Earnings Summary

Shift Technologies, Inc.’s revenue fell -78.88% since last year same period to $47.26Mn in the Q2 2023. On a quarterly growth basis, Shift Technologies, Inc. has generated -18.09% fall in its revenue since last 3-months.

Shift Technologies, Inc.’s net profit jumped 50.62% since last year same period to $-25.78Mn in the Q2 2023. On a quarterly growth basis, Shift Technologies, Inc. has generated 46.41% jump in its net profits since last 3-months.

Shift Technologies, Inc.’s net profit margin fell -133.78% since last year same period to -54.54% in the Q2 2023. On a quarterly growth basis, Shift Technologies, Inc. has generated 34.57% jump in its net profit margins since last 3-months.

Shift Technologies, Inc.’s earning per share (EPS) estimates for the current quarter stand at -0.33 - a 25% jump from last quarter’s estimates.

Shift Technologies, Inc.’s earning per share (EPS) estimates for the current year stand at -0.33.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Shift Technologies, Inc.’s return on assets (ROA) stands at -0.38.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Shift Technologies, Inc.’s return on equity (ROE) stands at -22.22.