Graham Income Statement

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

Millions USD. 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	237.56	209.9	185.53	157.12	122.81	97.49
Revenue Growth (YoY)	19.01%	13.13%	18.09%	27.93%	25.98%	7.60%
Cost of Revenue	179.06	157.04	145.65	131.71	113.69	77.02
Gross Profit	58.5	52.86	39.88	25.41	9.13	20.47
Selling, General & Admin	39.89	37.39	32.17	22.71	19.51	17.25
Amortization of Goodwill & Intangibles	1.74	1.75	1.37	1.1	0.91	-
Other Operating Expenses	-	-	-0.7	-	-	-
Operating Expenses	41.63	39.14	32.83	23.81	20.43	17.25
Operating Income	16.87	13.72	7.05	1.6	-11.3	3.22
Interest Expense	-	-	-0.25	-0.94	-0.4	-0.01
Interest & Investment Income	0.56	0.58	-	-	-	0.17
Other Non Operating Income (Expenses)	-0.13	-0.07	-0.07	-0.1	-0.35	-0.11
EBT Excluding Unusual Items	17.3	14.24	6.73	0.56	-12.04	3.27
Merger & Restructuring Charges	-0.05	-0.05	-0.35	-	-	-
Other Unusual Items	0.76	1.22	-0.81	-	0.83	-
Pretax Income	18.01	15.41	5.57	0.56	-11.22	3.27
Income Tax Expense	3.08	3.18	1.02	0.19	-2.44	0.89
Net Income	14.93	12.23	4.56	0.37	-8.77	2.37
Net Income to Common	14.93	12.23	4.56	0.37	-8.77	2.37
Net Income Growth	62.67%	168.44%	1141.42%	-	-	26.82%
Shares Outstanding (Basic)	11	11	11	11	11	10
Shares Outstanding (Diluted)	11	11	11	11	11	10
Shares Change (YoY)	1.12%	2.05%	1.78%	1.07%	5.84%	0.81%
EPS (Basic)	1.36	1.12	0.42	0.03	-0.83	0.24
EPS (Diluted)	1.35	1.11	0.42	0.03	-0.83	0.24
EPS Growth	62.49%	164.29%	1300.00%	-	-	25.76%
Free Cash Flow	-6.11	5.36	18.89	10.17	-4.54	-3.88
Free Cash Flow Per Share	-0.55	0.48	1.74	0.95	-0.43	-0.39
Dividend Per Share	-	-	-	-	0.330	0.440
Dividend Growth	-	-	-	-	-25.00%	2.33%
Gross Margin	24.63%	25.18%	21.50%	16.17%	7.43%	21.00%
Operating Margin	7.10%	6.54%	3.80%	1.02%	-9.20%	3.30%
Profit Margin	6.28%	5.83%	2.46%	0.23%	-7.14%	2.44%
Free Cash Flow Margin	-2.57%	2.55%	10.18%	6.47%	-3.70%	-3.98%
EBITDA	23.61	19.66	12.48	7.59	-5.7	5.16
EBITDA Margin	9.94%	9.37%	6.73%	4.83%	-4.64%	5.29%
D&A For EBITDA	6.74	5.94	5.43	5.99	5.6	1.95
EBIT	16.87	13.72	7.05	1.6	-11.3	3.22
EBIT Margin	7.10%	6.54%	3.80%	1.02%	-9.20%	3.30%
Effective Tax Rate	17.12%	20.62%	18.26%	34.58%	-	27.33%

Updated Feb 6, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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