Solid Clouds Income Statement

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

Millions ISK. 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	114.11	99.21	20.47	11.14	14.35
Revenue	114.11	99.21	20.47	11.14	14.35
Revenue Growth (YoY)	15.02%	384.69%	83.70%	-22.37%	-79.33%
Cost of Revenue	153.16	131.8	112.65	98.37	65.73
Gross Profit	-39.05	-32.59	-92.18	-87.23	-51.37
Selling, General & Admin	182.8	160.47	49.47	14	8.68
Research & Development	5.36	27.91	4.6	4.93	3.31
Other Operating Expenses	21.99	26.49	-	-	-
Operating Expenses	210.14	214.87	54.08	18.93	11.99
Operating Income	-249.19	-247.46	-146.26	-106.16	-63.36
Interest Expense	-14.18	-2.75	-1.35	-1.9	-1.24
Interest & Investment Income	3.7	6.49	9.3	13.63	3.31
Currency Exchange Gain (Loss)	-1.05	-1.01	-0.32	0.33	-1.31
Other Non Operating Income (Expenses)	0	-0	-0	-	-0
Pretax Income	-260.72	-244.73	-138.63	-94.12	-62.6
Income Tax Expense	-	159.74	-55.55	-43.34	-28.53
Net Income	-260.72	-404.46	-83.08	-50.78	-34.07
Net Income to Common	-260.72	-404.46	-83.08	-50.78	-34.07
Shares Outstanding (Basic)	717	332	184	184	184
Shares Outstanding (Diluted)	717	332	184	184	184
Shares Change (YoY)	116.11%	80.13%	-	-	46.04%
EPS (Basic)	-0.36	-1.22	-0.45	-0.28	-0.18
EPS (Diluted)	-0.36	-1.22	-0.45	-0.28	-0.18
Gross Margin	-34.22%	-32.85%	-	-	-
Operating Margin	-218.37%	-249.43%	-714.56%	-952.83%	-441.43%
Profit Margin	-228.47%	-407.69%	-405.89%	-455.77%	-237.35%
EBIT	-249.19	-247.46	-146.26	-106.16	-63.36
EBIT Margin	-218.37%	-249.43%	-	-	-
Revenue as Reported	-	-	20.47	11.14	14.35
Advertising Expenses	148.33	134.25	33.85	-	-

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