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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 2.83B | 7.1% |
Gross Profit | 2.4B | 15.5% |
Cost of Revenue | 434M | 23.4% |
Operating expense | 162M | 46% |
Net Income | 289M | 32.7% |
EBITDA | 464M | 11.6% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 11B | 6.1% |
Total Liabilities | 8.75B | 5.3% |
Total Equity | 2.27B | 9.2% |
Shares Outstanding | 75M | 0.9% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 426M | 198.8% |
Cash from investing | -130M | 35.6% |
Cash from financing | -50M | 113.6% |
EPS
Financial Highlights for LPL Financial in Q1 '24
LPL Financial reported a revenue of 2.83B, which is a 7.1% 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 2.4B, marking a 15.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 434M, a -23.4% 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 162M, showing a -46% 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 289M, showing a 32.7% 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 464M, showing a -11.6% 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.
It was a positive quarter for LPL Financial with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.