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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.59B | 121% |
| Gross Profit | 709M | 230.8% |
| Cost of Revenue | 879M | 74.4% |
| Operating expense | 1.16B | 47.1% |
| Net Income | 156M | 131.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.98B | 2.3% |
| Total Liabilities | 10.2B | 30.5% |
| Shares Outstanding | 431M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 420M | 9.3% |
| Cash from financing | -112M | 49% |
EPS
Financial Highlights for Viking Holdings in Q2 '24
Viking Holdings reported a revenue of 1.59B, which is a 121% 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 709M, marking a 230.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 879M, a 74.4% 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 1.16B, showing a 47.1% 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 156M, showing a 131.5% 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 Viking Holdings with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
