Ionics 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	119.68	106.48	95.53	78.36	62.47
Revenue Growth (YoY)	12.40%	11.46%	21.92%	25.43%	16.27%
Cost of Revenue	107.76	95.35	83.28	68.59	55.19
Gross Profit	11.92	11.13	12.25	9.77	7.28
Selling, General & Admin	5.78	4.86	5.09	4.37	3.85
Operating Expenses	5.78	4.86	5.09	4.37	3.85
Operating Income	6.14	6.27	7.16	5.4	3.43
Interest Expense	-1.06	-1.61	-1.74	-1.07	-0.62
Interest & Investment Income	0.01	0.01	0.01	0.01	0.02
Earnings From Equity Investments	0.01	0.02	-0.01	0.04	0.02
Currency Exchange Gain (Loss)	0	0.23	-0.18	0.81	0.22
Other Non Operating Income (Expenses)	0.01	0.13	0.02	-0.1	-0.05
EBT Excluding Unusual Items	5.12	5.04	5.26	5.09	3.02
Gain (Loss) on Sale of Assets	-	-	0	-	-
Pretax Income	5.12	5.04	5.26	5.09	3.02
Income Tax Expense	0.69	0.7	0.64	0.57	0.36
Earnings From Continuing Operations	4.43	4.34	4.62	4.52	2.66
Earnings From Discontinued Operations	-0.49	-1.26	0.04	-	-
Net Income to Company	3.94	3.08	4.66	4.52	2.66
Minority Interest in Earnings	-0.1	-0.07	-0.08	-0.07	-0.03
Net Income	3.84	3.01	4.58	4.45	2.63
Net Income to Common	3.84	3.01	4.58	4.45	2.63
Net Income Growth	27.61%	-34.31%	2.99%	68.91%	448.75%
Shares Outstanding (Basic)	823	823	823	823	823
Shares Outstanding (Diluted)	823	823	823	823	823
EPS (Basic)	0.00	0.00	0.01	0.01	0.00
EPS (Diluted)	0.00	0.00	0.01	0.01	0.00
EPS Growth	27.59%	-34.30%	2.98%	68.91%	448.89%
Free Cash Flow	8.84	8.12	6.62	-1.52	-3.26
Free Cash Flow Per Share	0.01	0.01	0.01	-0.00	-0.00
Dividend Per Share	-	0.002	-	0.002	-
Gross Margin	9.96%	10.45%	12.82%	12.47%	11.65%
Operating Margin	5.13%	5.89%	7.50%	6.89%	5.50%
Profit Margin	3.21%	2.83%	4.80%	5.68%	4.22%
Free Cash Flow Margin	7.38%	7.63%	6.93%	-1.93%	-5.22%
EBITDA	11.41	11.69	11.98	9.8	7.46
EBITDA Margin	9.53%	10.97%	12.54%	12.51%	11.93%
D&A For EBITDA	5.27	5.42	4.82	4.4	4.02
EBIT	6.14	6.27	7.16	5.4	3.43
EBIT Margin	5.13%	5.89%	7.50%	6.89%	5.50%
Effective Tax Rate	13.48%	13.91%	12.18%	11.27%	12.00%
Revenue as Reported	119.68	106.48	95.53	78.36	62.47

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