NEWR · New Relic, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $925.63M | $785.52M | $667.65M | $599.51M | $263.48M | $355.06M |
| Cost of Revenue | $246.38M | $256.28M | $181.56M | $103.24M | $77.40M | $62.73M |
| Gross Profit | $679.24M | $529.24M | $486.08M | $496.27M | $401.83M | $292.33M |
| R&D | $275.30M | $211.86M | $174.85M | $148.16M | $104.86M | $74.33M |
| SG&A | $189.07M | $151.91M | $120.93M | $99.28M | $73.01M | $57.79M |
| Total Operating Expenses | $864.49M | $757.79M | $657.48M | $581.76M | $434.93M | $339.14M |
| D&A | $63.38M | $86.06M | $89.31M | $75.74M | $53.79M | $23.24M |
| Operating Income | ($185.24M) | ($228.55M) | ($171.40M) | ($85.49M) | ($33.11M) | ($46.81M) |
| Interest Expense | $4.94M | $4.92M | $24.90M | $23.70M | $19.68M | $86.0K |
| Income Tax | $2.90M | $323.0K | $559.0K | $211.0K | $697.0K | $959.0K |
| Net Income | ($180.25M) | ($250.40M) | ($192.61M) | ($88.94M) | ($40.89M) | ($45.32M) |
| EPS - Basic | ($2.67) | ($1.52) | - | - | - | - |
| EPS - Diluted | ($2.67) | ($1.52) | - | - | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $625.73M | $268.69M | $240.82M | $292.52M | $234.36M | $132.48M |
| Accounts Receivable | $234.29M | $226.18M | $174.03M | $147.36M | $120.61M | $99.49M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $29.45M | $32.55M | $24.17M | $12.56M | $10.25M | $2.98M |
| Current Assets | $1.15B | $1.11B | $1.05B | $1.00B | $914.33M | $363.00M |
| Total Assets | $1.42B | $1.43B | $1.40B | $1.26B | $1.09B | $443.33M |
| Current Liabilities | $988.39M | $515.52M | $462.02M | $376.58M | $315.36M | $218.65M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.06B | $1.08B | $981.25M | $866.13M | $737.86M | $228.22M |
| Stockholders' Equity | $340.44M | $322.70M | $413.98M | $390.64M | $349.63M | $215.10M |
| Retained Earnings | ($963.55M) | ($783.31M) | ($587.12M) | ($394.51M) | ($305.57M) | ($305.48M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $53.77M | $3.62M | $69.87M | $93.42M | $115.52M | $35.65M |
| Investing Cash Flow | $279.88M | ($19.76M) | ($142.86M) | ($64.63M) | ($470.67M) | ($23.83M) |
| Financing Cash Flow | $23.40M | $44.14M | $21.29M | $26.21M | $457.63M | $32.36M |
| CapEx | $3.11M | $5.78M | $18.74M | $58.22M | $43.30M | $21.37M |
| Free Cash Flow | $50.66M | ($2.15M) | $51.13M | $35.20M | $72.21M | $14.28M |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 73.4% | 67.4% | 72.8% | 82.8% | 152.5% | 82.3% |
| Operating margin | -20.0% | -29.1% | -25.7% | -14.3% | -12.6% | -13.2% |
| EBITDA margin | -13.2% | -18.1% | -12.3% | -1.6% | 7.9% | -6.6% |
| Net margin | -19.5% | -31.9% | -28.8% | -14.8% | -15.5% | -12.8% |
| Free cash flow margin | 5.5% | -0.3% | 7.7% | 5.9% | 27.4% | 4.0% |
| FCF / Net income | -0.28 | 0.01 | -0.27 | -0.40 | -1.77 | -0.32 |
| R&D / Revenue | 29.7% | 27.0% | 26.2% | 24.7% | 39.8% | 20.9% |
| SG&A / Revenue | 20.4% | 19.3% | 18.1% | 16.6% | 27.7% | 16.3% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -12.7% | -17.5% | -13.8% | -7.1% | -3.8% | -10.2% |
| Return on equity | -52.9% | -77.6% | -46.5% | -22.8% | -11.7% | -21.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.16 | 2.15 | 2.27 | 2.66 | 2.90 | 1.66 |
| Quick ratio | 1.16 | 2.15 | 2.27 | 2.66 | 2.90 | 1.66 |
| Cash ratio | 0.63 | 0.52 | 0.52 | 0.78 | 0.74 | 0.61 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -37.5x | -46.4x | -6.9x | -3.6x | -1.7x | -544.3x |
| Equity multiplier | 4.17 | 4.42 | 3.38 | 3.22 | 3.12 | 2.06 |
| Liabilities / Assets | 0.74 | 0.76 | 0.70 | 0.69 | 0.68 | 0.51 |
| Efficiency | ||||||
| Asset turnover | 0.65 | 0.55 | 0.48 | 0.48 | 0.24 | 0.80 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 92d | 105d | 95d | 90d | 167d | 102d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 44d | 46d | 49d | 44d | 48d | 17d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.8% | 17.7% | 11.4% | 127.5% | -25.8% | 34.8% |
| Revenue CAGR (3y) | 15.6% | 43.9% | 23.4% | 31.5% | 13.3% | 128.7% |
| Revenue CAGR (5y) | 21.1% | 24.4% | 29.8% | 82.4% | - | - |
| Gross profit growth (YoY) | 28.3% | 8.9% | -2.1% | 23.5% | 37.5% | 36.9% |
| Operating income growth (YoY) | 18.9% | -33.3% | -100.5% | -158.2% | 29.3% | 23.7% |
| Net income growth (YoY) | 28.0% | -30.0% | -116.6% | -117.5% | 9.8% | 25.8% |
| EPS growth (YoY) | -75.7% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 45.2% | -51.3% | 405.6% | - |
| FCF CAGR (5y) | 28.8% | - | - | - | - | - |
| Book value growth (YoY) | 5.5% | -22.0% | 6.0% | 11.7% | 62.5% | 15.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-03-31.
Product / service
$925.63M totalConsumption$707.74M · 76.5%
Subscription$217.89M · 23.5%
Geographic
$925.63M totalUS$597.98M · 64.6%
EMEA$160.35M · 17.3%
Asia Pacific$100.22M · 10.8%
Other$67.08M · 7.2%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-0.11
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2023 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing NEW RELIC against the 5 most active filers in the same SIC group.