New Relic, Inc. (NEWR) Financial Statements (2024 and earlier)

Company Profile

Business Address 188 SPEAR STREET, STE. 1000
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments879,812828,679816,075805,097744,728247,920
Cash and cash equivalents625,727268,695240,821292,523234,356132,479
Short-term investments254,085559,984575,254512,574510,372115,441
Receivables234,287226,182174,027147,361120,60599,488
Capitalized contract cost14,96224,05836,21032,01627,161
Other undisclosed current assets17,74729,44721,94415,97921,83815,591
Total current assets:1,146,8081,108,3661,048,2561,000,453914,332362,999
Noncurrent Assets
Operating lease, right-of-use asset19,67850,46557,42557,777
Property, plant and equipment48,50968,36891,308100,29480,74253,899
Intangible assets, net (including goodwill)183,901179,313157,23958,80355,36713,140
Goodwill172,298163,677144,25345,11241,51211,828
Intangible assets, net (excluding goodwill)11,60315,63612,98613,69113,8551,312
Capitalized contract cost, net8,55810,46332,57928,14126,218
Restricted cash and investments5,7955,7755,6425,6418,8058,202
Other noncurrent assets5,7594,9166,1707,3254,7635,086
Total noncurrent assets:272,200319,300350,363257,981175,89580,327
TOTAL ASSETS:1,419,0081,427,6661,398,6191,258,4341,090,227443,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,45269,56861,36741,61933,78620,399
Employee-related liabilities37,02337,19629,05423,53717,414
Accounts payable29,45232,54524,17112,56510,2492,985
Accrued liabilities      
Deferred revenue370,987398,754373,594313,161
Debt 500,044  8,682  
Restructuring reserve1,519     
Other liabilities39,42436,09819,17413,12014,5728,619
Deferred revenue and credits189,633
Contract with customer, liability267,000
Other undisclosed current liabilities46,96111,1037,886   
Total current liabilities:988,387515,523462,021376,582315,358218,651
Noncurrent Liabilities
Long-term debt and lease obligation  547,472509,304484,438405,937 
Long-term debt, excluding current maturities  497,663449,380427,044405,937 
Liabilities, other than long-term debt67,08120,2819,9305,10616,5699,571
Deferred revenue and credits8,796
Deferred revenue3,8001081,6743,166
Contract with customer, liability4,597
Deferred rent credit     11,025
Other liabilities24,89720,1738,2561,940947775
Operating lease, liability38,38449,80959,92457,394
Total noncurrent liabilities:67,081567,753519,234489,544422,5069,571
Total liabilities:1,055,4681,083,276981,255866,126737,864228,222
Temporary equity, carrying amount23,10521,6863,3891,6692,733 
Equity
Equity, attributable to parent340,435322,704413,975390,639349,630215,104
Common stock696664605856
Treasury stock, value(263)(263)(263)(263)(263)(263)
Additional paid in capital1,311,6151,114,2211,001,309780,479654,759521,119
Accumulated other comprehensive income (loss)(7,432)(8,012)(19)4,869645(324)
Accumulated deficit(963,554)(783,308)(587,116)(394,506)(305,569)(305,484)
Total equity:340,435322,704413,975390,639349,630215,104
TOTAL LIABILITIES AND EQUITY:1,419,0081,427,6661,398,6191,258,4341,090,227443,326

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues925,626785,521667,648599,510479,225355,058
Revenue, net355,058
Cost of revenue(246,383)(256,279)(181,564)(103,237)(77,399)(62,725)
Gross profit:679,243529,242486,084496,273401,826292,333
Operating expenses(864,486)(757,795)(657,484)(581,762)(434,932)(339,141)
Operating loss:(185,243)(228,553)(171,400)(85,489)(33,106)(46,808)
Nonoperating income14,2551,6925,97018,41611,7262,533
Investment income, nonoperating14,3212,8627,88815,48213,1032,190
Other nonoperating income (expense)(66)(1,170)(1,918)2,934(1,377)343
Interest and debt expense(4,943)(4,921)(24,901)(23,695)(19,679)(86)
Loss from continuing operations before income taxes:(175,931)(231,782)(190,331)(90,768)(41,059)(44,361)
Income tax expense(2,896)(323)(559)(211)(697)(959)
Loss from continuing operations:(178,827)(232,105)(190,890)(90,979)(41,756)(45,320)
Loss before gain (loss) on sale of properties:(232,105)(190,890)(90,979)(41,756)(45,320)
Net loss:(178,827)(232,105)(190,890)(90,979)(41,756)(45,320)
Net income (loss) attributable to noncontrolling interest(1,419)(18,297)(1,720)2,042863 
Net loss available to common stockholders, diluted:(180,246)(250,402)(192,610)(88,937)(40,893)(45,320)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net loss:(178,827)(232,105)(190,890)(90,979)(41,756)(45,320)
Other comprehensive income (loss)580(7,993)   (228)
Comprehensive loss:(178,247)(240,098)(190,890)(90,979)(41,756)(45,548)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,419)(18,297)(6,608)6,2661,832 
Comprehensive loss, net of tax, attributable to parent:(179,666)(258,395)(197,498)(84,713)(39,924)(45,548)

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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