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 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	199.15	234.6	285.39	191.81	73.69	81.75
Revenue Growth (YoY)	-28.00%	-17.80%	48.79%	160.30%	-9.86%	18.58%
Cost of Revenue	180.27	209.76	245.61	162.18	58.67	76.13
Gross Profit	18.88	24.84	39.78	29.62	15.02	5.61
Selling, General & Admin	16.32	17.97	12.41	6.26	6.38	4.8
Research & Development	1.55	1.55	1.35	0.98	0.78	0.14
Other Operating Expenses	1.23	0.84	1.15	0.43	0.06	0.23
Operating Expenses	19.1	20.36	15.71	7.67	7.21	5.17
Operating Income	-0.21	4.48	24.07	21.95	7.8	0.44
Interest Expense	-0.47	-0.75	-1.88	-2.38	-0.69	-0.66
Other Non Operating Income (Expenses)	-1.32	-1.68	-2.39	-1.06	-0.25	-0.9
EBT Excluding Unusual Items	-2	2.05	19.8	18.51	6.87	-1.12
Asset Writedown	-	-	-1.78	-2.82	-0.97	-0.04
Legal Settlements	-3.46	-3.46	-3	-	-	-
Other Unusual Items	-5.28	-5.28	-	-	-	-1.6
Pretax Income	-10.75	-6.69	15.02	15.69	5.89	-2.76
Income Tax Expense	-1.62	-0.66	4.73	4.49	1.77	0.88
Net Income	-9.13	-6.03	10.28	11.2	4.12	-3.64
Net Income to Common	-9.13	-6.03	10.28	11.2	4.12	-3.64
Net Income Growth	-	-	-8.15%	171.48%	-	-
Shares Outstanding (Basic)	4,095	4,095	4,095	3,975	3,967	4,049
Shares Outstanding (Diluted)	4,095	4,095	4,466	4,464	4,475	4,049
Shares Change (YoY)	-8.31%	-8.32%	0.06%	-0.25%	10.51%	-0.74%
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	8.81	11.15	10.9	13.83	-0.12	-6.37
Free Cash Flow Per Share	0.00	0.00	0.00	0.00	-	-0.00
Gross Margin	9.48%	10.59%	13.94%	15.44%	20.38%	6.87%
Operating Margin	-0.11%	1.91%	8.43%	11.45%	10.59%	0.54%
Profit Margin	-4.58%	-2.57%	3.60%	5.84%	5.60%	-4.46%
Free Cash Flow Margin	4.43%	4.75%	3.82%	7.21%	-0.16%	-7.79%
EBITDA	8.44	12.72	28.43	23.43	9.47	1.02
EBITDA Margin	4.23%	5.42%	9.96%	12.22%	12.86%	1.25%
D&A For EBITDA	8.65	8.25	4.36	1.48	1.67	0.58
EBIT	-0.21	4.48	24.07	21.95	7.8	0.44
EBIT Margin	-0.11%	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

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