New Relic Inc. (NYSE: NEWR)
Software - Application · San Francisco, CA, United States · Founded 2008
- Market capitalization: $6.0 billion
- Annual revenue: $0.93 billion
- Net income: $-0.18 billion
- Employees: 3,000
- Sector: Technology
- Headquarters: San Francisco, United States
- Founded: 2008
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New Relic is an observability platform that helps developers monitor application performance, infrastructure, and user experience. They pivoted to a consumption-based pricing model in 2020, which was painful but necessary. The company was taken private by Francisco Partners and TPG in 2023.
Consumption-based pricing — customers pay per user and per gigabyte of data ingested. The shift from subscription to consumption was meant to lower the barrier to adoption and align pricing with value. The all-in-one platform approach bundles APM, infrastructure, logs, and browser monitoring.
Founded in 2008 by Lew Cirne in San Francisco, New Relic went public in 2014. They were an early leader in APM but lost ground to Datadog and Dynatrace. The $6.5 billion take-private deal in 2023 by Francisco Partners and TPG took them off the public markets to execute a turnaround.
| Market Capitalization | $6.0B |
| Annual Revenue | $0.93B |
| Net Income | $-0.18B |
| Profit Margin | -19% |
| Revenue per Employee | $310000K |
| Stock Exchange | NYSE |
| Ticker Symbol | NEWR |
Financial data is approximate and based on most recent annual filings.
New Relic's name is an anagram of founder Lew Cirne's name. The company's decision to make their platform free for up to 100GB of data per month was one of the most aggressive freemium moves in enterprise software.
New Relic had the right product at the right time but fumbled the execution. Going private was the right call — they need space to rebuild without quarterly earnings pressure.
What is New Relic Inc.'s revenue?
New Relic Inc. generates approximately $0.93 billion in annual revenue.
How many employees does New Relic Inc. have?
New Relic Inc. employs approximately 3,000 people worldwide.
What is New Relic Inc.'s market cap?
New Relic Inc. (NEWR) has a market capitalization of approximately $6.0 billion on the NYSE.
When was New Relic Inc. founded?
New Relic Inc. was founded in 2008 and is headquartered in San Francisco, CA, United States.
Who is the CEO of New Relic Inc.?
Ashan Willy is the current CEO of New Relic Inc..
What is New Relic Inc.'s website?
New Relic Inc.'s official website is newrelic.com.
| CEO | Ashan Willy |
| Sector | Technology |
| Industry | Software - Application |
| Founded | 2008 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | newrelic.com |
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