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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 636M | 12% |
| Gross Profit | 385M | 12.8% |
| Cost of Revenue | 251M | 10.8% |
| Operating expense | 313M | 7.4% |
| Net Income | 31M | 1% |
| EBITDA | 64M | 14% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.11B | 2.9% |
| Total Liabilities | 840M | 3.1% |
| Total Equity | 1.27B | 2.8% |
| Shares Outstanding | 285M | 13.1% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 158M | 54.4% |
| Cash from financing | -14M | 10.2% |
Financial Highlights for On Holding in Q3 '24
On Holding reported a revenue of 636M, which is a 12% 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 385M, marking a 12.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 251M, a 10.8% 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 313M, showing a 7.4% 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 31M, showing a -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 64M, showing a 14% 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.
On Holding faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
