Financials

Estimates*

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Revenues, earnings & profits over time
USD2016201720182019202020212022
Revenues-482m538m577m741m862m926m
% growth--12 %7 %28 %16 %7 %
EBITDA-(37.0m)12.0m28.0m113m335m388m
% EBITDA margin-(8 %)2 %5 %15 %39 %42 %
Profit-(61.0m)(33.0m)(4.0m)(40.0m)(22.0m)7.0m
% profit margin-(13 %)(6 %)(1 %)(5 %)(3 %)1 %
EV / revenue-4.2x5.5x6.0x5.3x--
EV / EBITDA--55.3x246.3x123.4x35.0x--
R&D budget70.4m79.2m105m129m---
R&D % of revenue-16 %19 %22 %---

Source: Dealroom estimates

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DateInvestorsAmountRound

$32.0m

Series D

$12.7m

Series E
N/A

$137m

IPO

$300m

Post IPO Equity

$5.2b

Valuation: $5.2b

7.0x EV/LTM Revenues

46.0x EV/LTM EBITDA

Buyout
Total Funding€40.6m

Recent News about Cornerstone OnDemand

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More about Cornerstone OnDemandinfo icon
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Cornerstone OnDemand is a dynamic player in the Human Capital Management (HCM) market, offering a comprehensive platform designed to enhance workforce management through advanced technology. The company provides an end-to-end, AI-powered system that focuses on skills development and personalized talent experiences. This platform is particularly beneficial for organizations looking to bridge skills gaps and improve workforce readiness.

Cornerstone serves a diverse range of clients across various industries, including the public sector, financial services, healthcare, life sciences, manufacturing, higher education, and nonprofits. These clients benefit from Cornerstone's ability to adapt to industry-specific needs, such as regulatory compliance in healthcare or risk minimization in financial services.

The company's business model revolves around a Software-as-a-Service (SaaS) approach, where clients subscribe to access its platform. This model ensures a steady stream of recurring revenue, as clients pay for ongoing access to the software and its updates. Cornerstone makes money primarily through these subscription fees, but it also offers additional services like content curation and compliance management, which can be tailored to meet specific client needs.

Cornerstone's platform leverages AI innovations to provide personalized experiences and deeper insights into workforce management. This includes tools for content discovery, skills building, and compliance management. By using AI, the platform can offer more adaptive and responsive solutions, helping organizations to be more agile and better prepared for future challenges.

In summary, Cornerstone OnDemand is a leading provider of HCM solutions, helping organizations across various industries to manage and develop their workforce more effectively through an AI-powered, subscription-based platform.

Keywords: HCM, AI-powered, skills development, SaaS, compliance, content curation, workforce agility, personalized experiences, industry-specific, subscription model.

Tech stack

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Investments analysisEdit

Investments by Cornerstone OnDemand

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Saba
ACQUISITION by Cornerstone OnDemand Feb 2020
Sonar6
ACQUISITION by Cornerstone OnDemand Mar 2012
Rallyteam
ACQUISITION by Workday Jun 2018
SumTotal Systems
ACQUISITION by Cornerstone OnDemand Jun 2022
Clustree
ACQUISITION by Cornerstone OnDemand Jan 2020
Portfolium
ACQUISITION by Instructure Feb 2019
Codewars
ACQUISITION by Andela Mar 2023
Evolv
ACQUISITION by Cornerstone OnDemand Oct 2014
Workpop
ACQUISITION by Cornerstone OnDemand Sep 2018
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