SecureWorks Corp. (SCWX) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE CONCOURSE PARKWAY
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

10/31/2024
MRQ
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68,655143,517220,655220,300181,838129,592
Cash and cash equivalents68,655143,517220,655220,300181,838129,592
Receivables54,26672,62786,231108,005111,798141,344
Inventory, net of allowances, customer advances and progress billings 727620505560746468
Inventory 727620505560746468
Other current assets14,49117,52626,04017,34927,44927,604
Total current assets:138,139234,290333,431346,214321,831299,008
Noncurrent Assets
Operating lease, right-of-use asset5,0699,25617,44122,33023,463
Property, plant and equipment2,1494,6328,42617,14327,60635,978
Intangible assets, net (including goodwill)508,707531,727559,658583,681596,539622,935
Goodwill425,472425,519425,926425,861416,487416,487
Intangible assets, net (excluding goodwill)83,235106,208133,732157,820180,052206,448
Other noncurrent assets70,71560,96568,34675,99378,59278,238
Total noncurrent assets:586,640606,580653,871699,147726,200737,151
TOTAL ASSETS:724,779840,870987,3021,045,3611,048,0311,036,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,86269,24475,26579,95071,140102,672
Employee-related liabilities60,20363,18152,450 
Accounts payable8,97418,84715,06216,76918,69016,177
Accrued liabilities 34,88850,397   86,495
Deferred revenue131,245145,170163,304168,437175,847
Other liabilities 22,13930,02824,83132,14643,196 
Due to related parties1,1413,08813,8073,209 
Contract with customer, liability157,865
Other undisclosed current liabilities4,868     
Total current liabilities:202,114245,583266,488294,340293,392260,537
Noncurrent Liabilities
Long-term debt and lease obligation:   16,86922,46124,669 
Liabilities, other than long-term debt21,34037,32655,88860,77963,09082,915
Deferred revenue5,70611,16212,7649,59012,690
Contract with customer, liability16,064
Other liabilities7,83114,02343,12451,18950,40066,851
Operating lease, liability7,80312,14116,86922,46124,669
Total noncurrent liabilities:21,34037,32672,75783,24087,75982,915
Total liabilities:223,454282,909339,245377,580381,151343,452
Equity
Equity, attributable to parent, including:501,325557,961648,057667,781666,880692,707
Treasury stock, value(19,896)(19,896)(19,896)(19,896)(19,896)(13,523)
Additional paid in capital996,291967,367939,404917,344896,983884,567
Accumulated other comprehensive loss(5,771)(6,237)(2,672)(660)(3,090)(2,884)
Accumulated deficit(470,163)(384,121)(269,622)(229,831)(207,929)(176,263)
Other undisclosed equity, attributable to parent864848843824812810
Total equity:501,325557,961648,057667,781666,880692,707
TOTAL LIABILITIES AND EQUITY:724,779840,870987,3021,045,3611,048,0311,036,159

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

10/31/2024
TTM
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Revenues365,879463,475535,214561,034552,765518,709
Cost of revenue
(Cost of Goods and Services Sold)
(148,120)(191,642)(217,126)(242,167)(252,796)(246,117)
Gross profit:217,759271,833318,088318,867299,969272,592
Operating expenses(329,725)(419,862)(370,462)(351,702)(352,143)(321,324)
Operating loss:(111,966)(148,029)(52,374)(32,835)(52,174)(48,732)
Nonoperating income (expense)(2,554)1,248(3,532)1,0348502,778
Gain (loss), foreign currency transaction, before tax(2,600)824(3,393)1,485(270)1,818
Loss from continuing operations before income taxes:(114,520)(146,781)(55,906)(31,801)(51,324)(45,954)
Income tax expense (benefit)28,47832,28216,1159,89919,6586,853
Loss from continuing operations:(86,042)(114,499)(39,791)(21,902)(31,666)(39,101)
Loss before gain (loss) on sale of properties:(39,791)(21,902)(31,666)(39,101)
Net loss available to common stockholders, diluted:(86,042)(114,499)(39,791)(21,902)(31,666)(39,101)

Comprehensive Income ($ in thousands)

10/31/2024
TTM
1/31/2024
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Net loss:(86,042)(114,499)(39,791)(21,902)(31,666)(39,101)
Comprehensive loss:(86,042)(114,499)(39,791)(21,902)(31,666)(39,101)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent466(3,565)(2,012)2,430(206)(2,914)
Comprehensive loss, net of tax, attributable to parent:(85,576)(118,064)(41,803)(19,472)(31,872)(42,015)

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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