EMERGE Commerce Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	26.88	20.42	19.58	31.7	34.83	9.2
Revenue Growth (YoY)	39.97%	4.30%	-38.22%	-8.99%	278.45%	121.21%
Cost of Revenue	17.03	12.18	11.95	17.85	19.72	2.03
Gross Profit	9.85	8.25	7.63	13.84	15.11	7.17
Selling, General & Admin	9.12	8.71	9.41	12.72	13.87	6.37
Operating Expenses	9.61	9.14	12.07	17.8	19.45	9.69
Operating Income	0.23	-0.9	-4.44	-3.95	-4.34	-2.52
Interest Expense	-1.17	-1.29	-3.13	-3.54	-1.74	-1.49
Currency Exchange Gain (Loss)	0.03	0.23	-0.65	1.57	0.54	0.15
Other Non Operating Income (Expenses)	2.24	1.39	-0.16	-0.09	-0.03	-0.04
EBT Excluding Unusual Items	1.34	-0.56	-8.38	-6.02	-5.57	-3.9
Merger & Restructuring Charges	-0.06	-0.12	-0.3	-0.6	-1.63	-1.94
Impairment of Goodwill	-	-	-8.27	-11.07	-	-
Other Unusual Items	0.14	-0.11	0.1	1.92	0.21	1.62
Pretax Income	1.41	-0.79	-16.85	-15.77	-6.99	-4.22
Income Tax Expense	0.9	0.32	-1.27	-1.3	-0.43	0.21
Earnings From Continuing Operations	0.52	-1.1	-15.58	-14.46	-6.56	-4.43
Earnings From Discontinued Operations	0.4	0.6	-5.67	-2.92	-	-
Net Income	0.92	-0.51	-21.26	-17.38	-6.56	-4.43
Net Income to Common	0.92	-0.51	-21.26	-17.38	-6.56	-4.43
Shares Outstanding (Basic)	142	132	109	104	95	63
Shares Outstanding (Diluted)	142	132	109	104	95	63
Shares Change (YoY)	14.85%	21.49%	4.89%	9.20%	51.16%	43.29%
EPS (Basic)	0.01	-0.00	-0.20	-0.17	-0.07	-0.07
EPS (Diluted)	0.01	-0.00	-0.20	-0.17	-0.07	-0.07
Free Cash Flow	3.5	0.13	2.02	1.02	-3.47	-0.19
Free Cash Flow Per Share	0.03	0.00	0.02	0.01	-0.04	-0.00
Gross Margin	36.63%	40.38%	38.97%	43.68%	43.38%	77.94%
Operating Margin	0.87%	-4.38%	-22.67%	-12.47%	-12.45%	-27.41%
Profit Margin	3.41%	-2.48%	-108.55%	-54.84%	-18.84%	-48.13%
Free Cash Flow Margin	13.02%	0.62%	10.30%	3.21%	-9.95%	-2.11%
EBITDA	0.33	-0.55	-0.06	2.82	-0.83	-1.34
EBITDA Margin	1.22%	-2.71%	-0.32%	8.89%	-2.39%	-14.52%
D&A For EBITDA	0.09	0.34	4.38	6.77	3.5	1.19
EBIT	0.23	-0.9	-4.44	-3.95	-4.34	-2.52
EBIT Margin	0.87%	-4.38%	-22.67%	-12.47%	-12.45%	-27.41%

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