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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 280M | 3.2% |
| Gross Profit | -35M | 17.1% |
| Cost of Revenue | 315M | 0.5% |
| Operating expense | 186M | 1.2% |
| Net Income | 73M | 26.8% |
| EBITDA | 131M | 41.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.61B | 7% |
| Total Liabilities | 907M | 5.8% |
| Total Equity | 372M | 9.1% |
| Shares Outstanding | 80M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 113M | 48.6% |
| Cash from investing | 230,000 | 94.8% |
| Cash from financing | -66M | 13% |
EPS
Financial Highlights for Artisan Partners Asset Management in Q3 '24
Artisan Partners Asset Management reported a revenue of 280M, which is a 3.2% 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 -35M, marking a 17.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 315M, a 0.5% 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 186M, showing a 1.2% 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 73M, showing a 26.8% 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 131M, showing a 41.2% 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.
It was a positive quarter for Artisan Partners Asset Management with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
