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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 193M | 23.7% |
| Gross Profit | 83M | 272% |
| Cost of Revenue | 110M | 17.7% |
| Operating expense | 28M | 9.7% |
| Net Income | 65M | 306.3% |
| EBITDA | 59M | 67.9% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 28.6B | 5.2% |
| Total Liabilities | 25.6B | 5.9% |
| Total Equity | 2.96B | 1.2% |
| Shares Outstanding | 81M | 0.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 63M | 62.7% |
| Cash from investing | 2.52B | 424% |
| Cash from financing | -1.59B | 452.2% |
EPS
Financial Highlights for Washington Federal in Q2 '24
Washington Federal reported a revenue of 193M, which is a 23.7% 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 83M, marking a 272% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 110M, a -17.7% 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 28M, showing a 9.7% 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 65M, showing a 306.3% 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.
The company's EBITDA for the quarter was 59M, showing a -67.9% 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.
It was a positive quarter for Washington Federal with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.