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
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments456,984879,812800,171833,328867,324828,679
Cash and cash equivalents240,699625,727506,815471,064303,493268,695
Short-term investments216,285254,085293,356362,264563,831559,984
Receivables132,002234,287197,926112,612109,637226,182
Capitalized contract cost13,20314,96216,80518,58720,90324,058
Other undisclosed current assets19,67817,74721,43325,17228,23929,447
Total current assets:621,8671,146,8081,036,335989,6991,026,1031,108,366
Noncurrent Assets
Operating lease, right-of-use asset16,64119,67840,30444,59948,09350,465
Property, plant and equipment48,14148,50954,11462,18365,50168,368
Intangible assets, net (including goodwill)182,426183,901186,284190,751177,021179,313
Goodwill172,298172,298172,298172,298163,677163,677
Intangible assets, net (excluding goodwill)10,12811,60313,98618,45313,34415,636
Capitalized contract cost, net10,8318,5586,6915,7326,81010,463
Restricted cash and investments5,8055,7955,7865,7795,7755,775
Other noncurrent assets5,5735,7595,6576,1355,6404,916
Total noncurrent assets:269,417272,200298,836315,179308,840319,300
TOTAL ASSETS:891,2841,419,0081,335,1711,304,8781,334,9431,427,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,32629,45269,707107,499106,23269,568
Employee-related liabilities36,52035,48637,023
Accounts payable39,35629,45229,26134,45935,26032,545
Accrued liabilities43,970 40,44636,52035,486 
Deferred revenue313,139370,987294,759284,130332,882398,754
Debt  500,044499,486498,851498,256 
Restructuring reserve 1,519    
Other liabilities33,07639,42426,47235,12533,98536,098
Other undisclosed current liabilities8,99246,96111,233(25,495)(25,249)11,103
Total current liabilities:438,533988,387901,657900,110946,106515,523
Noncurrent Liabilities
Long-term debt and lease obligation    42,84246,218547,472
Long-term debt, excluding current maturities      497,663
Liabilities, other than long-term debt72,65067,08173,08220,01918,02320,281
Deferred revenue6,3743,8007,2431,15674108
Other liabilities30,43024,89724,85618,86317,94920,173
Operating lease, liability35,84638,38440,98342,84246,21849,809
Total noncurrent liabilities:72,65067,08173,08262,86164,241567,753
Total liabilities:511,1831,055,468974,739962,9711,010,3471,083,276
Temporary equity, carrying amount27,21423,10518,33518,94215,67421,686
Equity
Equity, attributable to parent352,887340,435342,097322,965308,922322,704
Common stock706968686766
Treasury stock, value(263)(263)(263)(263)(263)(263)
Additional paid in capital1,360,6561,311,6151,258,5621,215,3151,152,6131,114,221
Accumulated other comprehensive loss(6,591)(7,432)(9,943)(11,833)(9,948)(8,012)
Accumulated deficit(1,000,985)(963,554)(906,327)(880,322)(833,547)(783,308)
Total equity:352,887340,435342,097322,965308,922322,704
TOTAL LIABILITIES AND EQUITY:891,2841,419,0081,335,1711,304,8781,334,9431,427,666

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

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues242,628345,857239,763226,912216,459290,542
Cost of revenue(54,440)(54,064)(61,316)(64,783)(63,893)(131,840)
Gross profit:188,188291,793178,447162,129152,566158,702
Operating expenses(221,178)(304,230)(207,537)(207,416)(208,219)(270,163)
Operating loss:(32,990)(12,437)(29,090)(45,287)(55,653)(111,461)
Nonoperating income (expense)2,92712,6654,8772,632901(3,233)
Investment income, nonoperating4,59312,0844,6852,4251,110(3,873)
Other nonoperating income (expense)(1,666)581192207(209)640
Interest and debt expense(429)(1,261)(1,283)(1,233)(1,232)13,628
Loss from continuing operations before income taxes:(30,492)(1,033)(25,496)(43,888)(55,984)(101,066)
Income tax expense (benefit)(2,830)(2,080)(1,116)381(267)953
Loss from continuing operations:(33,322)(3,113)(26,612)(43,507)(56,251)(100,113)
Loss before gain (loss) on sale of properties:(43,507)(56,251)(100,113)
Net loss:(33,322)(3,113)(26,612)(43,507)(56,251)(100,113)
Net income (loss) attributable to noncontrolling interest(4,109)17,756607(3,268)6,012(19,356)
Net income (loss) available to common stockholders, diluted:(37,431)14,643(26,005)(46,775)(50,239)(119,469)

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net loss:(33,322)(3,113)(26,612)(43,507)(56,251)(100,113)
Other comprehensive income (loss)8413,5181,890(1,885)(1,936)(7,993)
Comprehensive income (loss):(32,481)405(24,722)(45,392)(58,187)(108,106)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,109)17,756607(3,268)6,012(15,419)
Comprehensive income (loss), net of tax, attributable to parent:(36,590)18,161(24,115)(48,660)(52,175)(123,525)

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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