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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 220M | 11.8% |
Gross Profit | 149M | 16.2% |
Cost of Revenue | 70M | 3.5% |
Operating expense | 109M | 16.8% |
Net Income | 74M | 33.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.54B | 1.4% |
Total Liabilities | 1.42B | 0.7% |
Total Equity | 1.12B | 4.2% |
Shares Outstanding | 65M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 80M | 16% |
Cash from investing | -610,000 | 33.5% |
Cash from financing | -40M | 64% |
EPS
Financial Highlights for Victory Capital in Q2 '24
Victory Capital reported a revenue of 220M, which is a 11.8% 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 149M, marking a 16.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 70M, a 3.5% 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 109M, showing a -16.8% 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 74M, showing a 33.3% 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 Victory Capital with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.