SecureWorks Corp
NASDAQ:SCWX
Income Statement
Earnings Waterfall
SecureWorks Corp
Revenue
|
365.9m
USD
|
Cost of Revenue
|
-148.1m
USD
|
Gross Profit
|
217.8m
USD
|
Operating Expenses
|
-312.6m
USD
|
Operating Income
|
-94.8m
USD
|
Other Expenses
|
8.8m
USD
|
Net Income
|
-86m
USD
|
Income Statement
SecureWorks Corp
Jan-2015 | May-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Jan-2020 | May-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Feb-2023 | May-2023 | Aug-2023 | Nov-2023 | Feb-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
262
N/A
|
279
+6%
|
296
+6%
|
317
+7%
|
340
+7%
|
362
+7%
|
386
+7%
|
405
+5%
|
433
+7%
|
447
+3%
|
459
+3%
|
469
+2%
|
468
0%
|
480
+3%
|
493
+3%
|
509
+3%
|
519
+2%
|
525
+1%
|
533
+1%
|
541
+2%
|
553
+2%
|
561
+2%
|
563
+0%
|
563
+0%
|
561
0%
|
559
0%
|
555
-1%
|
547
-1%
|
535
-2%
|
517
-3%
|
499
-3%
|
476
-5%
|
464
-3%
|
437
-6%
|
414
-5%
|
392
-5%
|
366
-7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(145)
|
(155)
|
(164)
|
(174)
|
(184)
|
(190)
|
(198)
|
(206)
|
(213)
|
(216)
|
(219)
|
(221)
|
(225)
|
(232)
|
(239)
|
(245)
|
(246)
|
(248)
|
(249)
|
(249)
|
(253)
|
(253)
|
(249)
|
(247)
|
(242)
|
(236)
|
(233)
|
(226)
|
(217)
|
(209)
|
(202)
|
(195)
|
(191)
|
(185)
|
(175)
|
(164)
|
(148)
|
|
Gross Profit |
117
N/A
|
124
+5%
|
131
+6%
|
143
+9%
|
156
+9%
|
172
+11%
|
188
+9%
|
199
+6%
|
220
+11%
|
230
+5%
|
240
+4%
|
248
+3%
|
243
-2%
|
248
+2%
|
254
+2%
|
263
+4%
|
273
+3%
|
277
+2%
|
284
+2%
|
293
+3%
|
300
+3%
|
308
+3%
|
314
+2%
|
316
+1%
|
319
+1%
|
323
+1%
|
322
0%
|
321
0%
|
318
-1%
|
307
-3%
|
296
-4%
|
281
-5%
|
272
-3%
|
253
-7%
|
239
-5%
|
228
-4%
|
218
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(178)
|
(195)
|
(219)
|
(241)
|
(262)
|
(271)
|
(274)
|
(275)
|
(276)
|
(286)
|
(292)
|
(300)
|
(313)
|
(317)
|
(321)
|
(322)
|
(321)
|
(323)
|
(330)
|
(343)
|
(352)
|
(357)
|
(350)
|
(347)
|
(352)
|
(353)
|
(363)
|
(372)
|
(371)
|
(378)
|
(386)
|
(391)
|
(405)
|
(410)
|
(376)
|
(349)
|
(313)
|
|
Selling, General & Administrative |
(146)
|
(157)
|
(176)
|
(195)
|
(212)
|
(216)
|
(215)
|
(213)
|
(191)
|
(195)
|
(194)
|
(195)
|
(219)
|
(220)
|
(221)
|
(221)
|
(220)
|
(221)
|
(226)
|
(235)
|
(243)
|
(246)
|
(240)
|
(234)
|
(233)
|
(230)
|
(233)
|
(238)
|
(234)
|
(237)
|
(241)
|
(243)
|
(251)
|
(243)
|
(230)
|
(211)
|
(202)
|
|
Research & Development |
(32)
|
(37)
|
(42)
|
(46)
|
(50)
|
(51)
|
(52)
|
(52)
|
(71)
|
(77)
|
(84)
|
(91)
|
(80)
|
(83)
|
(86)
|
(88)
|
(88)
|
(88)
|
(90)
|
(93)
|
(95)
|
(97)
|
(96)
|
(99)
|
(105)
|
(109)
|
(115)
|
(121)
|
(123)
|
(128)
|
(131)
|
(133)
|
(140)
|
(138)
|
(132)
|
(123)
|
(111)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(11)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
|
Operating Income |
(61)
N/A
|
(71)
-16%
|
(87)
-23%
|
(98)
-12%
|
(106)
-8%
|
(99)
+7%
|
(86)
+12%
|
(76)
+12%
|
(56)
+27%
|
(56)
+0%
|
(52)
+7%
|
(52)
+0%
|
(70)
-36%
|
(69)
+2%
|
(67)
+2%
|
(59)
+12%
|
(49)
+17%
|
(46)
+6%
|
(47)
-2%
|
(50)
-8%
|
(52)
-4%
|
(48)
+7%
|
(36)
+25%
|
(31)
+14%
|
(33)
-5%
|
(30)
+9%
|
(41)
-36%
|
(51)
-26%
|
(52)
-2%
|
(71)
-35%
|
(89)
-26%
|
(110)
-23%
|
(133)
-21%
|
(158)
-19%
|
(137)
+13%
|
(121)
+12%
|
(95)
+21%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(1)
|
(0)
|
(6)
|
(7)
|
(5)
|
(5)
|
2
|
3
|
2
|
0
|
(1)
|
(3)
|
(2)
|
(0)
|
1
|
3
|
3
|
4
|
1
|
1
|
2
|
(0)
|
1
|
1
|
(1)
|
(2)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
1
|
0
|
(1)
|
1
|
(3)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
(30)
|
(30)
|
(17)
|
|
Pre-Tax Income |
(61)
N/A
|
(72)
-17%
|
(87)
-22%
|
(104)
-19%
|
(113)
-8%
|
(104)
+8%
|
(91)
+12%
|
(74)
+19%
|
(53)
+28%
|
(54)
-2%
|
(52)
+5%
|
(52)
-2%
|
(73)
-39%
|
(70)
+3%
|
(67)
+5%
|
(58)
+14%
|
(46)
+21%
|
(43)
+6%
|
(43)
+0%
|
(49)
-14%
|
(51)
-5%
|
(47)
+9%
|
(37)
+22%
|
(30)
+17%
|
(32)
-5%
|
(31)
+3%
|
(42)
-38%
|
(54)
-26%
|
(56)
-4%
|
(74)
-33%
|
(92)
-24%
|
(112)
-22%
|
(147)
-31%
|
(158)
-7%
|
(168)
-6%
|
(149)
+11%
|
(115)
+23%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
23
|
26
|
31
|
38
|
40
|
38
|
34
|
28
|
22
|
21
|
20
|
19
|
35
|
33
|
30
|
27
|
7
|
10
|
9
|
11
|
20
|
16
|
15
|
13
|
10
|
10
|
11
|
13
|
16
|
19
|
24
|
29
|
32
|
34
|
36
|
32
|
28
|
|
Income from Continuing Operations |
(39)
|
(46)
|
(57)
|
(66)
|
(72)
|
(66)
|
(57)
|
(46)
|
(32)
|
(33)
|
(32)
|
(33)
|
(37)
|
(38)
|
(37)
|
(31)
|
(39)
|
(34)
|
(34)
|
(38)
|
(32)
|
(31)
|
(22)
|
(18)
|
(22)
|
(21)
|
(31)
|
(41)
|
(40)
|
(55)
|
(68)
|
(83)
|
(115)
|
(124)
|
(132)
|
(118)
|
(86)
|
|
Net Income (Common) |
(39)
N/A
|
(46)
-19%
|
(57)
-24%
|
(66)
-17%
|
(72)
-9%
|
(66)
+9%
|
(57)
+14%
|
(46)
+19%
|
(32)
+32%
|
(33)
-5%
|
(32)
+5%
|
(33)
-5%
|
(10)
+69%
|
(11)
-6%
|
(11)
+5%
|
(5)
+54%
|
(39)
-715%
|
(34)
+14%
|
(34)
-1%
|
(38)
-12%
|
(32)
+17%
|
(31)
+3%
|
(22)
+29%
|
(18)
+20%
|
(22)
-25%
|
(21)
+5%
|
(31)
-51%
|
(41)
-30%
|
(40)
+2%
|
(55)
-38%
|
(68)
-23%
|
(83)
-22%
|
(115)
-38%
|
(124)
-8%
|
(132)
-6%
|
(118)
+10%
|
(86)
+27%
|