Morpho Income Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	3,359	3,300	2,383	1,997	1,730
Revenue Growth (YoY)	1.79%	38.48%	19.33%	15.43%	-16.55%
Cost of Revenue	1,516	1,401	1,026	1,045	864
Gross Profit	1,843	1,899	1,357	952	866
Selling, General & Admin	1,254	1,263	1,145	1,061	1,195
Research & Development	545	377	457	479	553
Operating Expenses	1,797	1,642	1,601	1,540	1,748
Operating Income	46	257	-244	-588	-882
Interest Expense	-	-1	-	-1	-
Interest & Investment Income	9	3	-	2	10
Earnings From Equity Investments	23	38	12	9	14
Currency Exchange Gain (Loss)	-31	-11	18	60	12
Other Non Operating Income (Expenses)	25	12	21	7	6
EBT Excluding Unusual Items	72	298	-193	-511	-840
Gain (Loss) on Sale of Investments	-	-	-	-	12
Gain (Loss) on Sale of Assets	1	-	-	-	1
Asset Writedown	-	-1	-66	-92	-38
Other Unusual Items	1	-	-	-	-
Pretax Income	74	297	-259	-603	-865
Income Tax Expense	151	-4	41	65	-68
Earnings From Continuing Operations	-77	301	-300	-668	-797
Minority Interest in Earnings	-	-	-	-	4
Net Income	-77	301	-300	-668	-793
Net Income to Common	-77	301	-300	-668	-793
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	1.89%	0.31%	-0.21%	-4.80%	0.21%
EPS (Basic)	-14.69	58.50	-58.49	-129.97	-146.89
EPS (Diluted)	-14.69	58.50	-58.49	-129.97	-146.89
Free Cash Flow	-36	194	-326	-463	-677
Free Cash Flow Per Share	-6.87	37.71	-63.56	-90.08	-125.40
Gross Margin	54.87%	57.55%	56.95%	47.67%	50.06%
Operating Margin	1.37%	7.79%	-10.24%	-29.44%	-50.98%
Profit Margin	-2.29%	9.12%	-12.59%	-33.45%	-45.84%
Free Cash Flow Margin	-1.07%	5.88%	-13.68%	-23.18%	-39.13%
EBITDA	130	285	-214	-460	-752
EBITDA Margin	3.87%	8.64%	-8.98%	-23.04%	-43.47%
D&A For EBITDA	84	28	30	128	130
EBIT	46	257	-244	-588	-882
EBIT Margin	1.37%	7.79%	-10.24%	-29.44%	-50.98%
Effective Tax Rate	204.05%	-	-	-	-

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