Slack releases its financials for the first time as it prepares to go public

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Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California.

Slack released its S-1 Friday, making it the latest in a highly-anticipated class of tech companies to file to go public. Slack will pursue a direct listing on the New York Stock Exchange under the symbol “SK.”

For the year ended Jan. 31, 2019, Slack reported $400.55 million in revenue. Slack reported a net loss of $138.9 million for the same period.

For the three months ended Jan. 31, 2019, the company reported daily active users over 10 million.

The company will offer two classes of shares that will consolidate voting power among Class B shareholders. Class A common stock will be entitled to one vote per share, while Class B will be entitled to 10 votes per share.

Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom. Uber has also released its S-1 and is expected to go public in a few weeks.

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Watch: In-depth interview with Slack CEO Stewart Butterfield

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