Bullish Income Statement

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

Millions USD. 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
Operating Revenue	78.3	144.04	75.79	92.89	0.29
Other Revenue	158.94	14.44	12.49	5.09	-
Revenue	237.24	158.48	88.28	97.98	0.29
Revenue Growth (YoY)	49.70%	79.52%	-9.90%	33339.93%	-
Gross Profit	237.24	158.48	88.28	97.98	0.29
Selling, General & Admin	182.19	156.12	106.21	131.76	212.35
Other Operating Expenses	237.95	-164.92	-1,319	4,088	1,064
Operating Expenses	420.14	-8.8	-1,213	4,220	1,276
Operating Income	-182.9	167.28	1,301	-4,122	-1,276
Interest Expense	-52.37	-38.53	-2.98	-6.09	-126.84
Interest & Investment Income	-	-	-	-	1.51
Currency Exchange Gain (Loss)	-	-	-	-	-0.05
Other Non Operating Income (Expenses)	-17.67	-72.68	-0.65	-116.63	-
EBT Excluding Unusual Items	-252.94	56.07	1,298	-4,245	-1,401
Gain (Loss) on Sale of Investments	-36.03	29.45	3.67	-	-
Asset Writedown	-497.44	-0.96	-	-	-
Pretax Income	-786.41	84.57	1,301	-4,245	-1,401
Income Tax Expense	-0.94	5.01	1.46	1.2	0.26
Earnings From Continuing Operations	-785.47	79.56	1,300	-4,246	-1,401
Minority Interest in Earnings	20.79	-1.04	-0.85	-	-
Net Income	-764.68	78.53	1,299	-4,246	-1,401
Net Income to Common	-764.68	78.53	1,299	-4,246	-1,401
Net Income Growth	-	-93.96%	-	-	-
Shares Outstanding (Basic)	128	113	113	113	113
Shares Outstanding (Diluted)	128	115	122	113	113
Shares Change (YoY)	10.68%	-5.55%	8.61%	-	6898.48%
EPS (Basic)	-5.99	0.70	11.55	-37.74	-12.46
EPS (Diluted)	-5.99	0.68	10.64	-37.74	-12.46
EPS Growth	-	-93.61%	-	-	-
Free Cash Flow	-	-30.37	-127.63	193.64	-123.03
Free Cash Flow Per Share	-	-0.26	-1.04	1.72	-1.09
Dividend Per Share	-	-	-	-	3.300
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-77.09%	105.55%	1474.18%	-4206.98%	-435362.12%
Profit Margin	-322.32%	49.55%	1471.61%	-4333.46%	-478241.30%
Free Cash Flow Margin	-	-19.16%	-144.58%	197.63%	-41990.44%
EBITDA	-174.74	171.11	1,303	-4,118	-1,275
EBITDA Margin	-73.66%	107.97%	1476.03%	-	-
D&A For EBITDA	8.16	3.83	1.63	3.6	0.2
EBIT	-182.9	167.28	1,301	-4,122	-1,276
EBIT Margin	-77.09%	105.55%	1474.18%	-	-
Effective Tax Rate	-	5.92%	0.11%	-	-
Advertising Expenses	-	3	2	9	6.67

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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