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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 302M | 8.5% |
| Gross Profit | -210M | 7.7% |
| Cost of Revenue | 197M | 9% |
| Operating expense | 49M | 0.2% |
| Net Income | 14M | 3% |
| EBITDA | 119M | 6.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 11B | 15.1% |
| Total Liabilities | 9.69B | 16.8% |
| Total Equity | 1.34B | 4.3% |
| Shares Outstanding | 112M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -670M | 28.2% |
| Cash from investing | -594M | 222% |
| Cash from financing | 1.34B | 330.2% |
EPS
Financial Highlights for LendingClub in Q3 '24
LendingClub reported a revenue of 302M, which is a 8.5% 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 -210M, marking a -7.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 197M, a 9% 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 49M, showing a -0.2% 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 14M, showing a -3% 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 119M, showing a 6.9% 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.
LendingClub faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
