1 high · 2 medium · 1 low
  • High

    Total liabilities are 139% of total assets — the balance sheet is heavily leveraged with limited equity cushion.

  • Medium

    Net income dropped 46% year-over-year — a significant compression in profitability.

  • Medium

    Gross margin compressed by 89.1pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • Low

    R&D spending is 102% of revenue — heavy investment in future growth, but also a drag on current profitability.

Price History

Technical Signals

Daily closes · 1-year data

Latest News

via Finnhub

Get the weekly digest

5 company reports + macro context every week, free. No spam.

  • Unlimited goal simulations
  • 5 free company report summaries per day
  • Weekly financial insights newsletter

External Links

Trade ETSY

Links open broker research pages. Not an endorsement or recommendation.

Research ETSY, INC

Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.