The Westaim Corporation Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	63.13	53.37	17.04	8.63	10.68	2.36
Revenue Growth (YoY)	240.87%	213.19%	97.51%	-19.24%	353.59%	-90.53%
Cost of Revenue	11.31	4.7	-	-	-	-
Gross Profit	51.82	48.66	17.04	8.63	10.68	2.36
Selling, General & Admin	128.05	99.35	54.71	24.99	8.07	7.38
Depreciation & Amortization Expenses	5.17	4.96	-	-	-	-
Other Operating Expenses	2.86	1.85	3.33	0.6	-0.08	-3.2
Total Operating Expenses	136.08	106.16	58.03	25.59	7.99	4.18
Operating Income	-84.26	-57.5	-41	-16.97	2.69	-1.83
Interest Expense	-1.31	-0.67	-	-1.01	-1.9	-1.99
Other Non-Operating Income (Expense)	-2.8	-11.79	-144.09	0.1	0.06	0.88
Total Non-Operating Income (Expense)	-4.11	-12.46	-144.09	-0.91	-1.84	-1.11
Pretax Income	-68.58	-43.98	-19.48	186.28	17.6	28.43
Provision for Income Taxes	-7.1	-8.41	-3.31	2.3	-0.36	0.22
Net Income	-33.35	-35.56	-16.18	183.98	17.96	28.21
Minority Interest in Earnings	2.44	2.44	-	-	-	-
Net Income to Common	-33.35	-35.56	-16.18	183.98	17.96	28.21
Net Income Growth	-	-	-	924.34%	-36.33%	-
Shares Outstanding (Basic)	33	30	21	23	23	24
Shares Outstanding (Diluted)	33	30	21	23	25	25
Shares Change (YoY)	56.90%	42.09%	-7.84%	-6.64%	0.81%	3.59%
EPS (Basic)	-1.92	-1.25	-0.75	7.98	0.78	1.20
EPS (Diluted)	-1.92	-1.25	-0.75	7.90	0.72	1.14
EPS Growth	-	-	-	997.22%	-36.84%	-
Shares Outstanding	33.26	33.33	21.71	21.96	23.56	23.78
Free Cash Flow	29.94	-12.73	-46.57	-3.09	-2.46	-5.13
Free Cash Flow Per Share	0.90	-0.42	-2.17	-0.13	-0.10	-0.21
Gross Margin	82.09%	91.19%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-133.47%	-107.75%	-240.59%	-196.65%	25.20%	-77.54%
Profit Margin	-97.40%	-66.64%	-94.94%	2132.63%	168.14%	1197.88%
FCF Margin	47.42%	-23.85%	-273.34%	-35.84%	-23.03%	-217.75%
EBITDA	-77.21	-52.54	-40.87	-16.83	2.83	-1.68
EBITDA Margin	-122.30%	-98.45%	-239.87%	-195.06%	26.52%	-71.38%
EBIT	-84.26	-57.5	-41	-16.97	2.69	-1.83
EBIT Margin	-133.47%	-107.75%	-240.59%	-196.65%	25.20%	-77.54%
Effective Tax Rate	10.35%	19.13%	16.97%	1.23%	-2.03%	0.78%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.