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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 226M | 2.9% |
| Gross Profit | 153M | 2.7% |
| Cost of Revenue | 72M | 3.1% |
| Operating expense | 105M | 3.4% |
| Net Income | 82M | 10.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.61B | 2.8% |
| Total Liabilities | 1.44B | 1.3% |
| Total Equity | 1.17B | 4.6% |
| Shares Outstanding | 65M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 100M | 25.2% |
| Cash from investing | -68,000 | 88.8% |
| Cash from financing | -31M | 23.6% |
EPS
Financial Highlights for Victory Capital in Q3 '24
Victory Capital reported a revenue of 226M, which is a 2.9% 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 153M, marking a 2.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 72M, a 3.1% 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 105M, showing a -3.4% 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 82M, showing a 10.4% 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.
It was a positive quarter for Victory Capital with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
