MSC Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	709.57	694.57	639.15	445.54	11.55	106.87
Revenue Growth (YoY)	9.05%	8.67%	43.45%	3758.14%	-89.19%	117.18%
Cost of Revenue	226.52	226.63	222.54	171.12	72.96	76.22
Gross Profit	483.05	467.94	416.6	274.42	-61.41	30.65
Selling, General & Admin	188.37	183.39	171.27	115.2	79.79	87.58
Depreciation & Amortization Expenses	211.33	212.02	205.06	169.4	126.96	127.63
Other Operating Expenses	0.54	2.5	2.13	18.86	9.06	7.02
Total Operating Expenses	400.24	397.9	378.46	303.46	215.8	222.23
Operating Income	82.81	70.04	38.15	-29.04	-277.22	-191.57
Interest Income	0.81	0.91	4.06	10.68	6.43	3.06
Interest Expense	-125.52	-128.11	-134.19	-129.98	-92.78	-91.39
Other Non-Operating Income (Expense)	6.93	0.46	-6.5	2.19	2.64	-22.56
Total Non-Operating Income (Expense)	-117.78	-126.73	-136.63	-117.12	-83.71	-110.89
Pretax Income	-34.98	-56.69	-98.48	-146.17	-360.93	-302.46
Provision for Income Taxes	-8.72	-7.61	-7.35	0.08	-0.38	0.46
Net Income	-39.94	-58.77	-96.73	-133.52	-326.45	-252.56
Minority Interest in Earnings	-3.76	-5.53	-9.11	-12.57	-34.86	-49.45
Net Income to Common	-39.94	-58.77	-96.73	-133.52	-326.45	-252.56
Shares Outstanding (Basic)	193	193	193	193	178	93
Shares Outstanding (Diluted)	193	193	193	193	196	93
Shares Change (YoY)	-	-	-	-1.63%	111.45%	0.82%
EPS (Basic)	-0.22	-0.30	-0.50	-0.69	-1.84	-2.73
EPS (Diluted)	-0.22	-0.30	-0.50	-0.69	-1.84	-2.73
Shares Outstanding	192.59	192.59	192.59	770.35	770.35	370.35
Free Cash Flow	-	148.35	103.14	-175.72	-630.9	-537.21
Free Cash Flow Growth	-	43.83%	-	-	-	-
Free Cash Flow Per Share	-	0.77	0.54	-0.91	-3.22	-5.80
Gross Margin	68.08%	67.37%	65.18%	61.59%	-531.81%	28.68%
Operating Margin	11.67%	10.08%	5.97%	-6.52%	-2400.55%	-179.26%
Profit Margin	-6.16%	-9.26%	-16.56%	-32.79%	-3128.74%	-282.59%
FCF Margin	-	21.36%	16.14%	-39.44%	-5463.29%	-502.68%
EBITDA	82.81	282.05	243.21	140.36	-150.26	-63.94
EBITDA Margin	11.67%	40.61%	38.05%	31.50%	-1301.18%	-59.83%
EBIT	82.81	70.04	38.15	-29.04	-277.22	-191.57
EBIT Margin	11.67%	10.08%	5.97%	-6.52%	-2400.55%	-179.26%
Effective Tax Rate	24.93%	13.42%	7.47%	-0.06%	0.11%	-0.15%

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q