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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 549M | 28.5% |
Gross Profit | 387M | 9.3% |
Cost of Revenue | 162M | 20% |
Operating expense | 1.2M | 99.2% |
Net Income | 290M | 72.1% |
EBITDA | 665M | 30.2% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 28.3B | 3.1% |
Total Liabilities | 26.2B | 4.1% |
Total Equity | 2.11B | 12.4% |
Shares Outstanding | 220M | 1.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | -77M | 182.6% |
Cash from investing | 572M | 38% |
Cash from financing | -1.06B | 232.9% |
EPS
Financial Highlights for Sallie Mae in Q1 '24
Sallie Mae reported a revenue of 549M, which is a 28.5% 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 387M, marking a -9.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 162M, a -20% 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 1.2M, showing a -99.2% 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 290M, showing a 72.1% 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 665M, showing a 30.2% 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.
Sallie Mae faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.