Blackbird Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1.38	1.61	1.94	2.85	2.07
Revenue Growth (YoY)	-13.88%	-17.02%	-31.95%	37.79%	31.85%
Cost of Revenue	0.17	0.14	0.12	0.14	0.16
Gross Profit	1.21	1.47	1.81	2.7	1.91
Selling, General & Admin	2.95	3.6	4.11	4.51	3.11
Amortization of Goodwill & Intangibles	1	0.41	0.42	0.38	0.34
Other Operating Expenses	-0.06	-0	-	-0.35	0.36
Operating Expenses	3.95	4.14	4.74	4.86	4.1
Operating Income	-2.73	-2.68	-2.93	-2.15	-2.19
Interest Expense	-	-0	-0	-0.01	-0.01
Interest & Investment Income	0.13	0.26	0.33	0.15	0.03
Other Non Operating Income (Expenses)	0	-	-	-	-
EBT Excluding Unusual Items	-2.6	-2.42	-2.6	-2.01	-2.17
Pretax Income	-2.6	-2.42	-2.6	-2.01	-2.17
Income Tax Expense	0.01	-0.07	-0.11	-0.09	-0.03
Net Income	-2.61	-2.35	-2.49	-1.92	-2.13
Net Income to Common	-2.61	-2.35	-2.49	-1.92	-2.13
Shares Outstanding (Basic)	421	384	367	367	338
Shares Outstanding (Diluted)	421	384	367	367	338
Shares Change (YoY)	9.67%	4.60%	0.08%	8.31%	0.69%
EPS (Basic)	-0.01	-0.01	-0.01	-0.01	-0.01
EPS (Diluted)	-0.01	-0.01	-0.01	-0.01	-0.01
Free Cash Flow	-1.59	-2.43	-2.11	-2.26	-0.95
Free Cash Flow Per Share	-0.00	-0.01	-0.01	-0.01	-0.00
Gross Margin	87.73%	91.17%	93.55%	94.97%	92.47%
Operating Margin	-197.30%	-166.56%	-151.09%	-75.60%	-105.76%
Profit Margin	-188.48%	-145.98%	-128.69%	-67.32%	-103.31%
Free Cash Flow Margin	-114.66%	-150.88%	-108.94%	-79.39%	-46.12%
EBITDA	-1.72	-2.62	-2.85	-2.09	-2.15
EBITDA Margin	-124.09%	-163.10%	-146.88%	-73.55%	-104.27%
D&A For EBITDA	1.01	0.06	0.08	0.06	0.03
EBIT	-2.73	-2.68	-2.93	-2.15	-2.19
EBIT Margin	-197.30%	-166.56%	-151.09%	-75.60%	-105.76%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.