IPM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	23.61	1.1	0.96	10.99	13.27
Revenue Growth (YoY)	2049.95%	14.16%	-91.25%	-17.21%	3.44%
Cost of Revenue	11.27	0.26	0.28	2.82	2.72
Gross Profit	12.34	0.84	0.68	8.17	10.55
Selling, General & Admin	10.55	4.86	4.16	5.88	3.88
Depreciation & Amortization Expenses	2.54	0.82	-	-	-
Research & Development	-	-	0.21	5.93	5.39
Other Operating Expenses	3.97	0.28	-	0.01	0.77
Total Operating Expenses	17.06	5.96	4.37	11.82	10.03
Operating Income	-4.72	-5.12	-3.7	-3.66	0.52
Interest Income	0.34	0.57	0.64	0.07	0
Other Non-Operating Income (Expense)	0.1	0.15	0.34	-	0.81
Total Non-Operating Income (Expense)	0.44	0.72	0.98	0.07	0.81
Pretax Income	-4.28	-4.41	-2.71	-3.58	1.33
Provision for Income Taxes	-2.33	-0.14	-0.03	-0.17	0.01
Net Income	-1.96	-8.43	-1.07	-3.41	1.32
Earnings From Discontinued Operations	-	-4.16	1.62	-	-
Net Income to Common	-1.96	-8.43	-1.07	-3.41	1.32
Net Income Growth	-	-	-	-	-3.44%
Shares Outstanding (Basic)	13	9	9	10	8
Shares Outstanding (Diluted)	13	9	9	10	8
Shares Change (YoY)	42.48%	0.05%	-4.32%	23.43%	13.38%
EPS (Basic)	-0.15	-0.91	-0.29	-0.35	0.17
EPS (Diluted)	-0.15	-0.91	-0.29	-0.35	0.17
EPS Growth	-	-	-	-	-15.00%
Shares Outstanding	9.09	9.24	9.22	9.23	9.83
Free Cash Flow	1.87	-6.04	-2.16	-2.96	1,265
Free Cash Flow Growth	-	-	-	-	88066.93%
Free Cash Flow Per Share	0.14	-0.65	-0.23	-0.31	162.05
Gross Margin	52.26%	76.06%	70.39%	74.31%	79.51%
Operating Margin	-19.99%	-466.32%	-384.35%	-33.29%	3.91%
Profit Margin	-8.29%	-388.67%	-279.31%	-31.05%	9.98%
FCF Margin	7.93%	-549.82%	-224.46%	-26.90%	9533.51%
EBITDA	-2.18	-4.3	-2.88	-2.99	371.36
EBITDA Margin	-9.22%	-391.51%	-298.88%	-27.19%	2797.72%
EBIT	-4.72	-5.12	-3.7	-3.66	0.52
EBIT Margin	-19.99%	-466.32%	-384.35%	-33.29%	3.91%
Effective Tax Rate	54.32%	3.12%	1.03%	4.79%	0.75%

Updated Mar 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q