Altair Engineering Inc. (ALTR) Financial Statements (2026 and earlier)

Company Profile

Business Address 1820 E. BIG BEAVER ROAD
TROY, MI 48083
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments513,371507,008557,605467,459431,188418,338
Cash and cash equivalent513,371507,008557,605467,459431,188418,338
Receivables142,139144,242146,768207,111134,257138,765
Other undisclosed current assets31,48928,58226,02626,05326,56129,678
Total current assets:686,999679,832730,399700,623592,006586,781
Noncurrent Assets
Operating lease, right-of-use asset31,85631,81630,17530,75932,13230,284
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization40,90838,46338,83739,80338,16739,107
Intangible asset, including goodwill, after accumulated amortization561,113536,607530,310541,675539,313547,735
Goodwill476,209459,070454,953458,125452,822453,093
Intangible asset, excluding goodwill, after accumulated amortization84,90477,53775,35783,55086,49194,642
Restricted cash and investments 6759    
Deferred income tax assets9,6619,1209,6999,9558,0468,183
Other noncurrent assets47,33140,11940,49140,67842,32743,717
Other undisclosed noncurrent assets (67)(59)    
Total noncurrent assets:690,869656,125649,512662,870659,985669,026
TOTAL ASSETS:1,377,8681,335,9571,379,9111,363,4931,251,9911,255,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62,62463,02342,43354,07644,62740,633
Accounts payable3,6074,0026,5228,9955,1594,682
Accrued liabilities59,01759,02135,91145,08139,46835,951
Deferred revenue114,525123,439120,554131,356110,843121,853
Debt  81,61781,45581,31981,161
Other liabilities40,26741,50843,82048,39850,91766,044
Other undisclosed current liabilities(7,308)(11,145)8,3308,8259,2099,557
Total current liabilities:210,108216,825296,754324,110296,915319,248
Noncurrent Liabilities
Long-term debt and lease obligation 226,812226,518226,223225,929225,635225,320
Long-term debt, excluding current maturities 226,812226,518226,223225,929225,635225,320
Liabilities, other than long-term debt135,934130,37894,006102,12395,32391,024
Deferred revenue26,31028,74524,38532,34728,09026,694
Deferred income tax liabilities 14,16612,294    
Liability, pension and other postretirement and postemployment benefits 17,72016,776    
Other liabilities53,25447,99547,11347,15143,86042,993
Operating lease, liability24,48424,56822,50822,62523,37321,337
Other undisclosed noncurrent liabilities (31,886)(29,070)    
Total noncurrent liabilities:330,860327,826320,229328,052320,958316,344
Total liabilities:540,968544,651616,983652,162617,873635,592
Equity
Equity, attributable to parent, including:836,900791,306762,928711,331634,118620,215
Additional paid in capital971,835939,691904,180864,135816,551790,184
Accumulated other comprehensive loss(17,619)(29,290)(27,304)(22,309)(32,263)(24,161)
Accumulated deficit(117,324)(119,103)(113,956)(130,503)(150,178)(145,816)
Other undisclosed equity, attributable to parent888888
Total equity:836,900791,306762,928711,331634,118620,215
TOTAL LIABILITIES AND EQUITY:1,377,8681,335,9571,379,9111,363,4931,251,9911,255,807

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Revenues151,450148,795172,912171,503134,003141,161
Cost of revenue
(Cost of Product and Service Sold)		(30,015)(30,516)(30,893)(29,173)(29,086)(30,797)
Gross profit:121,435118,279142,019142,330104,917110,364
Operating expenses(125,747)(128,182)(121,084)(119,740)(116,181)(126,633)
Other operating income (expense), net2,669786    
Other undisclosed operating income (loss)(2,669)(786)    
Operating income (loss):(4,312)(9,903)20,93522,590(11,264)(16,269)
Nonoperating income10,7585,7503,9578,7941,8904,195
Gain (loss), foreign currency transaction, before tax4,856(146)(1,765)3,631(2,933)211
Interest and debt expense   (1,576)(1,533)(1,529)(1,528)
Income (loss) from continuing operations before equity method investments, income taxes:6,446(4,153)23,31629,851(10,903)(13,602)
Other undisclosed loss from continuing operations before income taxes(1,317)(1,604)    
Income (loss) from continuing operations before income taxes:5,129(5,757)23,31629,851(10,903)(13,602)
Income tax expense (benefit)(3,350)610(6,769)(10,176)6,541(8,678)
Net income (loss) available to common stockholders, basic:1,779(5,147)16,54719,675(4,362)(22,280)
Interest on convertible debt   1,057   
Net income (loss) available to common stockholders, diluted:1,779(5,147)17,60419,675(4,362)(22,280)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Net income (loss):1,779(5,147)16,54719,675(4,362)(22,280)
Other comprehensive income (loss)11,671(1,986)(4,995)9,954(8,102)(1,410)
Comprehensive income (loss), net of tax, attributable to parent:13,450(7,133)11,55229,629(12,464)(23,690)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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