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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 78M | 21.1% |
| Gross Profit | 19M | 355.3% |
| Cost of Revenue | 59M | 1.6% |
| Operating expense | 63M | 0.5% |
| Net Income | 6.2M | 241.7% |
| EBITDA | 16M | 635.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 338M | 7.6% |
| Total Liabilities | 358M | 5.9% |
| Total Equity | 40M | 41% |
| Shares Outstanding | 25M | 1.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 19M | 60.9% |
| Cash from investing | -2.9M | 2% |
| Cash from financing | -43M | 47323.1% |
EPS
Financial Highlights for Goosehead Insurance in Q2 '24
Goosehead Insurance reported a revenue of 78M, which is a 21.1% 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 19M, marking a 355.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 59M, a -1.6% 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 63M, showing a -0.5% 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 6.2M, showing a 241.7% 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.
The company's EBITDA for the quarter was 16M, showing a 635.9% 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 Goosehead Insurance with growth in revenue, gross profit, and net income.
