GMED Q2 2024 Earnings — Globus Medical, Inc. Revenue & Financial Results | Market Cap Arena

GMEDGlobus Medical, Inc.

$12B

Q2 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$630M+115.9% YoY

Gross Profit

$370M58.7% margin

Operating Income

$50M7.9% margin

Net Income

$32M5.0% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$26M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$1.0B

Stockholders' Equity

$4.0B

Cash & Equivalents

$410M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$630M	$292M	+115.9%
Gross Profit	$370M	$215M	+71.8%
Operating Income	$50M	$66M	-25.1%
Net Income	$32M	$58M	-45.0%

Revenue Segments

Spine

$593M94%

Emerging Technology

$37M6%

Geographic Segments

UNITED STATES

$499M79%

Non Us

$130M21%