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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 151M | 11.5% |
| Gross Profit | 51M | 163.4% |
| Cost of Revenue | 100M | 14% |
| Operating expense | 22M | 1.4% |
| Net Income | 49M | 23.2% |
| EBITDA | 33M | 7359.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 18.3B | 0.2% |
| Total Liabilities | 16B | 0.3% |
| Total Equity | 2.3B | 4.1% |
| Shares Outstanding | 58M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 77M | 21.9% |
| Cash from investing | -68M | 337.4% |
| Cash from financing | -29M | 31.2% |
EPS
Financial Highlights for First Merchants in Q3 '24
First Merchants reported a revenue of 151M, which is a 11.5% 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 51M, marking a 163.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 100M, a -14% 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 22M, showing a -1.4% 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 49M, showing a 23.2% 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 33M, showing a 7359.4% 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 First Merchants with growth in revenue, gross profit, and net income.
