Trainline Income Statement

Financials in millions GBP. Fiscal year is March - February.

Millions GBP. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	452.68	442.1	396.72	327.15	188.51
Revenue Growth (YoY)	2.40%	11.44%	21.27%	73.54%	181.01%
Cost of Revenue	78.81	89.78	91.43	74.92	44.63
Gross Profit	373.87	352.31	305.29	252.22	143.89
Selling, General & Admin	251.45	266.74	249.71	224.59	154.2
Depreciation & Amortization Expenses	40.81	43.17	41.66	41.17	42.58
Other Operating Expenses	13.41	30.39	24.89	17.29	6.78
Total Operating Expenses	305.67	340.29	316.26	283.04	203.56
Operating Income	122.43	85.58	55.58	27.64	-10.31
Interest Income	4	4	2.75	4.72	3.95
Interest Expense	-12.11	-8.69	-10.21	-10.27	-9.18
Total Non-Operating Income (Expense)	-8.11	-4.69	-7.46	-5.55	-5.23
Pretax Income	114.32	80.89	48.12	22.09	-15.54
Provision for Income Taxes	34.5	22.54	14.13	0.87	-3.64
Net Income	79.81	58.35	33.99	21.22	-11.91
Net Income to Common	79.81	58.35	33.99	21.22	-11.91
Net Income Growth	36.79%	71.68%	60.18%	-	-
Shares Outstanding (Basic)	411	446	467	469	478
Shares Outstanding (Diluted)	417	461	479	473	478
Shares Change (YoY)	-9.46%	-3.87%	1.33%	-0.95%	-0.09%
EPS (Basic)	0.19	0.13	0.07	0.05	-0.02
EPS (Diluted)	0.19	0.13	0.07	0.04	-0.02
EPS Growth	51.11%	78.56%	58.26%	-	-
Free Cash Flow	116.17	136.76	118.88	37.2	195.05
Free Cash Flow Growth	-15.05%	15.04%	219.58%	-80.93%	-
Free Cash Flow Per Share	0.28	0.30	0.25	0.08	0.41
Gross Margin	82.59%	79.69%	76.95%	77.10%	76.33%
Operating Margin	27.04%	19.36%	14.01%	8.45%	-5.47%
Profit Margin	17.63%	13.20%	8.57%	6.49%	-6.32%
FCF Margin	25.66%	30.93%	29.96%	11.37%	103.47%
EBITDA	163.24	128.75	97.24	68.81	32.26
EBITDA Margin	36.06%	29.12%	24.51%	21.03%	17.11%
EBIT	122.43	85.58	55.58	27.64	-10.31
EBIT Margin	27.04%	19.36%	14.01%	8.45%	-5.47%
Effective Tax Rate	30.18%	27.86%	29.37%	3.95%	23.40%