Switch, Inc.
Technology · Services-Computer Programming, Data Processing, Etc. · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $592.0M | $511.5M | $462.3M | $405.9M | $378.3M | $318.4M |
| Operating income | $56.0M | $95.4M | $76.9M | $54.7M | $18.8M | $51.1M |
| Net income | $5.4M | $15.5M | $8.9M | $4.1M | −$15.2M | $31.4M |
| Total assets | $2.92B | $2.11B | $1.77B | $1.46B | $1.43B | $921.0M |
| Total liabilities | $2.30B | $1.50B | $1.15B | $751.7M | $692.6M | $642.7M |
| Equity | $329.6M | $266.5M | $207.5M | $143.2M | $108.9M | — |
| EPS (diluted) | $0.04 | $0.14 | $0.11 | $0.09 | $-1.88 | $0.15 |
| Shares out. | 138.7M | 243.5M | 246.3M | 45.8M | 8.1M | 203.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- 9.5%
- Net margin
- 0.9%
- Return on equity
- 1.6%
- Return on assets
- 0.2%
- Return on capital (ROCE)
- 2.0%
- Liabilities / assets
- 78.8%
- Debt / equity
- 6.98×
- Book value / share
- $2.38
- Revenue growth (YoY)
- 15.7%
- Net income growth (YoY)
- −65.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- 0.06distress
- Accruals / assets
- −8.7%clean
- Beneish M-Score
- -2.71normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 4 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventDec 6, 2022
- Results of operationsNov 9, 2022
- Unregistered equity saleNov 7, 2022
- Unregistered equity saleOct 7, 2022
- Results of operations · Shareholder voteAug 8, 2022
- Unregistered equity saleAug 5, 2022
- Unregistered equity saleJul 8, 2022
- Shareholder voteJun 16, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/AFeb 14, 2023
- 15-12GDec 16, 2022
- EFFECTDec 13, 2022
- SC 13G/ADec 13, 2022
- SC 13G/ADec 13, 2022
- SC 13G/ASCHEDULE 13G/ADec 9, 2022
- SC 13G/ADec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- 4PRIMARY DOCUMENTDec 8, 2022
- SC 13G/ADec 8, 2022
Event-driven situations (1)
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