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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 670M | 7.6% |
| Gross Profit | 162M | 20.2% |
| Cost of Revenue | 508M | 4.1% |
| Operating expense | 93M | 1.9% |
| Net Income | 39M | 130.6% |
| EBITDA | 75M | 57.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.84B | 1.2% |
| Total Liabilities | 2.55B | 0.3% |
| Total Equity | 1.28B | 4.4% |
| Shares Outstanding | 58M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 109M | 5.9% |
| Cash from investing | -26M | 31.5% |
| Cash from financing | -9.1M | 90.7% |
EPS
Financial Highlights for Bright Horizons in Q2 '24
Bright Horizons reported a revenue of 670M, which is a 7.6% 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 162M, marking a 20.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 508M, a 4.1% 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 93M, showing a -1.9% 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 39M, showing a 130.6% 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 75M, showing a 57.4% 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 Bright Horizons with growth in revenue, gross profit, and net income.
