Motive Technologies, Inc. (MTVE)

Motive Technologies Income Statement

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

Year Ending	TTM	Dec 31, 2024	Dec 31, 2023
Revenue	428.85	370.45	310.31
Revenue Growth (YoY)	-	19.38%	-
Cost of Revenue	-	111.9	91.16
Gross Profit	300.03	258.55	219.15
Selling, General & Admin	-	267.54	202.56
Research & Development	-	98.72	94.37
Other Operating Expenses	0	4.2	11.42
Operating Expenses	-	370.46	308.35
Operating Income	-110.26	-111.91	-89.2
Other Expense (Income)	66.39	40.33	18.96
Pretax Income	-251.45	-152.23	-108.17
Income Tax	0.94	0.75	0.6
Net Income	-177.59	-152.99	-108.77
Free Cash Flow	-78.74	-80.13	-109.92
Gross Margin	69.96%	69.79%	70.62%
Operating Margin	-25.71%	-30.21%	-28.75%
Profit Margin	-58.85%	-41.30%	-35.05%
Free Cash Flow Margin	-18.36%	-21.63%	-35.42%
EBITDA	-91.9	-140.7	-96.53
EBITDA Margin	-21.43%	-37.98%	-31.11%
Depreciation & Amortization	9.95	11.53	11.64
EBIT	-101.85	-152.23	-108.17
EBIT Margin	-23.75%	-41.09%	-34.86%

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