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| Company | Revenue | |
|---|---|---|
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WalmartWMT |
169B 4.8% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 79M | 5.2% |
| Gross Profit | 25M | 31.6% |
| Cost of Revenue | 54M | 3.8% |
| Operating expense | 33M | 5.9% |
| Net Income | -16M | 29.1% |
| EBITDA | -5.5M | 54.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 257M | 7.5% |
| Total Liabilities | 412M | 1.9% |
| Shares Outstanding | 3.7M | 2.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.2M | 52.2% |
| Cash from investing | -6.7M | 11.7% |
| Cash from financing | -900,000 | 50% |
EPS
Financial Highlights for Rent the Runway in Q3 '24
Rent the Runway reported a revenue of 79M, which is a 5.2% 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 25M, marking a 31.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 54M, a -3.8% 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 33M, showing a -5.9% 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 -16M, showing a 29.1% 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 -5.5M, showing a 54.9% 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 Rent the Runway with growth in revenue, gross profit, and net income.
