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Model N (MODN) Revenue & Revenue Breakdown

OverviewForecastFinancialsChartTranscripts

Model N Revenue Highlights

Latest Revenue (Y)

$249.46M

Latest Revenue (Q)

$65.11M

Main Segment (Y)

License and Service

Model N Revenue by Period

Model N Revenue by Year

DateRevenueChange
2023-09-30$249.46M13.82%
2022-09-30$219.16M13.30%
2021-09-30$193.44M20.11%
2020-09-30$161.06M14.03%
2019-09-30$141.24M-8.66%
2018-09-30$154.63M17.89%
2017-09-30$131.17M22.62%
2016-09-30$106.97M14.08%
2015-09-30$93.77M14.69%
2014-09-30$81.76M-19.77%
2013-09-30$101.90M20.94%
2012-09-30$84.26M29.29%
2011-09-30$65.17M29.20%
2010-09-30$50.44M-

Model N generated $249.46M in revenue during NA 2023, up 13.82% compared to the previous quarter, and up 161.33% compared to the same period a year ago.

Model N Revenue by Quarter

DateRevenueChange
2024-03-31$65.11M2.55%
2023-12-31$63.49M-0.75%
2023-09-30$63.97M0.37%
2023-06-30$63.74M1.81%
2023-03-31$62.60M5.83%
2022-12-31$59.15M1.69%
2022-09-30$58.17M3.56%
2022-06-30$56.17M5.43%
2022-03-31$53.28M3.37%
2021-12-31$51.54M0.12%
2021-09-30$51.48M0.87%
2021-06-30$51.04M5.91%
2021-03-31$48.19M12.77%
2020-12-31$42.73M3.07%
2020-09-30$41.46M0.49%
2020-06-30$41.26M3.26%
2020-03-31$39.95M4.07%
2019-12-31$38.39M4.88%
2019-09-30$36.60M5.45%
2019-06-30$34.71M-0.38%
2019-03-31$34.84M-0.67%
2018-12-31$35.08M-4.46%
2018-09-30$36.71M-7.33%
2018-06-30$39.62M0.98%
2018-03-31$39.23M0.43%
2017-12-31$39.07M9.72%
2017-09-30$35.60M3.97%
2017-06-30$34.24M2.97%
2017-03-31$33.26M18.51%
2016-12-31$28.06M-1.56%
2016-09-30$28.51M2.12%
2016-06-30$27.92M7.13%
2016-03-31$26.06M6.42%
2015-12-31$24.49M-3.52%
2015-09-30$25.38M7.50%
2015-06-30$23.61M4.12%
2015-03-31$22.68M2.60%
2014-12-31$22.10M8.99%
2014-09-30$20.28M5.24%
2014-06-30$19.27M-6.69%
2014-03-31$20.65M-4.22%
2013-12-31$21.56M-22.33%
2013-09-30$27.76M1.87%
2013-06-30$27.25M10.95%
2013-03-31$24.56M9.93%
2012-12-31$22.34M-3.65%
2012-09-30$23.19M1.82%
2012-06-30$22.77M12.51%
2012-03-31$20.24M12.09%
2011-12-31$18.06M-

Model N generated $65.11M in revenue during Q2 2024, up 2.55% compared to the previous quarter, and up 110.07% compared to the same period a year ago.

Model N Revenue Breakdown

Model N Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceSep 23Sep 22Sep 21Sep 20Sep 19
License and Service$181.35M$159.77M$142.45M$116.18M$35.22M
Professional Services$68.11M$59.40M$51.00M$44.87M$30.91M

Model N's latest annual revenue breakdown by segment (product or service), as of Sep 23: License and Service (72.70%), and Professional Services (27.30%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Professional Services$15.93M$15.84M$17.54M$17.95M$17.68M$14.94M$15.29M$15.62M$15.04M$13.45M$13.32M$14.13M$12.25M$11.30M$11.79M$11.92M$10.96M$10.21M$7.98M-
License and Service$49.18M$47.66M$46.42M$45.79M$44.92M$44.21M$42.88M$40.55M$38.24M$38.09M$38.16M$36.91M$35.94M$31.43M$29.67M$29.34M$28.99M$28.18M$8.97M$8.66M

Model N's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: License and Service (75.54%), and Professional Services (24.46%).

Model N Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PLUSePlus$2.21B$147.99M
PRGSProgress Software$694.44M$178.69M
PYCRPaycor HCM$654.95M$167.48M
CWANClearwater Analytics$368.17M$115.83M
MLNKMeridianLink$303.62M$80.37M
ENFNEnfusion$174.53M$51.17M
ONTFON24$163.71M$37.35M
EXFYExpensify$150.69M$35.41M
CCRDCoreCard$56.00M$15.70M

MODN Revenue FAQ

What is Model N’s yearly revenue?

Model N's yearly revenue for 2023 was $249.46M, representing an increase of 13.82% compared to 2022. The company's yearly revenue for 2022 was $219.16M, representing an increase of 13.30% compared to 2021. MODN's yearly revenue for 2021 was $193.44M, representing an increase of 20.11% compared to 2020.

What is Model N’s quarterly revenue?

Model N's quarterly revenue for Q2 2024 was $65.11M, a 2.55% increase from the previous quarter (Q1 2024), and a 4.00% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $63.49M, a -0.75% decrease from the previous quarter (Q4 2023), and a 7.33% increase year-over-year (Q1 2023). MODN's quarterly revenue for Q4 2023 was $63.97M, a 0.37% increase from the previous quarter (Q3 2023), and a 9.97% increase year-over-year (Q4 2022).

What is Model N’s revenue growth rate?

Model N's revenue growth rate for the last 3 years (2021-2023) was 28.96%, and for the last 5 years (2019-2023) was 76.63%.

What are Model N’s revenue streams?

Model N's revenue streams in p 23 are License and Service, and Professional Services. License and Service generated $181.35M in revenue, accounting 72.70% of the company's total revenue, up 13.51% year-over-year. Professional Services generated $68.11M in revenue, accounting 27.30% of the company's total revenue, up 14.67% year-over-year.

What is Model N’s main source of revenue?

For the fiscal year ending Sep 23, the largest source of revenue of Model N was License and Service. This segment made a revenue of $181.35M, representing 72.70% of the company's total revenue.