secwatch.observer — SEC 8-K summary
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Issuer:     SolarWinds Corp (—)
CIK:        0001739942
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001739942-24-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000054/0001739942-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000054/swi-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001739942-24-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer