Reformation Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Revenue	533.31	507.1	438.16	359.52
Revenue Growth (YoY)	-	15.74%	21.87%	-
Cost of Revenue	-	201.62	155.55	129.19
Gross Profit	332.61	305.49	282.61	230.34
Selling, General & Admin	-	276.67	229.95	192.76
Operating Expenses	-	276.67	229.95	192.76
Operating Income	19.89	28.82	52.66	37.58
Interest Expense (Income)	12.2	12.73	7.71	1.05
Other Expense (Income)	-0.59	-0.77	-0.73	-2.23
Pretax Income	8.28	16.86	45.68	38.75
Income Tax	2.24	4.22	12.75	14.87
Net Income	6.04	12.64	32.93	23.89
Net Income Growth	-	-61.62%	37.86%	-
Free Cash Flow	-9.21	-17.87	18.12	24.12
Gross Margin	62.37%	60.24%	64.50%	64.07%
Operating Margin	3.73%	5.68%	12.02%	10.45%
Profit Margin	1.13%	2.49%	7.52%	6.64%
Free Cash Flow Margin	-1.73%	-3.52%	4.13%	6.71%
Effective Tax Rate	27.05%	25.03%	27.91%	38.36%
EBITDA	36.06	43.89	64.24	48.28
EBITDA Margin	6.76%	8.65%	14.66%	13.43%
Depreciation & Amortization	15.59	14.3	10.86	8.48
EBIT	20.48	29.59	53.39	39.8
EBIT Margin	3.84%	5.83%	12.18%	11.07%