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| Company | Revenue | |
|---|---|---|
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SnowflakeSNOW |
871M 4.8% |
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C3.aiAI |
87M 0.7% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 649M | 5.5% |
| Gross Profit | 491M | 4.7% |
| Cost of Revenue | 501M | 5.6% |
| Operating expense | 510M | 1.2% |
| Net Income | 29M | 172.5% |
| EBITDA | 13M | 30% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 9.07B | 1.3% |
| Total Liabilities | 2.93B | 2.3% |
| Total Equity | 6.13B | 3% |
| Shares Outstanding | 169M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 86M | 60.7% |
| Cash from investing | 156M | 180.4% |
| Cash from financing | -50M | 35.1% |
EPS
Financial Highlights for Okta in Q3 '24
Okta reported a revenue of 649M, which is a 5.5% 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 491M, marking a 4.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 501M, a -5.6% 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 510M, showing a -1.2% 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 29M, showing a 172.5% 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 13M, showing a 30% 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 Okta with growth in revenue, gross profit, and net income.
