Courage Investment Group Income Statement

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

Millions USD. 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
Operating Revenue	18.6	9.18	8.45	12.08	9.16
Other Revenue	-	-	0.06	0.29	0.58
Revenue	18.6	9.18	8.51	12.37	9.74
Revenue Growth (YoY)	102.59%	7.88%	-31.20%	27.05%	22.96%
Cost of Revenue	14.69	6.04	6.22	7	4.93
Gross Profit	3.91	3.14	2.29	5.37	4.81
Selling, General & Admin	3.23	2.34	1.56	1.34	1.52
Operating Expenses	3.23	2.34	1.56	1.34	1.52
Operating Income	0.68	0.81	0.73	4.04	3.29
Interest Expense	-0.02	-0.02	-0.19	-0.35	-0.45
Earnings From Equity Investments	-	-	-0.79	-0.76	0.09
Currency Exchange Gain (Loss)	-	-	-0	-0	0
Other Non Operating Income (Expenses)	0.98	1.11	0.57	0.57	0.08
EBT Excluding Unusual Items	1.64	1.9	0.32	3.5	3.02
Gain (Loss) on Sale of Investments	-	-0.39	-1.15	-1.4	-5.42
Gain (Loss) on Sale of Assets	-	0.11	-2.1	-0.18	-
Asset Writedown	-1.72	0.09	-1.05	-0.8	12.89
Pretax Income	-0.08	1.71	-3.97	1.12	10.49
Income Tax Expense	0.28	-	-	-	-
Earnings From Continuing Operations	-0.36	1.71	-3.97	1.12	10.49
Net Income	-0.36	1.71	-3.97	1.12	10.49
Net Income to Common	-0.36	1.71	-3.97	1.12	10.49
Net Income Growth	-	-	-	-89.29%	-
Shares Outstanding (Basic)	1,098	1,098	1,098	1,098	1,093
Shares Outstanding (Diluted)	1,098	1,098	1,098	1,098	1,093
Shares Change (YoY)	-	-	-	0.45%	69.16%
EPS (Basic)	-0.00	0.00	-0.00	0.00	0.01
EPS (Diluted)	-0.00	0.00	-0.00	0.00	0.01
EPS Growth	-	-	-	-89.34%	-
Free Cash Flow	-	-10.35	2.41	4.21	4.05
Free Cash Flow Per Share	-	-0.01	0.00	0.00	0.00
Gross Margin	21.03%	34.23%	26.94%	43.42%	49.43%
Operating Margin	3.67%	8.79%	8.58%	32.63%	33.78%
Profit Margin	-1.92%	18.58%	-46.69%	9.08%	107.70%
Free Cash Flow Margin	-	-112.73%	28.27%	34.00%	41.58%
EBITDA	2.01	2.13	2.17	5.52	4.1
EBITDA Margin	10.79%	23.22%	25.54%	44.65%	42.11%
D&A For EBITDA	1.33	1.33	1.44	1.49	0.81
EBIT	0.68	0.81	0.73	4.04	3.29
EBIT Margin	3.67%	8.79%	8.58%	32.63%	33.78%
Revenue as Reported	18.6	9.18	8.51	12.37	9.74

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.