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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 537M | 3.5% |
| Gross Profit | 182M | 7% |
| Cost of Revenue | 356M | 1.9% |
| Operating expense | 394M | 2.9% |
| Net Income | 155M | 11.3% |
| EBITDA | 152M | 5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.68B | 6.1% |
| Total Liabilities | 330M | 17.2% |
| Total Equity | 2.35B | 4.8% |
| Shares Outstanding | 129M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 200M | 74.4% |
| Cash from investing | 3.9M | 116.6% |
| Cash from financing | -81M | 51.8% |
EPS
Financial Highlights for SEI Investments in Q3 '24
SEI Investments reported a revenue of 537M, which is a 3.5% 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 182M, marking a 7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 356M, a 1.9% 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 394M, showing a 2.9% 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 155M, showing a 11.3% 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 152M, showing a 5% 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 SEI Investments with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
