Arco Platform Ltd
NASDAQ:ARCE
Income Statement
Earnings Waterfall
Arco Platform Ltd
Revenue
|
1.9B
BRL
|
Cost of Revenue
|
-645.5m
BRL
|
Gross Profit
|
1.3B
BRL
|
Operating Expenses
|
-1B
BRL
|
Operating Income
|
269.7m
BRL
|
Other Expenses
|
-303m
BRL
|
Net Income
|
-33.3m
BRL
|
Income Statement
Arco Platform Ltd
Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||
Revenue |
244
N/A
|
275
+13%
|
303
+10%
|
330
+9%
|
381
+16%
|
384
+1%
|
441
+15%
|
446
+1%
|
573
+28%
|
717
+25%
|
815
+14%
|
953
+17%
|
1 002
+5%
|
1 072
+7%
|
1 093
+2%
|
1 068
-2%
|
1 232
+15%
|
1 330
+8%
|
1 486
+12%
|
1 557
+5%
|
1 775
+14%
|
1 880
+6%
|
1 939
+3%
|
|
Gross Profit | ||||||||||||||||||||||||
Cost of Revenue |
(59)
|
(64)
|
(67)
|
(75)
|
(81)
|
(77)
|
(86)
|
(86)
|
(117)
|
(163)
|
(180)
|
(210)
|
(221)
|
(241)
|
(266)
|
(266)
|
(294)
|
(324)
|
(389)
|
(407)
|
(501)
|
(600)
|
(646)
|
|
Gross Profit |
186
N/A
|
211
+13%
|
237
+12%
|
255
+8%
|
300
+18%
|
308
+2%
|
355
+15%
|
360
+2%
|
456
+26%
|
555
+22%
|
635
+14%
|
743
+17%
|
781
+5%
|
831
+6%
|
827
0%
|
801
-3%
|
938
+17%
|
1 007
+7%
|
1 098
+9%
|
1 150
+5%
|
1 275
+11%
|
1 281
+0%
|
1 294
+1%
|
|
Operating Income | ||||||||||||||||||||||||
Operating Expenses |
(111)
|
(126)
|
(140)
|
(218)
|
(238)
|
(257)
|
(299)
|
(312)
|
(397)
|
(498)
|
(561)
|
(611)
|
(645)
|
(683)
|
(715)
|
(772)
|
(808)
|
(849)
|
(922)
|
(938)
|
(979)
|
(945)
|
(1 024)
|
|
Selling, General & Administrative |
(101)
|
(127)
|
(141)
|
(216)
|
(228)
|
(246)
|
(287)
|
(295)
|
(356)
|
(436)
|
(482)
|
(518)
|
(544)
|
(573)
|
(594)
|
(636)
|
(678)
|
(727)
|
(791)
|
(800)
|
(830)
|
(931)
|
(1 004)
|
|
Depreciation & Amortization |
(11)
|
0
|
(3)
|
(7)
|
(14)
|
(15)
|
(17)
|
(19)
|
(33)
|
(50)
|
(67)
|
(84)
|
(92)
|
(103)
|
(114)
|
(126)
|
(139)
|
(147)
|
(155)
|
(160)
|
(163)
|
(166)
|
(167)
|
|
Other Operating Expenses |
1
|
1
|
4
|
6
|
4
|
4
|
5
|
2
|
(8)
|
(12)
|
(12)
|
(10)
|
(8)
|
(8)
|
(7)
|
(10)
|
9
|
25
|
24
|
22
|
14
|
152
|
147
|
|
Operating Income |
75
N/A
|
85
+13%
|
96
+13%
|
37
-61%
|
62
+66%
|
50
-19%
|
56
+11%
|
48
-13%
|
59
+22%
|
57
-3%
|
74
+30%
|
132
+79%
|
136
+3%
|
148
+9%
|
112
-24%
|
30
-74%
|
130
+340%
|
158
+21%
|
176
+11%
|
212
+21%
|
296
+40%
|
336
+14%
|
270
-20%
|
|
Pre-Tax Income | ||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(4)
|
(3)
|
1
|
(28)
|
(27)
|
(22)
|
(25)
|
3
|
(103)
|
(123)
|
(139)
|
(66)
|
(149)
|
(166)
|
(182)
|
(205)
|
(142)
|
(181)
|
(202)
|
(218)
|
(292)
|
(272)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
(6)
|
(6)
|
(7)
|
(135)
|
(136)
|
(139)
|
(224)
|
(103)
|
(27)
|
(29)
|
41
|
(30)
|
53
|
55
|
(3)
|
(98)
|
(103)
|
(67)
|
6
|
(10)
|
(24)
|
(76)
|
|
Pre-Tax Income |
66
N/A
|
75
+14%
|
88
+16%
|
31
-64%
|
(101)
N/A
|
(113)
-11%
|
(106)
+6%
|
(201)
-90%
|
(43)
+79%
|
(74)
-73%
|
(79)
-7%
|
33
N/A
|
39
+18%
|
51
+30%
|
2
-97%
|
(156)
N/A
|
(174)
-11%
|
(87)
+50%
|
(72)
+17%
|
16
N/A
|
68
+327%
|
20
-71%
|
(78)
N/A
|
|
Net Income | ||||||||||||||||||||||||
Tax Provision |
(23)
|
(23)
|
(26)
|
(29)
|
18
|
20
|
25
|
72
|
33
|
37
|
33
|
2
|
(22)
|
(26)
|
(13)
|
28
|
16
|
20
|
12
|
(5)
|
(28)
|
8
|
45
|
|
Income from Continuing Operations |
44
|
53
|
62
|
2
|
(83)
|
(93)
|
(81)
|
(129)
|
(9)
|
(37)
|
(46)
|
35
|
17
|
25
|
(12)
|
(128)
|
(158)
|
(67)
|
(61)
|
11
|
40
|
27
|
(33)
|
|
Income to Minority Interest |
1
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
44
N/A
|
53
+20%
|
62
+17%
|
2
-96%
|
(82)
N/A
|
(92)
-12%
|
(81)
+13%
|
(129)
-60%
|
(9)
+93%
|
(37)
-288%
|
(46)
-26%
|
35
N/A
|
17
-52%
|
25
+47%
|
(12)
N/A
|
(128)
-1 014%
|
(158)
-23%
|
(67)
+57%
|
(61)
+10%
|
11
N/A
|
40
+256%
|
27
-31%
|
(33)
N/A
|
|
EPS (Diluted) |
0.91
N/A
|
1.08
+19%
|
1.27
+18%
|
0.04
-97%
|
-1.64
N/A
|
-1.83
-12%
|
-1.58
+14%
|
-2.52
-59%
|
-0.18
+93%
|
-0.66
-267%
|
-0.83
-26%
|
0.63
N/A
|
0.3
-52%
|
0.44
+47%
|
-0.21
N/A
|
-2.25
-971%
|
-3.18
-41%
|
-1.19
+63%
|
-1.08
+9%
|
0.19
N/A
|
0.71
+274%
|
0.41
-42%
|
-0.5
N/A
|