Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	429.60M	365.06M	308.19M	270.20M	196.62M
Cost of Revenue	167.24M	142.38M	128.62M	126.05M	98.81M
Gross Profit	262.37M	222.68M	179.57M	144.15M	97.81M
SG&A	206.20M	172.79M	136.97M	111.35M	72.18M
Operating Expenses	206.64M	172.86M	137.01M	111.43M	72.91M
Operating Income	55.73M	49.81M	42.56M	32.72M	24.90M
Interest Income	0.19M	4.06M	1.65M	—	—
Interest Expense	-2.67M	-1.80M	-1.04M	-0.92M	-0.76M
Other Income/Expense	0.97M	0.96M	1.42M	0.82M	4.34M
Pretax Income	58.21M	53.04M	44.44M	32.37M	27.59M
Income Tax	1.46M	1.40M	1.77M	0.89M	0.74M
Net Income	56.74M	51.64M	42.67M	31.49M	26.85M
EBITDA	68.92M	61.45M	51.92M	40.58M	29.37M
EBIT	55.73M	49.81M	42.56M	32.72M	24.90M
EPS (Basic)	0.60	0.54	0.44	0.33	1.67
EPS (Diluted)	0.60	0.54	0.44	0.33	1.67
DPS	—	0.13	0.10	0.05	—
Margins & Efficiency
Gross Margin %	+61.1%	+61.0%	+58.3%	+53.4%	+49.7%
EBITDA Margin %	+16.0%	+16.8%	+16.8%	+15.0%	+14.9%
Net Margin %	+13.2%	+14.1%	+13.8%	+11.7%	+13.7%
Revenue & Income
Revenue	429.60M	365.06M	308.19M	270.20M	196.62M
Revenue Growth (YoY)	+17.7%	+18.5%	+14.1%	+37.4%	+277.8%
Interest & Investment Income	0.19M	4.06M	1.65M	—	—
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	-14.65K	-0.42K	-142.79K	-254.69K	-683.33K
Gain (Loss) on Sale of Investments	4.01M	—	—	—	—
Expenses & Provisions
Advertising Expenses	—	—	—	4.12M	14.35M
Cost of Revenue	167.24M	142.38M	128.62M	126.05M	98.81M
Selling, General & Admin	206.20M	172.79M	136.97M	111.35M	72.18M
Operating Expenses	206.64M	172.86M	137.01M	111.43M	72.91M
Interest Expense	-2.67M	-1.80M	-1.04M	-0.92M	-0.76M
Other Non Operating Income (Expenses)	0.97M	0.96M	1.42M	0.82M	4.34M
Merger & Restructuring Charges	—	—	—	—	-203.26K
D&A For EBITDA	13.20M	11.64M	9.36M	7.86M	4.47M
Profitability & Returns
Gross Profit	262.37M	222.68M	179.57M	144.15M	97.81M
Gross Margin	+61.1%	+61.0%	+58.3%	+53.4%	+49.7%
EBIT	55.73M	49.81M	42.56M	32.72M	24.90M
EBIT Margin	+13.0%	+13.6%	+13.8%	+12.1%	+12.7%
EBITDA	68.92M	61.45M	51.92M	40.58M	29.37M
EBITDA Margin	+16.0%	+16.8%	+16.8%	+15.0%	+14.9%
EBT Excluding Unusual Items	54.21M	53.04M	44.59M	32.63M	28.47M
Pretax Income	58.21M	53.04M	44.44M	32.37M	27.59M
Operating Income	55.73M	49.81M	42.56M	32.72M	24.90M
Operating Margin	+13.0%	+13.6%	+13.8%	+12.1%	+12.7%
Profit Margin	+13.2%	+14.1%	+13.8%	+11.7%	+13.7%
Net Income	56.74M	51.64M	42.67M	31.49M	26.85M
Net Income to Common	56.74M	51.64M	42.67M	31.49M	26.85M
Net Income Growth	+9.9%	+21.0%	+35.5%	+17.3%	+415.4%
Income Tax Expense	1.46M	1.40M	1.77M	0.89M	0.74M
Effective Tax Rate	+2.5%	+2.6%	+4.0%	+2.7%	+2.7%
Per Share & Capital
EPS (Basic)	0.60	0.54	0.44	0.33	1.67
EPS (Diluted)	0.60	0.54	0.44	0.33	1.67
EPS Growth	+10.2%	+21.6%	+35.5%	-80.3%	+415.4%
Dividend Per Share	—	0.13	0.10	0.05	—
Shares Change (YoY)	-0	-0	—	4.96	—
Shares Outstanding (Basic)	95.26M	95.56M	96.00M	96.00M	16.11M
Shares Outstanding (Diluted)	95.26M	95.56M	96.00M	96.00M	16.11M
Dividend Growth	—	+25.0%	+100.0%	—	—
Free Cash Flow	45.01M	48.04M	55.70M	34.00M	13.05M
Free Cash Flow Margin	+10.5%	+13.2%	+18.1%	+12.6%	+6.6%
Free Cash Flow Per Share	0.47	0.50	0.58	0.35	0.81
Payout Ratio	+21.0%	+18.6%	+11.2%	+3.8%	—
Supplemental
Other Unusual Items	—	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	429.60M	365.06M	308.19M	270.20M	196.62M
Cost of Revenue	167.24M	142.38M	128.62M	126.05M	98.81M
Gross Profit	262.37M	222.68M	179.57M	144.15M	97.81M
SG&A	206.20M	172.79M	136.97M	111.35M	72.18M
Operating Expenses	206.64M	172.86M	137.01M	111.43M	72.91M
Operating Income	55.73M	49.81M	42.56M	32.72M	24.90M
Interest Income	0.19M	4.06M	1.65M	—	—
Interest Expense	-2.67M	-1.80M	-1.04M	-0.92M	-0.76M
Other Income/Expense	0.97M	0.96M	1.42M	0.82M	4.34M
Pretax Income	58.21M	53.04M	44.44M	32.37M	27.59M
Income Tax	1.46M	1.40M	1.77M	0.89M	0.74M
Net Income	56.74M	51.64M	42.67M	31.49M	26.85M
EBITDA	68.92M	61.45M	51.92M	40.58M	29.37M
EBIT	55.73M	49.81M	42.56M	32.72M	24.90M
EPS (Basic)	0.60	0.54	0.44	0.33	1.67
EPS (Diluted)	0.60	0.54	0.44	0.33	1.67
DPS	—	0.13	0.10	0.05	—
Margins & Efficiency
Gross Margin %	+61.1%	+61.0%	+58.3%	+53.4%	+49.7%
EBITDA Margin %	+16.0%	+16.8%	+16.8%	+15.0%	+14.9%
Net Margin %	+13.2%	+14.1%	+13.8%	+11.7%	+13.7%
Revenue & Income
Revenue	429.60M	365.06M	308.19M	270.20M	196.62M
Revenue Growth (YoY)	+17.7%	+18.5%	+14.1%	+37.4%	+277.8%
Interest & Investment Income	0.19M	4.06M	1.65M	—	—
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	-14.65K	-0.42K	-142.79K	-254.69K	-683.33K
Gain (Loss) on Sale of Investments	4.01M	—	—	—	—
Expenses & Provisions
Advertising Expenses	—	—	—	4.12M	14.35M
Cost of Revenue	167.24M	142.38M	128.62M	126.05M	98.81M
Selling, General & Admin	206.20M	172.79M	136.97M	111.35M	72.18M
Operating Expenses	206.64M	172.86M	137.01M	111.43M	72.91M
Interest Expense	-2.67M	-1.80M	-1.04M	-0.92M	-0.76M
Other Non Operating Income (Expenses)	0.97M	0.96M	1.42M	0.82M	4.34M
Merger & Restructuring Charges	—	—	—	—	-203.26K
D&A For EBITDA	13.20M	11.64M	9.36M	7.86M	4.47M
Profitability & Returns
Gross Profit	262.37M	222.68M	179.57M	144.15M	97.81M
Gross Margin	+61.1%	+61.0%	+58.3%	+53.4%	+49.7%
EBIT	55.73M	49.81M	42.56M	32.72M	24.90M
EBIT Margin	+13.0%	+13.6%	+13.8%	+12.1%	+12.7%
EBITDA	68.92M	61.45M	51.92M	40.58M	29.37M
EBITDA Margin	+16.0%	+16.8%	+16.8%	+15.0%	+14.9%
EBT Excluding Unusual Items	54.21M	53.04M	44.59M	32.63M	28.47M
Pretax Income	58.21M	53.04M	44.44M	32.37M	27.59M
Operating Income	55.73M	49.81M	42.56M	32.72M	24.90M
Operating Margin	+13.0%	+13.6%	+13.8%	+12.1%	+12.7%
Profit Margin	+13.2%	+14.1%	+13.8%	+11.7%	+13.7%
Net Income	56.74M	51.64M	42.67M	31.49M	26.85M
Net Income to Common	56.74M	51.64M	42.67M	31.49M	26.85M
Net Income Growth	+9.9%	+21.0%	+35.5%	+17.3%	+415.4%
Income Tax Expense	1.46M	1.40M	1.77M	0.89M	0.74M
Effective Tax Rate	+2.5%	+2.6%	+4.0%	+2.7%	+2.7%
Per Share & Capital
EPS (Basic)	0.60	0.54	0.44	0.33	1.67
EPS (Diluted)	0.60	0.54	0.44	0.33	1.67
EPS Growth	+10.2%	+21.6%	+35.5%	-80.3%	+415.4%
Dividend Per Share	—	0.13	0.10	0.05	—
Shares Change (YoY)	-0	-0	—	4.96	—
Shares Outstanding (Basic)	95.26M	95.56M	96.00M	96.00M	16.11M
Shares Outstanding (Diluted)	95.26M	95.56M	96.00M	96.00M	16.11M
Dividend Growth	—	+25.0%	+100.0%	—	—
Free Cash Flow	45.01M	48.04M	55.70M	34.00M	13.05M
Free Cash Flow Margin	+10.5%	+13.2%	+18.1%	+12.6%	+6.6%
Free Cash Flow Per Share	0.47	0.50	0.58	0.35	0.81
Payout Ratio	+21.0%	+18.6%	+11.2%	+3.8%	—
Supplemental
Other Unusual Items	—	—	—	—	—

Financials

Annual (SAR)

NOFOTH

Annual (SAR)