INN Q1 2023 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$182M+28.6% YoY

Gross Profit

$63M34.5% margin

Operating Income

$18M10.0% margin

Net Income

-$601,000-0.3% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$946M

Cash & Equivalents

$61M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$182M	$142M	+28.6%
Gross Profit	$63M	$46M	+36.3%
Operating Income	$18M	$724,000	+2414.1%
Net Income	-$601,000	-$8M	+92.3%

Revenue Segments

Occupancy

$163M89%

Food and Beverage

$11M6%

Hotel, Other

$9M5%