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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 301M | 7.5% |
| Gross Profit | 479M | 4.8% |
| Cost of Revenue | -179M | 0.5% |
| Operating expense | 43M | 4.1% |
| Net Income | 37M | 18.4% |
| EBITDA | 49M | 14.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.6B | 4.8% |
| Total Liabilities | 2.8B | 3.3% |
| Total Equity | 798M | 10.2% |
| Shares Outstanding | 40M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 168M | 701.7% |
| Cash from investing | -130M | 365.5% |
| Cash from financing | 5.2M | 523100% |
EPS
Financial Highlights for Skyward Specialty Insurance in Q3 '24
Skyward Specialty Insurance reported a revenue of 301M, which is a 7.5% 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 479M, marking a 4.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was -179M, a -0.5% 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 43M, showing a 4.1% 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 37M, showing a 18.4% 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 49M, showing a 14.5% 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 Skyward Specialty Insurance with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
