Reformation 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	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Revenue	563.47	507.1	438.16	359.52
Revenue Growth	-	15.74%	21.87%	-
Cost of Revenue	218.12	201.62	155.55	129.19
Gross Profit	345.36	305.49	282.61	230.34
Selling, General & Admin	330.21	276.67	229.95	192.76
Operating Expenses	330.21	276.67	229.95	192.76
Operating Income	15.14	28.82	52.66	37.58
Interest Expense	-13.2	-14.57	-10.71	-
Interest & Investment Income	1.27	1.84	3	1.05
Other Non Operating Income (Expenses)	1.72	0.77	0.73	0.12
Pretax Income	16.11	16.86	45.68	38.75
Income Tax Expense	4.58	4.22	12.75	14.87
Net Income	11.53	12.64	32.93	23.89
Net Income to Common	11.53	12.64	32.93	23.89
Net Income Growth	-	-61.62%	37.86%	-
Shares Outstanding (Basic)	50	50	54	62
Shares Outstanding (Diluted)	52	51	55	62
Shares Change	-	-6.20%	-11.88%	-
EPS (Basic)	0.23	0.25	0.61	0.39
EPS (Diluted)	0.22	0.25	0.60	0.38
EPS Growth	-	-59.07%	56.44%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Free Cash Flow	4.21	-17.87	18.12	24.12
Free Cash Flow Per Share	0.08	-0.35	0.33	0.39
Gross Margin	61.29%	60.24%	64.50%	64.07%
Operating Margin	2.69%	5.68%	12.02%	10.45%
Profit Margin	2.05%	2.49%	7.52%	6.64%
Free Cash Flow Margin	0.75%	-3.52%	4.13%	6.71%
EBITDA	30.85	41.99	62.76	46.06
EBITDA Margin	5.47%	8.28%	14.32%	12.81%
D&A For EBITDA	15.7	13.17	10.1	8.48
EBIT	15.14	28.82	52.66	37.58
EBIT Margin	2.69%	5.68%	12.02%	10.45%
Effective Tax Rate	28.41%	25.03%	27.91%	38.36%
Advertising Expenses	-	43.3	37	32.3

SEC Filings: 10-K · 10-Q