Frontline 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	2,251	1,965	2,050	1,802	1,430	749.38
Revenue Growth (YoY)	18.51%	-4.16%	13.77%	26.01%	90.85%	-38.64%
Cost of Revenue	994.57	992.59	1,006	795.13	781.33	560.55
Gross Profit	1,257	972.51	1,045	1,007	648.88	188.83
Selling, General & Admin	63.94	51.37	36.09	53.53	47.37	26.42
Depreciation & Amortization Expenses	323.2	328.46	339.03	230.94	165.17	165.21
Other Operating Expenses	-220.93	-6.07	-112.12	-24.08	-8.04	-4.06
Total Operating Expenses	166.21	373.76	263	260.39	204.5	187.57
Operating Income	1,091	598.75	781.71	746.67	445.62	8.48
Interest Income	28.53	21.18	20.03	58.3	17.3	17.76
Interest Expense	-210.66	-233.23	-295.09	-171.34	-45.33	-44.24
Other Non-Operating Income (Expense)	0.92	-1.6	-3.41	22.99	58.36	7.68
Total Non-Operating Income (Expense)	-181.21	-213.65	-278.46	-90.05	30.33	-18.8
Pretax Income	909.5	385.1	503.25	656.62	475.95	-10.33
Provision for Income Taxes	4.59	6.02	7.67	0.21	0.41	4.63
Net Income	904.91	379.08	495.58	656.41	475.54	-14.96
Net Income to Common	904.91	379.08	495.58	656.41	475.54	-14.96
Net Income Growth	160.00%	-23.51%	-24.50%	38.04%	-	-
Shares Outstanding (Basic)	223	223	223	223	214	199
Shares Outstanding (Diluted)	223	223	223	223	214	199
Shares Change (YoY)	-	-	-	4.02%	7.56%	0.58%
EPS (Basic)	4.06	1.70	2.23	2.95	2.22	-0.08
EPS (Diluted)	4.06	1.70	2.23	2.95	2.22	-0.08
EPS Growth	160.26%	-23.77%	-24.41%	32.88%	-	-
Shares Outstanding	222.62	222.62	222.62	222.62	222.62	203.53
Free Cash Flow	663.55	669.93	-178.84	-775.24	49.52	-388.5
Free Cash Flow Growth	-0.95%	-	-	-	-	-
Free Cash Flow Per Share	2.98	3.01	-0.80	-3.48	0.23	-1.95
Dividends Per Share	3.130	1.760	1.780	2.170	1.220	-
Dividend Growth	77.84%	-1.12%	-17.97%	77.87%	-	-
Gross Margin	55.83%	49.49%	50.95%	55.88%	45.37%	25.20%
Operating Margin	48.44%	30.47%	38.13%	41.43%	31.16%	1.13%
Profit Margin	40.19%	19.29%	24.17%	36.42%	33.25%	-2.00%
FCF Margin	29.47%	34.09%	-8.72%	-43.02%	3.46%	-51.84%
EBITDA	1,091	927.21	1,121	977.61	610.79	173.68
EBITDA Margin	48.44%	47.18%	54.66%	54.25%	42.71%	23.18%
EBIT	1,091	598.75	781.71	746.67	445.62	8.48
EBIT Margin	48.44%	30.47%	38.13%	41.43%	31.16%	1.13%
Effective Tax Rate	0.50%	1.56%	1.52%	0.03%	0.09%	-44.86%

Updated May 22, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q