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Jun 30, 2022
SolarWinds Q2 2022 Earnings Report
SolarWinds Q2 2022 results were announced, showing a slight year-over-year revenue decline on a reported basis but growth on a constant currency basis. The company reported a net loss, including impairment charges, but saw growth in subscription revenue and improved customer retention.
Key Takeaways
SolarWinds reported Q2 2022 total revenue of $176.0 million, a slight year-over-year decline on a reported basis but a 2% increase on a constant currency basis. The company experienced a net loss of $622.1 million, which included $621.8 million in impairment charges. Subscription revenue grew by 25% year-over-year.
Total revenue for the second quarter was $176.0 million, a slight year-over-year decline on a reported basis.
Subscription revenue increased by 25% year-over-year.
Net loss for the second quarter was $622.1 million, including $621.8 million in impairment charges.
Adjusted EBITDA for the second quarter was $66.8 million, representing a margin of 38% of total revenue.
SolarWinds
SolarWinds
SolarWinds Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance Revenue
CapyFin.comLicense Revenue
CapyFin.com Forward Guidance
SolarWinds provided its financial outlook for the third quarter and updated its financial outlook for the full year of 2022.
Positive Outlook
- Total revenue in the range of $180 to $185 million for Q3 2022.
- Adjusted EBITDA margin of approximately 39% to 40% of total revenue for Q3 2022.
- Non-GAAP diluted earnings per share of $0.19 to $0.21 for Q3 2022.
- Total revenue in the range of $715 to $725 million for full year 2022.
- Adjusted EBITDA margin of approximately 39% to 40% of total revenue for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income