Similar companies
Income Statement (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Revenue | 22.5B | 2.4% |
| Gross Profit | 3.55B | 48.4% |
| Cost of Revenue | 19B | 25.5% |
| Operating expense | 224M | 92.3% |
| Net Income | 2.62B | 17.6% |
| EBITDA | 3.47B | 15.9% |
Balance Sheet (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Total Assets | 122B | 5.2% |
| Total Liabilities | 86.1B | 3.9% |
| Total Equity | 35.4B | 8.7% |
| Shares Outstanding | 588M | 0.1% |
Cash Flow (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Cash from operations | 5.2B | 28.6% |
| Cash from investing | -5.05B | 24.9% |
| Cash from financing | -98M | 36.1% |
EPS
Financial Highlights for Progressive in Q3 '25
Progressive reported a revenue of 22.5B, which is a 2.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.55B, marking a -48.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 19B, a 25.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 224M, showing a -92.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.62B, showing a -17.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.47B, showing a -15.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Progressive faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
