Similar companies
Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 32.2B | 13% |
Gross Profit | 9.93B | 58.9% |
Cost of Revenue | 8.98B | 1% |
Operating expense | 1.88B | 14.4% |
Net Income | 4.13B | 105.8% |
EBITDA | 23.8B | 18% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 1,698B | 3.5% |
Total Liabilities | 1,580B | 3.6% |
Total Equity | 119B | 1.4% |
Shares Outstanding | 324M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | -28B | 1.1% |
Cash from investing | -7.98B | 138.8% |
Cash from financing | 7.17B | 74.4% |
EPS
Financial Highlights for Goldman Sachs in Q1 '24
Goldman Sachs reported a revenue of 32.2B, which is a 13% 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 9.93B, marking a 58.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.98B, a -1% 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 1.88B, showing a -14.4% 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 4.13B, showing a 105.8% 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 23.8B, showing a 18% 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 Goldman Sachs with growth in revenue, gross profit, and net income.