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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 70M | 1.4% |
Gross Profit | 59M | 1.3% |
Cost of Revenue | 10M | 2% |
Operating expense | 66M | 0.9% |
Net Income | -20M | 219.5% |
EBITDA | -5.2M | 19.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 477M | 1.7% |
Total Liabilities | 202M | 6.3% |
Total Equity | 262M | 2.2% |
Shares Outstanding | 93M | 1.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 12M | 31.6% |
Cash from financing | 4M | 210.2% |
EPS
Financial Highlights for WalkMe in Q2 '24
WalkMe reported a revenue of 70M, which is a 1.4% 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 59M, marking a 1.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10M, a 2% 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 66M, showing a -0.9% 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 -20M, showing a -219.5% 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.
The company's EBITDA for the quarter was -5.2M, showing a 19.5% 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.
WalkMe faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.