CombinedX AB (publ) (FRA:K13)

Instructure Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	929	930.8	766.2	650.5	560.1	533.3
Revenue	929	930.8	766.2	650.5	560.1	533.3
Revenue Growth (YoY)	10.48%	21.48%	17.79%	16.14%	5.03%	37.11%
Cost of Revenue	750.1	748.9	585.1	506.8	433.3	423
Gross Profit	178.9	181.9	181.1	143.7	126.8	110.3
Selling, General & Admin	68.7	74.1	64.5	64.3	45.8	58
Other Operating Expenses	-0.2	-1.3	0.4	-0.3	0.4	-5.1
Operating Expenses	117.1	121.4	101.9	92.3	73.5	84.2
Operating Income	61.8	60.5	79.2	51.4	53.3	26.1
Interest Expense	-7.5	-5.8	-4.9	-4.5	-3.2	-3.9
Interest & Investment Income	1.1	3.6	2.8	0.4	0.2	0.2
Earnings From Equity Investments	0.3	1.1	0.3	0.3	1.2	-0.6
Currency Exchange Gain (Loss)	0.6	0.6	0.4	0.2	0.8	0.4
Other Non Operating Income (Expenses)	2	2	9.4	-1	-0.1	-
EBT Excluding Unusual Items	58.3	62	87.2	46.8	52.2	22.2
Impairment of Goodwill	-	-	-	-	-	-28.3
Gain (Loss) on Sale of Assets	0.2	0.2	0.1	0.6	6.4	2.5
Asset Writedown	-3.1	-	-	-	-	-5.4
Pretax Income	55.4	62.2	87.3	47.4	58.6	-9
Income Tax Expense	9	11.2	16.4	12.2	9.3	6.4
Earnings From Continuing Operations	46.4	51	70.9	35.2	49.3	-15.4
Minority Interest in Earnings	-0.2	-0.4	-	-	-	-
Net Income	46.2	50.6	70.9	35.2	49.3	-15.4
Net Income to Common	46.2	50.6	70.9	35.2	49.3	-15.4
Net Income Growth	-26.90%	-28.63%	101.42%	-28.60%	-	-
Shares Outstanding (Basic)	18	18	17	16	14	12
Shares Outstanding (Diluted)	18	18	17	17	14	12
Shares Change (YoY)	7.23%	3.33%	3.31%	21.73%	11.82%	20.11%
EPS (Basic)	2.50	2.82	4.15	2.13	3.61	-1.25
EPS (Diluted)	2.50	2.82	4.09	2.10	3.58	-1.25
EPS Growth	-31.79%	-31.05%	94.76%	-41.34%	-	-
Free Cash Flow	103.4	77.4	78.1	37.3	67.1	56.3
Free Cash Flow Per Share	5.59	4.32	4.50	2.22	4.87	4.57
Dividend Per Share	1.400	1.400	2.000	1.050	1.500	2.250
Dividend Growth	-30.00%	-30.00%	90.48%	-30.00%	-33.33%	-
Gross Margin	19.26%	19.54%	23.64%	22.09%	22.64%	20.68%
Operating Margin	6.65%	6.50%	10.34%	7.90%	9.52%	4.89%
Profit Margin	4.97%	5.44%	9.25%	5.41%	8.80%	-2.89%
Free Cash Flow Margin	11.13%	8.31%	10.19%	5.73%	11.98%	10.56%
EBITDA	82	77.6	94.4	61.2	61.7	36.5
EBITDA Margin	8.83%	8.34%	12.32%	9.41%	11.02%	6.84%
D&A For EBITDA	20.2	17.1	15.2	9.8	8.4	10.4
EBIT	61.8	60.5	79.2	51.4	53.3	26.1
EBIT Margin	6.65%	6.50%	10.34%	7.90%	9.52%	4.89%
Effective Tax Rate	16.25%	18.01%	18.79%	25.74%	15.87%	-
Revenue as Reported	932.4	934	767.2	651.9	567.6	542.3

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