Q1 2024 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$1.6B+112.0% YoY

Gross Profit

$1.2B75.0% margin

Operating Income

$760M46.4% margin

Net Income

$1.2B71.8% margin

EPS (Diluted)

$4.40

QoQ Revenue Growth

+71.7%

Cash Flow

Operating Cash Flow

$411M

Free Cash Flow

$411M

Stock-Based Comp.

$225M

Balance Sheet

Total Assets

$348.0B

Total Liabilities

$340.0B

Stockholders' Equity

$8.1B

Cash & Equivalents

$6.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$773M	+112.0%
Gross Profit	$1.2B	$518M	+137.2%
Operating Income	$760M	-$124M	+713.9%
Net Income	$1.2B	-$79M	+1590.9%

Revenue Segments

Bank Servicing, Consumer, Net

$935M60%

Subscription and Circulation, Stablecoin

$197M13%

Subscription and Circulation, Blockchain Infrastructure Service

$151M10%

Bank Servicing, Institutional

$85M5%

Subscription and Circulation, Other

$64M4%

Bank Servicing, Other

$56M4%

Other Revenue

$50M3%

Subscription and Circulation, Custodial Fee

$32M2%

Geographic Segments

UNITED STATES

$1.4B83%

Rest of the World

$284M17%