Blue Apron Holdings Inc Stock Research

Market Summary

USD0.80+0.04

Delayed

5.30%

APRN Stock Price

APRN RSI Chart

APRN Valuation

Market Cap

27.9M

Price/Earnings (Trailing)

-0.25

Price/Sales (Trailing)

0.06

EV/EBITDA

-0.28

Price/Free Cashflow

-0.29

APRN Price/Sales (Trailing)

APRN Profitability

EBT Margin

-24.79%

Return on Equity

-402.09%

Return on Assets

-61.78%

Free Cashflow Yield

-342.02%

APRN Fundamentals

APRN Revenue

Revenue (TTM)

458.7M

Revenue Y/Y

0.01%

Revenue Q/Q

-11.73%

APRN Earnings

Earnings (TTM)

-113.8M

Earnings Y/Y

6.82%

Earnings Q/Q

-11.36%

Price Action

52 Week Range

0.618.22

(Low)(High)

Last 7 days

-8.4%

Last 30 days

-23.4%

Last 90 days

4.1%

Trailing 12 Months

-83.0%

APRN Financial Health

Current Ratio

0.98

Debt/Equity

0.97

Debt/Cashflow

-3.27

APRN Investor Care

Shares Dilution (1Y)

47.00%

Diluted EPS (TTM)

-3.51

Peers (Alternatives to Blue Apron Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMZN	1.0T	514.0B	-3.36%	-34.72%	-376.42	1.99	9.40%	-108.16%
EBAY	22.3B	9.8B	-16.60%	-24.00%	-17.61	2.28	-6.00%	-109.33%
CHWY	16.4B	9.8B	-18.25%	2.53%	-799.92	1.68	14.45%	-288.94%
ETSY	13.1B	2.6B	-22.27%	-16.19%	-18.81	5.09	11.73%	-479.56%
MID-CAP
W	3.4B	12.2B	-38.59%	-71.37%	-2.59	0.28	-10.87%	-916.03%
SMALL-CAP
RVLV	1.8B	1.1B	-6.10%	-43.07%	30.84	1.64	23.56%	-41.21%
OSTK	804.2M	1.9B	-18.63%	-60.96%	-22.82	0.42	-30.01%	-109.05%
SFIX	588.8M	1.8B	13.29%	-47.53%	-1.99	0.32	-16.43%	-882.41%
PETS	385.7M	260.5M	-10.71%	-29.92%	33.83	1.48	-6.68%	-47.81%
LE	266.3M	1.6B	-19.84%	-56.10%	-125.5	0.17	-2.37%	-104.59%
REAL	127.8M	603.5M	-19.25%	-80.12%	-0.65	0.21	29.04%	16.80%
APRN	27.9M	458.7M	-23.41%	-83.03%	-0.25	0.06	-4.21%	-54.13%
IMBI	15.6M	453.2M	-31.12%	-90.54%	-0.35	0.03	-5.99%	-122.89%

Financials for Blue Apron Holdings

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	0.0%	458,660,000	458,649,000	458,422,000	470,377,000	478,828,000
S&GA Expenses	1.1%	155,599,000	153,856,000	152,148,000	145,442,000	145,437,000
EBITDA	1.0%	-85,885,000	-86,776,000	-82,116,000	-59,146,000	-45,090,000
EBITDA Margin	1.0%	-0.19	-0.19	-0.18	-0.13	-0.09
Earnings Before Taxes	1.6%	-113,687,000	-115,583,000	-111,091,000	-88,358,000	-73,778,000
EBT Margin	1.6%	-0.25	-0.25	-0.24	-0.19	-0.15
Interest Expenses	-12.2%	6,123,000	6,971,000	6,988,000	7,009,000	6,245,000
Net Income	1.6%	-113,759,000	-115,645,000	-111,109,000	-88,381,000	-73,805,000
Net Income Margin	1.6%	-0.25	-0.25	-0.24	-0.19	-0.15
Free Cahsflow	-5.7%	-95,363,000	-90,257,000	-70,461,000	-54,039,000	-34,020,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-14.8%	184	216	212	232	188
Current Assets	-26.6%	80.00	109	103	120	71.00
Cash Equivalents	-42.7%	31.00	54.00	56.00	82.00	35.00
Net PPE	-3.0%	97.00	100	104	108	113
Liabilities	-4.8%	156	164	159	152	154
Current Liabilities	-8.5%	82.00	89.00	86.00	79.00	77.00
Long Term Debt	0.7%	27.00	27.00	29.00	30.00	-
LT Debt, Current	-83.7%	1.00	4.00	4.00	-	-
LT Debt, Non Current	0.5%	27.00	27.00	28.00	26.00	26.00
Shareholder's Equity	-46.0%	28.00	52.00	53.00	80.00	34.00
Retained Earnings	-3.5%	-753	-728	-704	-666	-640
Additional Paid-In Capital	0.2%	782	780	758	747	674
Shares Outstanding	2.3%	35.00	34.00	32.00	24.00	-

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-5.2%	-89,662	-85,204	-65,809	-48,962	-28,720
Share Based Compensation	-9.9%	7,452	8,273	9,553	9,699	9,750
Cashflow From Investing	-13.4%	-5,480	-4,833	-3,240	-3,666	-3,893
Cashflow From Financing	-2.4%	90,883	93,074	95,276	90,383	9,219

Risks for APRN

What is the probability of a big loss on APRN?

100%

Probability that Blue Apron Holdings stock will be more than 20% underwater in next one year

100%

Probability that Blue Apron Holdings stock will be more than 30% underwater in next one year.

100%

Probability that Blue Apron Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does APRN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Blue Apron Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for APRN

Cumulative Returns on APRN

-52.8%

5-Year Cumulative Returns

-30.8%

3-Year Cumulative Returns

What are the long-term rolling returns for APRN?

FIve years rolling returns for Blue Apron Holdings.

Annualized Returns

Which funds bought or sold APRN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-06	Rockefeller Capital Management L.P.	new	-	-	-	-%
2023-02-15	Virtu Financial LLC	new	-	159,000	159,000	0.02%
2023-02-15	JANE STREET GROUP, LLC	added	24.21	-438,002	94,998	-%
2023-02-14	Vontobel Holding Ltd.	new	-	66,400	66,400	-%
2023-02-14	EAM Investors, LLC	sold off	-100	-1,114,000	-	-%
2023-02-14	TWO SIGMA SECURITIES, LLC	new	-	42,176	42,176	-%
2023-02-14	Lombard Odier Asset Management (USA) Corp	sold off	-100	-615,000	-	-%
2023-02-14	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	345	-134,810	240,190	-%
2023-02-14	Engineers Gate Manager LP	reduced	-1.31	-89,329	14,671	-%
2023-02-14	NewEdge Advisors, LLC	new	-	-	-	-%

Latest Funds Activity

Are funds buying APRN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own APRN

No. of Funds

Blue Apron Holdings News

Schedule 13G FIlings of Blue Apron Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	ubs oconnor llc	15.83%	6,265,813	SC 13G
Jan 31, 2023	salzberg matthew b	0.01%	424,360	SC 13G/A
Sep 07, 2022	wolf hill capital management, lp	3.61%	1,166,004	SC 13G/A
Sep 07, 2022	sanberg joseph n.	51.33%	27,623,755	SC 13D/A
May 02, 2022	sanberg joseph n.	43.2%	19,290,422	SC 13D/A
Apr 21, 2022	wolf hill capital management, lp	10.6%	3,419,391	SC 13G/A
Feb 15, 2022	sanberg joseph n.	32.9%	12,315,349	SC 13D/A
Feb 09, 2022	salzberg matthew b	9.9%	3,150,363	SC 13G/A
Jan 21, 2022	dph holdings ltd	9.5%	3e+06	SC 13G/A
Jan 19, 2022	wolf hill capital management, lp	6.1%	1,927,044	SC 13G

APRN Fair Value

Blue Apron Holdings fair value in different scenarios

The table shows the Fair Value estimates for Blue Apron Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.35 -56.25%	0.60 -25.00%	1.08 35.00%	2.01 151.25%	2.89 261.25%
Current Inflation	0.34 -57.50%	0.58 -27.50%	1.04 30.00%	1.91 138.75%	2.72 240.00%
Very High Inflation	0.32 -60.00%	0.55 -31.25%	0.98 22.50%	1.77 121.25%	2.52 215.00%

Historical Blue Apron Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Blue Apron Holdings

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	10-K	Annual Report
Mar 16, 2023	8-K	Current Report
Mar 16, 2023	8-K	Current Report
Mar 09, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading

Latest Insider Trading transactions for APRN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-07	Shah Amit	acquired	-	-	2,945	-
2023-02-28	Krechmer Irina	sold	-3,442	0.8375	-4,110	chief technology officer
2023-02-28	Findley Linda	sold	-9,618	0.8375	-11,485	president and ceo
2023-02-28	Leitgeb Terri	sold	-777	0.8375	-928	chief people officer
2023-02-28	Deutsch Meredith L	sold	-2,777	0.8375	-3,316	general counsel & corp. sec'y
2023-02-25	Deutsch Meredith L	acquired	-	-	6,848	general counsel & corp. sec'y
2023-02-25	Findley Linda	acquired	-	-	23,874	president and ceo
2023-02-25	Krechmer Irina	acquired	-	-	8,495	chief technology officer
2023-02-25	Leitgeb Terri	acquired	-	-	2,677	chief people officer
2022-11-28	Findley Linda	sold	-10,419	1.0224	-10,191	president and ceo

About Blue Apron Holdings

Linda F. Kozlowski

1990

Blue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles, and empty nesters. The company offers its services through order selections on Website or mobile application primarily in the United States. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York.

APRN Income Statement

2022-09-30

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Operations
Net revenue	$ 109,665	$ 109,654	$ 351,653	$ 363,370
Operating expenses:
Cost of goods sold, excluding depreciation and amortization	74,367	73,397	235,015	232,574
Marketing	17,291	14,852	66,981	51,108
Product, technology, general and administrative	36,980	35,237	118,747	108,590
Depreciation and amortization	5,350	5,507	16,218	16,739
Total operating expenses	133,988	128,993	436,961	409,011
Income (loss) from operations	(24,323)	(19,339)	(85,308)	(45,641)
Gain (loss) on extinguishment of debt			650	(4,089)
Interest income (expense), net	(1,416)	(1,864)	(4,621)	(6,303)
Other income (expense), net	0	(6,432)	2,033	(5,884)
Income (loss) before income taxes	(25,739)	(27,635)	(87,246)	(61,917)
Benefit (provision) for income taxes	(11)	(1)	(76)	(27)
Net income (loss)	$ (25,750)	$ (27,636)	$ (87,322)	$ (61,944)
Net income (loss) per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)	$ (0.74)	$ (1.17)	$ (2.59)	$ (3.07)
Diluted (in dollars per share)	$ (0.74)	$ (1.17)	$ (2.59)	$ (3.07)
Weighted-average shares used to compute net income (loss) per share attributable to Class A and Class B common stockholders:
Basic (in shares)	34,853,137	23,709,639	33,747,813	20,196,442
Diluted (in shares)	34,853,137	23,709,639	33,747,813	20,196,442

APRN Balance Sheet

2022-09-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 30,977	$ 82,160
Accounts receivable, net	19	234
Inventories, net	30,789	24,989
Prepaid expenses and other current assets	18,023	12,249
Total current assets	79,808	119,632
Property and equipment, net	97,346	108,355
Other noncurrent assets	6,984	3,719
TOTAL ASSETS	184,138	231,706
CURRENT LIABILITIES:
Accounts payable	29,002	27,962
Current portion of related party payables	3,000
Current portion of long-term debt		3,500
Accrued expenses and other current liabilities	28,955	31,951
Deferred revenue	20,866	7,958
Warrant obligation		8,001
Total current liabilities	81,823	79,372
Long-term debt	27,365	25,886
Facility financing obligation	35,799	35,886
Related party payables	2,500
Other noncurrent liabilities	8,359	10,509
TOTAL LIABILITIES	155,846	151,653
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY:
Additional paid-in capital	782,125	746,564
Accumulated deficit	(753,836)	(666,514)
TOTAL STOCKHOLDERS' EQUITY	28,292	80,053
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	184,138	231,706
Class A
STOCKHOLDERS' EQUITY:
Common Stock	$ 3	$ 3