Heartland Financial USA Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,128	14,277	12,127	6,367	4,939
Revenue Growth (YoY)	-6.11%	17.73%	90.47%	28.92%	-
Cost of Revenue	11,866	12,668	12,879	7,227	3,617
Gross Profit	1,262	1,609	-752.72	-860.08	1,321
Selling, General & Admin	1,716	1,607	1,533	992.95	640.4
Research & Development	845.63	720.38	441.48	376.81	993.69
Other Operating Expenses	73.96	73.09	30.42	11.89	12.84
Operating Expenses	3,046	2,811	2,271	1,566	1,727
Operating Income	-1,784	-1,202	-3,023	-2,427	-406.08
Interest Expense	-	-4.35	-307.51	-1,039	-129.32
Interest & Investment Income	307.08	127.11	29.22	11.21	2.09
Currency Exchange Gain (Loss)	-47.24	-45.41	2.05	1.77	-
Other Non Operating Income (Expenses)	-243.93	-237.2	-2,624	-20,972	105.98
EBT Excluding Unusual Items	-1,768	-1,362	-5,923	-24,425	-427.33
Gain (Loss) on Sale of Investments	288.69	139.39	3.25	-	-
Gain (Loss) on Sale of Assets	77.38	77.38	-	8.14	-15.01
Pretax Income	-1,402	-1,145	-5,920	-24,417	-442.34
Net Income	-1,402	-1,145	-5,920	-24,417	-442.34
Net Income to Common	-1,402	-1,145	-5,920	-24,417	-442.34
Shares Outstanding (Basic)	18	15	9	8	-
Shares Outstanding (Diluted)	18	15	9	8	-
Shares Change (YoY)	-	72.64%	4.64%	-	-
EPS (Basic)	-79.06	-74.95	-669.13	-2887.83	-
EPS (Diluted)	-79.06	-74.95	-669.13	-2888.00	-
Free Cash Flow	-32,107	-35,987	231.52	-9,118	-1,454
Free Cash Flow Per Share	-1811.12	-2356.07	26.17	-1078.41	-
Gross Margin	9.62%	11.27%	-6.21%	-13.51%	26.75%
Operating Margin	-13.59%	-8.42%	-24.93%	-38.11%	-8.22%
Profit Margin	-10.68%	-8.02%	-48.82%	-383.51%	-8.96%
Free Cash Flow Margin	-244.57%	-252.06%	1.91%	-143.22%	-29.45%
EBITDA	-1,030	-506.7	-2,413	-2,072	-115.22
EBITDA Margin	-7.85%	-3.55%	-19.90%	-32.54%	-2.33%
D&A For EBITDA	753.58	695.05	610.07	354.61	290.86
EBIT	-1,784	-1,202	-3,023	-2,427	-406.08
EBIT Margin	-13.59%	-8.42%	-24.93%	-38.11%	-8.22%
Advertising Expenses	-	37.85	5.52	5.54	22.81

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