Tantalus Systems Holding Inc. (TSX:GRID)

Tantalus Systems Holding Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	54.11	44.31	42.15	39.6	32.17
Revenue Growth (YoY)	22.12%	5.13%	6.42%	23.10%	-2.66%
Cost of Revenue	24.52	20.29	20.29	20.71	17.82
Gross Profit	29.59	24.02	21.86	18.9	14.35
Selling, General & Admin	20.54	16.53	14.4	15.12	13.62
Research & Development	6.88	7	7.91	7.57	5.43
Operating Expenses	29.09	25.28	24.15	24.59	20.59
Operating Income	0.5	-1.26	-2.29	-5.69	-6.24
Interest Expense	-1.17	-1.59	-1.43	-0.95	-0.53
Interest & Investment Income	0.1	-	-	-	-
Currency Exchange Gain (Loss)	-0.33	0.23	-0.21	0.68	-0.11
Other Non Operating Income (Expenses)	-	-	-0.08	-0.12	-0.1
EBT Excluding Unusual Items	-0.9	-2.62	-4.01	-6.08	-6.98
Gain (Loss) on Sale of Investments	0.02	-	-	-	-
Other Unusual Items	-	-	2.33	-	-
Pretax Income	-0.88	-2.62	-1.67	-6.08	-6.98
Income Tax Expense	0.11	0.01	0.01	-0.88	0.04
Net Income	-0.99	-2.63	-1.69	-5.2	-7.02
Net Income to Common	-0.99	-2.63	-1.69	-5.2	-7.02
Shares Outstanding (Basic)	51	48	45	44	40
Shares Outstanding (Diluted)	51	48	45	44	40
Shares Change (YoY)	5.80%	8.50%	0.22%	10.39%	16.07%
EPS (Basic)	-0.02	-0.05	-0.04	-0.12	-0.17
EPS (Diluted)	-0.02	-0.05	-0.04	-0.12	-0.17
Free Cash Flow	3.96	2.23	-1.11	-3.58	-4.16
Free Cash Flow Per Share	0.08	0.05	-0.03	-0.08	-0.10
Gross Margin	54.69%	54.21%	51.86%	47.71%	44.61%
Operating Margin	0.93%	-2.85%	-5.42%	-14.37%	-19.40%
Profit Margin	-1.83%	-5.93%	-4.00%	-13.12%	-21.82%
Free Cash Flow Margin	7.32%	5.03%	-2.63%	-9.03%	-12.94%
EBITDA	1.6	-0.15	-1.11	-4.58	-5.43
EBITDA Margin	2.95%	-0.34%	-2.63%	-11.57%	-16.89%
D&A For EBITDA	1.09	1.11	1.18	1.11	0.81
EBIT	0.5	-1.26	-2.29	-5.69	-6.24
EBIT Margin	0.93%	-2.85%	-5.42%	-14.37%	-19.40%

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