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SolarWinds Corp (SWI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Revenue:          
Total revenue  185.0187.1179.4176.0176.9186.7181.3176.8
            Total revenue growth  5.1%0.2%-1.0%-0.4%1.7%0.6%-1.9%-28.1%
Cost of revenue:          
Cost of recurring revenue  18.518.016.615.517.817.717.915.7
Amortization of acquired technologies  12.112.913.013.113.213.613.813.9
    Total cost of revenue  22.021.620.219.135.157.357.855.8
    Gross profit  163.1165.4159.2156.9141.8129.4123.4121.0
            Gross margin  88.1%88.4%88.7%89.1%80.2%69.3%68.1%68.4%
   
Operating expenses:          
Sales and marketing  59.867.364.864.661.062.058.658.1
Research and development  24.124.222.622.123.423.326.325.8
General and administrative  34.433.042.641.332.740.828.630.7
Amortization of acquired intangibles  12.112.913.013.113.213.613.813.9
Goodwill impairment    278.7612.4    
    Total operating expenses  130.4137.4421.7753.5130.4139.8127.3128.5
    Operating income (loss)  32.628.0-262.5-596.611.4-10.4-3.8-7.5
            Operating margin  17.6%15.0%-146.3%-338.9%6.5%-5.5%-2.1%-4.3%
   
Other income (expense):          
Interest expense, net  -29.4-25.7-23.2-18.4-16.1-16.3-15.9-16.2
Other income (expense), net  0.0-3.2-2.40.7-0.2-1.41.5-0.3
    Total other expense  -29.4-28.9-25.6-17.7-16.3-17.7-14.4-16.5
    Income (loss) before income taxes  3.2-0.9-288.1-614.3-4.8-28.0-18.2-24.0
Income tax expense  3.09.54.17.9-0.2-6.1-19.3-2.1
    Net income (loss)  0.3-10.4-292.2-622.1-4.7-23.6-9.0-11.6
   
    Net income (loss) available to common stockholders   ($0.06)($1.81)($3.87)($0.03)($0.15)($0.06)($0.07)
    Net income (loss) available to common stockholders  0.3  -622.1    
   
Net income (loss) available to common stockholders per share:          
Basic income (loss) per share (in dollars per share)   ($0.06)($1.81)($3.87)($0.03)($0.15)($0.06)($0.07)
Diluted income (loss) per share (in dollars per share)   ($0.06)($1.81)($3.87)($0.03)($0.15)($0.06)($0.07)
   
Weighted-average shares used to compute net income (loss) available to common stockholders per share:          
Shares used in computation of basic income (loss) per share (in shares)  164.2160.8161.1160.7159.8158.0158.2157.9
Shares used in computation of diluted income (loss) per share (in shares)  165.4160.8161.1160.7159.8158.0160.3157.9

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