SolarWinds Corp
solarwinds.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 19, 2025. Its latest SEC filing is a 15-12G from Apr 28, 2025.
10-K for FY2024, filed Feb 19, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells software for monitoring and managing IT systems to technology professionals and organizations across industries.
10-K for FY2024, filed Feb 19, 2025Our business is focused on building products to enable technology professionals and leaders to securely monitor and manage the performance…View ↗
Our products are designed to monitor and manage networks, systems, databases and applications across self-hosted, multi-cloud and hybrid IT…View ↗
Our approach has enabled us to market and sell our products directly to network and systems engineers, database administrators, storage…View ↗
Our customers represent organizations ranging in size from very small businesses to large enterprises and span a broad range of industries…View ↗
How Did They Make Money?
Customers pay for hosted software and maintenance support over the subscription or contract term, while perpetual-license sales are one-time purchases delivered by license key.
10-K for FY2024, filed Feb 19, 2025We primarily generate recurring revenue from fees received for subscriptions and from the sale of maintenance services associated with our…View ↗
Identify the contract with a customer. We generally use a purchase order, an authorized credit card, an electronic or manually signed…View ↗
Over the subscription term, once the service is made available to the customer (over time)View ↗
Upon the delivery of the license key or password that provides immediate availability of the product (point in time)View ↗
Ratably over the contract period (over time)View ↗
Ratably over the contract period (over time)View ↗
-
10-K for FY2024, filed Feb 19, 2025
FY2024 revenue by product or service ↗
$796.9M
-
10-K for FY2024, filed Feb 20, 2025
$796.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription
|
38%
FY2021: 17%
|
Subscription, FY2024
$304.5M Sources
|
|
|
Maintenance
Recurring
10-K for FY2024, filed Feb 19, 2025 |
55%
FY2021: 67%
|
Maintenance, FY2024
$440.6M Sources
|
Recurring |
|
License
Sold outright
|
6.5%
FY2021: 16%
|
License, FY2024
$51.8M Sources
|
Sold outright |
Who Were Their Customers?
Sells directly to technology professionals and business leaders, and through distributors, resellers, and marketplaces to organizations ranging from very small businesses to large enterprises.
10-K for FY2024, filed Feb 19, 2025Our customers represent organizations ranging in size from very small businesses to large enterprises and span a broad range of industries…View ↗
We market and sell our products directly to technology professionals and business leaders with a primarily low-touch, high-velocity digital…View ↗
Identify the contract with a customer. We generally use a purchase order, an authorized credit card, an electronic or manually signed…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2024 and turned 23 cents into free cash flow.
10-K for FY2024, filed Feb 20, 2025
$208.4MView ↗
10-K for FY2024, filed Feb 20, 2025
$111.9MView ↗
10-K for FY2024, filed Feb 20, 2025
$182.7MView ↗
How Were They Changing?
-
Apr 16, 2025
Turn/River completed its acquisition of SolarWinds
Shareholders received $18.50 per share in cash, and SolarWinds became privately held and left the New York Stock Exchange.
Sources
8-K, filed Apr 16, 2025
SolarWinds shareholders receive $18.50 per share in cash, with a total enterprise value of $4.4 billion; SolarWinds becomes a privately…View ↗
Grew. Revenue grew 11% in 4 years, from $716.8M in FY2020 to $796.9M in FY2024, about 3% a year.
Broader subscription offerings
The latest report describes observability and database products among subscription sales; the older report describes subscriptions from application performance management and service desk products.
10-K for FY2021, filed Feb 25, 2022 10-K for FY2024, filed Feb 19, 2025We have grown while maintaining high levels of operating efficiency. We currently derive our revenue from a combination of subscription…View ↗
Our products are designed to monitor and manage networks, systems, databases and applications across self-hosted, multi-cloud and hybrid IT…View ↗
Who Did They Compete With?
Competes with BMC Software, Cisco Systems, IBM, Micro Focus, Datadog, Dynatrace, New Relic, Atlassian, Freshworks, ServiceNow, Quest, and Redgate
10-K for FY2024, filed Feb 19, 2025network management and IT vendors such as BMC Software, Cisco Systems, IBM and Micro Focus; cloud and application performance monitoring…View ↗
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