Shift Technologies Inc Revenue Growth Rates (SFT), Current and Historic Growth - CSIMarket
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Shift Technologies Inc   (NASDAQ: SFT)
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 

SFT's Revenue Growth by Quarter and Year

Shift Technologies Inc 's Revenue results by quarter and year




SFT Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
4th Quarter December -
3rd Quarter September -
2nd Quarter June 47.11
1st Quarter March 54.11
FY 101.22





SFT Revenue second quarter 2023 Y/Y Growth Comment
Shift Technologies Inc reported drop in Revenue in the second quarter 2023 by -78.94% to $ 47.11 millions, from the same quarter in 2022.
This represents worst decline in recent Company history.

Looking into second quarter 2023 results within Automotive Aftermarket industry 26 other companies have achieved higher Revenue growth. While Shift Technologies Inc ' s Revenue meltdown of -78.94% ranks overall at the positon no. 4034 in the second quarter 2023.




SFT Revenue ( Y/Y Growth %) 2023
2022 2021 2020
4th Quarter December - -66.58 % 167.29 % 168.41 %
3rd Quarter September - -9.97 % 200.12 % 30.64 %
2nd Quarter June -78.94 % 44.48 % 377.34 % -23.6 %
1st Quarter March -75.36 % 107.15 % 253.92 % -40.78 %
FY   - 5.32 % 225.42 % -

Financial Statements
Shift Technologies Inc 's second quarter 2023 Revenue $ 47.11 millions SFT's Income Statement
Shift Technologies Inc 's second quarter 2022 Revenue $ 223.73 millions Quarterly SFT's Income Statement


SFT Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
4th Quarter December - -59.49 % 9.13 % 22.53 %
3rd Quarter September - -27.65 % 16.11 % 84.68 %
2nd Quarter June -12.93 % 1.89 % 46.08 % 8.31 %
1st Quarter March -17.48 % 11.91 % 44.39 % 9.51 %
FY (Year on Year)   - 5.32 % 225.42 % -




Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #27
Retail Sector #201
Overall #4034

Revenue Y/Y Growth Statistics
High Average Low
107.14 % -13.2 % -78.94 %
(Mar 31 2022)   (Jun 30 2023)
Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #27
Retail Sector #201
Overall #4034
Revenue Y/Y Growth Statistics
High Average Low
107.14 % -13.2 % -78.94 %
(Mar 31 2022)   (Jun 30 2023)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Shift Technologies Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
46.08 % -3.6 % -59.49 %
(Jun 30 2021)  


SFT's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Shift Technologies Inc disclosed drop in Revenue from the first quarter by -12.93% to $ 47.11 millions, from $ 54.11 millions achived in the previous reporting period.

Although periodic circumstance commonly energize II. Quarter 2023 Revenue, this plainly could not be substantial to rescue Automotive Aftermarket's company achievement, Most analysts pointed out.

Within Automotive Aftermarket industry 22 other companies have achieved higher Revenue quarter on quarter growth. While Shift Technologies Inc 's Revenue growth quarter on quarter, overall rank is 3164.


Revenue Q/Q Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #23
Retail Sector #98
Overall #3164
Revenue Q/Q Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #23
Retail Sector #98
Overall #3164
Revenue Q/Q Growth Statistics
High Average Low
46.08 % -3.6 % -59.49 %
(Jun 30 2021)  


SFT's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Shift Technologies Inc disclosed drop in Revenue from the first quarter by -12.93% to $ 47.11 millions, from $ 54.11 millions achived in the previous reporting period.

Although periodic circumstance commonly energize II. Quarter 2023 Revenue, this plainly could not be substantial to rescue Automotive Aftermarket's company achievement, Most analysts pointed out.

Within Automotive Aftermarket industry 22 other companies have achieved higher Revenue quarter on quarter growth. While Shift Technologies Inc 's Revenue growth quarter on quarter, overall rank is 3164.


Shift Technologies Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Revenue 12 Months Ending $ 328.66 $ 505.28 $ 670.75 $ 801.40 $ 819.33
Y / Y Revenue Growth (TTM) -59.89 % -32.67 % 5.32 % 55.89 % 107.86 %
Year on Year Revenue Growth Overall Ranking # 1838 # 1891 # 1950 # 0 # 0
Seqeuential Revenue Change (TTM) -34.96 % -24.67 % -16.3 % -2.19 % 9.18 %
Seq. Revenue Growth (TTM) Overall Ranking # 1694 # 1473 # 1162 # 2335 # 1139


Cumulative Revenue growth Comment
Shift Technologies Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -59.89% year on year, at Jun 30 2023 compare to the -32.67% decrease at Mar 31 2023. If the Shift Technologies Inc 's fiscal year would end at Jun 30 2023, annual Revenue would be $329 millions.

In the Retail sector 53 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1838, from total ranking in previous quarter at 1891.

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry # 13
Retail Sector # 54
Overall # 1838

Revenue TTM Y/Y Growth Statistics
High Average Low
5.32 %
-29.08 %
-59.89 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 65
S&P 500 # 1694
Cumulative Revenue growth Comment
Shift Technologies Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -59.89% year on year, at Jun 30 2023 compare to the -32.67% decrease at Mar 31 2023. If the Shift Technologies Inc 's fiscal year would end at Jun 30 2023, annual Revenue would be $329 millions.

In the Retail sector 53 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1838, from total ranking in previous quarter at 1891.


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry # 13
Retail Sector # 54
Overall # 1838

Revenue TTM Y/Y Growth Statistics
High Average Low
5.32 %
-29.08 %
-59.89 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 65
S&P 500 # 1694




Other Revenue Growth
Automotive Aftermarket Industry Revenue Growth Trends and Statistics
Retail Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
SFT's Revenue Growth Ratio versus Automotive Aftermarket Industry, Retail Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth




Companies with similar Revenue drop for the quarter ending Jun 30 2023 within Retail SectorY/Y Change %Revenue for the quarter ending Jun 30 2023
Gold com Inc -0.91%$ -0.909 millions
Sunstock Inc -1.16%$ -1.162 millions
Scansource Inc -1.37%$ -1.374 millions
Ingles Markets Incorporated-1.67%$ -1.666 millions
Hf Foods Group Inc -2.66%$ -2.662 millions
Arko Corp -2.80%$ -2.800 millions
Sally Beauty Holdings Inc -3.20%$ -3.199 millions
Wayfair inc -3.44%$ -3.441 millions
Domino s Pizza Inc -3.81%$ -3.807 millions
Asbury Automotive Group Inc -5.26%$ -5.258 millions
Revolve Group Inc -5.63%$ -5.628 millions
Herbalife Ltd -5.65%$ -5.651 millions
Cosmos Health Inc -6.40%$ -6.398 millions
Monro Inc -6.47%$ -6.473 millions
Qvc inc -7.02%$ -7.023 millions
Suburban Propane Partners Lp-7.23%$ -7.227 millions
Cdw Corp-8.46%$ -8.456 millions
Bark Inc -8.47%$ -8.474 millions
The Alkaline Water Company Inc -8.49%$ -8.487 millions
Pool Corporation-9.65%$ -9.653 millions
Samsara Luggage Inc -9.82%$ -9.821 millions
Qvc Group Inc -10.29%$ -10.295 millions
Nu Skin Enterprises Inc -10.77%$ -10.766 millions
Growgeneration Corp -11.19%$ -11.191 millions
Pc Connection Inc -11.46%$ -11.462 millions
Camping World Holdings Inc -12.35%$ -12.354 millions
Insight Enterprises Inc -14.35%$ -14.353 millions
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A k a Brands Holding Corp -14.59%$ -14.586 millions
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About Shift Technologies Inc Revenue Growth Rates (SFT), Current and Historic Growth - CSIMarket Analysis

How we calculate this

This page is based on issuer-reported fundamentals and CSIMarket’s U.S. equities database (20+ years). Growth is computed using year-over-year (Y/Y), sequential, and trailing-twelve-month (TTM) methods.

What’s included here

Company: Shift Technologies Inc (CIK 1762322).

Source & verification

Last updated

  • Page updated:
  • Data lineage: SEC filings → XBRL parse → normalization CSIMarket.com Database → growth calculations.
  • Accession: 0001762322-23-000062
  • Figures are derived from filed reports and may be restated; numbers are subject to revision.

Sources: Shift Technologies Inc ’s SEC filings (XBRL/Inline XBRL) and CSIMarket.com’s normalization & QA processes.



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