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	Mar '26 Mar 28, 2026	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	-	15.74%	21.87%	-
Cost of Revenue	200.71	201.62	155.55	129.19
Gross Profit	332.61	305.49	282.61	230.34
Selling, General & Admin	312.47	276.67	229.95	192.76
Operating Expenses	312.47	276.67	229.95	192.76
Operating Income	20.14	28.82	52.66	37.58
Interest Expense	-13.69	-14.57	-10.71	-
Interest & Investment Income	1.5	1.84	3	1.05
Other Non Operating Income (Expenses)	0.59	0.77	0.73	0.12
Pretax Income	8.28	16.86	45.68	38.75
Income Tax Expense	2.24	4.22	12.75	14.87
Net Income	6.04	12.64	32.93	23.89
Net Income to Common	6.04	12.64	32.93	23.89
Net Income Growth	-	-61.62%	37.86%	-
Shares Outstanding (Basic)	50	50	54	62
Shares Outstanding (Diluted)	51	51	55	62
Shares Change	-	-6.20%	-11.88%	-
EPS (Basic)	0.12	0.25	0.61	0.39
EPS (Diluted)	0.12	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	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Free Cash Flow	-9.21	-17.87	18.12	24.12
Free Cash Flow Per Share	-0.18	-0.35	0.33	0.39
Gross Margin	62.37%	60.24%	64.50%	64.07%
Operating Margin	3.77%	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%
EBITDA	34.61	41.99	62.76	46.06
EBITDA Margin	6.49%	8.28%	14.32%	12.81%
D&A For EBITDA	14.48	13.17	10.1	8.48
EBIT	20.14	28.82	52.66	37.58
EBIT Margin	3.77%	5.68%	12.02%	10.45%
Effective Tax Rate	27.05%	25.03%	27.91%	38.36%
Advertising Expenses	-	43.3	37	32.3

SEC Filings: 10-K · 10-Q