Athena Bitcoin Global Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	256.51	285.39	191.81	73.69	81.75	68.94
Revenue Growth (YoY)	-12.55%	48.79%	160.30%	-9.86%	18.58%	204.45%
Cost of Revenue	225.65	245.61	162.18	58.67	76.13	62.36
Gross Profit	30.85	39.78	29.62	15.02	5.61	6.58
Selling, General & Admin	14.76	12.41	6.26	6.38	4.8	3.36
Research & Development	1.73	1.35	0.98	0.78	0.14	0.09
Other Operating Expenses	1.45	1.15	0.43	0.06	0.23	0.06
Operating Expenses	18.73	15.71	7.67	7.21	5.17	3.5
Operating Income	12.12	24.07	21.95	7.8	0.44	3.09
Interest Expense	-0.89	-1.88	-2.38	-0.69	-0.66	-0.99
Other Non Operating Income (Expenses)	-2.71	-2.39	-1.06	-0.25	-0.9	-1.63
EBT Excluding Unusual Items	8.52	19.8	18.51	6.87	-1.12	0.47
Asset Writedown	-1.36	-1.78	-2.82	-0.97	-0.04	-0.04
Legal Settlements	-3	-3	-	-	-	-
Other Unusual Items	-4.6	-	-	-	-1.6	0.16
Pretax Income	-0.44	15.02	15.69	5.89	-2.76	0.59
Income Tax Expense	-0.07	4.73	4.49	1.77	0.88	0.43
Net Income	-0.37	10.28	11.2	4.12	-3.64	0.16
Net Income to Common	-0.37	10.28	11.2	4.12	-3.64	0.16
Net Income Growth	-	-8.15%	171.48%	-	-	-
Shares Outstanding (Basic)	4,184	4,095	3,975	3,967	4,049	3,841
Shares Outstanding (Diluted)	4,184	4,466	4,464	4,475	4,049	4,080
Shares Change (YoY)	-5.99%	0.06%	-0.25%	10.51%	-0.74%	227.00%
EPS (Basic)	-0.00	0.00	0.00	0.00	-0.00	0.00
EPS (Diluted)	-0.00	0.00	0.00	0.00	-0.00	0.00
EPS Growth	-	-8.04%	155.69%	-	-	-
Free Cash Flow	8.38	10.9	13.83	-0.12	-6.37	-6.92
Free Cash Flow Per Share	0.00	0.00	0.00	-	-0.00	-0.00
Gross Margin	12.03%	13.94%	15.44%	20.38%	6.87%	9.55%
Operating Margin	4.72%	8.43%	11.45%	10.59%	0.54%	4.47%
Profit Margin	-0.14%	3.60%	5.84%	5.60%	-4.46%	0.23%
Free Cash Flow Margin	3.27%	3.82%	7.21%	-0.16%	-7.79%	-10.03%
EBITDA	19.67	28.17	23.43	9.47	1.02	3.37
EBITDA Margin	7.67%	9.87%	12.22%	12.86%	1.25%	4.89%
D&A For EBITDA	7.55	4.1	1.48	1.67	0.58	0.28
EBIT	12.12	24.07	21.95	7.8	0.44	3.09
EBIT Margin	4.72%	8.43%	11.45%	10.59%	0.54%	4.47%
Effective Tax Rate	-	31.52%	28.62%	30.03%	-	72.79%
Advertising Expenses	-	0.06	0.05	0.05	0.37	0.15

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.