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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.12B | 14.2% |
Gross Profit | 941M | 14.9% |
Cost of Revenue | 2.64B | 8.4% |
Operating expense | 976M | 7.4% |
Net Income | -42M | 83.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 3.44B | 6% |
Total Liabilities | 6.2B | 2.2% |
Shares Outstanding | 122M | 1.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 245M | 276.3% |
Cash from investing | -52M | 30.7% |
Cash from financing | 3M | 0% |
EPS
Financial Highlights for Wayfair in Q2 '24
Wayfair reported a revenue of 3.12B, which is a 14.2% 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 941M, marking a 14.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.64B, a 8.4% 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 976M, 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 -42M, showing a 83.1% 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.
It was a positive quarter for Wayfair with growth in revenue, gross profit, and net income.