Private company

Switch, Inc.

American computer programming, data processing services company. Summary from the record

Last updated Oct 19, 2026.

Overview

$592.0MRevenue, fiscal 20213
$5.4MNet income, fiscal 20213
  • IndustryServices-Computer Programming, Data Processing, Etc.2
  • HeadquartersCarson City, United States2
  • Incorporated inNV4
  • Business address7135 South Decatur Boulevard, Las Vegas, Nv 891184
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI5493002D70VTFFLT8L432
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address112 NORTH CURRY STREET, 89703 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), NV200311806072

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

42.6%Gross margin3
9.5%Operating margin3
0.9%Net margin3
15.7%Revenue growth, 20213
1.6%Return on equity3
4.89×Debt to equity3
-$194.9MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue57¢$339.6M
  • Selling, general and admin27¢$161.4M
  • Other costs6¢$35.3M
  • Interest8¢$47.6M
  • Income tax0¢$2.7M
  • Profit1¢$5.4M

Out of $592.0M in revenue.3

Where each dollar of operating cash went, fiscal 2021

  • Capital spending100¢$455.7M

Out of $260.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue56783$592.0M in 2021+123% since 2015
0$200.0M$400.0M$600.0M2015: $265.9M$265.9M20152016: $318.4M$318.4M2016+20%2017: $378.3M$378.3M2017+19%2018: $405.9M$405.9M2018+7%2019: $462.3M$462.3M2019+14%2020: $511.5M$511.5M2020+11%2021: $592.0M$592.0M2021+16%
Gross profit56783$252.4M in 2021+102% since 2015
0$100.0M$200.0M$300.0M2015: $124.8M$124.8M20152016: $149.5M$149.5M2016+20%2017: $180.0M$180.0M2017+20%2018: $181.4M$181.4M2018+1%2019: $219.6M$219.6M2019+21%2020: $232.1M$232.1M2020+6%2021: $252.4M$252.4M2021+9%
Operating income56783$56.0M in 2021−30% since 2015
0$25.0M$50.0M$75.0M$100.0M2015: $79.6M$79.6M20152016: $51.1M$51.1M2016−36%2017: $18.8M$18.8M2017−63%2018: $54.7M$54.7M2018+190%2019: $76.9M$76.9M2019+41%2020: $95.4M$95.4M2020+24%2021: $56.0M$56.0M2021−41%
Net income56783$5.4M in 2021−93% since 2015
-$25.0M0$25.0M$50.0M$75.0M2015: $73.5M$73.5M20152016: $31.4M$31.4M2016−57%2017: -$15.2M-$15.2M20172018: $4.1M$4.1M20182019: $8.9M$8.9M2019+120%2020: $15.5M$15.5M2020+74%2021: $5.4M$5.4M2021−65%
Fiscal year20142015201620172018201920202021
Revenue$265.9M5$318.4M6$378.3M7$405.9M8$462.3M3$511.5M3$592.0M3
Cost of revenue$141.1M5$168.8M6$198.2M7$224.4M8$242.7M3$279.5M3$339.6M3
Gross profit$124.8M5$149.5M6$180.0M7$181.4M8$219.6M3$232.1M3$252.4M3
Selling, general and admin$45.3M5$71.4M6$160.6M7$126.8M8$142.7M3$136.7M3$161.4M3
Operating income$79.6M5$51.1M6$18.8M7$54.7M8$76.9M3$95.4M3$56.0M3
Interest$7.7M5$10.8M6$25.1M7$26.4M8$29.2M3$29.8M3$47.6M3
Income before tax$17.4M3
Income tax$05$06-$981.0K7$1.9M8-$2.7M3-$4.5M3-$2.7M3
Net income$73.5M5$31.4M6-$15.2M7$4.1M8$8.9M3$15.5M3$5.4M3
Earnings per share$0.375$0.166-$1.887$0.098$0.123$0.153$0.043
Earnings per share (diluted)$0.375$0.156-$1.887$0.098$0.113$0.143$0.043
Shares (weighted, basic)134.1M shares3
Shares (weighted, diluted)138.7M shares3

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Leadership

Who has led Switch, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Rob Roy2017–2022

President

  1. Erin Thomas Morton2017–2022

Chief financial officer

  1. Gabriel Nacht2017–2022
20202025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerGabe A Nacht named Nov 23, 202127
  • Executive OfficerThomas A Morton named Nov 23, 202127

Timeline

  1. Oct 5, 2017New chief executive Rob Roy becomes CEO12
  2. Nov 18, 2003Founded Switch, Inc. is founded2

Filings

131 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 21 major events, 73 insider forms, 16 large holders, 1 private raises, 15 other. The latest 20:

  1. Feb 14, 2023SC 13G/A EDGAR
  2. Dec 16, 202215-12G EDGAR
  3. Dec 13, 2022EFFECT EDGAR
  4. Dec 13, 2022SC 13G/A EDGAR
  5. Dec 13, 2022SC 13G/A EDGAR
  6. Dec 9, 2022SC 13G/A SCHEDULE 13G/A EDGAR
  7. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  8. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  9. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  10. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  11. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  12. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  13. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  14. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  15. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  16. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  17. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  18. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  19. Dec 8, 20224 PRIMARY DOCUMENT EDGAR
  20. Dec 8, 2022SC 13G/A EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 0 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 15, 2022Thomas Thomas ADirectorSale40,000$34.09$1.4MForm 4
Oct 17, 2022Thomas Thomas ADirectorSale40,000$33.83$1.4MForm 4
Sep 15, 2022Thomas Thomas ADirectorSale40,000$33.99$1.4MForm 4
Aug 15, 2022Thomas Thomas ADirectorSale40,000$33.94$1.4MForm 4
Jul 15, 2022Thomas Thomas ADirectorSale40,000$33.74$1.3MForm 4
Jun 15, 2022Thomas Thomas ADirectorSale40,000$33.15$1.3MForm 4
May 16, 2022Thomas Thomas ADirectorSale40,000$33.46$1.3MForm 4
Apr 18, 2022Thomas Thomas ADirectorSale40,000$30.73$1.2MForm 4
Mar 15, 2022Thomas Thomas ADirectorSale40,000$26.68$1.1MForm 4
Feb 15, 2022Thomas Thomas ADirectorSale40,000$26.42$1.1MForm 4
Jan 18, 2022Thomas Thomas ADirectorSale40,000$25.25$1.0MForm 4
Dec 20, 2021Thomas Thomas ADirectorSale40,000$27.21$1.1MForm 4
Dec 15, 2021Borden Teresa A.Chief Construction OfficerSale50,000$26.50$1.3MForm 4
Dec 9, 2021Borden Teresa A.Chief Construction OfficerSale25,000$26.26$656.5KForm 4
Dec 8, 2021Borden Teresa A.Chief Construction OfficerSale25,000$26.38$659.5KForm 4
Dec 7, 2021Borden Teresa A.Chief Construction OfficerSale25,000$26.38$659.5KForm 4
Dec 6, 2021Borden Teresa A.Chief Construction OfficerSale25,000$26.50$662.5KForm 4
Nov 23, 2021Roy RobChief Executive OfficerSale200,000$26.79$5.4MForm 4
Nov 19, 2021Borden Teresa A.Chief Construction OfficerSale25,000$27.21$680.2KForm 4
Nov 18, 2021Borden Teresa A.Chief Construction OfficerSale30,000$27.17$815.1KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 17, 2021Raised $35 million in a private offering of equity Form D: 1 investor so far Form D

Sources

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