Raspberry Pi Holdings 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
Revenue	323.2	259.5	265.8	187.86	140.59
Revenue Growth (YoY)	24.55%	-2.37%	41.49%	33.63%	40.70%
Cost of Revenue	245.4	196.3	199.8	145.58	98.67
Gross Profit	77.8	63.2	66	42.28	41.92
Selling, General & Admin	27.6	24.7	17.5	11.68	9.86
Research & Development	22.5	17.9	10.6	9.25	11.12
Operating Expenses	50.1	42.6	28.1	20.93	20.99
Operating Income	27.7	20.6	37.9	21.35	20.93
Interest Expense	-1.4	-1.2	-0.8	-0.22	-0.32
Interest & Investment Income	1	1.1	1.4	0.05	-
Currency Exchange Gain (Loss)	0.2	-	-	1.02	-0.25
Other Non Operating Income (Expenses)	-1	-1.2	-	-	-
EBT Excluding Unusual Items	26.5	19.3	38.5	22.2	20.37
Asset Writedown	-	-0.1	-0.3	-	-
Other Unusual Items	-	-2.9	-	-2.11	-1.89
Pretax Income	26.5	16.3	38.2	20.09	18.47
Income Tax Expense	4.8	4.6	6.6	3.02	3.62
Net Income	21.7	11.7	31.6	17.07	14.85
Net Income to Common	21.7	11.7	31.6	17.07	14.85
Net Income Growth	85.47%	-62.98%	85.15%	14.92%	-13.63%
Shares Outstanding (Basic)	193	181	162	5	5
Shares Outstanding (Diluted)	197	189	178	6	6
Shares Change (YoY)	4.54%	6.00%	2850.32%	6.30%	13.53%
EPS (Basic)	0.11	0.06	0.20	3.11	2.88
EPS (Diluted)	0.11	0.06	0.18	2.82	2.62
EPS Growth	77.42%	-65.07%	-93.71%	7.63%	-23.82%
Free Cash Flow	4.4	-5.4	17.2	12.2	-2.29
Free Cash Flow Per Share	0.02	-0.03	0.10	2.02	-0.40
Gross Margin	24.07%	24.36%	24.83%	22.51%	29.82%
Operating Margin	8.57%	7.94%	14.26%	11.36%	14.89%
Profit Margin	6.71%	4.51%	11.89%	9.09%	10.56%
Free Cash Flow Margin	1.36%	-2.08%	6.47%	6.49%	-1.63%
EBITDA	36.6	29.7	43.2	23.81	22.47
EBITDA Margin	11.32%	11.45%	16.25%	12.67%	15.98%
D&A For EBITDA	8.9	9.1	5.3	2.46	1.54
EBIT	27.7	20.6	37.9	21.35	20.93
EBIT Margin	8.57%	7.94%	14.26%	11.36%	14.89%
Effective Tax Rate	18.11%	28.22%	17.28%	15.04%	19.61%

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