BHIL · Benson Hill, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.10M | $33.77M | $21.13M | - | $113.07M | $109.04M | $134.64M | - | $130.18M | $110.75M |
| Cost of Revenue | $34.55M | $34.60M | $15.89M | - | $108.93M | $106.07M | $125.12M | - | $125.81M | $39.72M |
| Gross Profit | ($457.0K) | ($824.0K) | $5.24M | - | $4.14M | $2.97M | $9.52M | - | $4.37M | $5.58M |
| R&D | $7.01M | $7.46M | $6.94M | - | $10.53M | $10.31M | $12.64M | - | $11.43M | $8.82M |
| SG&A | $12.29M | $10.15M | $14.83M | - | $17.87M | $10.85M | $16.17M | - | $21.04M | $15.76M |
| Total Operating Expenses | - | - | $21.77M | - | $28.40M | $40.39M | $28.81M | - | $32.48M | $34.51M |
| D&A | - | - | $4.23M | - | - | - | $5.26M | - | $3.03M | $5.54M |
| Operating Income | ($21.90M) | ($17.98M) | ($16.53M) | - | ($24.26M) | ($37.42M) | ($19.29M) | - | ($28.11M) | ($24.61M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | $6.0K | $0 | - | $6.0K | ($138.0K) | $15.0K | - | $13.0K | $56.0K |
| Net Income | ($22.94M) | ($19.70M) | ($21.28M) | - | ($17.57M) | ($56.84M) | ($3.05M) | - | ($30.17M) | ($27.55M) |
| EPS - Basic | ($4.14) | ($3.58) | ($0.11) | - | ($0.09) | ($0.30) | ($0.02) | - | ($0.16) | ($0.25) |
| EPS - Diluted | ($4.14) | ($3.58) | ($0.11) | - | ($0.09) | ($0.30) | ($0.02) | - | ($0.16) | ($0.15) |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.99M | $9.27M | $6.65M | $15.83M | $12.04M | $13.88M | $20.40M | $25.05M | $29.98M | $46.77M |
| Accounts Receivable | $8.33M | $9.64M | $5.83M | $33.22M | $37.55M | $36.46M | $28.99M | $28.59M | $38.21M | $36.75M |
| Inventory | $10.34M | $16.83M | $14.97M | $25.50M | $30.42M | $42.67M | $54.55M | $62.11M | $42.58M | $47.77M |
| Accounts Payable | $5.33M | $11.15M | $7.11M | $17.13M | $14.13M | $20.61M | $19.79M | $36.72M | $26.45M | $21.83M |
| Current Assets | $48.16M | $77.16M | $85.73M | $118.92M | $168.41M | $206.69M | $247.13M | $300.73M | $285.49M | $308.97M |
| Total Assets | $137.54M | $171.31M | $185.29M | $274.76M | $352.52M | $392.30M | $448.91M | $500.92M | $531.28M | $555.27M |
| Current Liabilities | $21.77M | $32.42M | $35.10M | $101.92M | $74.62M | $54.14M | $59.22M | $92.52M | $62.89M | $78.82M |
| Long-term Debt | $13.84M | $14.24M | $4.87M | $5.25M | $73.60M | $105.19M | $103.45M | $103.99M | $106.51M | $83.46M |
| Total Liabilities | $110.70M | $122.56M | $118.04M | $188.72M | $232.04M | $255.70M | $254.28M | $307.02M | $289.18M | $286.30M |
| Stockholders' Equity | $26.84M | $48.75M | $67.25M | $86.04M | $120.47M | $136.60M | $194.64M | $193.90M | $242.10M | $268.98M |
| Retained Earnings | ($587.71M) | ($564.77M) | ($545.07M) | ($523.79M) | ($485.94M) | ($468.37M) | ($411.53M) | ($408.47M) | ($354.87M) | ($324.70M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($15.04M) | - | - | - | ($37.69M) | - | - | - |
| Investing Cash Flow | - | - | $66.42M | - | - | - | $38.99M | - | - | - |
| Financing Cash Flow | - | - | ($60.76M) | - | - | - | ($3.52M) | - | - | - |
| CapEx | - | - | $409.0K | - | - | - | $2.68M | - | - | - |
| Free Cash Flow | - | - | ($15.45M) | - | - | - | ($40.37M) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -1.3% | -2.4% | 24.8% | - | 3.7% | 2.7% | 7.1% | - | 3.4% | 5.0% |
| Operating margin | -64.2% | -53.2% | -78.2% | - | -21.5% | -34.3% | -14.3% | - | -21.6% | -22.2% |
| EBITDA margin | - | - | -58.2% | - | - | - | -10.4% | - | -19.3% | -17.2% |
| Net margin | -67.3% | -58.3% | -100.7% | - | -15.5% | -52.1% | -2.3% | - | -23.2% | -24.9% |
| Free cash flow margin | - | - | -73.1% | - | - | - | -30.0% | - | - | - |
| FCF / Net income | - | - | 0.73 | - | - | - | 13.22 | - | - | - |
| R&D / Revenue | 20.5% | 22.1% | 32.8% | - | 9.3% | 9.5% | 9.4% | - | 8.8% | 8.0% |
| SG&A / Revenue | 36.0% | 30.1% | 70.2% | - | 15.8% | 10.0% | 12.0% | - | 16.2% | 14.2% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -16.7% | -11.5% | -11.5% | - | -5.0% | -14.5% | -0.7% | - | -5.7% | -5.0% |
| Return on equity | -85.5% | -40.4% | -31.6% | - | -14.6% | -41.6% | -1.6% | - | -12.5% | -10.2% |
| Return on invested capital | -42.5% | -22.5% | -18.1% | - | -9.9% | -12.2% | -5.1% | - | -6.4% | -5.5% |
| Liquidity | ||||||||||
| Current ratio | 2.21 | 2.38 | 2.44 | 1.17 | 2.26 | 3.82 | 4.17 | 3.25 | 4.54 | 3.92 |
| Quick ratio | 1.74 | 1.86 | 2.02 | 0.92 | 1.85 | 3.03 | 3.25 | 2.58 | 3.86 | 3.31 |
| Cash ratio | 0.32 | 0.29 | 0.19 | 0.16 | 0.16 | 0.26 | 0.34 | 0.27 | 0.48 | 0.59 |
| Leverage | ||||||||||
| Debt / Equity | 0.52 | 0.29 | 0.07 | 0.06 | 0.61 | 0.77 | 0.53 | 0.54 | 0.44 | 0.31 |
| Debt / Assets | 0.10 | 0.08 | 0.03 | 0.02 | 0.21 | 0.27 | 0.23 | 0.21 | 0.20 | 0.15 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 5.12 | 3.51 | 2.76 | 3.19 | 2.93 | 2.87 | 2.31 | 2.58 | 2.19 | 2.06 |
| Liabilities / Assets | 0.80 | 0.72 | 0.64 | 0.69 | 0.66 | 0.65 | 0.57 | 0.61 | 0.54 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | 0.20 | 0.11 | - | 0.32 | 0.28 | 0.30 | - | 0.25 | 0.20 |
| Inventory turnover | 3.34 | 2.06 | 1.06 | - | 3.58 | 2.49 | 2.29 | - | 2.96 | 0.83 |
| Days sales outstanding | 89d | 104d | 101d | - | 121d | 122d | 79d | - | 107d | 121d |
| Days inventory outstanding | 109d | 178d | 344d | - | 102d | 147d | 159d | - | 124d | 439d |
| Days payable outstanding | 56d | 118d | 163d | - | 47d | 71d | 58d | - | 77d | 201d |
| Cash conversion cycle | 142d | 164d | 281d | - | 176d | 198d | 180d | - | 154d | 359d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -69.8% | -69.0% | -84.3% | - | -13.1% | -1.5% | 45.6% | - | 306.8% | - |
| Revenue CAGR (3y) | 2.1% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -45.0% | - | -5.2% | -46.8% | - | - | 234.1% | - |
| Operating income growth (YoY) | 9.7% | 52.0% | 14.3% | - | 13.7% | -52.1% | 5.0% | - | -92.2% | -586.2% |
| Net income growth (YoY) | -30.5% | 65.3% | -596.9% | - | 41.8% | -106.3% | 81.6% | - | 12.0% | -668.3% |
| EPS growth (YoY) | -4500.0% | -1093.3% | -450.0% | - | 43.8% | -100.0% | 80.0% | - | 15.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 61.7% | - | - | - | 28.6% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -77.7% | -64.3% | -65.5% | -55.6% | -50.2% | -49.2% | -33.7% | -22.9% | 368.3% | 5279.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$473.34M totalNon Proprietary Transaction$363.35M · 76.8%
Proprietary Transactions$109.98M · 23.2%
Peer comparison
Same SIC group: Food and Kindred Products
Comparing Benson Hill against the 5 most active filers in the same SIC group.