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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.04B | 11.8% |
| Gross Profit | 77M | 1.3% |
| Cost of Revenue | 963M | 12.8% |
| Operating expense | 154M | 0% |
| Net Income | -243M | 3371.4% |
| EBITDA | -15M | 157.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.39B | 87.1% |
| Total Liabilities | 1.74B | 41% |
| Total Equity | 1.65B | 185.3% |
| Shares Outstanding | 161M | 36.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -7M | 40% |
| Cash from investing | -1.03B | 9263.6% |
| Cash from financing | 1.09B | 6681.3% |
EPS
Financial Highlights for RXO in Q3 '24
RXO reported a revenue of 1.04B, which is a 11.8% 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 77M, marking a 1.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 963M, a 12.8% 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 154M, showing a 0% 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 -243M, showing a -3371.4% 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 -15M, showing a -157.7% 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.
RXO 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. A decline in EBITDA signals potential operational challenges or increased costs.
