Q3 2023 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$674M+14.2% YoY

Gross Profit

$411M61.0% margin

Operating Income

-$80M-11.8% margin

Net Income

-$2M-0.3% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-4.8%

Cash Flow

Operating Cash Flow

$314M

Free Cash Flow

$314M

Stock-Based Comp.

$218M

Balance Sheet

Total Assets

$127.3B

Total Liabilities

$121.4B

Stockholders' Equity

$5.9B

Cash & Equivalents

$5.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$674M	$590M	+14.2%
Gross Profit	$411M	$305M	+34.7%
Operating Income	-$80M	-$556M	+85.7%
Net Income	-$2M	-$545M	+99.6%

Revenue Segments

Bank Servicing, Consumer, Net

$275M43%

Subscription and Circulation, Stablecoin

$172M27%

Subscription and Circulation, Blockchain Infrastructure Service

$74M12%

Other Revenue

$51M8%

Subscription and Circulation, Other

$32M5%

Subscription and Circulation, Custodial Fee

$16M2%

Bank Servicing, Institutional

$14M2%

Geographic Segments

UNITED STATES

$604M90%

Rest of the World

$71M10%