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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 3.69B | 187% |
Gross Profit | 2B | 351.3% |
Cost of Revenue | 1.69B | 100.4% |
Operating expense | 453M | 17% |
Net Income | 847M | 458.2% |
EBITDA | 1.25B | 295.7% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 39.7B | 1.4% |
Total Liabilities | 21.2B | 4.4% |
Total Equity | 6.96B | 2% |
Shares Outstanding | 722M | 0.4% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 940M | 4.9% |
Cash from investing | -18M | 43.3% |
Cash from financing | -1.52B | 112.8% |
EPS
Financial Highlights for Blackstone in Q1 '24
Blackstone reported a revenue of 3.69B, which is a 187% 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 2B, marking a 351.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.69B, a 100.4% 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 453M, showing a 17% 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 847M, showing a 458.2% 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 1.25B, showing a 295.7% 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.
It was a positive quarter for Blackstone with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.