---
schema_version: "secwatch.filing_event.v1"
accession: "0001739942-24-000054"
form_type: "8-K"
ticker: null
cik: "0001739942"
company_name: "SolarWinds Corp"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:43:17.672398+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001739942-24-000054
- form_type: 8-K
- cik: 0001739942
- company_name: SolarWinds Corp
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000054/0001739942-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000054/swi-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739942-24-000054
- JSON: https://secwatch.observer/filing/0001739942-24-000054.json
- Plain text: https://secwatch.observer/filing/0001739942-24-000054.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000054/0001739942-24-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.