Squarespace files to go public

Site builder files S-1.

One month after raising $300 million from investors, website building software company Squarespace has filed its S-1 with the SEC to allow investors to sell their shares on the market.

Here’s a look at Squarespace’s business by the numbers.

• 3.7 million unique subscriptions at the end of 2020, up from 3.0 million at end of 2019. This includes standalone sites, standalone scheduling subscriptions, and social service subscriptions.
• $621 million annual revenue in 2020, up from $485 million in 2019. 28% revenue growth.
• $150 million cashflow from operations in 2020, up from $102 million. Net income $58 million, up from $31 million. Net income was $31M in 2020, down from $58M in 2019
• $142 million commerce revenue, up 78% YoY.
• 12 month ARPU of $187.

Squarespace is an easier-to-use alternative to WordPress. It competes with Wix, Weebly, and GoDaddy’s site builder.