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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 519M | 1.4% |
Gross Profit | 170M | 3.8% |
Cost of Revenue | 349M | 0.3% |
Operating expense | 382M | 1% |
Net Income | 139M | 5.9% |
EBITDA | 145M | 20.6% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.53B | 1.5% |
Total Liabilities | 282M | 9% |
Total Equity | 2.25B | 0.5% |
Shares Outstanding | 130M | 1.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 115M | 2.2% |
Cash from investing | -23M | 37.7% |
Cash from financing | -168M | 169.5% |
EPS
Financial Highlights for SEI Investments in Q2 '24
SEI Investments reported a revenue of 519M, which is a 1.4% 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 170M, marking a 3.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 349M, a 0.3% 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 382M, showing a -1% 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 139M, showing a 5.9% 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 145M, showing a -20.6% 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 SEI Investments with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.