Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.96B | 37.1% |
| Gross Profit | 1.49B | 262% |
| Cost of Revenue | 2.47B | 35.2% |
| Operating expense | 744M | 11.1% |
| Net Income | 1.53B | 396.8% |
| EBITDA | 3.6B | 83.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 151B | 1.2% |
| Total Liabilities | 135B | 2.3% |
| Total Equity | 16.1B | 9.2% |
| Shares Outstanding | 251M | 0.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.58B | 39.9% |
| Cash from investing | -2.49B | 795.5% |
| Cash from financing | -3.63B | 807% |
EPS
Financial Highlights for Discover in Q2 '24
Discover reported a revenue of 3.96B, which is a 37.1% 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 1.49B, marking a 262% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.47B, a -35.2% 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 744M, showing a -11.1% 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 1.53B, showing a 396.8% 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 3.6B, showing a 83.5% 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 Discover with growth in revenue, gross profit, and net income.
