SolarWinds market cap is $2.7 b, and annual revenue was $1.02 b in FY 2020

SolarWinds Gross profit (Q1, 2021)186.8 M

SolarWinds Gross profit margin (Q1, 2021), %72.7%

SolarWinds Net income (Q1, 2021)-7.2 M

SolarWinds EBIT (Q1, 2021)-2 M

SolarWinds Cash, 31-Mar-2021374.4 M

SolarWinds EV4.3 B

SolarWinds revenue was $1.02 b in FY, 2020 which is a 9.3% year over year increase from the previous period.

SolarWinds revenue breakdown by business segment: 38.7% from Subscription, 47.1% from Maintenance and 14.2% from License

SolarWinds revenue breakdown by geographic segment: 38.6% from International and 61.4% from United States

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 833.1m | 932.5m | 1.0b |

| 14% | 12% | 9% |

## Cost of goods sold | 246.7m | 255.5m | 274.6m |

## Gross profit | 586.4m | 677.1m | 744.6m |

| 70% | 73% | 73% |

## Sales and marketing expense | 227.5m | 264.2m | 298.5m |

## R&D expense | 96.3m | 110.4m | 126.2m |

## General and administrative expense | 80.6m | 97.5m | 137.5m |

## Operating expense total | 471.2m | 541.9m | 637.2m |

## Depreciation and amortization | 66.8m | 69.8m | 75.0m |

## EBIT | 115.2m | 135.2m | 107.4m |

| 14% | 14% | 11% |

## Interest expense | 142.0m | 108.1m | 75.9m |

## Pre tax profit | (121.7m) | 27.5m | 30.3m |

## Income tax expense | (19.6m) | 8.9m | (128.2m) |

## Net Income | (102.1m) | 18.6m | 158.5m |

## EPS | 2.6 | 0.1 | 0.5 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Revenue | 215.8m | 228.7m | 240.5m | 247.0m | 246.0m | 261.0m | 256.9m |

## Cost of goods sold | 62.0m | 63.4m | 64.8m | 67.0m | 66.7m | 68.9m | 70.1m |

## Gross profit | 153.8m | 165.4m | 175.7m | 180.0m | 179.4m | 192.0m | 186.8m |

| 71% | 72% | 73% | 73% | 73% | 74% | 73% |

## Sales and marketing expense | 60.6m | 64.8m | 68.3m | 72.4m | 70.7m | 73.5m | 83.3m |

## R&D expense | 25.2m | 27.7m | 29.6m | 31.8m | 30.7m | 31.3m | 37.8m |

## General and administrative expense | 21.7m | 25.2m | 25.4m | 29.8m | 24.5m | 33.6m | 47.7m |

## Operating expense total | 124.0m | 135.1m | 141.3m | 152.3m | 144.2m | 156.9m | 188.8m |

## Depreciation and amortization | 16.5m | 17.3m | 18.0m | 18.3m | 18.3m | 18.6m | 20.1m |

## EBIT | 29.8m | 30.3m | 34.4m | 27.7m | 35.1m | 35.1m | (2.0m) |

| 14% | 13% | 14% | 11% | 14% | 13% | (1%) |

## Interest expense | 27.4m | 28.2m | 27.4m | 24.1m | 18.3m | 16.8m | 16.2m |

## Pre tax profit | 3.7m | 1.1m | 7.3m | 2.8m | 17.2m | 17.8m | (18.0m) |

## Income tax expense | 565.0k | 3.2m | 2.9m | 2.4m | 4.3m | 5.3m | (10.9m) |

## Net Income | 3.1m | (2.1m) | 4.4m | 415.0k | 12.8m | 12.5m | (7.2m) |

## EPS | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 382.6m | 173.4m | 370.5m |

## Accounts Receivable | 100.5m | 121.9m | 114.3m |

## Prepaid Expenses | 16.3m | 23.5m | 25.7m |

## Current Assets | 500.3m | 319.9m | 512.7m |

## PP&E | 35.9m | 38.9m | 58.6m |

## Goodwill | 3.7b | 4.1b | 4.2b |

## Total Assets | 5.2b | 5.3b | 5.7b |

## Accounts Payable | 9.7m | 13.8m | 17.9m |

## Short-term debt | 20.2m | 32.2m | 37.9m |

## Current Liabilities | 368.1m | 423.0m | 491.2m |

## Long-term debt | 1.9b | 2.0b | 2.0b |

## Total Debt | 1.9b | 2.0b | 2.0b |

## Total Liabilities | 2.6b | 2.7b | 2.7b |

## Common Stock | 305.0k | 308.0k | 313.0k |

## Additional Paid-in Capital | 3.0b | 3.0b | 3.1b |

## Retained Earnings | (412.3m) | (387.4m) | (228.9m) |

## Total Equity | 2.6b | 2.6b | 3.0b |

## Debt to Equity Ratio | 0.7 x | 0.8 x | 0.7 x |

## Debt to Assets Ratio | 0.4 x | 0.4 x | 0.4 x |

## Financial Leverage | 2 x | 2 x | 1.9 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | (102.1m) | 18.6m | 158.5m |

## Depreciation and Amortization | 258.4m | 263.2m | 277.9m |

## Accounts Receivable | (18.0m) | (19.0m) | 9.0m |

## Accounts Payable | (28.0k) | 3.7m | 3.1m |

## Cash From Operating Activities | 254.1m | 299.9m | 389.1m |

## Purchases of PP&E | (15.9m) | (17.2m) | (28.8m) |

## Cash From Investing Activities | (68.0m) | (482.5m) | (180.1m) |

## Long-term Borrowings | (1.0b) | (54.9m) | (19.9m) |

## Cash From Financing Activities | (75.7m) | (25.6m) | (25.6m) |

## Net Change in Cash | 104.9m | (209.2m) | 197.1m |

## Interest Paid | 142.9m | 100.5m | 67.2m |

## Income Taxes Paid | 9.0m | 48.0m | 54.6m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Net Income | 3.1m | 1.0m | 5.4m | 415.0k | 13.3m | 25.8m | (7.2m) |

## Depreciation and Amortization | 64.5m | 130.0m | 196.7m | 67.8m | 136.0m | 205.5m | 69.7m |

## Accounts Receivable | (10.6m) | 7.3m | (781.0k) | (4.1m) | 13.9m | 5.1m | (4.1m) |

## Accounts Payable | 479.0k | 1.4m | 357.0k | (3.0m) | (2.8m) | (1.1m) | 1.5m |

## Cash From Operating Activities | 63.4m | 141.7m | 216.8m | 78.4m | 184.1m | 285.0m | 26.9m |

## Purchases of PP&E | (4.6m) | (8.8m) | (10.6m) | (6.5m) | (12.1m) | (20.4m) | (5.8m) |

## Cash From Investing Activities | (5.6m) | (359.1m) | (359.5m) | (8.2m) | (16.3m) | (27.3m) | (7.5m) |

## Long-term Borrowings | (5.0m) | (44.9m) | (49.9m) | (5.0m) | (9.9m) | (14.9m) | (5.0m) |

## Cash From Financing Activities | (4.9m) | (9.8m) | (13.8m) | (4.1m) | (9.7m) | (11.4m) | (10.4m) |

## Net Change in Cash | 51.8m | (227.3m) | (161.6m) | 63.6m | 158.0m | 251.6m | 3.9m |

## Interest Paid | 25.4m | 51.7m | 77.5m | 22.0m | 38.1m | 52.7m | 14.0m |

## Income Taxes Paid | 8.6m | 26.5m | 35.6m | 6.0m | 16.8m | 40.4m | 14.4m |

USD | FY, 2018 |
---|---|

## EV/EBIT | 50 x |

## EV/CFO | 22.7 x |

## Revenue/Employee | 315.7k |

## Debt/Equity | 0.7 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 2 x |

## P/E Ratio | 5.4 |

SolarWinds's Registered Members was reported to be 150 k in Q1, 2019. SolarWinds's Customers was reported to be 320 k in Q1, 2021.

Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Countries | 190 | 190 | 190 | |||||||||

## Customers | 275 k | 300 k | 300 k | 320 k | 320 k | 320 k | 320 k | 320 k | 320 k | |||

## Customers with >$100K Annual Revenue | 897 | 926 | 958 | 1 k | 1.06 k | 1.07 k | ||||||

## Patent Applications | 58 | 66 | ||||||||||

## Patents (Foreign) | 160 | 172 | 194 | |||||||||

## Patents (US) | 29 | 30 | 31 | 33 | 38 | |||||||

## Products | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 |

## Registered Members | 150 k | 150 k | ||||||||||

## Service Providers | 22 k | 22 k |