Pershing Square 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Transaction-Based Revenues	767.71	762.51	455.5	512.66
Revenue	767.71	762.51	455.5	512.66
Revenue Growth (YoY)	68.47%	67.40%	-11.15%	-
Cost of Revenue	561.56	556.89	421.6	244.66
Gross Profit	206.15	205.62	33.9	268
Selling, General & Admin	47.93	42.07	50.81	22.65
Depreciation & Amortization Expenses	2.3	2.3	2.78	2.76
Operating Income	155.93	161.25	-19.69	242.59
Interest Income	7.08	16.91	28.51	0.74
Interest Expense	-2.23	-2.3	-3.1	-7.07
Other Non-Operating Income (Expense)	-37.24	128.16	12.65	15.63
Total Non-Operating Income (Expense)	-32.39	142.77	38.07	9.3
Pretax Income	124.72	304.02	18.38	251.89
Provision for Income Taxes	21.37	22.31	15.99	18.17
Net Income	103.35	281.71	2.39	233.72
Minority Interest in Earnings	20.9	31.93	16.54	24.26
Net Income to Common	82.46	249.78	-14.15	209.46
Net Income Growth	-	-	-	-
Free Cash Flow	-	-134.68	292.92	83.78
Free Cash Flow Growth	-	-	249.62%	-
Gross Margin	26.85%	26.97%	7.44%	52.28%
Operating Margin	20.31%	21.15%	-4.32%	47.32%
Profit Margin	13.46%	36.95%	0.52%	45.59%
FCF Margin	-	-17.66%	64.31%	16.34%
EBITDA	155.93	163.55	-16.91	245.35
EBITDA Margin	20.31%	21.45%	-3.71%	47.86%
EBIT	155.93	161.25	-19.69	242.59
EBIT Margin	20.31%	21.15%	-4.32%	47.32%
Effective Tax Rate	17.14%	7.34%	86.99%	7.21%

SEC Filings: 10-K · 10-Q