D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS)

HEPS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	62,563	57,047	51,339	38,229	24,792	15,172
Revenue Growth (YoY)	56.77%	11.12%	34.29%	54.20%	63.41%	482.69%
Cost of Revenue	46,564	42,258	40,878	34,199	22,062	12,649
Gross Profit	15,999	14,788	10,461	4,030	2,730	2,522
Selling, General & Admin	11,605	10,512	8,361	8,036	8,009	2,817
Research & Development	689.81	740.63	595.1	436.34	204.24	75.45
Other Operating Expenses	2,240	1,470	1,051	1,705	310.01	154.47
Operating Expenses	17,004	14,771	11,703	11,397	9,160	3,349
Operating Income	-1,004	16.96	-1,242	-7,367	-6,430	-826.61
Interest Expense	-4,017	-2,866	-1,989	-809.26	-579.19	-339.74
Interest & Investment Income	3,328	3,104	1,267	777.26	248.54	94.18
Currency Exchange Gain (Loss)	334.15	334.15	2,337	2,481	5,257	32.04
Other Non Operating Income (Expenses)	-1,708	-2,322	-802.41	-1,875	-1,363	104.61
EBT Excluding Unusual Items	-3,066	-1,733	-428.98	-6,794	-2,867	-935.53
Gain (Loss) on Sale of Investments	127.62	127.62	342.92	-108.26	-116.68	-
Legal Settlements	-	-	195.11	-14.81	-346.56	-1.06
Pretax Income	-2,939	-1,605	109.05	-6,917	-3,330	-936.59
Net Income	-2,939	-1,605	109.05	-6,917	-3,330	-936.59
Net Income to Common	-2,939	-1,605	109.05	-6,917	-3,330	-936.59
Shares Outstanding (Basic)	328	328	325	326	305	284
Shares Outstanding (Diluted)	328	328	325	326	305	284
Shares Change (YoY)	2.07%	1.09%	-0.36%	6.97%	7.19%	-
EPS (Basic)	-8.96	-4.89	0.34	-21.22	-10.93	-3.29
EPS (Diluted)	-8.96	-4.89	0.34	-21.22	-10.93	-3.29
Free Cash Flow	6,096	3,687	5,581	-990.82	-692.48	852.27
Free Cash Flow Per Share	18.58	11.23	17.18	-3.04	-2.27	3.00
Gross Margin	25.57%	25.92%	20.38%	10.54%	11.01%	16.63%
Operating Margin	-1.60%	0.03%	-2.42%	-19.27%	-25.94%	-5.45%
Profit Margin	-4.70%	-2.81%	0.21%	-18.09%	-13.43%	-6.17%
Free Cash Flow Margin	9.74%	6.46%	10.87%	-2.59%	-2.79%	5.62%
EBITDA	-280.19	320.59	-976.08	-6,147	-5,793	-524.99
EBITDA Margin	-0.45%	0.56%	-1.90%	-16.08%	-23.37%	-3.46%
D&A For EBITDA	724.18	303.63	265.75	1,220	637.01	301.62
EBIT	-1,004	16.96	-1,242	-7,367	-6,430	-826.61
EBIT Margin	-1.60%	0.03%	-2.42%	-19.27%	-25.94%	-5.45%
Advertising Expenses	-	4,292	3,505	4,200	4,862	1,527

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q