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Private company

Switch, Inc.

Switch, Inc. is an American computer programming, data processing services company.2 It is headquartered in Carson City, United States.2

Last updated Oct 21, 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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Corporate structure

Switch, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Switch, Inc.

  • RBC Rochdale, LLC Filed SC 13G/A on Switch, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Peter M. Thomas Filed SC 13G/A on Switch, Inc., latest Dec 13, 2022 (2 filings since Feb 14, 2022)
  • Steven Clark Thomas Filed SC 13G/A on Switch, Inc., latest Dec 13, 2022 (2 filings since Feb 14, 2022)
  • Stella Roy Filed SC 13G/A on Switch, Inc., latest Dec 9, 2022 (2 filings since Feb 14, 2022)
  • Rob Roy Filed SC 13G/A on Switch, Inc., latest Dec 8, 2022 (2 filings since Feb 14, 2022)
  • Thomas A. Thomas Filed SC 13G/A on Switch, Inc., latest Dec 8, 2022 (2 filings since Feb 14, 2022)
  • Dennis Alan Troesh Filed SC 13D/A on Switch, Inc., latest Dec 7, 2022
  • Erin Thomas Morton Filed SC 13G/A on Switch, Inc., latest Feb 14, 2022
  • VANGUARD GROUP INC Filed SC 13G/A on Switch, Inc., latest Feb 10, 2022
  • Senvest Management, LLC Filed SC 13G/A on Switch, Inc., latest Feb 9, 2022
  • Switch, Inc. Carson City, Nevada, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Switch, 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
Property and equipment, before depreciation$3.1B3 Dec 31, 2021$2.4B3 Dec 31, 2020+27.4%
Accumulated depreciation$868.7M3 Dec 31, 2021$699.9M3 Dec 31, 2020+24.1%
Property and equipment, net$2.2B3 Dec 31, 2021$1.7B3 Dec 31, 2020+28.8%
Operating-lease assets (leased space)$29.2M8 Dec 31, 2020$30.6M8 Dec 31, 2019−4.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$48.3M3 Dec 31, 2021$90.7M3 Dec 31, 2020−46.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$106.3M3 Dec 31, 2021$03 Dec 31, 2020
Intangible assets, net (excluding goodwill)$125.8M3 Dec 31, 2021$2.4M3 Dec 31, 2020+5090.2%
Indefinite-lived intangibles (excluding goodwill)$1.4M3 Dec 31, 2021$1.4M3 Dec 31, 20200%

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. Dec 6, 20228-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale28
  2. Nov 9, 20228-K Results of operations29
  3. Nov 7, 20228-K Unregistered sale of shares30
  4. Oct 7, 20228-K Unregistered sale of shares31
  5. Aug 8, 20228-K Results of operations; Shareholder vote32
  6. Aug 5, 20228-K Unregistered sale of shares33
  7. Jul 8, 20228-K Unregistered sale of shares34
  8. Jun 16, 20228-K Shareholder vote35
  9. May 19, 20228-K Unregistered sale of shares36
  10. May 11, 20228-K Financial statements and exhibits37
  11. May 11, 20228-K Entered a material agreement; Regulation FD disclosure38
  12. May 10, 20228-K Results of operations39
  13. Oct 5, 2017New chief executive Rob Roy becomes CEO12
  14. Nov 18, 2003Founded Switch, Inc. is founded2

Calendar

When it reported results

  1. Nov 9, 2022Reported quarterly or annual results29
  2. Aug 8, 2022Reported quarterly or annual results32
  3. May 10, 2022Reported quarterly or annual results39
  4. Feb 24, 2022Reported quarterly or annual results40
  5. Nov 4, 2021Reported quarterly or annual results41

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

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.

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$35.0M 2021–2021
Money received by yearMoney received by year, 2021–2021: $35.0M in all. Private raises (Form D) $35.0M.$0$10M$20M$30M$40M2021 · Private raises (Form D): $35.0M2021
Figures by year
YearPrivate raises (Form D)Total
2021$35.0M$35.0M

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 17, 2021Raised $35 million in a private offering of equity27 Form D: 1 investor so far Form D

SEC filer profile

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

  • Name on EDGARSwitch, Inc.1
  • CIK0001710583
  • Employer ID (EIN)82-18839531
  • Filer statusLarge accelerated filer1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • Business address7135 South Decatur Boulevard, Las Vegas, NV 891181
  • Phone(702) 444-41111
  • Public float$2.4B as of Jun 30, 20213
  • On EDGAR sinceJun 29, 20171
  • Filings625 in all: 4 (314), SC 13G/A (78), 8-K (74), SC 13G (38), 3 (31), 10-Q (16), 4/A (12), DEFA14A (9)1
    All 38 form types

    CORRESP (6), 10-K (5), DEF 14A (5), 3/A (3), 5 (3), 8-K/A (3), UPLOAD (3), EFFECT (2), SC 13D/A (2), 144 (1), 15-12G (1), 25-NSE (1), 424B4 (1), 425 (1), 8-A12B (1), CERTNYS (1), D (1), DEFM14A (1), DRS (1), DRS/A (1), DRSLTR (1), POS AM (1), PRE 14A (1), PREM14A (1), S-1 (1), S-1/A (1), S-3ASR (1), S-8 (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2022
    Quarterly report (10-Q) Nov 9, 2022
    Proxy statement (DEF 14A) Apr 28, 2022
    Latest 8-K (8-K) Dec 6, 2022

Sources

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