MariaDB plc
mariadb.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Aug 14, 2024. Its latest SEC filing is a SC 13G/A from Nov 14, 2024.
10-Q for Q3 FY2024, filed Aug 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides open-source relational database software and paid enterprise database products and services to organizations across industries, particularly enterprises with substantial data and application needs.
10-K for FY2023, filed Dec 29, 2023MariaDB provides an open source relational database built for all clouds (public, private and hybrid). It delivers the flexibility and…View ↗
Solidified as a stalwart open-source company, we began to introduce new premium products to monetize our existing base and expand into new…View ↗
Our sales and marketing teams collaborate closely to drive awareness and adoption of our database solutions, accelerate customer…View ↗
How Did They Make Money?
Customers pay subscription fees for access to MariaDB database solutions, generally under one-year contracts and sometimes contracts up to three years; the fees are spread over the contract term. MariaDB also earns fees for support and professional services as it provides them.
10-K for FY2023, filed Dec 29, 2023Subscriptions: subscriptions to MariaDB Enterprise solutions are sold in conjunction with post-contract support, or PCS. Our subscription…View ↗
The Company derives revenues from subscriptions that require customers to pay a fee in order to access the Company’s database solutions.…View ↗
Most of the Company’s revenue contracts are subscription based and contain a single performance obligation. The subscription contracts…View ↗
As the Company's cloud-oriented subscription services are delivered to customers electronically and over time, revenue is generally…View ↗
Service revenue is related to the provisioning of support to customers. The service revenue is recognized as earned.View ↗
$53.1M
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10-K for FY2023, filed Dec 30, 2023
$53.1M ↗
Who Were Their Customers?
Organizations across industries—including financial services, government, technology, retail, telecommunications and transportation—buy MariaDB. It sells directly to organizations and also reaches buyers through resellers, value-added resellers, software vendors and OEMs.
10-K for FY2023, filed Dec 29, 2023Excluding customers of our SkySQL and Xpand products, which will no longer be sold as part of the restructuring plan discussed above, we…View ↗
Our sales and marketing teams collaborate closely to drive awareness and adoption of our database solutions, accelerate customer…View ↗
Our “go-to-market” model is focused on driving awareness and adoption of our database solutions with the goal of converting usage of…View ↗
MariaDB has developed strengthening global alliances and regional partnerships to facilitate further adoption into enterprise accounts. We…View ↗
Did Revenues Turn Into Profits?
No. It lost $51.9M in FY2023.
10-K for FY2023, filed Dec 30, 2023
−$47.8MView ↗
10-K for FY2023, filed Dec 30, 2023
−$51.9MView ↗
10-K for FY2023, filed Dec 30, 2023
−$35.9MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Aug 15, 2024
−$9.5MView ↗
- ▼ −2% (Loss)
- vs −$9.7M in Q3 FY2023
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Aug 16, 2024
MariaDB approved delisting after Bidco's acquisition of remaining shares
The board approved delisting the shares and warrants; MariaDB asked the NYSE to remove them after shares not held by Bidco were exchanged for cash.
Sources
8-K, filed Aug 16, 2024
On August 16, 2024, the board of directors of the Company approved the delisting and deregistration of the MariaDB Shares and MariaDB…View ↗
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Jul 25, 2024
Bidco's offer for MariaDB shares became unconditional and closed
Bidco received acceptances for 88.70% of the issued share capital, and cash consideration was settled on July 25, 2024.
Sources
8-K, filed Jul 25, 2024
According to the Bidco press release, as of the Expiration Time, Bidco received valid acceptances in respect of a total of 61,263,283…View ↗
Who Did They Compete With?
Competes with IBM, Microsoft, Oracle, AWS, Google Cloud, Microsoft Azure, Alibaba Cloud, IBM Cloud, Oracle Cloud, MongoDB, and Couchbase
10-K for FY2023, filed Dec 29, 2023We primarily compete with established relational database software providers, such as IBM, Microsoft and Oracle. We compete and partner…View ↗
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