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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 123M | 0.1% |
| Gross Profit | 123M | 0.1% |
| Operating expense | 3.6M | 1.3% |
| Net Income | 38M | 19.3% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 8.96B | 0.3% |
| Total Liabilities | 7.74B | 0.1% |
| Total Equity | 1.16B | 4.5% |
| Shares Outstanding | 25M | 0.1% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | 72M | 114% |
| Cash from financing | -13M | 107.4% |
EPS
Financial Highlights for 1st Source in Q1 '25
1st Source reported a revenue of 123M, which is a 0.1% 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 123M, marking a 0.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 3.6M, showing a 1.3% 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 38M, showing a 19.3% 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.
It was a positive quarter for 1st Source with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
