Napatech Income Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	159.35	146.61	116.41	182.67	158.63	195.47
Revenue Growth (YoY)	34.23%	25.94%	-36.28%	15.16%	-18.85%	0.64%
Cost of Revenue	50.99	44.73	37.05	49.13	68.93	31.51
Gross Profit	108.36	101.88	79.36	133.55	89.7	163.97
Selling, General & Admin	156.04	160.48	165.61	133.99	109.82	111.68
Operating Expenses	175.01	182.61	194.94	166.45	135.9	133.93
Operating Income	-66.66	-80.73	-115.58	-32.9	-46.2	30.04
Interest Expense	-0.44	-1.48	-2.3	-1.64	-1.11	-0.46
Interest & Investment Income	1.07	1.07	1.62	0.36	0.01	0.02
Currency Exchange Gain (Loss)	-3.4	-3.4	0.7	-0.69	3.59	4.59
Other Non Operating Income (Expenses)	-0.28	-0.57	-1.52	-1.58	-0.44	2.18
EBT Excluding Unusual Items	-69.72	-85.12	-117.09	-36.45	-44.14	36.37
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.63
Pretax Income	-69.72	-85.12	-117.09	-36.45	-44.14	37
Income Tax Expense	-4.46	-4.46	-5.83	-4.43	4.12	-3.23
Net Income	-65.26	-80.66	-111.26	-32.02	-48.26	40.23
Net Income to Common	-65.26	-80.66	-111.26	-32.02	-48.26	40.23
Net Income Growth	-	-	-	-	-	319.26%
Shares Outstanding (Basic)	110	106	96	88	83	83
Shares Outstanding (Diluted)	110	106	96	88	83	86
Shares Change (YoY)	-	9.94%	9.38%	6.05%	-3.53%	0.81%
EPS (Basic)	-0.59	-0.76	-1.15	-0.36	-0.58	0.48
EPS (Diluted)	-0.59	-0.76	-1.15	-0.36	-0.58	0.47
EPS Growth	-	-	-	-	-	327.27%
Free Cash Flow	-13.1	-34.1	-107.27	-8.96	-26.37	7.84
Free Cash Flow Per Share	-0.12	-0.32	-1.11	-0.10	-0.32	0.09
Gross Margin	68.00%	69.49%	68.17%	73.11%	56.55%	83.88%
Operating Margin	-41.83%	-55.07%	-99.29%	-18.01%	-29.13%	15.37%
Profit Margin	-40.96%	-55.01%	-95.58%	-17.53%	-30.42%	20.58%
Free Cash Flow Margin	-8.22%	-23.26%	-92.15%	-4.90%	-16.62%	4.01%
EBITDA	-66.91	-77.83	-111.1	-28.62	-41.98	32.04
EBITDA Margin	-41.99%	-53.09%	-95.44%	-15.66%	-26.46%	16.39%
D&A For EBITDA	-0.26	2.9	4.48	4.28	4.22	2
EBIT	-66.66	-80.73	-115.58	-32.9	-46.2	30.04
EBIT Margin	-41.83%	-55.07%	-99.29%	-18.01%	-29.13%	15.37%

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