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Private company

KLDiscovery Inc.

KLDiscovery Inc. is an American computer programming, data processing services company.2 It is headquartered in Wilmington, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Computer Programming, Data Processing, Etc.2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address9023 Columbine Road, Eden Prairie, Mn 553473
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI549300ZSG089YPZ24F882
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 70016242

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We solve complex legal, regulatory and data challenges for our clients around the world by leveraging our proprietary software and innovative technology-based solutions.5 From its latest annual report

Financials

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

Key numbers, fiscal 2023

50.3%Gross margin6
9.9%Operating margin6
-10.1%Net margin6
8.9%Revenue growth, 20236
-856.0%Return on equity6
134.46×Debt to equity6
-$9.3MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue50¢$171.9M
  • Research and development4¢$13.1M
  • Other costs26¢$91.1M
  • Interest19¢$66.7M
  • Income tax1¢$3.0M

Out of $345.8M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending100¢$14.3M

Out of $5.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue789106$345.8M in 2023+17% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $296.3M$296.3M20182019: $312.1M$312.1M2019+5%2020: $289.5M$289.5M2020−7%2021: $320.5M$320.5M2021+11%2022: $317.4M$317.4M2022−1%2023: $345.8M$345.8M2023+9%
Gross profit789106$173.9M in 2023+27% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $136.7M$136.7M20182019: $151.2M$151.2M2019+11%2020: $141.8M$141.8M2020−6%2021: $156.5M$156.5M2021+10%2022: $152.0M$152.0M2022−3%2023: $173.9M$173.9M2023+14%
Operating income789106$34.3M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2018: -$24.9M-$24.9M20182019: $2.6M$2.6M20192020: $1.8M$1.8M2020−31%2021: -$5.3M-$5.3M20212022: $12.0M$12.0M20222023: $34.3M$34.3M2023+185%
Net income789106-$34.8M in 2023−49% since 2018
-$80.0M-$60.0M-$40.0M-$20.0M02018: -$67.7M-$67.7M20182019: -$54.0M-$54.0M2019−20%2020: -$49.9M-$49.9M2020−8%2021: -$60.5M-$60.5M2021+21%2022: -$43.2M-$43.2M2022−29%2023: -$34.8M-$34.8M2023−19%
Fiscal year2017201820192020202120222023
Revenue$296.3M7$312.1M8$289.5M9$320.5M10$317.4M6$345.8M6
Cost of revenue$159.6M7$160.8M8$147.7M9$164.0M10$165.5M6$171.9M6
Gross profit$136.7M7$151.2M8$141.8M9$156.5M10$152.0M6$173.9M6
Research and development$7.1M7$5.9M8$7.2M9$10.3M10$13.5M6$13.1M6
Operating expenses$161.8M10$139.9M6$139.6M6
Operating income-$24.9M7$2.6M8$1.8M9-$5.3M10$12.0M6$34.3M6
Interest$46.6M7$48.4M8$50.7M9$50.4M10$54.6M6$66.7M6
Income before tax-$61.0M10-$41.5M6-$31.9M6
Income tax-$3.7M7$719.0K8$936.0K9-$447.0K10$1.7M6$3.0M6
Net income-$67.7M7-$54.0M8-$49.9M9-$60.5M10-$43.2M6-$34.8M6
Earnings per share-$1.687-$1.278-$1.179-$1.4210-$1.016-$0.816
Earnings per share (diluted)-$1.687-$1.278-$1.179-$1.4210-$1.016-$0.816
Shares (weighted, basic)42.6M shares1042.7M shares643.0M shares6
Shares (weighted, diluted)42.6M shares1042.7M shares643.0M shares6

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Corporate structure

KLDiscovery Inc. sits at the top of its group. 15 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KLDiscovery Inc.

  • KLDiscovery Inc. Wilmington, Delaware, United States
    • Ibas Ontrack AB Subsidiary · Sweden
    • Ibas Ontrack ApS Subsidiary · Denmark
    • KLDiscovery India Technology Services Private Limited Subsidiary · India
    • KLDiscovery Ontrack (HK) Limited Subsidiary · Hong Kong
    • KLDiscovery Ontrack (Switzerland) GmbH Subsidiary · Switzerland
    • KLDiscovery Ontrack AS Subsidiary · Norway
    • KLDiscovery Ontrack Canada Co. Subsidiary · Canada
    • KLDiscovery Ontrack Information Technology Service (Shanghai) Co Ltd Subsidiary · China
    • KLDiscovery Ontrack K.K. Subsidiary · Japan
    • KLDiscovery Ontrack S.L. Subsidiary · Spain
    • KLDiscovery Ontrack S.p z.o.o. Subsidiary · Poland
    • KLDiscovery Ontrack S.r.l. Subsidiary · Italy
    • KLDiscovery Ontrack Single Member P.C. Subsidiary · Greece
    • LD International Holdings Limited Subsidiary · United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KLDiscovery Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$73.0M6 Dec 31, 2023$80.0M6 Dec 31, 2022−8.6%
Property and equipment, net$17.3M6 Dec 31, 2023$19.8M6 Dec 31, 2022−13.0%
Finance-lease assets$1.7M6 Dec 31, 2023$2.0M6 Dec 31, 2022−11.0%
Operating-lease assets (leased space)$10.1M6 Dec 31, 2023$12.4M6 Dec 31, 2022−18.8%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in176 Dec 31, 20231610 Dec 31, 2022+6.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$396.3M6 Dec 31, 2023$391.1M6 Dec 31, 2022+1.3%
Intangible assets, net (excluding goodwill)$39.7M6 Dec 31, 2023$46.9M6 Dec 31, 2022−15.2%
Finite-lived intangibles, net$39.7M6 Dec 31, 2023$46.9M6 Dec 31, 2022−15.2%

Leadership

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

Chief executive

  1. Christopher Weiler2019–2021

Chief financial officer

  1. James Hr Brady2019
  2. Dawn M. Wilson2019–2021
20202025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAndrew L. Southam named Mar 26, 202629
  • Executive OfficerBarry L. Capoot named Mar 26, 202629
  • Executive OfficerJulian L. Merschen named Mar 26, 202629
  • Executive OfficerLou F. Paglia named Mar 26, 202629
  • Executive OfficerMary L. Miller named Mar 26, 202629
  • Executive OfficerSamantha L. Wormington named Mar 26, 202629
  • Executive OfficerDanny M. Zambito named Oct 5, 202330
  • DirectorAndrew L. Shimek named Mar 26, 202629
  • DirectorAntony F. Waszkiewicz named Mar 26, 202629
  • DirectorChristopher F. Stone named Mar 26, 202629
  • DirectorDale F. Stohr named Mar 26, 202629
  • DirectorLee F. Sienna named Mar 26, 202629
  • DirectorMichael Suchsland named Mar 26, 202629
  • DirectorLloyd W. Howell Jr. named Oct 5, 202330
  • DirectorRichard J. Williams named Oct 5, 202330
  • DirectorTanenbaum B. Lauren named Oct 5, 202330

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Ibas Ontrack AB Sweden4
  • Ibas Ontrack AS Norway4
  • Ibas Ontrack ApS Denmark4
  • Ibas Ontrack OY Finland4
  • KLDiscovery India Technology Services Private Limited India4
  • KLDiscovery Limited Ireland4
  • KLDiscovery Ontrack (HK) Limited Hong Kong4
  • KLDiscovery Ontrack (Switzerland) GmbH Switzerland4
  • KLDiscovery Ontrack AS Norway4
  • KLDiscovery Ontrack BV The Netherlands4
  • KLDiscovery Ontrack Canada Co. Canada4
  • KLDiscovery Ontrack GmbH Germany4
  • KLDiscovery Ontrack Information Technology Service (Shanghai) Co Ltd China4
  • KLDiscovery Ontrack K.K. Japan4
  • KLDiscovery Ontrack Limited United Kingdom4
  • KLDiscovery Ontrack Pte Ltd Singapore4
  • KLDiscovery Ontrack Pty Ltd. Australia4
  • KLDiscovery Ontrack S.L. Spain4
  • KLDiscovery Ontrack S.p z.o.o. Poland4
  • KLDiscovery Ontrack S.r.l. Italy4
  • KLDiscovery Ontrack Sarl France4
  • KLDiscovery Ontrack Single Member P.C. Greece4
  • LD International Holdings Limited United Kingdom4
  • LD International Holdings SRL Barbados4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Pivotal Acquisition CorpSep 14, 2018 to Dec 23, 20193

Timeline

  1. Aug 15, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation31
  2. Aug 15, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation32
  3. Aug 8, 20248-K Results of operations33
  4. Jul 25, 20248-K Regulation FD disclosure34
  5. Jul 8, 20248-K Entered a material agreement; Regulation FD disclosure35
  6. Jul 2, 20248-K Entered a material agreement36
  7. Jun 18, 20248-K Bylaws or fiscal year changed; Shareholder vote37
  8. Jun 14, 20248-K Entered a material agreement38
  9. May 8, 20248-K Financial statements and exhibits39
  10. May 2, 20248-K Regulation FD disclosure40
  11. Mar 20, 20248-K Executive or director change41
  12. Mar 11, 20248-K Entered a material agreement; Executive or director change42
  13. Dec 23, 2019New chief executive Christopher Weiler becomes CEO13
  14. Aug 2, 2018Founded KLDiscovery Inc. is founded2

Calendar

When it reported results

  1. Aug 8, 2024Reported quarterly or annual results33
  2. Nov 8, 2023Reported quarterly or annual results43
  3. Aug 9, 2023Reported quarterly or annual results44
  4. May 10, 2023Reported quarterly or annual results45
  5. Mar 15, 2023Reported quarterly or annual results46
  6. Nov 9, 2022Reported quarterly or annual results47
  7. Aug 10, 2022Reported quarterly or annual results48
  8. May 11, 2022Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

72 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 33 major events, 4 large holders, 3 private raises, 20 other. The latest 20:

  1. Mar 26, 2026D/A EDGAR
  2. Dec 3, 2024D EDGAR
  3. Oct 3, 202415-12G EDGAR
  4. Sep 25, 2024EFFECT EDGAR
  5. Sep 24, 2024S-8 POS EDGAR
  6. Sep 24, 2024S-8 POS EDGAR
  7. Sep 24, 2024POS AM EDGAR
  8. Aug 15, 20248-K/A EDGAR
  9. Aug 15, 20248-K EDGAR
  10. Aug 8, 202410-Q EDGAR
  11. Aug 8, 20248-K EDGAR
  12. Jul 25, 20248-K EDGAR
  13. Jul 8, 20248-K EDGAR
  14. Jul 2, 20248-K EDGAR
  15. Jun 18, 20248-K EDGAR
  16. Jun 14, 20248-K EDGAR
  17. May 9, 202410-Q EDGAR
  18. May 9, 2024DEFA14A EDGAR
  19. May 8, 20248-K EDGAR
  20. May 2, 20248-K EDGAR

The 72 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.

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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$34.1M 2020–2024
Money received by yearMoney received by year, 2020–2024: $34.1M in all. Private raises (Form D) $34.1M.$0$10M$20M$30M$40M2020 · Private raises (Form D): $304.0K20202021202220232024 · Private raises (Form D): $33.7M2024
Figures by year
YearPrivate raises (Form D)Total
2024$33.7M$33.7M
2020$304.0K$304.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Nov 19, 2024Raised $33.7 million in a private offering of equity29 Form D: 27 investors so far Form D
  2. Jan 20, 2020Raised $303,961 in a private offering of equity30 Form D: 10 investors so far Form D

SEC filer profile

How KLDiscovery Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKLDiscovery Inc.1
  • CIK0001752474
  • Employer ID (EIN)61-18986031
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address9023 Columbine Road, Eden Prairie, MN 553471
  • Phone703-288-33801
  • Shares outstanding43,516,392 as of Aug 8, 202412
  • Public float$21.5M as of Jun 30, 20236
  • On EDGAR sinceSep 14, 20181
  • Filings236 in all: 8-K (59), 4 (24), 3 (22), 424B3 (19), 10-Q (17), 425 (11), 10-K (6), EFFECT (6)1
    All 37 form types

    SC 13G/A (6), CORRESP (5), DEF 14A (5), DEFA14A (5), POS AM (4), S-4/A (4), SC 13G (4), 8-K/A (3), S-1 (3), SC 13D (3), SC 13D/A (3), UPLOAD (3), ARS (2), D (2), DRS/A (2), PRE 14A (2), S-8 (2), S-8 POS (2), SEC STAFF LETTER (2), 15-12G (1), 25-NSE (1), 3/A (1), 8-A12B (1), CERT (1), D/A (1), DRS (1), RW (1), S-1/A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2024
    Quarterly report (10-Q) Aug 8, 2024
    Proxy statement (DEF 14A) Apr 29, 2024
    Latest 8-K (8-K) Aug 15, 2024

Sources

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