Varsal Tech, Inc. (VAT)

Varsal Tech Income Statement

Financials in millions USD. Fiscal year is October - September.

Year Ending	TTM	Sep 30, 2025	Sep 30, 2024
Revenue	19.27	22.93	14.56
Revenue Growth (YoY)	-	57.54%	-
Cost of Revenue	-	14.63	10.76
Gross Profit	9.72	8.3	3.79
Selling, General & Admin	-	1.24	0.95
Operating Expenses	-	1.24	0.95
Operating Income	7.9	7.05	2.85
Interest Expense (Income)	-0.05	-0.06	-0.05
Other Expense (Income)	-0	-0	-
Pretax Income	7.96	7.11	2.9
Net Income	7.45	7.11	2.9
Net Income Growth	-	145.52%	-
Free Cash Flow	9.25	7.38	2.85
Gross Margin	50.43%	36.19%	26.06%
Operating Margin	41.01%	30.76%	19.55%
Profit Margin	38.68%	31.03%	19.91%
Free Cash Flow Margin	48.02%	32.18%	19.55%
EBITDA	7.93	7.08	2.87
EBITDA Margin	41.13%	30.86%	19.70%
Depreciation & Amortization	0.02	0.02	0.02
EBIT	7.9	7.06	2.85
EBIT Margin	41.01%	30.78%	19.55%

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