Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 805M | 3.1% |
Gross Profit | 281M | 1% |
Cost of Revenue | 524M | 5.4% |
Operating expense | 94M | 34.8% |
Net Income | 194M | 9.1% |
EBITDA | 208M | 70.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 80.6B | 4.7% |
Total Liabilities | 74.2B | 4.8% |
Total Equity | 6.33B | 2.6% |
Shares Outstanding | 109M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -746M | 143.3% |
Cash from investing | -2.51B | 31.1% |
Cash from financing | 3.79B | 36.2% |
EPS
Financial Highlights for Western Alliance in Q2 '24
Western Alliance reported a revenue of 805M, which is a 3.1% 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 281M, marking a -1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 524M, a 5.4% 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 94M, showing a -34.8% 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 194M, showing a 9.1% 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 208M, showing a -70.7% 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.
Western Alliance faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.