INN Q3 2022 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q3 2022 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$178M+61.0% YoY

Gross Profit

$61M34.3% margin

Operating Income

$17M9.7% margin

Net Income

$4M2.3% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$49M

Free Cash Flow

$25M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$1.6B

Stockholders' Equity

$976M

Cash & Equivalents

$73M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$178M	$111M	+61.0%
Gross Profit	$61M	$39M	+57.7%
Operating Income	$17M	$5M	+243.0%
Net Income	$4M	-$5M	+191.2%

Revenue Segments

Occupancy

$160M90%

Hotel, Other

$9M5%

Food and Beverage

$9M5%