Athena Bitcoin Global 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	234.6	285.39	191.81	73.69	81.75
Revenue Growth (YoY)	-17.80%	48.79%	160.30%	-9.86%	18.58%
Cost of Revenue	209.76	245.61	162.18	58.67	76.13
Gross Profit	24.84	39.78	29.62	15.02	5.61
Selling, General & Admin	17.97	12.41	6.26	6.38	4.8
Research & Development	1.55	1.35	0.98	0.78	0.14
Other Operating Expenses	0.84	1.15	0.43	0.06	0.23
Operating Expenses	20.36	15.71	7.67	7.21	5.17
Operating Income	4.48	24.07	21.95	7.8	0.44
Interest Expense	-0.75	-1.88	-2.38	-0.69	-0.66
Other Non Operating Income (Expenses)	-1.68	-2.39	-1.06	-0.25	-0.9
EBT Excluding Unusual Items	2.05	19.8	18.51	6.87	-1.12
Asset Writedown	-	-1.78	-2.82	-0.97	-0.04
Legal Settlements	-3.46	-3	-	-	-
Other Unusual Items	-5.28	-	-	-	-1.6
Pretax Income	-6.69	15.02	15.69	5.89	-2.76
Income Tax Expense	-0.66	4.73	4.49	1.77	0.88
Net Income	-6.03	10.28	11.2	4.12	-3.64
Net Income to Common	-6.03	10.28	11.2	4.12	-3.64
Net Income Growth	-	-8.15%	171.48%	-	-
Shares Outstanding (Basic)	4,095	4,095	3,975	3,967	4,049
Shares Outstanding (Diluted)	4,095	4,466	4,464	4,475	4,049
Shares Change (YoY)	-8.32%	0.06%	-0.25%	10.51%	-0.74%
EPS (Basic)	-0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	-0.00	0.00	0.00	0.00	-0.00
EPS Growth	-	-8.04%	155.69%	-	-
Free Cash Flow	11.15	10.9	13.83	-0.12	-6.37
Free Cash Flow Per Share	0.00	0.00	0.00	-	-0.00
Gross Margin	10.59%	13.94%	15.44%	20.38%	6.87%
Operating Margin	1.91%	8.43%	11.45%	10.59%	0.54%
Profit Margin	-2.57%	3.60%	5.84%	5.60%	-4.46%
Free Cash Flow Margin	4.75%	3.82%	7.21%	-0.16%	-7.79%
EBITDA	12.72	28.43	23.43	9.47	1.02
EBITDA Margin	5.42%	9.96%	12.22%	12.86%	1.25%
D&A For EBITDA	8.25	4.36	1.48	1.67	0.58
EBIT	4.48	24.07	21.95	7.8	0.44
EBIT Margin	1.91%	8.43%	11.45%	10.59%	0.54%
Effective Tax Rate	-	31.52%	28.62%	30.03%	-
Advertising Expenses	-	-	0.05	0.05	0.37

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