GoDaddy Inc.
Business
GoDaddy Inc. provides domain name registration, web hosting, website building, commerce, marketing and productivity solutions that enable individuals, small businesses, developers, designers and domain investors to establish and grow online identities. It offers products including domain registrations and aftermarket services, Websites + Marketing, Managed WordPress and WooCommerce, GoDaddy Payments and Smart Terminal POS, digital marketing, email and productivity solutions, hosting, security and AI-powered Airo tools. The company manages two reportable segments—Applications and Commerce and Core Platform—covering proprietary software, commerce and domain/hosting services and registry offerings. GoDaddy distributes and supports customers via its online platform, mobile apps, marketplace integrations, reseller and registry partnerships and global customer care across more than 200 markets.
Summary from filing dated 2025-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4,951 | 4,573 | 4,254 | 4,091 | 3,816 | |
| Cost of revenue (excluding depreciation and amortization) | 1,802 | 1,652 | 1,574 | 1,485 | 1,372 | |
| Technology and development | 842 | 814 | 840 | 794 | 706 | |
| Marketing and advertising | 375 | 357 | 353 | 412 | 504 | |
| Customer care | 289 | 288 | 305 | 306 | 306 | |
| General and administrative | 389 | 394 | 374 | 386 | 346 | |
| Restructuring and other | 11 | 39 | 91 | 16 | −300,000 | |
| Depreciation and amortization | 117 | 135 | 171 | 195 | 200 | |
| Total costs and operating expenses | 3,824 | 3,680 | 3,707 | 3,593 | 3,434 | |
| Operating income | 1,127 | 894 | 547 | 499 | 382 | |
| Interest expense | −151 | −158 | −179 | −146 | — | |
| Gain (loss) on debt extinguishment | 1 | −5 | −2 | −4 | 0 | |
| Other income (expense), net | 42 | 35 | 37 | 8 | −3 | |
| Income before income taxes | 1,020 | 765 | 404 | 357 | 254 | |
| Benefit (provision) for income taxes | −145 | 172 | 972 | −4 | −11 | |
| Net income | 875 | 937 | 1,376 | 353 | 243 | |
| Less: net income attributable to non-controlling interests | 0 | 0 | 800,000 | 700,000 | 500,000 | |
| Net income | 875 | 937 | 1,375 | 352 | 242 | |
| Basic (in USD per share) | 6.34 | 6.63 | 9.27 | — | — | |
| Diluted (in USD per share) | 6.22 | 6.45 | 9.08 | — | — | |
| Basic (in shares) | 138 | 141 | 148 | — | — | |
| Diluted (in shares) | 141 | 145 | 151 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,081 | 1,089 | 459 | 774 | 1,256 | |
| Accounts and other receivables | 83 | 91 | 77 | 60 | 64 | |
| Registry deposits | 44 | 35 | 37 | 41 | 41 | |
| Prepaid domain name registry fees | 512 | 492 | 466 | 436 | 420 | |
| Prepaid expenses and other current assets | 121 | 245 | 177 | 272 | — | |
| Total current assets | 1,841 | 1,952 | 1,256 | 1,583 | 1,890 | |
| Property and equipment, net | 145 | 156 | 185 | 226 | 220 | |
| Operating lease assets | 42 | 49 | 61 | 84 | 109 | |
| Prepaid domain name registry fees, net of current portion | 241 | 225 | 209 | 197 | 181 | |
| Goodwill | 3,633 | 3,519 | 3,569 | 3,537 | 3,541 | |
| Intangible Assets, Net (Excluding Goodwill) | 986 | 1,056 | 1,159 | 1,252 | 1,385 | |
| Deferred tax assets | 1,053 | 1,182 | 1,020 | 5 | — | |
| Other assets | 93 | 97 | 106 | 90 | 91 | |
| Total assets | 8,035 | 8,235 | 7,565 | 6,974 | 7,417 | |
| Accounts payable | 68 | 82 | 148 | 131 | 85 | |
| Accrued expenses and other current liabilities | 529 | 379 | 442 | 357 | 437 | |
| Deferred revenue | 2,384 | 2,222 | 2,075 | 1,954 | 1,890 | |
| Long-term debt | 15 | 16 | 18 | 18 | 24 | |
| Total current liabilities | 2,996 | 2,698 | 2,683 | 2,460 | 2,437 | |
| Deferred revenue, net of current portion | 935 | 883 | 802 | 770 | 743 | |
| Long-term debt, net of current portion | 3,765 | 3,779 | 3,799 | 3,813 | 3,858 | |
| Operating lease liabilities, net of current portion | 62 | 77 | 90 | 117 | 143 | |
| Other long-term liabilities | 58 | 86 | 91 | 87 | 78 | |
| Deferred tax liabilities | 5 | 20 | 38 | 56 | 75 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Class A common stock, $0.001 par value - 1,000,000 shares authorized; 141,208 and 142,051 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 100,000 | 100,000 | — | — | — | |
| Additional paid-in capital | 2,975 | 2,612 | 2,272 | 1,913 | 1,595 | |
| Accumulated deficit | −2,789 | −2,052 | −2,321 | −2,423 | −1,475 | |
| Accumulated other comprehensive income | 29 | 133 | 111 | 178 | −39 | |
| Total stockholders' equity | 215 | 692 | 62 | −332 | 82 | |
| Total liabilities and stockholders' equity | 8,035 | 8,235 | 7,565 | 6,974 | 7,417 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Equity-based compensation | 318 | 300 | 296 | 264 | 208 | |
| Deferred taxes | 157 | −190 | −993 | −18 | −16 | |
| Other | 30 | 44 | 67 | 77 | 31 | |
| Prepaid domain name registry fees | −35 | −42 | −42 | −35 | −38 | |
| Accounts payable | −15 | −66 | 28 | 35 | 34 | |
| Accrued expenses and other current liabilities | 3 | 300,000 | 56 | 11 | 41 | |
| Deferred revenue | 207 | 235 | 149 | 102 | 191 | |
| Other operating assets and liabilities | −57 | −67 | −61 | −32 | −85 | |
| Net cash provided by operating activities | 1,599 | 1,288 | 1,048 | 980 | 829 | |
| Maturities (purchases) of short-term investments | 0 | 40 | — | 0 | 0 | |
| Maturities (purchases) of short-term investments | — | 40 | −40 | 0 | — | |
| Purchases of intangible assets | 0 | 0 | −35 | −400,000 | −202 | |
| Purchases of property and equipment | −24 | −27 | −42 | −60 | −51 | |
| Other investing activities, net | −1 | 8 | 15 | 600,000 | 25 | |
| Net cash provided by (used in) investing activities | −25 | 22 | −102 | −132 | −636 | |
| Issuance of term loans | 0 | 4,215 | 1,760 | 1,725 | 0 | |
| Issuance of Class A common stock under employee stock purchase plan | 31 | 32 | 30 | 30 | 31 | |
| Repurchases of Class A common stock | −1,602 | −677 | −1,270 | −1,295 | −526 | |
| Repayment of term loans | −25 | −4,237 | −1,786 | −1,790 | −32 | |
| Other financing activities | 9 | −10 | 5 | — | — | |
| Net cash used in financing activities | −1,587 | −677 | −1,262 | −1,327 | 298 | |
| Effect of exchange rate changes on cash and cash equivalents | 5 | −2 | 1 | −3 | −1 | |
| Net increase (decrease) in cash and cash equivalents | −8 | 630 | −315 | −482 | 491 | |
| Interest on long-term debt, including impact of interest rate swaps | 140 | 150 | 170 | 127 | 104 | |
| Amounts included in the measurement of operating lease liabilities | 35 | 40 | 44 | 50 | 54 | |
| Operating lease assets obtained in exchange for operating lease obligations | 2 | 12 | 8 | 15 | 15 |