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Sep 30, 2021
SolarWinds Q3 2021 Earnings Report
Reported results for the third quarter ended September 30, 2021.
Key Takeaways
SolarWinds reported a total revenue of $181.3 million for the third quarter, representing a 1.9% year-over-year decline. Net income for the third quarter was $1.1 million.
Total revenue for the third quarter was $181.3 million, a 1.9% year-over-year decline.
Recurring revenue represented 83.9% of total revenue.
Net income for the third quarter was $1.1 million.
Adjusted EBITDA for the third quarter was $75.3 million, representing a margin of 41.5% 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 fourth quarter of 2021 and full year 2021.
Positive Outlook
- Total revenue in the range of $180.0 to $184.0 million, representing a decline over the fourth quarter of 2020 total revenue from continuing operations of (3)% to (1)%.
- Adjusted EBITDA in the range of $72.0 to $74.0 million, representing approximately 40% of total revenue.
- Non-GAAP diluted earnings per share of $0.25 to $0.26.
- Weighted average outstanding diluted shares of approximately 160.7 million.
- Total revenue in the range of $712.0 to $716.0 million, representing a decline over the full year of 2020 total revenue from continuing operations of (1)% to 0%.
- Adjusted EBITDA in the range of $296.9 to $298.9 million, representing approximately 42% of total revenue.
- Non-GAAP diluted earnings per share of $1.14 to $1.15.
- Weighted average outstanding diluted shares of approximately 160.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income