RADI · Radius Global Infrastructure, 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $135.46M | $103.61M | $55.71M |
| Cost of Revenue | $6.95M | $2.49M | $326.0K |
| Gross Profit | $128.51M | $101.12M | $55.38M |
| R&D | - | - | - |
| SG&A | $96.57M | $73.15M | $36.78M |
| Total Operating Expenses | $200.83M | $156.39M | $59.38M |
| D&A | $79.32M | $64.44M | $19.13M |
| Operating Income | ($72.33M) | ($55.28M) | ($4.00M) |
| Interest Expense | $67.17M | $47.37M | $32.04M |
| Income Tax | ($3.95M) | ($327.0K) | $2.47M |
| Net Income | ($60.69M) | ($64.89M) | ($182.09M) |
| EPS - Basic | ($1.35) | - | - |
| EPS - Diluted | ($1.08) | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $224.26M | $456.15M | $99.90M |
| Accounts Receivable | $8.20M | $7.93M | $7.83M |
| Inventory | - | - | - |
| Accounts Payable | $3.32M | $1.89M | $718.0K |
| Current Assets | $302.41M | $486.85M | $126.69M |
| Total Assets | $2.45B | $2.24B | $1.43B |
| Current Liabilities | $98.88M | $75.88M | $66.11M |
| Long-term Debt | $1.50B | $1.27B | $728.47M |
| Total Liabilities | $1.77B | $1.45B | $896.16M |
| Stockholders' Equity | $635.31M | $732.83M | $476.49M |
| Retained Earnings | ($338.82M) | ($278.13M) | ($213.24M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($13.08M) | ($14.49M) | ($6.59M) |
| Investing Cash Flow | ($572.62M) | ($470.71M) | ($73.91M) |
| Financing Cash Flow | $287.58M | $902.79M | $59.10M |
| CapEx | $549.0K | $987.0K | $317.0K |
| Free Cash Flow | ($13.63M) | ($15.48M) | ($6.91M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 94.9% | 97.6% | 99.4% |
| Operating margin | -53.4% | -53.4% | -7.2% |
| EBITDA margin | 5.2% | 8.8% | 27.2% |
| Net margin | -44.8% | -62.6% | -326.9% |
| Free cash flow margin | -10.1% | -14.9% | -12.4% |
| FCF / Net income | 0.22 | 0.24 | 0.04 |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 71.3% | 70.6% | 66.0% |
| Effective tax rate | - | - | - |
| Return on assets | -2.5% | -2.9% | -12.7% |
| Return on equity | -9.6% | -8.9% | -38.2% |
| Return on invested capital | -2.7% | -2.2% | -0.3% |
| Liquidity | |||
| Current ratio | 3.06 | 6.42 | 1.92 |
| Quick ratio | 3.06 | 6.42 | 1.92 |
| Cash ratio | 2.27 | 6.01 | 1.51 |
| Leverage | |||
| Debt / Equity | 2.37 | 1.74 | 1.53 |
| Debt / Assets | 0.61 | 0.57 | 0.51 |
| Debt / EBITDA | 214.89 | 138.86 | 48.13 |
| Interest coverage | -1.1x | -1.2x | -0.1x |
| Equity multiplier | 3.86 | 3.05 | 3.00 |
| Liabilities / Assets | 0.72 | 0.65 | 0.63 |
| Efficiency | |||
| Asset turnover | 0.06 | 0.05 | 0.04 |
| Inventory turnover | - | - | - |
| Days sales outstanding | 22d | 28d | 51d |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | 174d | 277d | 804d |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 30.7% | 86.0% | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 27.1% | 82.6% | - |
| Operating income growth (YoY) | -30.8% | -1282.6% | - |
| Net income growth (YoY) | 6.5% | 64.4% | - |
| EPS growth (YoY) | - | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | 12.0% | -124.2% | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -13.3% | 53.8% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$103.61M totalOther Foreign Countries$35.86M · 34.6%
IT$25.91M · 25.0%
GB$24.04M · 23.2%
US$17.80M · 17.2%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.06
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 2022 · 9-point quality
3/9
Weak
- ✗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: Lessors of Real Property, NEC
Comparing Radius Global Infrastructure against the 5 most active filers in the same SIC group.