Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.66B | 31% |
| Gross Profit | 1.87B | 47.6% |
| Cost of Revenue | 1.79B | 17.2% |
| Operating expense | 423M | 6.4% |
| Net Income | 781M | 75.7% |
| EBITDA | 1.15B | 39.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 42.6B | 4.9% |
| Total Liabilities | 23.1B | 5.5% |
| Total Equity | 7.01B | 2.5% |
| Shares Outstanding | 731M | 1.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.22B | 5.5% |
| Cash from investing | -19M | 56.6% |
| Cash from financing | -1.28B | 5.1% |
EPS
Financial Highlights for Blackstone in Q3 '24
Blackstone reported a revenue of 3.66B, which is a 31% 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 1.87B, marking a 47.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.79B, a 17.2% 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 423M, showing a 6.4% 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 781M, showing a 75.7% 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 1.15B, showing a 39.4% 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 Blackstone with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
