Bullish 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	216,584	244,970	250,263	116,508	72,895	1,323
Revenue Growth (YoY)	-13.40%	-2.11%	114.80%	59.83%	5409.52%	-
Cost of Revenue	216,316	244,733	250,105	116,419	72,797	1,321
Gross Profit	267.91	237.24	158.48	88.28	97.98	1.8
Selling, General & Admin	183.28	182.19	153.12	104.21	122.76	205.69
Other Operating Expenses	90.89	60.43	46.08	34.47	52.89	26.51
Total Operating Expenses	274.17	242.61	199.2	138.68	175.64	232.2
Operating Income	-6.27	-5.37	-40.72	-50.39	-77.67	-230.39
Interest Expense	-56.22	-52.37	-38.53	-2.98	-6.09	-0.04
Other Non-Operating Income (Expense)	-979.72	-728.67	163.82	1,355	-4,161	-1,171
Total Non-Operating Income (Expense)	-1,036	-781.04	125.29	1,352	-4,167	-1,171
Pretax Income	-1,042	-786.41	84.57	1,301	-4,245	-1,401
Provision for Income Taxes	-0.5	-0.94	5.01	1.46	1.2	0.26
Net Income	-1,026	-764.68	78.53	1,299	-4,246	2,424
Minority Interest in Earnings	-16.16	-20.79	1.04	0.85	-	-
Net Income to Common	-1,026	-764.68	78.53	1,299	-4,246	2,424
Net Income Growth	-	-	-93.96%	-	-	-
Shares Outstanding (Basic)	137	128	113	113	113	113
Shares Outstanding (Diluted)	140	128	115	122	113	113
Shares Change (YoY)	22.27%	10.68%	-5.55%	8.61%	-	-
EPS (Basic)	-6.49	-5.99	0.70	11.55	-37.74	-12.46
EPS (Diluted)	-6.55	-5.99	0.68	10.63	-37.74	-12.46
EPS Growth	-	-	-93.60%	-	-	-
Shares Outstanding	150.83	150.83	113.22	112.5	-	-
Free Cash Flow	112.99	18.7	-30.37	-127.63	193.64	-119.44
Free Cash Flow Growth	504.18%	-	-	-	-	-
Free Cash Flow Per Share	0.81	0.15	-0.26	-1.04	1.72	-1.06
Dividends Per Share	-	-	-	-	-	3.300
Gross Margin	0.12%	0.10%	0.06%	0.08%	0.13%	0.14%
Operating Margin	-0.00%	-0.00%	-0.02%	-0.04%	-0.11%	-17.41%
Profit Margin	-0.48%	-0.32%	0.03%	1.12%	-5.82%	-105.91%
FCF Margin	0.05%	0.01%	-0.01%	-0.11%	0.27%	-9.03%
EBITDA	0.91	1.7	-32.17	-44.97	-74.06	-229.92
EBITDA Margin	0.00%	0.00%	-0.01%	-0.04%	-0.10%	-17.38%
EBIT	-6.27	-5.37	-40.72	-50.39	-77.67	-230.39
EBIT Margin	-0.00%	-0.00%	-0.02%	-0.04%	-0.11%	-17.41%
Effective Tax Rate	0.05%	0.12%	5.92%	0.11%	-0.03%	-0.02%

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

SEC Filings: 10-K · 10-Q