This company has been acquired
New Relic Management
Management criteria checks 1/4
New Relic's CEO is Bill Staples, appointed in Jul 2021, has a tenure of 2.33 years. total yearly compensation is $23.21M, comprised of 2.5% salary and 97.5% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $9.72M. The average tenure of the management team and the board of directors is 2.3 years and 2.4 years respectively.
Key information
Bill Staples
Chief executive officer
US$23.2m
Total compensation
| CEO salary percentage | 2.5% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
New Relic: A Great Way To Cash Out
Aug 01New Relic: The Impact Of Revenue Growth Deceleration (Rating Downgrade)
Jun 27New Relic: Full Steam Ahead; Buy With Confidence (Rating Upgrade)
May 30New Relic Non-GAAP EPS of $0.32 beats by $0.17, revenue of $239.8M beats by $6.88M
Feb 07New Relic: Scoop This Up As Growth Revs Up Again
Jan 17New Relic: From Bubble To Overvalued
Nov 01Skykit joins hands with New Relic for making data observatory more accessible
Oct 20New Relic: The Rally Is Just Beginning
Aug 09New Relic jumps 16% on report of potential sale process
Jul 20New Relic goes into the red following Morgan Stanley downgrade
Jul 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | -US$144m |
| Jun 30 2023 | n/a | n/a | -US$167m |
| Mar 31 2023 | US$23m | US$585k | -US$180m |
| Dec 31 2022 | n/a | n/a | -US$179m |
| Sep 30 2022 | n/a | n/a | -US$215m |
| Jun 30 2022 | n/a | n/a | -US$222m |
| Mar 31 2022 | US$14m | US$480k | -US$250m |
| Dec 31 2021 | n/a | n/a | -US$257m |
| Sep 30 2021 | n/a | n/a | -US$247m |
| Jun 30 2021 | n/a | n/a | -US$241m |
| Mar 31 2021 | US$795k | US$405k | -US$193m |
| Dec 31 2020 | n/a | n/a | -US$159m |
| Sep 30 2020 | n/a | n/a | -US$132m |
| Jun 30 2020 | n/a | n/a | -US$104m |
| Mar 31 2020 | US$6m | US$52k | -US$89m |
Compensation vs Market: Bill's total compensation ($USD23.21M) is above average for companies of similar size in the US market ($USD7.88M).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
CEO
Bill Staples (50 yo)
2.3yrs
Tenure
US$23,214,892
Compensation
Mr. William Staples, also known as Bill, serves as Chief Executive Officer and Director at New Relic, Inc. since July 1, 2021. He served as Chief Product Officer of New Relic, Inc. since February 14, 2020...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Non-Executive Chairman of the Board | 15.8yrs | no data | 6.67% $ 412.0m | |
| CEO & Director | 2.3yrs | US$23.21m | 0.16% $ 9.7m | |
| Chief Financial Officer | 1.3yrs | US$17.21m | 0.034% $ 2.1m | |
| Chief Operating Officer | 2.3yrs | US$3.56m | 0.020% $ 1.2m | |
| Chief Legal Officer & Corporate Secretary | 5.4yrs | US$4.40m | 0.0092% $ 569.0k | |
| Chief Revenue Officer | 1.1yrs | US$11.72m | 0.025% $ 1.5m | |
| Chief Technology Officer | less than a year | no data | no data | |
| Chief People & Diversity Officer | 2.3yrs | no data | no data | |
| Chief Product Officer | 2.3yrs | no data | no data | |
| Chief Design & Strategy Officer | 1.6yrs | no data | no data | |
| Senior Vice President of Growth | less than a year | no data | no data |
2.3yrs
Average Tenure
51yo
Average Age
Experienced Management: NEWR's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Non-Executive Chairman of the Board | 15.8yrs | no data | 6.67% $ 412.0m | |
| CEO & Director | 2.3yrs | US$23.21m | 0.16% $ 9.7m | |
| Vice Chair of the Board & Lead Independent Director | 5.5yrs | US$262.03k | 0.014% $ 873.6k | |
| Independent Director | 3.3yrs | US$252.48k | 0.017% $ 1.1m | |
| Independent Director | 1.9yrs | US$232.09k | 0.0069% $ 427.5k | |
| Independent Director | 1.4yrs | US$261.72k | no data | |
| Independent Director | 3.3yrs | US$247.62k | 0.010% $ 641.3k | |
| Independent Director | 1.4yrs | US$261.72k | 0.0096% $ 591.3k | |
| Independent Director | 2.4yrs | US$249.53k | 0.0085% $ 527.0k | |
| Independent Director | 1.4yrs | US$261.72k | 0.0055% $ 339.8k |
2.4yrs
Average Tenure
52yo
Average Age
Experienced Board: NEWR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/09 16:44 |
| End of Day Share Price | 2023/11/07 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2023/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
New Relic, Inc. is covered by 24 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Bonner | Argus Research Company |
| William Kingsley Crane | Berenberg |
| Keith Bachman | BMO Capital Markets Equity Research |