Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial data reveals several trends and patterns in the company’s quarterly performance over the examined periods.
- Revenue Trends
- Overall revenue, comprised of product and service revenues, shows a generally increasing trend from 2020 through 2025. Product revenue exhibits some volatility, with noticeable dips and recoveries, but the general trajectory is upward, peaking significantly in late 2024 and early 2025. Service revenue grows steadily over time, contributing to gradual overall revenue growth.
- Cost of Revenue and Gross Profit
- Cost of revenue increases consistently, reflecting higher production and service delivery costs. Product-related costs dominate this increase, growing in magnitude alongside product revenue. Despite rising costs, gross profit shows an upward trend, indicating continued operational leverage and effective cost management relative to sales growth.
- Operating Expenses
- Operating expenses, including selling, general and administrative (SG&A) expenses and research and development (R&D), have risen steadily. SG&A costs fluctuate but trend upwards, with some quarters showing sharp increases, suggesting higher investment in marketing or administrative functions. R&D expenses also demonstrate a gradual increase, underlining ongoing commitment to innovation and product development.
- Operational Income and Profitability
- Income from operations generally rises, albeit with some fluctuations correlating to revenue and expense changes. The growth in operating income reflects the company’s ability to grow sales faster than the increase in operating expenses. This operational profitability strengthens over time, with the highest figures appearing in the latest quarters.
- Net Income and Tax Impact
- Net income attributable to the company exhibits an upward trajectory overall, despite volatility in some quarters. Notably, net income spikes in a few periods, reflecting possibly non-recurring items or improved operational efficiency. Income tax expense fluctuates significantly, sometimes showing benefits, which impacts net income variability. The tax swings suggest complex tax planning and variability in tax liabilities.
- Other Income and Expenses
- Interest and other income contribute positively but with variable impact quarter to quarter. This component shows modest growth and occasionally large increases, which slightly enhance income before taxes.
- Summary of Financial Health
- The data indicates sustained revenue growth supported by rising product and service sales. Cost increases are managed such that profitability improves steadily. The company's investment in SG&A and R&D suggest a focus on growth and innovation. Fluctuations in tax expense introduce variability in net income but do not overshadow the overall positive performance trend. The financial trends imply a strengthening operational position with growing profitability over the analyzed period.