Q4 2023 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$954M+51.6% YoY

Gross Profit

$678M71.1% margin

Operating Income

$116M12.1% margin

Net Income

$273M28.7% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

+41.5%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$16M

Stock-Based Comp.

$164M

Balance Sheet

Total Assets

$14.8B

Total Liabilities

$8.5B

Stockholders' Equity

$6.3B

Cash & Equivalents

$5.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$954M	$629M	+51.6%
Gross Profit	$678M	$546M	+24.2%
Operating Income	$116M	-$555M	+120.8%
Net Income	$273M	-$557M	+149.1%

Revenue Segments

Subscription and Circulation, Stablecoin

$522M39%

Bank Servicing, Consumer, Net

$493M37%

Other Revenue

$131M10%

Subscription and Circulation, Blockchain Infrastructure Service

$95M7%

Subscription and Circulation, Other

$46M3%

Bank Servicing, Institutional

$37M3%

Subscription and Circulation, Custodial Fee

$20M1%

Geographic Segments

UNITED STATES

$797M84%

Rest of the World

$156M16%