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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 662M | 2.3% |
| Gross Profit | 477M | 2.8% |
| Cost of Revenue | 186M | 0.8% |
| Operating expense | 390M | 0.9% |
| Net Income | 57M | 8.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.44B | 0.2% |
| Total Liabilities | 3.07B | 0.5% |
| Shares Outstanding | 113M | 2.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 217M | 43.9% |
| Cash from investing | -9M | 241.7% |
| Cash from financing | -167M | 5% |
EPS
Financial Highlights for Etsy in Q3 '24
Etsy reported a revenue of 662M, which is a 2.3% 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 477M, marking a 2.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 186M, a 0.8% 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 390M, showing a -0.9% 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 57M, showing a 8.2% 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.
It was a positive quarter for Etsy with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
