SolarWinds
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SolarWinds (SWI) investor relations material

SolarWinds has been delisted

SolarWinds Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2024 earnings summary11 Feb, 2025

Executive summary

  • Q4 2024 revenue reached $210.3M, up 6% year-over-year, with 94% from recurring sources.

  • Net income for Q4 was $72.7M; full-year net income totaled $111.9M.

  • Adjusted EBITDA for Q4 was $104.1M (49% margin, +20% YoY); full-year Adjusted EBITDA was $384.7M (48% margin, +17% YoY).

  • Subscription ARR grew 34% YoY to $311.7M; Total ARR rose 7% YoY to $729.0M.

  • Announced definitive agreement to be acquired by Turn/River Capital for $4.4B, expected to close in Q2 2025.

Financial highlights

  • Full-year revenue was $796.9M, up 5% YoY; recurring revenue comprised 94% of total.

  • Q4 gross margin was 89.9% GAAP and 90.8% non-GAAP; full-year gross margin was 89.5% GAAP and 90.7% non-GAAP.

  • Q4 operating income was $60.4M (GAAP), $98.9M (non-GAAP); full-year operating income was $208.4M (GAAP), $361.4M (non-GAAP).

  • Q4 diluted EPS was $0.41 (GAAP), $0.51 (non-GAAP); full-year diluted EPS was $0.64 (GAAP), $1.32 (non-GAAP).

  • Unlevered free cash flow for 2024 was $263.8M, up from $254.5M in 2023.

Segment performance

  • Subscription revenue for Q4 was $89.3M (+32% YoY); full-year subscription revenue was $304.5M (+30% YoY).

  • Maintenance revenue for Q4 was $107.9M; full-year maintenance revenue was $440.6M.

  • License revenue for Q4 was $13.1M; full-year license revenue was $51.8M.

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Frequently asked questions

SolarWinds Corporation provides IT management software and services to businesses, government agencies, and managed service providers. Its product portfolio includes solutions for network performance, system monitoring, database management, and cybersecurity. The company offers both on-premises and cloud-based tools to support IT infrastructure visibility and control. The company is headquartered in Austin, Texas, and its shares are listed on the NYSE.