Q2 2024 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$1.4B+104.8% YoY

Gross Profit

$1.1B73.8% margin

Operating Income

$343M23.7% margin

Net Income

$36M2.5% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

-11.5%

Cash Flow

Operating Cash Flow

$484M

Free Cash Flow

$484M

Stock-Based Comp.

$218M

Balance Sheet

Total Assets

$287.0B

Total Liabilities

$278.6B

Stockholders' Equity

$8.4B

Cash & Equivalents

$7.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$708M	+104.8%
Gross Profit	$1.1B	$438M	+144.5%
Operating Income	$343M	-$74M	+566.3%
Net Income	$36M	-$97M	+137.1%

Revenue Segments

Bank Servicing, Consumer, Net

$665M48%

Subscription and Circulation, Stablecoin

$240M17%

Subscription and Circulation, Blockchain Infrastructure Service

$185M13%

Other Revenue

$70M5%

Subscription and Circulation, Other

$70M5%

Bank Servicing, Institutional

$64M5%

Bank Servicing, Other

$53M4%

Subscription and Circulation, Custodial Fee

$35M2%

Geographic Segments

UNITED STATES

$1.2B85%

Rest of the World

$217M15%