Associated Capital Group 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
Operating Revenue	26.45	12.76	12.32	14.8	20.53
Other Revenue	0.44	0.42	0.36	0.43	0.39
Revenue	26.89	13.18	12.68	15.23	20.92
Revenue Growth (YoY)	104.08%	3.88%	-16.71%	-27.22%	10.22%
Cost of Revenue	27.77	18.29	17.25	18.88	24.46
Gross Profit	-0.89	-5.12	-4.56	-3.66	-3.53
Selling, General & Admin	7.45	5.94	5.52	-	8.43
Other Operating Expenses	8.12	7.69	6.86	7.61	7.12
Operating Expenses	15.57	13.64	12.38	7.61	15.54
Operating Income	-16.46	-18.75	-16.95	-11.26	-19.08
Interest Expense	-	-0.27	-0.46	-0.22	-0.31
Interest & Investment Income	24.39	32.5	25.26	10.65	12.11
Other Non Operating Income (Expenses)	-4.41	-3.51	-4.02	-3.13	-4.79
EBT Excluding Unusual Items	3.53	9.97	3.83	-3.95	-12.07
Gain (Loss) on Sale of Investments	65.24	42.77	43.03	-56.51	93.41
Pretax Income	68.77	52.74	46.87	-60.47	81.34
Income Tax Expense	15.4	8.31	9.14	-14.94	17.71
Earnings From Continuing Operations	53.36	44.43	37.73	-45.52	63.63
Net Income to Company	53.36	44.43	37.73	-45.52	63.63
Minority Interest in Earnings	-0.38	-0.1	-0.28	-3.39	-4.43
Net Income	52.99	44.33	37.45	-48.91	59.2
Net Income to Common	52.99	44.33	37.45	-48.91	59.2
Net Income Growth	19.53%	18.36%	-	-	214.64%
Shares Outstanding (Basic)	21	21	22	22	22
Shares Outstanding (Diluted)	21	21	22	22	22
Shares Change (YoY)	-1.60%	-1.95%	-1.15%	-0.43%	-1.11%
EPS (Basic)	2.52	2.08	1.72	-2.22	2.68
EPS (Diluted)	2.52	2.08	1.72	-2.22	2.68
EPS Growth	21.48%	20.73%	-	-	218.18%
Free Cash Flow	-	26.87	145.08	-70.55	238.19
Free Cash Flow Per Share	-	1.26	6.66	-3.20	10.77
Dividend Per Share	0.200	0.200	0.200	0.200	0.200
Gross Margin	-3.29%	-38.85%	-35.98%	-24.00%	-16.89%
Operating Margin	-61.21%	-142.34%	-133.62%	-73.96%	-91.17%
Profit Margin	197.06%	336.45%	295.29%	-321.17%	282.94%
Free Cash Flow Margin	-	203.98%	1143.85%	-463.30%	1138.38%
EBITDA	-16.1	-18.39	-16.59	-10.92	-18.7
EBITDA Margin	-59.88%	-139.60%	-130.78%	-71.72%	-89.36%
D&A For EBITDA	0.36	0.36	0.36	0.34	0.38
EBIT	-16.46	-18.75	-16.95	-11.26	-19.08
EBIT Margin	-61.21%	-142.34%	-133.62%	-73.96%	-91.17%
Effective Tax Rate	22.40%	15.75%	19.50%	-	21.77%
Revenue as Reported	26.89	13.18	12.68	15.23	20.92

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