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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 583M | 3.4% |
| Gross Profit | 281M | 14.2% |
| Cost of Revenue | 302M | 5% |
| Operating expense | 300M | 5.4% |
| Net Income | 204M | 12.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 15.8B | 6.8% |
| Total Liabilities | 11.2B | 7.9% |
| Total Equity | 4.59B | 4.3% |
| Shares Outstanding | 65M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -164M | 685.7% |
| Cash from investing | -558M | 22% |
| Cash from financing | 791M | 16% |
EPS
Financial Highlights for Mr. Cooper Group in Q2 '24
Mr. Cooper Group reported a revenue of 583M, which is a 3.4% 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 281M, marking a 14.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 302M, a -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 300M, showing a -5.4% 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 204M, showing a 12.7% 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.
It was a positive quarter for Mr. Cooper Group with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
