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Zovio Inc (ZVO)
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Zovio Inc Income Statement 2021-2008 | ZVO
Brief overview of profit and loss at Zovio Inc
The figures are compared over a five-year interval. Revenue at Zovio Inc moved from $524 million in 2016 to $263 million in 2021. Overall revenue changed by −49.8%, equal to an annualized rate of about −12.9%. The negative rate indicates weakening core operations.
EBITDA changed from −30.1 million dollars to −34.3 million dollars (−13.7%). Operating profitability strengthened faster than the scale of sales. The EBITDA share of revenue changed from −5.8% to −13%. The margin contraction indicates weaker operating efficiency.
Comparing the endpoints shows a move from −$33.1 million to −$42.3 million. Profitability deteriorated further over the five years.
Summary assessment
The financial trajectory is weak and requires a cautious interpretation. Caution is warranted because of pressure on operating profitability, a softer top-line trend and limited operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Zovio Inc
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
42.2 M | 151 M | 60.8 M | - | - | - | - | - | - | - | - | - | - | - |
Shares |
33.3 M | 32 M | 29.5 M | 27.1 M | 32.1 M | 46.2 M | 45.7 M | 45.2 M | 53.9 M | 52.9 M | 52.3 M | 53.7 M | 39.3 M | - |
Historical Prices |
1.27 | 4.74 | 2.06 | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-42.3 M | -49 M | -54.8 M | -13.4 M | 9.11 M | -33.1 M | -70.5 M | 9.67 M | 45.9 M | 121 M | 171 M | 128 M | 47.1 M | - |
Revenue |
263 M | 397 M | 418 M | 94.7 M | 475 M | 524 M | 562 M | 639 M | 769 M | 968 M | 933 M | - | - | - |
Cost of Revenue |
- | - | 210 M | 218 M | 235 M | 263 M | - | - | - | - | - | - | - | - |
Gross Profit |
- | 40.1 M | 208 M | 226 M | 241 M | 263 M | 280 M | 317 M | 373 M | 613 M | 674 M | - | - | - |
Operating Income |
-42.6 M | -61.9 M | -56.6 M | -13.6 M | 6.43 M | -43.2 M | -42.3 M | 14.3 M | 68.5 M | 192 M | 271 M | 216 M | 81.7 M | - |
Interest Expense |
3.1 M | -120 K | 1.02 M | 1.05 M | 1.51 M | 2.31 M | 2.11 M | 2.88 M | 3.08 M | 3.53 M | 2.87 M | 1.36 M | 510 K | - |
EBITDA |
-34.3 M | -50.5 M | -46.4 M | -6.81 M | 15.3 M | -30.2 M | -22.7 M | 37.6 M | 90.1 M | 209 M | 284 M | 225 M | 87.6 M | - |
Operating Expenses |
9.8 M | 13.2 M | 243 M | 222 M | 223 M | 251 M | 254 M | 303 M | 312 M | 410 M | 400 M | - | - | - |
General and Administrative Expenses |
43.2 M | 47.4 M | 56.8 M | 53 M | 47.4 M | 48.8 M | 56.6 M | 61.4 M | 76.1 M | 69.5 M | 57.8 M | 46.3 M | 107 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Zovio Inc
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | 34.2 M | 34.1 M | 33.6 M | 33.5 M | 33.4 M | 33.3 M | 32.8 M | 32.3 M | 32.6 M | 32.1 M | 30.3 M | 30.3 M | 30.3 M | 30.2 M | 27.2 M | 27.2 M | 27.1 M | 27.2 M | 27.2 M | 27.2 M | 29.1 M | 28.9 M | 42.1 M | 46 K | 46.3 M | 46.3 M | 45.9 M | 45.8 M | 45.8 M | 45.7 M | 45.4 M | 45.4 M | 45.3 M | 45.2 M | 44.9 M | 44.8 M | 54.3 M | 54.1 M | 54.1 M | 54.1 M | 53.2 M | 52.5 M | 52 M | 51.7 K | 51.8 M | 52.9 M | 53 M |
Net Income |
- | -3.46 M | -4.67 M | -7.44 M | - | -5.22 M | -4.03 M | -9.49 M | - | 1.12 M | 5.15 M | 2.02 M | -23 M | -7.56 M | -17.6 M | -6.64 M | -13.4 M | 1.66 M | 17.2 M | 2.3 M | -5.14 M | 39 K | 6.31 M | 9.87 M | -13.8 M | -9.48 M | 3.34 M | -10.1 M | -6.69 M | -62.7 M | -650 K | -371 K | -5.25 M | 6.29 M | 13 M | -4.33 M | -5.11 M | -5.11 M | -5.11 M | -5.11 M | 19.8 M | 31.4 M | 47.5 M | 33 M | 22.9 M | 43.8 M | 52.1 M | 53.9 M |
Revenue |
- | 22.5 M | 51.4 M | 61.6 M | - | 62.2 M | 69.2 M | 76.9 M | - | 102 M | 104 M | 97.9 M | 96.3 M | 104 M | 107 M | 110 M | 94.7 M | 113 M | 121 M | 118 M | 105 M | 118 M | 123 M | 128 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | 44.9 M | 44.9 M | 46.4 M | - | 51.4 M | 55.1 M | 51.9 M | 51.6 M | 55.1 M | 54 M | 56.6 M | 54.9 M | 57.8 M | 61.1 M | 62.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
- | -3.72 M | -841 K | -7.23 M | - | -5.09 M | -4.49 M | -9.34 M | - | 654 K | 5.28 M | -10.5 M | -21.2 M | -7.85 M | -20.3 M | -7.2 M | -13.6 M | 879 K | 11.6 M | 386 K | -5.95 M | -1.5 M | 6.18 M | 9.66 M | -18.5 M | -8.82 M | 3.36 M | -16.3 M | -6.1 M | -34.5 M | -512 K | -1.2 M | -10.8 M | 10.6 M | 22.4 M | -7.86 M | -9.87 M | -9.87 M | -9.87 M | -9.87 M | 31.2 M | 49.7 M | 75.5 M | 52.4 M | 35.3 M | 69.8 M | 82.5 M | 86.1 M |
Interest Expense |
- | 295 K | -3.82 M | -127 K | - | 3.1 M | 3.1 M | -73 K | - | 39 K | 161 K | -262 K | - | 144 K | 297 K | 599 K | - | 367 K | 282 K | 250 K | - | 381 K | 341 K | 443 K | - | 557 K | 652 K | 683 K | - | 465 K | 345 K | 689 K | - | 1.08 M | 712 K | 367 K | - | 786 K | 748 K | 837 K | 912 K | 955 K | 854 K | 683 K | - | 608 K | 657 K | 673 K |
EBITDA |
- | -3.17 M | 1.04 M | -5.2 M | - | -3.06 M | -2.51 M | -7.05 M | - | 9.4 M | 11.2 M | -7.52 M | -21.2 M | -678 K | -16.1 M | -5.7 M | -13.6 M | 6.08 M | 15.1 M | 2.14 M | -5.95 M | 5.32 M | 10.9 M | 12 M | -18.5 M | 1.24 M | 10.3 M | -12.6 M | -6.1 M | -19.1 M | 10.1 M | 4.14 M | -10.8 M | 28.5 M | 34.4 M | -1.83 M | -9.87 M | 5.99 M | 468 K | -5.04 M | 31.2 M | 62.5 M | 83.9 M | 56.4 M | 35.3 M | 78.5 M | 88.1 M | 88.8 M |
Operating Expenses |
- | - | - | - | - | - | - | 86.2 M | - | - | - | 108 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
- | 5.54 M | 7.84 M | 7.12 M | - | 9.01 M | 8.38 M | 15.9 M | - | 14.8 M | 14.5 M | 17.5 M | - | 17.4 M | 22.5 M | 15.9 M | - | 13.7 M | 12.5 M | 12.7 M | - | 11.4 M | 13.6 M | 12 M | - | 11.6 M | 11.6 M | 13.5 M | - | 13.3 M | 13.2 M | 16.3 M | - | 15.6 M | 16.7 M | 16.3 M | - | 15.2 M | 15.2 M | 15.2 M | 12.6 M | 36.4 M | 36.8 M | 49.5 M | - | 34.5 M | 33.1 M | 28.5 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Zovio Inc (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.