SolarWinds Q1 revenue $193.3M (+4% YoY), adj. EBITDA margin 48%, declares special dividend $1.00/share

SolarWinds Corp

2024-Q1 EPS reported $0.09 revenue$193,311,000

Total revenue $193.3M (+4% YoY); net income $15.6M; adjusted EBITDA $92.1M (48% margin, +19% YoY).
Subscription ARR $251.3M (+36% YoY); Total ARR $695.3M (+7% YoY); recurring revenue 93% of total.
Declared special cash dividend of $1.00 per share (paid April 15, 2024).
Announced AI-powered enhancements and became first software provider to submit CISA self-attestation.
Balance sheet: cash $312.8M, debt $1.2B; special dividend liability $168.2M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SolarWinds Corp reported first quarter ended March 31, 2024 results: revenue total revenue for the first quarter of $193.3 million, net income Net income for the first quarter of $15.6 million.

Period: first quarter ended March 31, 2024
Revenue: total revenue for the first quarter of $193.3 million
Net income: Net income for the first quarter of $15.6 million
Result: preliminary results

Exact text from the filing

and IT management software, today reported results for its first quarter ended March 31, 2024. First Quarter Financial Highlights • Total revenue for the first quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. • Net income for the first quarter of $15.6 million. • Adjusted EBITDA for

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Source: SEC EDGAR

accession 0001739942-24-000054

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