Altair Engineering Inc

Common Name

Altair Engineering

Country

United States

Sector

Technology

Industry

Software - Application

Employees

3,500

Ticker

ALTR

Exchange

NASDAQ/NGS

Website

www.altair.com

Description

Altair Engineering Inc. is a diversified technology company specializing in advanced computational software for product design and engineering. With its primary focus on simulation, high-performance c... Show more

Financial Statements of Altair Engineering

Below are the financial statements of Altair Engineering, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenue	—	—	—
License	435.29^a	393.14^a	363.52^a
Maintenance and other services	176.61^a	156.83^a	142.99^a
Total software	611.9^a	549.97^a	506.51^a
Engineering services and other	53.89^a	62.73^a	65.71^a
Total revenue	665.79^a	612.7^a	572.22^a
Cost of revenue	—	—	—
License	-15.1^a	-15.09^a	-20.5^a
Maintenance and other services	-64.01^a	-56.09^a	-51.95^a
Total software	-79.11^a	-71.18^a	-72.44^a
Engineering services and other	-45.69^a	-50.61^a	-50.45^a
Total cost of revenue	-124.8^a	-121.79^a	-122.89^a
Gross profit	540.99^a	490.91^a	449.33^a
Operating expenses	—	—	—
Research and development	-221.16^a	-212.65^a	-202.54^a
Sales and marketing	-184.28^a	-176.14^a	-163.88^a
General and administrative	-90.15^a	-70.89^a	-72.29^a
Amortization of intangible assets	-33.02^a	-30.85^a	-27.51^a
Other operating (income) expense, net	-5.31^a	0.15^a	-9.96^a
Total operating expenses	-523.3^a	-490.67^a	-456.27^a
Operating income (loss)	17.69^a	0.24^a	-6.94^a
Interest expense	-5.84^a	-6.12^a	-4.38^a
Other (income) expense, net	-20.78^a	-18.49^a	16.9^a
Income (loss) before income taxes	32.63^a	12.62^a	-28.21^a
Income tax expense	-18.46^a	-21.55^a	-15.22^a
Net income (loss)	14.18^a	-8.93^a	-43.43^a

Verified Sources Behind Altair Engineering’s Financial Fundamentals Data

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a. Altair Engineering's 10-K 2024

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Altair Engineering Inc

Financial Statements of Altair Engineering

Verified Sources Behind Altair Engineering’s Financial Fundamentals Data

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