Path Corporation Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	2,371	2,253	2,320	1,991	2,114	2,208
Revenue Growth (YoY)	6.56%	-2.89%	16.52%	-5.82%	-4.26%	-11.07%
Cost of Revenue	1,137	1,080	1,219	1,020	1,016	1,136
Gross Profit	1,234	1,173	1,101	971	1,098	1,072
Selling, General & Admin	1,811	1,382	1,273	1,192	1,777	1,621
Other Operating Expenses	-	-	-	-	-	-10
Operating Expenses	1,811	1,382	1,273	1,192	1,764	1,611
Operating Income	-577	-209	-172	-221	-666	-539
Interest Expense	-4	-2	-	-1	-3	-
Other Non Operating Income (Expenses)	-1	-18	3	-3	-68	2
EBT Excluding Unusual Items	-582	-229	-169	-225	-737	-537
Gain (Loss) on Sale of Assets	6	-	-	-	-	-
Asset Writedown	-11	-11	-7	-28	-5	-
Other Unusual Items	-11	-29	15	-	-	-
Pretax Income	-598	-269	-161	-253	-742	-537
Income Tax Expense	3	7	14	3	3	1
Earnings From Continuing Operations	-601	-276	-175	-256	-745	-538
Net Income	-601	-276	-175	-256	-745	-538
Net Income to Common	-601	-276	-175	-256	-745	-538
Shares Outstanding (Basic)	75	63	53	47	36	29
Shares Outstanding (Diluted)	75	63	53	47	36	29
Shares Change (YoY)	26.83%	19.39%	13.43%	31.63%	21.44%	3.79%
EPS (Basic)	-8.01	-4.35	-3.29	-5.46	-20.93	-18.35
EPS (Diluted)	-8.01	-4.35	-3.29	-5.46	-20.93	-18.35
Free Cash Flow	-	-1,057	-158	-467	-855	-536
Free Cash Flow Per Share	-	-16.66	-2.97	-9.97	-24.02	-18.29
Gross Margin	52.05%	52.06%	47.46%	48.77%	51.94%	48.55%
Operating Margin	-24.34%	-9.28%	-7.41%	-11.10%	-31.50%	-24.41%
Profit Margin	-25.35%	-12.25%	-7.54%	-12.86%	-35.24%	-24.37%
Free Cash Flow Margin	-	-46.91%	-6.81%	-23.46%	-40.45%	-24.27%
EBITDA	-525.5	-165	-138	-196	-637	-523
EBITDA Margin	-22.16%	-7.32%	-5.95%	-9.84%	-30.13%	-23.69%
D&A For EBITDA	51.5	44	34	25	29	16
EBIT	-577	-209	-172	-221	-666	-539
EBIT Margin	-24.34%	-9.28%	-7.41%	-11.10%	-31.50%	-24.41%
Advertising Expenses	-	274	253	202	629	494

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