BM Technologies (BM Technologies) COGS-to-Revenue : 0.44 (As of Dec. 2023)

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What is BM Technologies COGS-to-Revenue?

BM Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.24 Mil. Its Revenue for the three months ended in Dec. 2023 was $14.04 Mil.

BM Technologies's COGS to Revenue for the three months ended in Dec. 2023 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. BM Technologies's Gross Margin % for the three months ended in Dec. 2023 was 55.55%.

BM Technologies COGS-to-Revenue Historical Data

The historical data trend for BM Technologies's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BM Technologies COGS-to-Revenue Chart

BM Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.46

0.33

0.36

0.52

BM Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial												0.48	0.53	0.51	0.57	0.44

BM Technologies COGS-to-Revenue Calculation

BM Technologies's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28.686	/	55.252
	=	0.52

BM Technologies's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.241	/	14.04
	=	0.44

BM Technologies (AMEX:BMTX) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

BM Technologies's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	6.241 / 14.04
	=	55.55 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

BM Technologies COGS-to-Revenue Related Terms

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BM Technologies (BM Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BM Technologies Inc (AMEX:BMTX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 King of Prussia Road, Suite 350, Wayne, PA, USA, 19087

Website

https://www.bankmobile.com/

BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. It facilitates deposits and banking services between a customer and its Partner Bank, Customers Bank, which is a related party and is a Federal Deposit Insurance Corporation (FDIC) insured bank. Tje company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spend, transactions, etc.) and may be paid or passed through by Customers Bank, universities, or paid directly by customers.

Executives

Michael Richard Pavone	director	201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Rajinder Singh	director	C/O BM TECHNOLOGIES, INC., 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Warren Taylor	officer: Executive Vice President	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
John J Dolan	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
James Francis Dullinger	officer: Chief Accounting Officer	C/O IOTA COMMUNICATIONS, INC., 645 HAMILTON STREET, SUITE 400, ALLENTOWN PA 18101
James M. Donahue	officer: Chief Technology Officer	201 KING OF PRUSSIA ROAD, SUITE 350, C/O BM TECHNOLOGIES, INC., WAYNE PA 19087
Aaron Hodari	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Andrew J. Dunklau	officer: President and Secretary	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Schechter Private Capital, Llc	10 percent owner	251 PIERCE STREET, BIRMINGHAM MI 48009
Pankaj Dinodia	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert H Ramsey	officer: Chief Financial Officer	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Marcy Schwab	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Brent Hurley	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert Diegel	officer: Chief Operating Officer	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Mike Gill	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087