An "intangible asset" is an asset that has a significant value but has no physical presence and provides a company with long-term financial value. Identifiable intangible assets are those that can be individually marketed by the business, can be separated from other assets, and can be identified. Intellectual property, such as patents, trademarks, and copyrights, as well as non-cash government grants, like airport landing rights or broadcasting licenses, are examples of identifiable intangible assets. A trademark is a sign that can be used to distinguish one company's goods or services from those of other businesses. For trademarks, intellectual property rights offer protection. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Coupa Software’s gross value of intangible assets surged from $476.5 million in FY2021 to $486.9 million in FY2022, an increase of 2.2%. In FY2022, the company's net value of intangible assets was $510.7 million. Trademarks and developed technology accounted for $2.4 million and $484.5 million respectively, based on the company's calculation of the fair value of identified intangible assets. The company's amortization expense for intangible assets was $133.5 million in FY2022.
The cost of subscription grew marginally from $147.4 million in FY2021 to $209.8 million in FY2022, an increase of $62.4 million or 42%. The increase in the cost of subscription was primarily due to an increase of $27.7 million in amortization of developed technology assets related to acquisitions.
The company’s trademarks grew from $1 million in FY2020 to $2.4 million in FY2022. Amortization expense related to software development costs was approximately $9.9 million. Amortization expense related to other intangible assets was approximately $62.9 million, and $24.0 million for the years ended January 31, 2021, and 2020, respectively.
Coupa Software Inc (Coupa) is a provider of cloud-based business spend management (BSM) platforms for enterprises. It offers business spend management solutions through its Coupa BSM platform. The Coupa platform comprises procurement, invoicing, pay and expense management modules that form its transactional engine and capture a business spend. The company offers its services to various industries, including automotive, financial services, food and beverage, healthcare, information technology, manufacturing, oil and gas, and public sector undertakings.
United States of America
United States of America
United States of America
United States of America
United States of America
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Japan
Japan
United States of America
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