Acorn Energy Income Statement

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

Millions USD. 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	12.63	10.99	8.06	7	6.78	5.92
Revenue Growth (YoY)	30.11%	36.32%	15.13%	3.31%	14.42%	7.87%
Cost of Revenue	3.16	2.99	2.06	1.93	1.88	1.79
Gross Profit	9.47	8	6	5.07	4.9	4.13
Selling, General & Admin	5.77	5.05	5.06	4.8	4.17	3.82
Research & Development	1.14	1.01	0.88	0.85	0.74	0.62
Operating Expenses	6.91	6.06	5.93	5.65	4.91	4.44
Operating Income	2.56	1.94	0.07	-0.58	-0.01	-0.31
Interest Expense	-	-	-	-0	-0.01	-0.03
Interest & Investment Income	0.11	0.07	0.06	-	-	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-0
EBT Excluding Unusual Items	2.66	2.01	0.14	-0.58	-0.01	-0.35
Asset Writedown	-	-	-	-0.05	-	-
Other Unusual Items	-	-	-	-	-	0.42
Pretax Income	2.66	2.01	0.14	-0.63	-0.01	0.08
Income Tax Expense	-4.05	-4.31	0.01	-	-	-
Earnings From Continuing Operations	6.71	6.32	0.13	-0.63	-0.01	0.08
Net Income to Company	6.71	6.32	0.13	-0.63	-0.01	0.08
Minority Interest in Earnings	-0.04	-0.03	-0.01	-0	-0.01	-0.01
Net Income	6.67	6.29	0.12	-0.63	-0.02	0.07
Net Income to Common	6.67	6.29	0.12	-0.63	-0.02	0.07
Net Income Growth	482.44%	5189.08%	-	-	-	-
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	3	3	3	2	2	2
Shares Change (YoY)	1.44%	0.36%	0.89%	0.02%	-0.06%	11.88%
EPS (Basic)	2.68	2.53	0.05	-0.26	-0.01	0.03
EPS (Diluted)	2.64	2.51	0.05	-0.26	-0.01	0.03
EPS Growth	473.47%	5139.43%	-	-	-	-
Free Cash Flow	1.95	0.9	0.07	0.03	0.13	0.46
Free Cash Flow Per Share	0.77	0.36	0.03	0.01	0.05	0.19
Gross Margin	74.95%	72.81%	74.50%	72.44%	72.30%	69.76%
Operating Margin	20.23%	17.63%	0.92%	-8.26%	-0.12%	-5.24%
Profit Margin	52.80%	57.29%	1.48%	-9.04%	-0.31%	1.17%
Free Cash Flow Margin	15.41%	8.16%	0.87%	0.44%	1.95%	7.83%
EBITDA	2.67	2.06	0.24	-0.46	0.07	-0.29
EBITDA Margin	21.14%	18.73%	2.92%	-6.51%	0.99%	-4.86%
D&A For EBITDA	0.12	0.12	0.16	0.12	0.08	0.02
EBIT	2.56	1.94	0.07	-0.58	-0.01	-0.31
EBIT Margin	20.23%	17.63%	0.92%	-8.26%	-0.12%	-5.24%
Effective Tax Rate	-	-	6.52%	-	-	-
Advertising Expenses	-	0.02	0.02	0.02	0.02	0.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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