Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 651M | 25% |
| Gross Profit | -348M | 34.3% |
| Cost of Revenue | 999M | 4.9% |
| Operating expense | 71M | 1.4% |
| Net Income | 157M | 121.1% |
| EBITDA | -277M | 39.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 25.6B | 2% |
| Total Liabilities | 22.4B | 2% |
| Total Equity | 3.21B | 1.7% |
| Shares Outstanding | 119M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 677M | 4.9% |
| Cash from investing | -1.01B | 0.9% |
| Cash from financing | 303M | 98% |
EPS
Financial Highlights for OneMain in Q3 '24
OneMain reported a revenue of 651M, which is a 25% 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 -348M, marking a 34.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 999M, a -4.9% 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 71M, showing a 1.4% 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 157M, showing a 121.1% 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 -277M, showing a 39.8% 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.
It was a positive quarter for OneMain with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
