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 | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $242.76M | $242.63M | $216.46M | $239.76M | $226.91M | $180.48M | $203.59M | $195.69M | $162.59M | $166.34M |
| Cost of Revenue | $52.71M | $54.44M | $63.89M | $61.32M | $64.78M | $59.26M | $68.79M | $64.26M | $33.27M | $45.97M |
| Gross Profit | $190.05M | $188.19M | $152.57M | $178.45M | $162.13M | $121.22M | $134.80M | $131.43M | $129.31M | $120.37M |
| R&D | $69.41M | $80.31M | $64.77M | $69.26M | $68.73M | $48.73M | $53.36M | $51.37M | $40.84M | $45.77M |
| SG&A | $57.02M | $46.85M | $39.03M | $42.80M | $42.48M | $43.56M | $35.61M | $34.01M | $29.43M | $30.25M |
| Total Operating Expenses | $210.53M | $221.18M | $208.22M | $207.54M | $207.42M | $195.11M | $186.70M | $178.45M | $155.41M | $168.41M |
| D&A | $4.60M | $6.73M | $17.87M | $10.00M | $7.30M | $23.02M | $10.30M | $10.80M | $21.05M | $11.60M |
| Operating Income | ($20.48M) | ($32.99M) | ($55.65M) | ($29.09M) | ($45.29M) | ($73.89M) | ($51.90M) | ($47.02M) | ($26.10M) | ($48.04M) |
| Interest Expense | $15.0K | $429.0K | $1.23M | $1.28M | $1.23M | $1.23M | $1.23M | $1.23M | $6.10M | $6.23M |
| Income Tax | $76.0K | $2.83M | $267.0K | $1.12M | ($381.0K) | ($453.0K) | $763.0K | $506.0K | $332.0K | $564.0K |
| Net Income | ($23.75M) | ($37.43M) | ($50.24M) | ($26.00M) | ($46.77M) | ($78.41M) | ($62.71M) | ($53.77M) | ($29.76M) | ($53.63M) |
| EPS - Basic | ($0.34) | ($0.54) | ($0.76) | ($0.38) | ($0.70) | ($0.50) | ($0.88) | ($0.84) | - | - |
| EPS - Diluted | ($0.34) | ($0.54) | ($0.76) | ($0.38) | ($0.70) | ($1.24) | ($0.96) | ($0.84) | - | - |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $301.88M | $240.70M | $625.73M | $506.81M | $471.06M | $268.69M | $245.83M | $231.92M | $240.82M | $211.15M |
| Accounts Receivable | $150.27M | $132.00M | $234.29M | $197.93M | $112.61M | $226.18M | $177.08M | $103.10M | $174.03M | $143.78M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $28.28M | $39.36M | $29.45M | $29.26M | $34.46M | $32.55M | $25.87M | $37.89M | $24.17M | $22.03M |
| Current Assets | $622.75M | $621.87M | $1.15B | $1.04B | $989.70M | $1.11B | $1.01B | $941.23M | $1.05B | $979.37M |
| Total Assets | $895.01M | $891.28M | $1.42B | $1.34B | $1.30B | $1.43B | $1.34B | $1.29B | $1.40B | $1.33B |
| Current Liabilities | $394.75M | $438.53M | $988.39M | $901.66M | $900.11M | $515.52M | $404.67M | $363.39M | $462.02M | $384.64M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $473.36M | $511.18M | $1.06B | $974.74M | $962.97M | $1.08B | $981.57M | $932.17M | $981.25M | $900.94M |
| Stockholders' Equity | $387.44M | $352.89M | $340.44M | $342.10M | $322.96M | $322.70M | $337.35M | $341.87M | $413.98M | $431.96M |
| Retained Earnings | ($1.02B) | ($1.00B) | ($963.55M) | ($906.33M) | ($880.32M) | ($783.31M) | ($727.79M) | ($665.09M) | ($587.12M) | ($525.44M) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $78.31M | $43.01M | - | - | $9.87M | - | - | $35.15M | - |
| Investing Cash Flow | - | $34.12M | ($9.94M) | - | - | $4.41M | - | - | ($72.22M) | - |
| Financing Cash Flow | - | ($497.45M) | $1.73M | - | - | $4.80M | - | - | $1.42M | - |
| CapEx | - | $515.0K | $1.29M | - | - | $2.23M | - | - | $8.22M | - |
| Free Cash Flow | - | $77.79M | $41.72M | - | - | $7.65M | - | - | $26.92M | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 78.3% | 77.6% | 70.5% | 74.4% | 71.5% | 67.2% | 66.2% | 67.2% | 79.5% | 72.4% |
| Operating margin | -8.4% | -13.6% | -25.7% | -12.1% | -20.0% | -40.9% | -25.5% | -24.0% | -16.1% | -28.9% |
| EBITDA margin | -6.5% | -10.8% | -17.5% | -8.0% | -16.7% | -28.2% | -20.4% | -18.5% | -3.1% | -21.9% |
| Net margin | -9.8% | -15.4% | -23.2% | -10.8% | -20.6% | -43.4% | -30.8% | -27.5% | -18.3% | -32.2% |
| Free cash flow margin | - | 32.1% | 19.3% | - | - | 4.2% | - | - | 16.6% | - |
| FCF / Net income | - | -2.08 | -0.83 | - | - | -0.10 | - | - | -0.90 | - |
| R&D / Revenue | 28.6% | 33.1% | 29.9% | 28.9% | 30.3% | 27.0% | 26.2% | 26.2% | 25.1% | 27.5% |
| SG&A / Revenue | 23.5% | 19.3% | 18.0% | 17.9% | 18.7% | 24.1% | 17.5% | 17.4% | 18.1% | 18.2% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.7% | -4.2% | -3.5% | -1.9% | -3.6% | -5.5% | -4.7% | -4.2% | -2.1% | -4.0% |
| Return on equity | -6.1% | -10.6% | -14.8% | -7.6% | -14.5% | -24.3% | -18.6% | -15.7% | -7.2% | -12.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.58 | 1.42 | 1.16 | 1.15 | 1.10 | 2.15 | 2.49 | 2.59 | 2.27 | 2.55 |
| Quick ratio | 1.58 | 1.42 | 1.16 | 1.15 | 1.10 | 2.15 | 2.49 | 2.59 | 2.27 | 2.55 |
| Cash ratio | 0.76 | 0.55 | 0.63 | 0.56 | 0.52 | 0.52 | 0.61 | 0.64 | 0.52 | 0.55 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1365.3x | -76.9x | -45.2x | -22.7x | -36.7x | -60.3x | -42.3x | -38.3x | -4.3x | -7.7x |
| Equity multiplier | 2.31 | 2.53 | 4.17 | 3.90 | 4.04 | 4.42 | 3.98 | 3.77 | 3.38 | 3.09 |
| Liabilities / Assets | 0.53 | 0.57 | 0.74 | 0.73 | 0.74 | 0.76 | 0.73 | 0.72 | 0.70 | 0.68 |
| Efficiency | ||||||||||
| Asset turnover | 0.27 | 0.27 | 0.15 | 0.18 | 0.17 | 0.13 | 0.15 | 0.15 | 0.12 | 0.12 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 226d | 199d | 395d | 301d | 181d | 457d | 317d | 192d | 391d | 315d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 196d | 264d | 168d | 174d | 194d | 200d | 137d | 215d | 265d | 175d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.0% | 12.1% | 19.9% | 17.8% | 16.0% | 11.0% | 22.4% | 17.8% | 15.3% | 8.7% |
| Revenue CAGR (3y) | 13.5% | 14.3% | 15.4% | 16.1% | 15.9% | 18.6% | 18.0% | 32.2% | 26.6% | 21.9% |
| Revenue CAGR (5y) | 23.4% | 17.5% | 22.0% | 21.2% | 21.8% | 25.2% | 24.5% | 25.3% | 33.6% | 28.4% |
| Gross profit growth (YoY) | 17.2% | 23.3% | 25.9% | 32.4% | 23.4% | -6.3% | 12.0% | 8.8% | 10.1% | -4.9% |
| Operating income growth (YoY) | 54.8% | 40.7% | 24.7% | 44.0% | 3.7% | -183.1% | -8.0% | -9.5% | -54.5% | -98.4% |
| Net income growth (YoY) | 49.2% | 25.5% | 35.9% | 58.5% | 13.0% | -163.5% | -16.9% | -13.1% | -96.2% | -97.2% |
| EPS growth (YoY) | 51.4% | 28.9% | 38.7% | 60.4% | 16.7% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 86.5% | 445.6% | - | - | -71.6% | - | - | -21.2% | - |
| FCF CAGR (5y) | - | 12.4% | 32.4% | - | - | 32.4% | - | - | - | - |
| Book value growth (YoY) | 20.0% | 3.7% | 5.5% | 1.4% | -5.5% | -22.0% | -21.9% | -11.8% | 6.0% | 15.6% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing NEW RELIC against the 5 most active filers in the same SIC group.