solarwinds(US:SWI)2021-11-01 12:07Financial Performance - Total revenue for Q3 2021 was $1813 million, a 2% year-over-year decline[34] - Year-to-date total revenue reached $532 million[23] - Total Annual Recurring Revenue (ARR) amounted to $624 million[23] - Adjusted EBITDA for Q3 2021 was $75 million, with a 42% Adjusted EBITDA Margin[23] - Year-to-date Adjusted EBITDA totaled $225 million[23] - Year-to-date Unlevered Free Cash Flow was $139 million[23] Revenue Breakdown - GAAP subscription revenue grew 20% year-over-year to $323 million[29] - GAAP license + maintenance revenue declined year-over-year to $1490 million[29] Customer & Renewal Metrics - The company had 786 customers with over $100K in Trailing Twelve Months (TTM) spend[23] - TTM Maintenance Renewal Rate was 89%[23] Financial Outlook - The company anticipates Q4 2021 total revenue of $180-$184 million, representing a (3%) - (1%) year-over-year growth[44] - The company anticipates full year 2021 total revenue of $712 - $716 million, representing a (1%) – 0% year-over-year growth[47]