MATH 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	Sep '25 Sep 30, 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	36.87	44.57	16.76	5.69	0.12	-
Revenue Growth (YoY)	17.42%	165.86%	194.51%	4538.59%	-	-
Cost of Revenue	-8.63	23.26	11.14	3.67	0.08	-
Gross Profit	45.49	21.3	5.63	2.02	0.05	-
Selling, General & Admin	12.25	3.86	4.3	3.58	3.3	0.64
Other Operating Expenses	12.56	5.54	10.34	13.75	9.36	-
Total Operating Expenses	24.81	9.41	14.64	17.33	12.66	0.64
Operating Income	20.68	11.9	-9.01	-15.31	-12.61	-0.64
Interest Income	0.02	-	-	-	-	-
Interest Expense	-0.01	-0.08	-0	-0.01	-1.94	-1.61
Other Non-Operating Income (Expense)	0.79	0.21	1.04	0.04	0.03	-0.06
Total Non-Operating Income (Expense)	0.8	0.14	1.04	0.03	-1.91	-1.67
Pretax Income	6.65	15.89	-3.68	-11.7	-11.23	-2.31
Provision for Income Taxes	-0.32	-	-	0.22	0.01	-
Net Income	6.96	15.78	-3.68	-20.56	-14.44	-5.15
Minority Interest in Earnings	-	-	-	-19.78	0.03	-0.06
Net Income to Common	6.96	15.78	-3.68	-20.56	-14.44	-5.15
Net Income Growth	11.92%	-	-	-	-	-
Shares Outstanding (Basic)	40	39	35	27	18	12
Shares Outstanding (Diluted)	40	39	35	27	18	12
Shares Change (YoY)	7.88%	11.07%	28.59%	47.50%	57.07%	2.00%
EPS (Basic)	0.18	0.41	-0.11	-0.76	-0.79	-0.45
EPS (Diluted)	0.18	0.41	-0.11	-0.76	-0.79	-0.45
EPS Growth	5.88%	-	-	-	-	-
Free Cash Flow	18.65	0.02	-11.6	-1.14	-4.79	-3.1
Free Cash Flow Growth	75470.46%	-	-	-	-	-
Free Cash Flow Per Share	0.46	0.00	-0.33	-0.04	-0.26	-0.27
Gross Margin	171.75%	47.80%	33.57%	35.50%	38.24%	-
Operating Margin	-34.65%	26.69%	-53.76%	-268.94%	-10276.06%	-
Profit Margin	57.93%	35.66%	-21.95%	-354.31%	-11757.73%	-
FCF Margin	155.15%	0.06%	-69.20%	-20.09%	-3907.54%	-
EBITDA	-3.99	12.06	-8.92	-15.21	-12.6	-0.64
EBITDA Margin	-33.15%	27.06%	-53.23%	-267.19%	-10268.09%	-
EBIT	20.68	11.9	-9.01	-15.31	-12.61	-0.64
EBIT Margin	-34.65%	26.69%	-53.76%	-268.94%	-10276.06%	-
Effective Tax Rate	-4.75%	0.00%	0.00%	-1.86%	-0.07%	0.00%

Updated Feb 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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