7Baggers
Quarterly
Annual
    Unit: USD2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
      
    		                     
      revenue
    		174,467,000 168,185,000 164,609,000 161,385,000 158,104,000 141,690,000 130,866,000 127,749,000 128,785,000 126,917,000 128,096,000 126,133,000 117,558,000 111,587,000 107,032,000 103,214,000 102,768,000 102,161,000 97,717,000 99,328,000 97,689,000 
      yoy
    		10.35% 18.70% 25.78% 26.33% 22.77% 11.64% 2.16% 1.28% 9.55% 13.74% 19.68% 22.21% 14.39% 9.23% 9.53% 3.91% 5.20%     
      qoq
    		3.74% 2.17% 2.00% 2.08% 11.58% 8.27% 2.44% -0.80% 1.47% -0.92% 1.56% 7.29% 5.35% 4.26% 3.70% 0.43% 0.59% 4.55% -1.62% 1.68%  
      cost of revenue
    		126,582,000 101,352,000 94,491,000 93,537,000 97,413,000 76,994,000 71,693,000 69,900,000 74,348,000 68,198,000 67,029,000 65,378,000 62,112,000 57,889,000 57,300,000 55,213,000 59,150,000 55,194,000 54,856,000 53,655,000 50,744,000 
      gross profit
    		47,885,000 66,833,000 70,118,000 67,848,000 60,691,000 64,696,000 59,173,000 57,849,000 54,437,000 58,719,000 61,067,000 60,755,000 55,446,000 53,698,000 49,732,000 48,001,000 43,618,000 46,967,000 42,861,000 45,673,000 46,945,000 
      yoy
    		-21.10% 3.30% 18.50% 17.28% 11.49% 10.18% -3.10% -4.78% -1.82% 9.35% 22.79% 26.57% 27.12% 14.33% 16.03% 5.10% -7.09%     
      qoq
    		-28.35% -4.68% 3.35% 11.79% -6.19% 9.33% 2.29% 6.27% -7.29% -3.84% 0.51% 9.58% 3.26% 7.97% 3.61% 10.05% -7.13% 9.58% -6.16% -2.71%  
      gross margin %
    		27.45% 39.74% 42.60% 42.04% 38.39% 45.66% 45.22% 45.28% 42.27% 46.27% 47.67% 48.17% 47.16% 48.12% 46.46% 46.51% 42.44% 45.97% 43.86% 45.98% 48.06% 
      selling, general and administrative expense
    		40,373,000 45,647,000 42,871,000 43,662,000 42,845,000 39,875,000 34,998,000 31,589,000 31,516,000 33,438,000 40,116,000 38,092,000 37,314,000 33,047,000 34,251,000 31,092,000 31,086,000 31,139,000 33,451,000 99,628,000 21,494,000 
      income from operations
    		7,512,000 21,186,000 27,247,000 -10,814,000 17,846,000 24,821,000 24,175,000 26,260,000 22,921,000 25,281,000 20,951,000 22,663,000 18,132,000 20,651,000 15,481,000 16,909,000 12,532,000 15,828,000 9,410,000 -54,604,000 25,451,000 
      yoy
    		-57.91% -14.64% 12.71% -141.18% -22.14% -1.82% 15.39% 15.87% 26.41% 22.42% 35.33% 34.03% 44.69% 30.47% 64.52% -130.97% -50.76%     
      qoq
    		-64.54% -22.24% -351.96% -160.60% -28.10% 2.67% -7.94% 14.57% -9.34% 20.67% -7.55% 24.99% -12.20% 33.40% -8.45% 34.93% -20.82% 68.20% -117.23% -314.55%  
      operating margin %
    		4.31% 12.60% 16.55% -6.70% 11.29% 17.52% 18.47% 20.56% 17.80% 19.92% 16.36% 17.97% 15.42% 18.51% 14.46% 16.38% 12.19% 15.49% 9.63% -54.97% 26.05% 
      other income:
    		                     
      interest expense, including 663, 689, 1,987, and 1,892, respectively, in amortization of debt issuance costs and original issue discount
    		-16,696,000                     
      gain on swaps
    		8,830,000 2,353,000 13,649,000   -2,970,000                
      loss on extinguishment of debt
    		    -146,000    -245,000             
      equity in net incomees of investments
    		   -281,000 -326,000 -379,000 -220,000            -331,000 -238,750 -221,000 
      gain on sale of equity method investment
    		      5,374,000               
      gain on termination of tax receivable agreement
    		 372,784,000                    
      other
    		531,000 406,000 475,000 324,000 500,000 321,000 3,271,000 267,000 185,000 271,000 277,000 217,000 245,000 516,000 503,000 680,000 752,000 822,000 1,029,000 689,000 112,000 
      total other income
    		-7,335,000 361,357,000 927,000 -9,275,000 -18,991,000 -13,226,000 2,873,000 -9,057,000 -8,173,000 -10,565,000 -24,713,000 -5,032,000 -10,424,000 -15,603,000 -11,613,000 -5,864,000 -6,657,000 -5,322,000 -5,575,000 -6,723,000 -8,965,000 
      income before income taxes
    		177,000 382,543,000 28,174,000 -20,089,000 -1,145,000 11,595,000 27,048,000 17,203,000 14,748,000 14,716,000 -3,762,000 17,631,000 7,708,000 5,048,000 3,868,000 11,045,000 5,875,000 10,506,000 3,835,000   
      income tax benefit
    		-409,000   -1,071,750 278,000  -2,654,000    273,000    -197,000    115,000   
      net income
    		-232,000 380,740,000 23,934,000 -18,460,000 -867,000 9,684,000 24,394,000 15,295,000 13,233,000 13,336,000 -3,489,000 16,167,000 7,098,000 4,606,000 3,671,000 11,166,000 4,663,000 9,539,000 3,950,000 -60,346,000 16,486,000 
      yoy
    		-73.24% 3831.64% -1.89% -220.69% -106.55% -27.38% -799.17% -5.39% 86.43% 189.54% -195.04% 44.79% 52.22% -51.71% -7.06% -118.50% -71.72%     
      qoq
    		-100.06% 1490.79% -229.65% 2029.18% -108.95% -60.30% 59.49% 15.58% -0.77% -482.23% -121.58% 127.77% 54.10% 25.47% -67.12% 139.46% -51.12% 141.49% -106.55% -466.04%  
      net income margin %
    		-0.13% 226.38% 14.54% -11.44% -0.55% 6.83% 18.64% 11.97% 10.28% 10.51% -2.72% 12.82% 6.04% 4.13% 3.43% 10.82% 4.54% 9.34% 4.04% -60.75% 16.88% 
      less: net income attributable to noncontrolling interest
    		25,000 3,905,000 11,141,000 -8,239,000 -498,000 5,323,000 12,753,000 8,843,000 8,027,000 8,239,000 -2,273,000 11,202,000 5,024,000 3,428,000 2,971,000       
      net income attributable to switch, inc.
    		-257,000 376,835,000 12,793,000 -10,221,000 -369,000 4,361,000 11,641,000 6,452,000 5,206,000 5,097,000 -1,216,000 4,965,000 2,074,000 1,178,000 700,000 2,554,000 6,000 821,000 671,000   
      net income per share
    		                     
      basic
    		0 2.51 0.09 -0.08 0 0.03 0.09 0.06 0.05 0.05 -0.01 0.07 0.02 0.02 0.01 0.06 0 0.02 0.02 -261.88 80 
      diluted
    		0 1.51 0.08 -0.08 0 0.03 0.09 0.06 0.05 0.05 -0.01 0.06 0.02 0.01 0.01 0.06 0 0.02 0.02 -251.88 80 
      weighted-average shares used for eps calculation
    		                     
      basic
    		154,778 150,036 147,745 134,091 136,292 130,163 126,641 105,822 108,690 104,987 94,366 76,501 84,135 77,714 55,536 45,682 50,669 42,358 36,003,087 8,073,908 200,746,690,000 
      diluted
    		154,778 251,089 153,265 138,699 136,292 245,527 129,110 243,501 111,565 243,916 94,366 246,329 86,261 79,021 247,364 45,753 50,710 42,463 252,552,205 8,073,908 208,972,744,000 
      other comprehensive loss:
    		                     
      foreign currency translation adjustment, net of reclassification adjustment and tax of 0
    		   -994   -474               
      comprehensive income
    		-232 380,740 23,934 -19,454 -867 9,684 23,920 15,295 13,233 13,336 -3,489 16,167 7,098 4,606 3,671 11,166 4,663 9,539 4,281 -52,559,672 16,707,000 
      less: comprehensive income attributable to noncontrolling interest
    		25 3,905 11,141 -8,647 -498 5,323 12,340 8,843 8,027 8,239 -2,273 11,202 5,024 3,428 2,971       
      comprehensive income attributable to switch, inc.
    		-257 376,835 12,793 -10,807 -369 4,361 11,580 6,452 5,206 5,097 -1,216 4,965 2,074 1,178 700 2,554 6 821 719   
      interest expense, including 662, 620, 1,324, and 1,203, respectively, in amortization of debt issuance costs and original issue discount
    		 -14,186,000                    
      income tax expense
    		 -1,803,000 -4,240,000   -1,911,000  -1,908,000 -1,515,000 -1,380,000  -312,250 -610,000 -442,000  -516,000 -1,212,000 -967,000    
      interest expense, including 662 and 583, respectively, in amortization of debt issuance costs and original issue discount
    		  -13,197,000                   
      interest expense, including 689, 439, 1,892, and 1,257, respectively, in amortization of debt issuance costs and original issue discounts
    		   -8,530,250 -15,166,000                 
      loss on swaps
    		   -904,500 -3,853,000                 
      other comprehensive income:
    		                     
      interest expense, including 620, 409, 1,203, and 818, respectively, in amortization of debt issuance costs and original issue discount
    		     -10,198,000                
      interest expense, including 583 and 409, respectively, in amortization of debt issuance costs and original issue discount
    		      -8,757,000               
      gain on interest rate swaps
    		      3,205,000               
      interest expense, including 439, 409, 1,257, and 1,227, respectively, in amortization of debt issuance costs and original issue discount
    		       -5,170,500 -6,554,000             
      loss on interest rate swaps
    		       -232,000 -1,559,000 -4,143,000 -17,555,000 2,775,000 -3,926,000 -8,781,000        
      foreign currency translation adjustment, net of tax of 0
    		                     
      interest expense, including 409, 409, 818, and 818, respectively, in amortization of debt issuance costs
    		         -6,693,000    -7,338,000        
      interest expense, including 409 and 409, respectively, in amortization of debt issuance costs
    		          -7,435,000           
      interest expense, including 409, 409, 1,227, and 1,227, respectively, in amortization of debt issuance costs
    		           -5,303,000 -6,743,000         
      foreign currency translation adjustment, before and after tax
    		                     
      interest expense, including 409 in amortization of debt issuance costs
    		              -7,131,000       
      unrealized loss on interest rate swaps
    		              -4,985,000       
      interest expense, including 409, 403, 1,227, and 901, respectively, in amortization of debt issuance costs
    		               -4,956,500 -7,409,000     
      less: net income attributable to non-controlling interest
    		               4,163,500 4,657,000 8,718,000 3,279,000   
      weighted-average shares/units used in computing net income per share/unit
    		                     
      basic
    		154,778 150,036 147,745 134,091 136,292 130,163 126,641 105,822 108,690 104,987 94,366 76,501 84,135 77,714 55,536 45,682 50,669 42,358 36,003,087 8,073,908 200,746,690,000 
      diluted
    		154,778 251,089 153,265 138,699 136,292 245,527 129,110 243,501 111,565 243,916 94,366 246,329 86,261 79,021 247,364 45,753 50,710 42,463 252,552,205 8,073,908 208,972,744,000 
      dividends declared per common share
    		               0.01 0.01 0.03    
      less: comprehensive income attributable to non-controlling interest
    		               4,234.25 4,657 8,718 3,562   
      interest expense, including 409, 245, 818, and 498, respectively, in amortization of debt issuance costs
    		                 -6,144,000    
      interest expense, including 409 and 253, respectively, in amortization of debt issuance costs
    		                  -6,273,000   
      foreign currency translation adjustments
    		                  331 -785,092 221,000 
      interest expense, including 403, 266, 901 and 740, respectively, in amortization of debt issuance costs
    		                   -4,447,250 -8,856,000 
      gain on lease termination
    		                     
      net income per unit:
    		                     
      basic
    		0 2.51 0.09 -0.08 0 0.03 0.09 0.06 0.05 0.05 -0.01 0.07 0.02 0.02 0.01 0.06 0 0.02 0.02 -261.88 80 
      diluted
    		0 1.51 0.08 -0.08 0 0.03 0.09 0.06 0.05 0.05 -0.01 0.06 0.02 0.01 0.01 0.06 0 0.02 0.02 -251.88 80 
      weighted-average units used in computing net income per unit:
    		                     
      basic
    		154,778 150,036 147,745 134,091 136,292 130,163 126,641 105,822 108,690 104,987 94,366 76,501 84,135 77,714 55,536 45,682 50,669 42,358 36,003,087 8,073,908 200,746,690,000 
      diluted
    		154,778 251,089 153,265 138,699 136,292 245,527 129,110 243,501 111,565 243,916 94,366 246,329 86,261 79,021 247,364 45,753 50,710 42,463 252,552,205 8,073,908 208,972,744,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.