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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.37B | 8% |
| Gross Profit | 4.41B | 11.1% |
| Cost of Revenue | 962M | 4.3% |
| Operating expense | -2.23B | 539.4% |
| Net Income | 1.63B | 9.1% |
| EBITDA | 2.18B | 13.6% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 133B | 6% |
| Total Liabilities | 89.2B | 7.4% |
| Total Equity | 41.2B | 2.7% |
| Shares Outstanding | 150M | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.38B | 1.2% |
| Cash from financing | 2.36B | 468.2% |
EPS
Financial Highlights for Blackrock in Q3 '24
Blackrock reported a revenue of 5.37B, which is a 8% 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 4.41B, marking a 11.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 962M, a -4.3% 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 -2.23B, showing a -539.4% 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 1.63B, 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 2.18B, showing a 13.6% 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 Blackrock with growth in revenue, gross profit, and net income.
