Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.12B | 70.1% |
| Gross Profit | 1.54B | 114.5% |
| Cost of Revenue | 585M | 10.2% |
| Operating expense | 310M | 20.2% |
| Net Income | -469M | 270.5% |
| EBITDA | -593M | 225.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 346B | 2.3% |
| Total Liabilities | 335B | 2.2% |
| Total Equity | 10.7B | 6.1% |
| Shares Outstanding | 74M | 1.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.36B | 7.7% |
| Cash from investing | -401M | 79% |
| Cash from financing | 359M | 197.3% |
EPS
Financial Highlights for Jackson Financial in Q3 '24
Jackson Financial reported a revenue of 2.12B, which is a 70.1% 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 1.54B, marking a 114.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 585M, a 10.2% 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 310M, showing a 20.2% 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 -469M, showing a -270.5% 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 -593M, showing a -225.6% 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.
Jackson Financial faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
