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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.48M | $41.21M | - | $35.30M | $32.57M | $30.60M | - | $27.46M | $16.18M | $22.17M |
| Cost of Revenue | $2.42M | $1.89M | - | $1.71M | $2.03M | $841.0K | - | $549.0K | $513.0K | $295.0K |
| Gross Profit | $40.05M | $39.32M | - | $33.58M | $30.54M | $29.76M | - | $26.91M | $16.08M | $21.88M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $25.49M | $29.46M | - | $25.54M | $21.20M | $22.69M | - | $18.98M | $20.02M | $15.39M |
| Total Operating Expenses | $56.33M | $58.78M | - | $52.67M | $47.30M | $46.80M | - | $40.07M | $35.55M | $34.26M |
| D&A | $23.95M | $23.09M | - | $21.05M | $19.32M | $18.75M | - | $16.83M | $11.71M | $14.08M |
| Operating Income | ($16.27M) | ($19.46M) | - | ($19.09M) | ($16.76M) | ($17.04M) | - | ($13.16M) | ($19.47M) | ($12.38M) |
| Interest Expense | $18.96M | $17.67M | - | $16.77M | $16.71M | $16.10M | - | $12.33M | $12.27M | $8.99M |
| Income Tax | ($201.0K) | ($1.58M) | - | $4.04M | ($577.0K) | ($3.17M) | - | ($92.0K) | $6.14M | ($722.0K) |
| Net Income | ($41.86M) | ($45.59M) | - | $23.55M | $22.17M | ($4.44M) | - | ($8.46M) | ($25.55M) | ($7.58M) |
| EPS - Basic | ($0.43) | ($0.05) | - | $0.24 | ($0.20) | - | - | - | - | - |
| EPS - Diluted | ($0.43) | ($0.48) | - | ($0.11) | ($0.50) | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $282.01M | $197.88M | $224.26M | $403.97M | $488.48M | $565.74M | $456.15M | $374.04M | $281.81M | $86.98M |
| Accounts Receivable | $10.50M | $11.32M | $8.20M | $7.24M | $7.99M | $9.75M | $7.93M | $7.68M | $6.69M | $7.81M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $4.27M | $2.67M | $3.32M | $1.51M | $4.78M | $3.79M | $1.89M | $2.65M | $1.83M | $1.78M |
| Current Assets | $344.33M | $275.97M | $302.41M | $440.95M | $519.63M | $598.97M | $486.85M | $405.45M | $308.54M | $115.84M |
| Total Assets | $2.62B | $2.45B | $2.45B | $2.30B | $2.41B | $2.46B | $2.24B | $1.92B | $1.74B | $1.49B |
| Current Liabilities | $109.07M | $97.02M | $98.88M | $89.90M | $86.53M | $86.51M | $75.88M | $72.32M | $72.58M | $73.36M |
| Long-term Debt | $1.69B | $1.52B | $1.50B | $1.41B | $1.48B | $1.49B | $1.27B | $1.12B | $883.51M | $805.33M |
| Total Liabilities | $1.99B | $1.79B | $1.77B | $1.61B | $1.68B | $1.69B | $1.45B | $1.30B | $1.06B | $976.77M |
| Stockholders' Equity | $610.81M | $633.93M | $635.31M | $643.00M | $682.94M | $718.15M | $732.83M | $566.91M | $626.16M | $458.71M |
| Retained Earnings | ($426.26M) | ($384.40M) | ($338.82M) | ($236.85M) | ($260.40M) | ($282.57M) | ($278.13M) | ($263.80M) | ($255.34M) | ($220.82M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($2.02M) | - | - | - | ($4.66M) | - | - | - | $600.0K |
| Investing Cash Flow | - | ($41.30M) | - | - | - | ($73.32M) | - | - | - | ($105.01M) |
| Financing Cash Flow | - | ($10.87M) | - | - | - | $244.47M | - | - | - | $87.63M |
| CapEx | - | $231.0K | - | - | - | $195.0K | - | - | - | $328.0K |
| Free Cash Flow | - | ($2.25M) | - | - | - | ($4.85M) | - | - | - | $272.0K |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 94.3% | 95.4% | - | 95.1% | 93.8% | 97.3% | - | 98.0% | 99.4% | 98.7% |
| Operating margin | -38.3% | -47.2% | - | -54.1% | -51.4% | -55.7% | - | -47.9% | -120.3% | -55.8% |
| EBITDA margin | 18.1% | 8.8% | - | 5.5% | 7.9% | 5.6% | - | 13.4% | -47.9% | 7.7% |
| Net margin | -98.5% | -110.6% | - | 66.7% | 68.1% | -14.5% | - | -30.8% | -157.9% | -34.2% |
| Free cash flow margin | - | -5.5% | - | - | - | -15.9% | - | - | - | 1.2% |
| FCF / Net income | - | 0.05 | - | - | - | 1.09 | - | - | - | -0.04 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 60.0% | 71.5% | - | 72.4% | 65.1% | 74.1% | - | 69.1% | 123.7% | 69.4% |
| Effective tax rate | - | - | - | 14.6% | -2.7% | - | - | - | - | - |
| Return on assets | -1.6% | -1.9% | - | 1.0% | 0.9% | -0.2% | - | -0.4% | -1.5% | -0.5% |
| Return on equity | -6.9% | -7.2% | - | 3.7% | 3.2% | -0.6% | - | -1.5% | -4.1% | -1.7% |
| Return on invested capital | -0.6% | -0.7% | - | -0.8% | -0.8% | -0.6% | - | -0.6% | -1.0% | -0.8% |
| Liquidity | ||||||||||
| Current ratio | 3.16 | 2.84 | 3.06 | 4.91 | 6.01 | 6.92 | 6.42 | 5.61 | 4.25 | 1.58 |
| Quick ratio | 3.16 | 2.84 | 3.06 | 4.91 | 6.01 | 6.92 | 6.42 | 5.61 | 4.25 | 1.58 |
| Cash ratio | 2.59 | 2.04 | 2.27 | 4.49 | 5.65 | 6.54 | 6.01 | 5.17 | 3.88 | 1.19 |
| Leverage | ||||||||||
| Debt / Equity | 2.77 | 2.40 | 2.37 | 2.20 | 2.17 | 2.08 | 1.74 | 1.98 | 1.41 | 1.76 |
| Debt / Assets | 0.65 | 0.62 | 0.61 | 0.61 | 0.61 | 0.61 | 0.57 | 0.59 | 0.51 | 0.54 |
| Debt / EBITDA | 220.46 | 419.92 | - | 721.23 | 576.73 | 871.06 | - | 305.95 | - | 474.28 |
| Interest coverage | -0.9x | -1.1x | - | -1.1x | -1.0x | -1.1x | - | -1.1x | -1.6x | -1.4x |
| Equity multiplier | 4.29 | 3.87 | 3.86 | 3.58 | 3.53 | 3.43 | 3.05 | 3.38 | 2.78 | 3.25 |
| Liabilities / Assets | 0.76 | 0.73 | 0.72 | 0.70 | 0.70 | 0.69 | 0.65 | 0.68 | 0.61 | 0.66 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | 0.02 | - | 0.02 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.01 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 90d | 100d | - | 75d | 90d | 116d | - | 102d | 151d | 129d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 644d | 515d | - | 322d | 861d | 1644d | - | 1759d | 1301d | 2200d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 30.4% | 34.7% | - | 28.5% | 101.3% | 38.0% | - | 53.8% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 31.1% | 32.1% | - | 24.8% | 90.0% | 36.0% | - | 52.4% | - | - |
| Operating income growth (YoY) | 2.9% | -14.2% | - | -45.1% | 13.9% | -37.6% | - | - | - | - |
| Net income growth (YoY) | - | -927.4% | - | - | - | 41.5% | - | 78.0% | - | - |
| EPS growth (YoY) | 14.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 53.7% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.6% | -11.7% | -13.3% | 13.4% | 9.1% | 56.6% | 53.8% | 15.4% | - | - |
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%
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.