Financial Snapshot

Revenue
$339.7M
TTM
Gross Margin
66.86%
TTM
Net Earnings
-$86.60M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
61.51%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$444.4M
Q4 2024
Cash
Q4 2024
P/E
-8.694
Nov 29, 2024 EST
Free Cash Flow
$2.463M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $365.9M $463.5M $535.2M $561.0M $552.8M $518.7M $467.9M $429.5M $339.5M $262.1M $205.8M $172.8M
YoY Change -21.06% -13.4% -4.6% 1.5% 6.57% 10.86% 8.94% 26.5% 29.52% 27.37% 19.1%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $365.9M $463.5M $535.2M $561.0M $552.8M $518.7M $467.9M $429.5M $339.5M $262.1M $205.8M $172.8M
Cost Of Revenue $148.1M $191.6M $217.1M $242.2M $252.8M $246.1M $226.7M $212.6M $183.8M $144.8M $113.2M $93.40M
Gross Profit $217.8M $271.8M $318.1M $318.9M $300.0M $272.6M $242.8M $220.3M $155.7M $117.3M $92.60M $79.40M
Gross Profit Margin 59.52% 58.65% 59.43% 56.84% 54.27% 52.55% 51.9% 51.28% 45.86% 44.74% 45.0% 45.95%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $201.6M $278.0M $248.0M $246.7M $257.2M $233.7M $232.7M $205.1M $0.00 $0.00 $133.9M $118.7M
YoY Change -27.49% 12.12% 0.52% -4.08% 10.04% 0.45% 13.43% -100.0% 12.81%
% of Gross Profit 92.57% 102.28% 77.96% 77.37% 85.74% 85.74% 95.81% 93.12% 0.0% 0.0% 144.6% 149.5%
Research & Development $111.0M $141.8M $122.5M $105.0M $94.96M $87.61M $80.16M $71.03M $69.60M $45.09M $27.00M $22.90M
YoY Change -21.74% 15.79% 16.65% 10.58% 8.4% 9.29% 12.86% 2.06% 54.35% 67.01% 17.9%
% of Gross Profit 50.97% 52.18% 38.51% 32.93% 31.66% 32.14% 33.01% 32.25% 44.7% 38.45% 29.16% 28.84%
Depreciation & Amortization $31.89M $36.67M $40.52M $41.61M $42.93M $41.21M $42.17M $39.43M $40.64M $41.43M $37.03M $31.84M
YoY Change -13.02% -9.51% -2.63% -3.07% 4.19% -2.29% 6.97% -2.98% -1.9% 11.87% 16.3%
% of Gross Profit 14.65% 13.49% 12.74% 13.05% 14.31% 15.12% 17.37% 17.9% 26.1% 35.32% 39.99% 40.1%
Operating Expenses $312.6M $419.9M $370.5M $351.7M $352.1M $321.3M $312.8M $276.1M $261.7M $178.4M $160.9M $141.6M
YoY Change -25.55% 13.33% 5.33% -0.13% 9.59% 2.72% 13.29% 5.51% 46.72% 10.86% 13.63%
Operating Profit -$94.82M -$148.0M -$52.37M -$32.84M -$52.17M -$48.73M -$69.98M -$55.88M -$106.0M -$61.09M -$68.30M -$62.20M
YoY Change -35.94% 182.64% 59.51% -37.07% 7.06% -30.36% 25.24% -47.29% 73.52% -10.55% 9.81%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense -$2.554M $1.248M -$3.532M $1.000M $900.0K $2.800M -$2.700M $2.500M -$6.600M -$100.0K -$200.0K -$200.0K
YoY Change -304.65% -135.33% -453.2% 11.11% -67.86% -203.7% -208.0% -137.88% 6500.0% -50.0% 0.0%
% of Operating Profit
Other Income/Expense, Net -$2.554M $1.248M -$3.532M $1.034M $850.0K $2.778M -$2.735M $2.490M -$6.569M -$142.0K
YoY Change -304.65% -135.33% -441.59% 21.65% -69.4% -201.57% -209.84% -137.91% 4526.06%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$114.5M -$146.8M -$55.91M -$31.80M -$51.32M -$45.95M -$72.72M -$53.39M -$112.6M -$61.24M -$68.40M -$62.30M
YoY Change -21.98% 162.55% 75.8% -38.04% 11.69% -36.8% 36.2% -52.58% 83.84% -10.48% 9.79%
Income Tax -$28.48M -$32.28M -$16.12M -$9.899M -$19.66M -$6.853M -$62.30M -$21.75M -$40.20M -$22.75M -$23.90M -$20.80M
% Of Pretax Income
Net Earnings -$86.04M -$114.5M -$39.79M -$21.90M -$31.67M -$39.10M -$10.42M -$31.64M -$72.38M -$38.49M -$44.50M -$41.50M
YoY Change -24.85% 187.75% 81.68% -30.83% -19.01% 275.36% -67.08% -56.29% 88.05% -13.51% 7.23%
Net Earnings / Revenue -23.52% -24.7% -7.43% -3.9% -5.73% -7.54% -2.23% -7.37% -21.32% -14.68% -21.62% -24.02%
Basic Earnings Per Share -$1.00 -$1.36 -$0.48
Diluted Earnings Per Share -$1.00 -$1.36 -$479.9K -$269.0K -$393.3K -$484.5K -$129.5K -$407.2K -$890.5K -$473.6K -$547.4K -$510.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $68.66M $143.5M $220.7M $220.3M $181.8M $129.6M $101.5M $116.6M $33.40M $6.700M $2.400M
YoY Change -52.16% -34.96% 0.16% 21.18% 40.28% 27.68% -12.95% 249.1% 398.51% 179.17%
Cash & Equivalents $68.66M $143.5M $220.7M $220.3M $181.8M $129.6M $101.5M $116.6M $33.40M $6.700M $2.400M
Short-Term Investments
Other Short-Term Assets $13.78M $17.53M $14.40M $17.30M $17.40M $20.80M $40.60M $22.70M $26.20M $14.60M $12.20M
YoY Change -21.39% 21.7% -16.76% -0.57% -16.35% -48.77% 78.85% -13.36% 79.45% 19.67%
Inventory $727.0K $620.0K $505.0K $600.0K $700.0K $500.0K $1.000M $1.900M $3.500M $2.400M $1.000M
Prepaid Expenses
Receivables $54.27M $72.63M $86.23M $108.0M $111.8M $141.3M $157.8M $113.5M $116.4M $70.90M $47.20M
Other Receivables $0.00 $0.00 $11.64M $0.00 $10.00M $6.900M $0.00 $25.10M $0.00 $3.700M $17.70M
Total Short-Term Assets $137.4M $234.3M $333.4M $346.2M $321.8M $299.0M $300.9M $279.8M $179.5M $98.20M $80.50M
YoY Change -41.34% -29.73% -3.69% 7.58% 7.63% -0.63% 7.54% 55.88% 82.79% 21.99%
Property, Plant & Equipment $7.218M $13.89M $25.87M $39.50M $51.10M $36.00M $33.50M $31.20M $22.80M $26.20M $28.30M
YoY Change -48.03% -46.31% -34.51% -22.7% 41.94% 7.46% 7.37% 36.84% -12.98% -7.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.43M $60.97M $68.35M $76.00M $78.60M $78.20M $72.10M $5.700M $9.300M $3.800M $2.400M
YoY Change 17.16% -10.8% -10.07% -3.31% 0.51% 8.46% 1164.91% -38.71% 144.74% 58.33%
Total Long-Term Assets $587.4M $606.6M $653.9M $699.2M $726.2M $737.2M $756.2M $715.3M $738.3M $764.5M $785.0M
YoY Change -3.17% -7.23% -6.48% -3.72% -1.49% -2.51% 5.72% -3.12% -3.43% -2.61%
Total Assets $724.8M $840.9M $987.3M $1.045B $1.048B $1.036B $1.057B $995.1M $917.8M $862.7M $865.5M
YoY Change
Accounts Payable $8.974M $18.85M $15.06M $16.80M $18.70M $16.20M $23.30M $19.90M $22.10M $19.80M $14.20M
YoY Change -52.38% 25.13% -10.35% -10.16% 15.43% -30.47% 17.09% -9.95% 11.62% 39.44%
Accrued Expenses $61.90M $81.57M $60.20M $63.20M $52.50M $48.20M $81.60M $36.80M $29.40M $15.80M $19.60M
YoY Change -24.12% 35.48% -4.74% 20.38% 8.92% -40.93% 121.74% 25.17% 86.08% -19.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.00M $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $202.1M $245.6M $266.5M $294.3M $293.4M $260.5M $242.6M $199.5M $220.0M $126.4M $83.30M
YoY Change -17.7% -7.84% -9.45% 0.31% 12.63% 7.38% 21.6% -9.32% 74.05% 51.74%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.34M $37.33M $40.60M $45.80M $44.40M $28.60M $83.40M $17.70M $21.00M $13.30M $13.60M
YoY Change -42.83% -8.06% -11.35% 3.15% 55.24% -65.71% 371.19% -15.71% 57.89% -2.21%
Total Long-Term Liabilities $21.34M $37.33M $40.60M $45.80M $44.40M $28.60M $83.40M $17.70M $21.00M $13.30M $13.60M
YoY Change -42.83% -8.06% -11.35% 3.15% 55.24% -65.71% 371.19% -15.71% 57.89% -2.21%
Total Liabilities $223.5M $282.9M $339.2M $377.6M $381.2M $343.5M $326.0M $303.7M $329.3M $255.8M $230.7M
YoY Change -21.02% -16.61% -10.16% -0.94% 10.98% 5.37% 7.34% -7.77% 28.73% 10.88%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 86.05M shares 84.39M shares 82.92M shares 81.36M shares 80.56M shares
Diluted Shares Outstanding 86.05M shares 84.39M shares 82.92M shares 81.36M shares 80.56M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $752.9 Million

About SecureWorks Corp

SecureWorks Corp. is a cyber security company engaged in the provision of information security solutions. The company is headquartered in Atlanta, Georgia and currently employs 1,516 full-time employees. The company went IPO on 2016-04-22. The Company’s proprietary Taegis security platform utilizes an open architecture that is designed to process a variety of telemetry to see security threats and to leverage its customers’ existing investments. Its solutions collect and process vast amounts of data across the information technology (IT), ecosystem by integrating an array of proprietary and third-party security products. This open-platform approach allows it to aggregate events from a range of endpoint, network, cloud, and business systems to increase the effectiveness of its solutions. The firm offers its customers: software-as-a-service (SaaS) solutions, managed solutions and professional services, including incident response and penetration testing services. Taegis offerings include two applications, Extended Detection and Response (XDR), and Vulnerability Detection and Response (VDR).

Industry: Services-Prepackaged Software Peers: MICROSOFT CORP A10 Networks, Inc. Appgate, Inc. Arteris, Inc. TELOS CORP ZeroFox Holdings, Inc. OneSpan Inc. Adeia Inc. ZUORA INC