Financial Snapshot

Revenue
$328.8M
TTM
Gross Margin
4.03%
TTM
Net Earnings
-$136.7M
TTM
Current Assets
Q2 2023
Current Liabilities
Q2 2023
Current Ratio
132.51%
Q2 2023
Total Assets
Q2 2023
Total Liabilities
Q2 2023
Book Value
-$130.8M
Q2 2023
Cash
Q2 2023
P/E
-0.00001244
Sep 17, 2024 EST
Free Cash Flow
-$79.01M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2022 2021 2020 2019 2018 2017
Revenue $670.8M $636.9M $195.7M $166.2M $131.8M $94.50M
YoY Change 5.32% 225.4% 17.74% 26.13% 39.47%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2022 2021 2020 2019 2018 2017
Revenue $670.8M $636.9M $195.7M $166.2M $131.8M $94.50M
Cost Of Revenue $645.4M $588.1M $183.5M $168.0M $126.4M $90.00M
Gross Profit $25.33M $48.79M $12.18M -$1.762M $5.400M $4.500M
Gross Profit Margin 3.78% 7.66% 6.22% -1.06% 4.1% 4.76%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2022 2021 2020 2019 2018 2017
Selling, General & Admin $214.0M $220.1M $83.90M $71.86M $44.70M $28.60M
YoY Change -2.75% 162.29% 16.75% 60.76% 56.29%
% of Gross Profit 844.78% 451.04% 688.74% 827.78% 635.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.79M $6.253M $4.536M $3.221M $2.530M $1.570M
YoY Change 88.5% 37.85% 40.83% 27.31% 61.15%
% of Gross Profit 46.53% 12.82% 37.24% 46.85% 34.89%
Operating Expenses $262.8M $225.6M $88.43M $75.08M $47.30M $30.10M
YoY Change 16.46% 155.16% 17.78% 58.73% 57.14%
Operating Profit -$237.5M -$176.9M -$76.25M -$76.84M -$41.90M -$25.60M
YoY Change 34.26% 131.94% -0.77% 83.4% 63.67%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2022 2021 2020 2019 2018 2017
Interest Expense $65.74M $10.81M $17.10M -$3.600M -$3.000M $0.00
YoY Change 508.04% -36.78% -575.0% 20.0%
% of Operating Profit
Other Income/Expense, Net -$10.95M -$8.082M -$7.646M -$3.784M
YoY Change 35.49% 5.7% 102.06%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2022 2021 2020 2019 2018 2017
Pretax Income -$171.7M -$166.0M -$59.10M -$80.50M -$44.90M -$25.60M
YoY Change 3.43% 180.88% -26.58% 79.29% 75.39%
Income Tax $326.0K $226.0K $0.00 $0.00
% Of Pretax Income
Net Earnings -$172.0M -$166.3M -$59.15M -$80.50M -$44.90M -$25.60M
YoY Change 3.47% 181.11% -26.53% 79.29% 75.39%
Net Earnings / Revenue -25.65% -26.11% -30.22% -48.43% -34.07% -27.09%
Basic Earnings Per Share -$19.92 -$2.13 -$3.12
Diluted Earnings Per Share -$19.92 -$2.13 -$3.12 -$980.5K -$546.9K -$311.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $97.42M $182.6M $233.9M $43.00M $71.40M
YoY Change -46.65% -21.93% 443.95% -39.78%
Cash & Equivalents $96.16M $182.6M $233.9M $43.00M $71.40M
Short-Term Investments $1.264M
Other Short-Term Assets $35.52M $7.392M $5.500M $1.900M $1.700M
YoY Change 380.45% 34.4% 189.47% 11.76%
Inventory $40.93M $122.7M $49.10M $18.20M $43.10M
Prepaid Expenses
Receivables $4.558M $20.08M $8.400M $1.800M $4.100M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $178.4M $332.8M $296.9M $64.90M $120.2M
YoY Change -46.39% 12.1% 357.47% -46.01%
Property, Plant & Equipment $51.52M $7.940M $2.100M $2.100M $900.0K
YoY Change 548.83% 278.1% 0.0% 133.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $707.0K
YoY Change
Other Assets $4.646M $15.70M $6.500M $10.10M $14.40M
YoY Change -70.41% 141.58% -35.64% -29.86%
Total Long-Term Assets $69.60M $32.91M $15.20M $17.90M $18.50M
YoY Change 111.51% 116.48% -15.08% -3.24%
Total Assets $248.0M $365.7M $312.1M $82.80M $138.7M
YoY Change
Accounts Payable $12.09M $15.18M $10.70M $2.000M $5.200M
YoY Change -20.36% 41.82% 435.0% -61.54%
Accrued Expenses $58.17M $43.80M $21.80M $5.700M $5.800M
YoY Change 32.8% 100.93% 282.46% -1.72%
Deferred Revenue
YoY Change
Short-Term Debt $24.83M $83.25M $13.90M $16.20M $27.40M
YoY Change -70.17% 498.94% -14.2% -40.88%
Long-Term Debt Due $271.0K
YoY Change
Total Short-Term Liabilities $95.36M $142.4M $46.80M $24.20M $38.60M
YoY Change -33.02% 204.21% 93.39% -37.31%
Long-Term Debt $167.4M $144.3M $0.00 $8.500M $0.00
YoY Change 15.95% -100.0%
Other Long-Term Liabilities $45.10M $3.762M $28.10M $6.800M $8.900M
YoY Change 1098.72% -86.61% 313.24% -23.6%
Total Long-Term Liabilities $212.4M $148.1M $28.10M $15.30M $8.900M
YoY Change 43.45% 427.04% 83.66% 71.91%
Total Liabilities $307.8M $290.5M $74.90M $39.40M $47.50M
YoY Change 5.97% 287.81% 90.1% -17.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 8.638M shares 78.11M shares 18.93M shares
Diluted Shares Outstanding 8.638M shares 78.11M shares 18.93M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $1.7 Thousand

About Shift Technologies Inc

Shift Technologies, Inc. provides online automobile purchasing services. The company is headquartered in San Francisco, California and currently employs 970 full-time employees. The company went IPO on 2019-03-22. The Company’s segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Company’s e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, such as vehicle service contracts, asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). Its technology platform provides a seamless consumer experience for buying a car from the search and discover experience on the website to a seamless digitally driven purchase transaction, including financing and vehicle protection products.

Industry: Retail-Auto Dealers & Gasoline Stations Peers: CarLotz, Inc. AMERICAS CARMART INC Lazydays Holdings Inc Vroom Inc Giant Motorsports Inc LMP Automotive Holdings, Inc. O'Reilly Automotive Inc Volta Inc.