Grayscale Investments, Inc. (GRAY)

Grayscale Investments Income Statement

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

Year Ending	TTM	Dec 31, 2024	Dec 31, 2023
Revenue	426.96	506.16	512.71
Revenue Growth (YoY)	-	-1.28%	-
Gross Profit	426.96	506.16	512.71
Selling, General & Admin	-	52.04	29.83
Other Operating Expenses	0	88.75	70.33
Operating Expenses	-	140.79	100.16
Operating Income	277.15	365.37	412.54
Other Expense / Income	-4.46	-6.36	-20.04
Pretax Income	281.62	371.73	432.59
Income Tax	19.89	89.58	107.63
Net Income	261.73	282.15	324.95
Net Income Growth	-	-13.17%	-
Free Cash Flow	244.79	288.56	150.84
Gross Margin	100.00%	100.00%	100.00%
Operating Margin	64.91%	72.18%	80.46%
Profit Margin	61.30%	55.74%	63.38%
Free Cash Flow Margin	57.33%	57.01%	29.42%
Effective Tax Rate	7.06%	24.10%	24.88%
EBITDA	282.35	372.43	432.87
EBITDA Margin	66.13%	73.58%	84.43%
Depreciation & Amortization	0.73	0.7	0.28
EBIT	281.62	371.73	432.59
EBIT Margin	65.96%	73.44%	84.37%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).