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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 15B | 3.5% |
| Gross Profit | 8.42B | 8.8% |
| Cost of Revenue | 6.55B | 2.5% |
| Operating expense | 7.06B | 7.8% |
| Net Income | -330M | 120.6% |
| EBITDA | -2.67B | 225.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 134B | 2.1% |
| Total Liabilities | 110B | 3.5% |
| Total Equity | 24.4B | 5.1% |
| Shares Outstanding | 924M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -745M | 117.9% |
| Cash from financing | 2.64B | 40.5% |
EPS
Financial Highlights for IBM in Q3 '24
IBM reported a revenue of 15B, which is a 3.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 8.42B, marking a 8.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.55B, a -2.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 7.06B, showing a -7.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -330M, showing a -120.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -2.67B, showing a -225.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
IBM faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
