Pivotree Income Statement

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

Millions CAD. 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	66.8	78.24	89.81	101.69	67.54
Revenue Growth (YoY)	-14.62%	-12.88%	-11.69%	50.56%	6.21%
Cost of Revenue	36.28	44.44	48.32	55.96	37.67
Gross Profit	30.52	33.8	41.48	45.73	29.88
Selling, General & Admin	22.88	31.96	37.55	42.05	33.14
Depreciation & Amortization Expenses	3.72	7.14	6.41	8.62	5.49
Research & Development	1.27	2.01	2.39	4.2	1.92
Other Operating Expenses	-1.91	3.86	1.97	1.22	1.26
Total Operating Expenses	25.96	44.98	48.33	56.09	41.81
Operating Income	4.67	-11.02	-6.84	-10.36	-11.94
Interest Income	0.11	0.15	0.22	0.06	0.21
Total Non-Operating Income (Expense)	0.11	0.15	0.22	0.06	0.21
Pretax Income	2.19	-11.17	-6.62	-10.3	-11.73
Provision for Income Taxes	0.43	0.87	0.61	-1.21	-0.13
Net Income	4.24	-11.89	-7.23	-9.09	-11.59
Net Income to Common	4.24	-11.89	-7.23	-9.09	-11.59
Shares Outstanding (Basic)	26	26	27	26	25
Shares Outstanding (Diluted)	29	26	27	26	25
Shares Change (YoY)	8.63%	-0.96%	1.62%	5.14%	146.42%
EPS (Basic)	0.16	-0.45	-0.27	-0.35	-0.47
EPS (Diluted)	0.15	-0.45	-0.27	-0.35	-0.47
Shares Outstanding	26.38	26.35	26.44	26.62	25.28
Free Cash Flow	8.89	-4.08	-3.72	-2.39	-8.74
Free Cash Flow Per Share	0.31	-0.15	-0.14	-0.09	-0.35
Gross Margin	45.69%	43.20%	46.19%	44.97%	44.23%
Operating Margin	6.99%	-14.09%	-7.62%	-10.19%	-17.67%
Profit Margin	6.34%	-15.19%	-8.05%	-8.94%	-17.16%
FCF Margin	13.31%	-5.21%	-4.14%	-2.35%	-12.93%
EBITDA	8.39	-3.88	-0.43	-1.74	-6.44
EBITDA Margin	12.55%	-4.96%	-0.48%	-1.71%	-9.54%
EBIT	4.67	-11.02	-6.84	-10.36	-11.94
EBIT Margin	6.99%	-14.09%	-7.62%	-10.19%	-17.67%
Effective Tax Rate	19.72%	-7.75%	-9.25%	11.77%	1.15%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.