Overview
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- TickerACCD on NYSE1
- Industrymedical technology1
- HeadquartersPhiladelphia1
- Websitewww.accolade.com
- Legal formDelaware corporation1
- Listed onNasdaq (ACCD), New York Stock Exchange (ACCD)1
- Incorporated inDE5
- Business address660 W. Germantown Pike Suite 500, Plymouth Meeting, Pa 194625
- Filer categoryLarge accelerated filer5
- LEI549300PHKG8J7A22NF083
- StatusActive3
- LEI statusLapsed (not renewed)3
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 42898403
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You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Annual Report on Form 10-K primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled "Risk Factors" and elsewhere in this Annual Report on Form 10-K. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Annual Report on Form 10-K. The results, events, and cir…8 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs100¢$413.1M
- Income tax0¢$1.2M
Out of $414.3M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $94.8M9 | $132.5M10 | $170.4M11 | $310.0M4 | $363.1M4 | $414.3M4 | |
| Operating expenses | $266.7M4 | $627.8M4 | $306.5M4 | ||||
| Operating income | -$54.0M9 | -$48.2M10 | -$46.8M11 | -$125.7M4 | -$463.5M4 | -$114.5M4 | |
| Income before tax | -$128.8M4 | -$463.3M4 | -$98.6M4 | ||||
| Income tax | $55.0K9 | $129.0K10 | $4.0K11 | -$5.6M4 | -$3.6M4 | $1.2M4 | |
| Net income | -$56.5M9 | -$51.4M10 | -$50.7M11 | -$123.1M4 | -$459.6M4 | -$99.8M4 | |
| Earnings per share | -$9.1310 | -$1.7211 | -$1.934 | -$6.454 | -$1.334 | ||
| Earnings per share (diluted) | -$9.1310 | -$1.7211 | -$1.934 | -$6.454 | -$1.334 | ||
| Shares (weighted, basic) | 63.8M shares4 | 71.3M shares4 | 74.9M shares4 | ||||
| Shares (weighted, diluted) | 63.8M shares4 | 71.3M shares4 | 74.9M shares4 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $13.5M9 | $42.7M10 | $33.2M9 | $433.9M10 | $365.9M11 | $321.1M4 | $185.7M4 |
| Receivables | $21.1M11 | $23.4M4 | $21.8M4 | ||||
| Current assets | $48.9M9 | $454.0M10 | $409.1M11 | $365.9M4 | $284.9M4 | ||
| Property, plant and equipment | $11.8M11 | $14.8M4 | $19.1M4 | ||||
| Goodwill | $577.9M4 | $278.2M4 | $278.2M4 | ||||
| Intangible assets | $244.7M11 | $203.2M4 | $165.4M4 | ||||
| Total assets | $73.2M9 | $475.5M10 | $1.3B11 | $903.1M4 | $788.2M4 | ||
| Accounts payable | $7.8M11 | $10.2M4 | $13.7M4 | ||||
| Current liabilities | $70.0M9 | $79.1M10 | $111.8M11 | $119.4M4 | $107.8M4 | ||
| Long-term debt | $21.1M9 | ||||||
| Total liabilities | $97.0M9 | $84.7M10 | $429.7M11 | $429.3M4 | $342.7M4 | ||
| Retained earnings | -$494.6M11 | -$954.3M4 | -$1.1B4 | ||||
| Shareholders’ equity | -$183.7M9 | -$230.6M10 | -$256.8M11 | $390.8M4 | $855.8M4 | $473.8M4 | $445.5M4 |
| Shares outstanding | 6.0M shares9 | 58.7M shares9 | 67.3M shares10 | 73.6M shares11 | 78.4M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$16.5M9 | -$34.2M10 | -$25.2M11 | -$62.4M4 | -$40.7M4 | -$16.2M4 | |
| Depreciation and amortization | $42.6M4 | $46.4M4 | $45.2M4 | ||||
| Stock-based compensation | $72.9M4 | $72.6M4 | $60.9M4 | ||||
| Capital spending | $1.2M9 | $3.3M10 | $2.0M11 | $2.5M4 | $2.1M4 | $4.9M4 | |
| Free cash flow | -$17.7M | -$37.6M | -$27.2M | -$64.9M | -$42.8M | -$21.1M | |
| Cash from investing | -$263.6M4 | -$7.2M4 | -$63.6M4 | ||||
| Cash from financing | $257.9M4 | $3.2M4 | -$55.6M4 | ||||
| Dividend per share | $0.009 |
Corporate structure
Accolade sits at the top of its group. 7 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Accolade
- Goldman Sachs Filed SCHEDULE 13G/A on Accolade, latest Aug 13, 2025 (2 filings since May 9, 2025)
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G/A on Accolade, latest May 15, 2025 (2 filings since Mar 14, 2025)
- ARK Investment Management LLC Filed SCHEDULE 13G/A on Accolade, latest May 14, 2025 (5 filings since Feb 9, 2022)
- AllianceBernstein Filed SCHEDULE 13G on Accolade, latest May 14, 2025
- Magnetar Financial LLC Filed SCHEDULE 13D/A on Accolade, latest Apr 10, 2025 (2 filings since Jan 21, 2025)
- INTEGRATED CORE STRATEGIES (US) LLC Filed SCHEDULE 13G/A on Accolade, latest Jan 30, 2025 (2 filings since Oct 7, 2024)
- Bellevue Group Filed SC 13G/A on Accolade, latest Nov 14, 2024 (3 filings since Feb 14, 2023)
- VANGUARD GROUP INC Filed SC 13G/A on Accolade, latest Nov 12, 2024 (6 filings since Feb 9, 2022)
- JPMorgan Chase Filed SC 13G/A on Accolade, latest Jul 3, 2024 (3 filings since Jan 6, 2023)
- BROWN ADVISORY INC Filed SC 13G/A on Accolade, latest Feb 9, 2024 (2 filings since Feb 9, 2023)
- BlackRock Filed SC 13G/A on Accolade, latest Jan 26, 2024 (3 filings since Feb 4, 2022)
- Andreessen Horowitz Fund IV, L.P. Filed SC 13G/A on Accolade, latest Feb 14, 2022
- Accolade Seattle, Washington, United States
- 1stMD LLC Subsidiary · Texas, United States
- Accolade 2ndMD LLC Subsidiary · Texas, United States
- Accolade Techologies s.r.o. Subsidiary · Czechia
- MD Insider, Inc. Subsidiary · Delaware, United States
- PlushCare Technologies Canada, Inc. Subsidiary · Canada
- PlushCare, Inc. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Accolade reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $78.0M4 Feb 29, 2024 | $69.6M4 Feb 28, 2023 | +12.1% |
| Accumulated depreciation | $58.9M4 Feb 29, 2024 | $54.8M4 Feb 28, 2023 | +7.4% |
| Property and equipment, net | $19.1M4 Feb 29, 2024 | $14.8M4 Feb 28, 2023 | +29.6% |
| Operating-lease assets (leased space) | $28.3M4 Feb 29, 2024 | $29.5M4 Feb 28, 2023 | −4.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $185.7M4 Feb 29, 2024 | $321.1M4 Feb 28, 2023 | −42.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $278.2M4 Feb 29, 2024 | $278.2M4 Feb 28, 2023 | 0% |
| Intangible assets, net (excluding goodwill) | $165.4M4 Feb 29, 2024 | $203.2M4 Feb 28, 2023 | −18.6% |
| Finite-lived intangibles, gross | $283.6M4 Feb 29, 2024 | $283.6M4 Feb 28, 2023 | 0% |
| Accumulated amortization | $118.2M4 Feb 29, 2024 | $80.4M4 Feb 28, 2023 | +47.0% |
| Finite-lived intangibles, net | $165.4M4 Feb 29, 2024 | $203.2M4 Feb 28, 2023 | −18.6% |
Leadership
Who has led Accolade, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- PresidentRobert N. Cavanaugh Jul 1, 2020 to Apr 8, 202514
- Chief financial officerStephen H. Barnes Jul 1, 2020 to Apr 8, 202515
Board members and other officers (13)
- Chief Accounting OfficerColin McHugh Jul 6, 2023 to Jan 6, 202516
- Chief Product OfficerMichael W. Hilton Jul 1, 2020 to Jan 19, 202317
- Board memberMichael W. Hilton Feb 21, 2023 to Apr 8, 202518
- Board memberCindy Kent Jan 27, 2021 to Apr 8, 202519
- Board memberElizabeth Nabel Jun 3, 2021 to Apr 8, 202520
- Board memberJeffrey S. Brodsky Jun 3, 2021 to Apr 8, 202521
- Board memberDawn G. Lepore Jul 1, 2020 to Apr 8, 202522
- Board memberJ. Michael Cline Jul 1, 2020 to Jul 8, 202023
- Board memberJeffrey D. Jordan Jul 1, 2020 to Apr 8, 202524
- Board memberPatricia L. Wadors Jul 1, 2020 to Apr 8, 202525
- Board memberPeter S. Klein Jul 1, 2020 to Apr 8, 202526
- Board memberThomas J. Neff Jul 1, 2020 to Dec 2, 202227
- General counselRichard Eskew Apr 5, 2023 to Apr 8, 202528
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorRajeev J. Singh named Oct 15, 202129
Products and brands
- software
Listed on Wikidata.1
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1stMD LLC Texas6
- Accolade 2ndMD LLC Texas6
- Accolade Techologies s.r.o. Czech Republic6
- MD Insider, Inc. Delaware6
- PlushCare Technologies Canada, Inc. Canada6
- PlushCare, Inc. Delaware6
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Accolade LLCJan 21, 2010 to Jan 21, 20105
Timeline
- Apr 8, 20258-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer30
- Mar 27, 20258-K Shareholder vote; Regulation FD disclosure31
- Jan 8, 20258-K Entered a material agreement; Results of operations; Regulation FD disclosure32
- Oct 8, 20248-K Results of operations33
- Aug 7, 20248-K Shareholder vote34
- Jun 27, 20248-K Results of operations35
- Apr 25, 20248-K Results of operations36
- Jan 8, 20248-K Results of operations37
- Nov 16, 20238-K Other events38
- Oct 4, 20238-K Results of operations39
- Aug 9, 20238-K Shareholder vote40
- Jun 29, 20238-K Results of operations41
- 2020Went public Listed on NYSE1
- 2007Founded Founded1
Calendar
When it reported results
- Jan 8, 2025Reported quarterly or annual results32
- Oct 8, 2024Reported quarterly or annual results33
- Jun 27, 2024Reported quarterly or annual results35
- Apr 25, 2024Reported quarterly or annual results36
- Jan 8, 2024Reported quarterly or annual results37
- Oct 4, 2023Reported quarterly or annual results39
- Jun 29, 2023Reported quarterly or annual results41
- Apr 27, 2023Reported quarterly or annual results42
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
822 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 23 major events, 475 insider forms, 32 large holders, 1 private raises, 277 other. The latest 20:
- Aug 13, 2025SCHEDULE 13G/A EDGAR
- May 15, 2025SCHEDULE 13G/A EDGAR
- May 14, 2025SCHEDULE 13G EDGAR
- May 14, 2025SCHEDULE 13G/A EDGAR
- May 9, 2025SCHEDULE 13G EDGAR
- Apr 18, 202515-12G EDGAR
- Apr 10, 2025SCHEDULE 13D/A EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 20254 EDGAR
- Apr 8, 2025S-8 POS EDGAR
The 822 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
290 open-market trades by officers, directors and large owners since October 2021: 3 buys and 287 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 2, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 431 | $6.99 | $3.0K | Form 4 |
| Apr 2, 2025 | Cavanaugh Robert NPresident | Sale | 550 | $6.99 | $3.8K | Form 4 |
| Apr 2, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 922 | $6.99 | $6.4K | Form 4 |
| Apr 2, 2025 | Eskew RichardEVP General Counsel | Sale | 378 | $6.99 | $2.6K | Form 4 |
| Mar 18, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 289 | $6.99 | $2.0K | Form 4 |
| Mar 18, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 142 | $6.99 | $993 | Form 4 |
| Mar 18, 2025 | Cavanaugh Robert NPresident | Sale | 181 | $6.99 | $1.3K | Form 4 |
| Mar 11, 2025 | Cavanaugh Robert NPresident | Sale | 249 | $6.97 | $1.7K | Form 4 |
| Mar 11, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 254 | $6.97 | $1.8K | Form 4 |
| Mar 11, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 490 | $6.97 | $3.4K | Form 4 |
| Mar 4, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 514 | $6.96 | $3.6K | Form 4 |
| Mar 4, 2025 | Cavanaugh Robert NPresident | Sale | 550 | $6.96 | $3.8K | Form 4 |
| Mar 4, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 1,121 | $6.96 | $7.8K | Form 4 |
| Mar 4, 2025 | Eskew RichardEVP General Counsel | Sale | 377 | $6.96 | $2.6K | Form 4 |
| Feb 19, 2025 | Cavanaugh Robert NPresident | Sale | 180 | $6.90 | $1.2K | Form 4 |
| Feb 19, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 137 | $6.90 | $945 | Form 4 |
| Feb 19, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 279 | $6.90 | $1.9K | Form 4 |
| Feb 11, 2025 | SINGH RAJEEVChief Executive Officer | Sale | 509 | $6.89 | $3.5K | Form 4 |
| Feb 11, 2025 | Cavanaugh Robert NPresident | Sale | 252 | $6.89 | $1.7K | Form 4 |
| Feb 11, 2025 | Barnes Stephen H.Chief Financial Officer | Sale | 221 | $6.89 | $1.5K | Form 4 |
All 290 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Goldman SachsSCHEDULE 13G/A, 2 filings May 9, 2025 to Aug 13, 202543
- GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Mar 14, 2025 to May 15, 202544
- ARK Investment Management LLCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to May 14, 202545
- AllianceBernsteinSCHEDULE 13G, 1 filing May 14, 202546
- Magnetar Financial LLCSCHEDULE 13D/A, 2 filings Jan 21, 2025 to Apr 10, 202547
- INTEGRATED CORE STRATEGIES (US) LLCSCHEDULE 13G/A, 2 filings Oct 7, 2024 to Jan 30, 202548
- Bellevue GroupSC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 202449
- VANGUARD GROUP INCSC 13G/A, 6 filings Feb 9, 2022 to Nov 12, 202450
- JPMorgan ChaseSC 13G/A, 3 filings Jan 6, 2023 to Jul 3, 202451
- BROWN ADVISORY INCSC 13G/A, 2 filings Feb 9, 2023 to Feb 9, 202452
- BlackRockSC 13G/A, 3 filings Feb 4, 2022 to Jan 26, 202453
- Andreessen Horowitz Fund IV, L.P.SC 13G/A, 1 filing Feb 14, 202254
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $11.2M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2021 | $11.2M | $11.2M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Accolade is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAccolade, Inc.2
- CIK0001481646
- Employer ID (EIN)43-21178362
- Filer statusLarge accelerated filer2
- Incorporated inDelaware2
- Fiscal year endsFebruary 282
- Industry code (SIC)7389 Services-Business Services, NEC2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address660 W. Germantown Pike Suite 500, Plymouth Meeting, PA 194622
- Phone610-834-29892
- Shares outstanding81,585,508 as of Dec 31, 202413
- Public float$926.1M as of Aug 31, 20234
- On EDGAR sinceJan 21, 20102
- Filings993 in all: 4 (520), 144 (249), 8-K (42), 3 (22), 10-Q (15), SC 13G/A (14), CORRESP (12), D (11)2
All 47 form types
UPLOAD (10), SC 13G (9), DEFA14A (8), EFFECT (5), S-1/A (5), S-8 (5), S-8 POS (5), SCHEDULE 13G/A (5), 10-K (4), 5 (4), DEF 14A (4), 4/A (3), S-1 (3), SCHEDULE 13G (3), 3/A (2), 424B4 (2), DRS (2), DRS/A (2), DRSLTR (2), POS AM (2), S-1MEF (2), SC 13D (2), SC 13D/A (2), SEC STAFF LETTER (2), 15-12G (1), 25-NSE (1), 424B3 (1), 424B7 (1), 8-A12B (1), 8-K/A (1), CERT (1), D/A (1), DEFM14A (1), NT 10-K (1), POS EX (1), PREM14A (1), S-3ASR (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Apr 26, 2024
Quarterly report (10-Q) Jan 10, 2025
Proxy statement (DEF 14A) Jun 21, 2024
Latest 8-K (8-K) Apr 8, 2025
Links
- Websitewww.accolade.com1
- X (Twitter)x.com/accolade1
- WikidataQ96791280
- SEC EDGARCIK 1481646
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAccolade on Wikidata
- 2SEC EDGARAccolade filings on SEC EDGAR
- 3
- 4SEC EDGARAccolade 10-K for fiscal 2024
- 5SEC EDGARAccolade filings on SEC EDGAR
- 6
- 7Company websiteAccolade photo
- 8
- 9SEC EDGARAccolade 10-K for fiscal 2019
- 10SEC EDGARAccolade 10-K for fiscal 2020
- 11SEC EDGARAccolade 10-K for fiscal 2021
- 12SEC EDGARAccolade 10-Q for fiscal 2024
- 13SEC EDGARAccolade 10-Q for fiscal 2024
- 14SEC EDGARRobert N. Cavanaugh, President
- 15
- 16
- 17
- 18SEC EDGARMichael W. Hilton, Board member
- 19SEC EDGARCindy Kent, Board member
- 20SEC EDGARElizabeth Nabel, Board member
- 21SEC EDGARJeffrey S. Brodsky, Board member
- 22SEC EDGARDawn G. Lepore, Board member
- 23SEC EDGARJ. Michael Cline, Board member
- 24SEC EDGARJeffrey D. Jordan, Board member
- 25SEC EDGARPatricia L. Wadors, Board member
- 26SEC EDGARPeter S. Klein, Board member
- 27SEC EDGARThomas J. Neff, Board member
- 28SEC EDGARRichard Eskew, General counsel
- 29
- 30
- 31
- 32
- 33SEC EDGARResults of operations
- 34SEC EDGARShareholder vote
- 35SEC EDGARResults of operations
- 36SEC EDGARResults of operations
- 37SEC EDGARResults of operations
- 38SEC EDGAROther events
- 39SEC EDGARResults of operations
- 40SEC EDGARShareholder vote
- 41SEC EDGARResults of operations
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49SEC EDGARBellevue Group SC 13G/A on Accolade
- 50
- 51SEC EDGARJPMorgan Chase SC 13G/A on Accolade
- 52
- 53SEC EDGARBlackRock SC 13G/A on Accolade
- 54