Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	251.37M	164.53M	284.27M	388.11M	235.56M
Cost of Revenue	64.66M	57.40M	189.35M	245.09M	65.76M
Gross Profit	186.71M	107.13M	94.91M	143.02M	169.79M
SG&A	29.78M	25.61M	20.03M	24.09M	24.82M
Operating Expenses	29.78M	23.63M	20.03M	24.09M	24.82M
Operating Income	156.92M	83.50M	74.88M	118.93M	144.97M
Interest Income	—	9.39M	8.99M	2.29M	—
Interest Expense	-0.27M	-4.81M	-0.09M	-0.09M	-0.06M
Other Income/Expense	-1.73M	2.19M	0.05M	0.10M	2.09M
Pretax Income	166.37M	96.33M	87.60M	147.88M	153.99M
Income Tax	4.16M	1.95M	2.18M	3.70M	3.85M
Net Income	162.21M	94.38M	85.41M	144.18M	150.14M
EBITDA	164.49M	92.18M	84.21M	128.17M	154.16M
EBIT	156.92M	83.50M	74.88M	118.93M	144.97M
EPS (Basic)	0.81	0.47	0.43	0.72	0.75
EPS (Diluted)	0.81	0.47	0.43	0.72	0.75
Margins & Efficiency
Gross Margin %	+74.3%	+65.1%	+33.4%	+36.9%	+72.1%
EBITDA Margin %	+65.4%	+56.0%	+29.6%	+33.0%	+65.4%
Net Margin %	+64.5%	+57.4%	+30.0%	+37.1%	+63.7%
Revenue & Income
Revenue	251.37M	164.53M	284.27M	388.11M	235.56M
Revenue Growth (YoY)	+6.7%	+3.7%	+100.4%	+10.9%	+27.0%
Interest & Investment Income	—	9.39M	8.99M	2.29M	—
Earnings From Equity Investments	—	8.86M	0.04M	21.62M	—
Gain (Loss) on Sale of Assets	—	-5.19M	—	—	—
Gain (Loss) on Sale of Investments	11.44M	2.40M	3.73M	5.03M	6.98M
Expenses & Provisions
Cost of Revenue	64.66M	57.40M	189.35M	245.09M	65.76M
Selling, General & Admin	29.78M	25.61M	20.03M	24.09M	24.82M
Operating Expenses	29.78M	23.63M	20.03M	24.09M	24.82M
Interest Expense	-0.27M	-4.81M	-0.09M	-0.09M	-0.06M
Other Non Operating Income (Expenses)	-1.73M	2.19M	0.05M	0.10M	2.09M
Asset Writedown	—	—	—	—	—
D&A For EBITDA	7.56M	8.68M	9.33M	9.24M	9.19M
Profitability & Returns
Gross Profit	186.71M	107.13M	94.91M	143.02M	169.79M
Gross Margin	+74.3%	+65.1%	+33.4%	+36.9%	+72.1%
EBIT	156.92M	83.50M	74.88M	118.93M	144.97M
EBIT Margin	+62.4%	+50.8%	+26.3%	+30.6%	+61.5%
EBITDA	164.49M	92.18M	84.21M	128.17M	154.16M
EBITDA Margin	+65.4%	+56.0%	+29.6%	+33.0%	+65.4%
EBT Excluding Unusual Items	154.92M	99.12M	83.87M	142.85M	147.00M
Pretax Income	166.37M	96.33M	87.60M	147.88M	153.99M
Operating Income	156.92M	83.50M	74.88M	118.93M	144.97M
Operating Margin	+62.4%	+50.8%	+26.3%	+30.6%	+61.5%
Profit Margin	+64.5%	+57.4%	+30.0%	+37.2%	+63.7%
Net Income	162.21M	94.38M	85.41M	144.18M	150.14M
Net Income to Common	162.21M	94.38M	85.41M	144.18M	150.14M
Net Income Growth	+8.0%	+10.2%	+23.1%	+1.1%	+32.4%
Income Tax Expense	4.16M	1.95M	2.18M	3.70M	3.85M
Effective Tax Rate	+2.5%	+2.0%	+2.5%	+2.5%	+2.5%
Per Share & Capital
EPS (Basic)	0.81	0.47	0.43	0.72	0.75
EPS (Diluted)	0.81	0.47	0.43	0.72	0.75
EPS Growth	+8.0%	+10.2%	+22.9%	+1.4%	+32.4%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	0	-0	—
Shares Outstanding (Basic)	200.00M	200.00M	198.64M	200.25M	200.00M
Shares Outstanding (Diluted)	200.00M	200.00M	198.64M	200.25M	200.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-846.87M	-0.99M	154.10M	74.87M	93.20M
Free Cash Flow Margin	-336.9%	-0.6%	+54.2%	+19.3%	+39.6%
Free Cash Flow Per Share	-4.23	-0.01	0.78	0.37	0.47
Payout Ratio	+0.3%	+2.8%	+1.7%	+200.9%	+1.1%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	251.37M	164.53M	284.27M	388.11M	235.56M
Cost of Revenue	64.66M	57.40M	189.35M	245.09M	65.76M
Gross Profit	186.71M	107.13M	94.91M	143.02M	169.79M
SG&A	29.78M	25.61M	20.03M	24.09M	24.82M
Operating Expenses	29.78M	23.63M	20.03M	24.09M	24.82M
Operating Income	156.92M	83.50M	74.88M	118.93M	144.97M
Interest Income	—	9.39M	8.99M	2.29M	—
Interest Expense	-0.27M	-4.81M	-0.09M	-0.09M	-0.06M
Other Income/Expense	-1.73M	2.19M	0.05M	0.10M	2.09M
Pretax Income	166.37M	96.33M	87.60M	147.88M	153.99M
Income Tax	4.16M	1.95M	2.18M	3.70M	3.85M
Net Income	162.21M	94.38M	85.41M	144.18M	150.14M
EBITDA	164.49M	92.18M	84.21M	128.17M	154.16M
EBIT	156.92M	83.50M	74.88M	118.93M	144.97M
EPS (Basic)	0.81	0.47	0.43	0.72	0.75
EPS (Diluted)	0.81	0.47	0.43	0.72	0.75
Margins & Efficiency
Gross Margin %	+74.3%	+65.1%	+33.4%	+36.9%	+72.1%
EBITDA Margin %	+65.4%	+56.0%	+29.6%	+33.0%	+65.4%
Net Margin %	+64.5%	+57.4%	+30.0%	+37.1%	+63.7%
Revenue & Income
Revenue	251.37M	164.53M	284.27M	388.11M	235.56M
Revenue Growth (YoY)	+6.7%	+3.7%	+100.4%	+10.9%	+27.0%
Interest & Investment Income	—	9.39M	8.99M	2.29M	—
Earnings From Equity Investments	—	8.86M	0.04M	21.62M	—
Gain (Loss) on Sale of Assets	—	-5.19M	—	—	—
Gain (Loss) on Sale of Investments	11.44M	2.40M	3.73M	5.03M	6.98M
Expenses & Provisions
Cost of Revenue	64.66M	57.40M	189.35M	245.09M	65.76M
Selling, General & Admin	29.78M	25.61M	20.03M	24.09M	24.82M
Operating Expenses	29.78M	23.63M	20.03M	24.09M	24.82M
Interest Expense	-0.27M	-4.81M	-0.09M	-0.09M	-0.06M
Other Non Operating Income (Expenses)	-1.73M	2.19M	0.05M	0.10M	2.09M
Asset Writedown	—	—	—	—	—
D&A For EBITDA	7.56M	8.68M	9.33M	9.24M	9.19M
Profitability & Returns
Gross Profit	186.71M	107.13M	94.91M	143.02M	169.79M
Gross Margin	+74.3%	+65.1%	+33.4%	+36.9%	+72.1%
EBIT	156.92M	83.50M	74.88M	118.93M	144.97M
EBIT Margin	+62.4%	+50.8%	+26.3%	+30.6%	+61.5%
EBITDA	164.49M	92.18M	84.21M	128.17M	154.16M
EBITDA Margin	+65.4%	+56.0%	+29.6%	+33.0%	+65.4%
EBT Excluding Unusual Items	154.92M	99.12M	83.87M	142.85M	147.00M
Pretax Income	166.37M	96.33M	87.60M	147.88M	153.99M
Operating Income	156.92M	83.50M	74.88M	118.93M	144.97M
Operating Margin	+62.4%	+50.8%	+26.3%	+30.6%	+61.5%
Profit Margin	+64.5%	+57.4%	+30.0%	+37.2%	+63.7%
Net Income	162.21M	94.38M	85.41M	144.18M	150.14M
Net Income to Common	162.21M	94.38M	85.41M	144.18M	150.14M
Net Income Growth	+8.0%	+10.2%	+23.1%	+1.1%	+32.4%
Income Tax Expense	4.16M	1.95M	2.18M	3.70M	3.85M
Effective Tax Rate	+2.5%	+2.0%	+2.5%	+2.5%	+2.5%
Per Share & Capital
EPS (Basic)	0.81	0.47	0.43	0.72	0.75
EPS (Diluted)	0.81	0.47	0.43	0.72	0.75
EPS Growth	+8.0%	+10.2%	+22.9%	+1.4%	+32.4%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	—	0	-0	—
Shares Outstanding (Basic)	200.00M	200.00M	198.64M	200.25M	200.00M
Shares Outstanding (Diluted)	200.00M	200.00M	198.64M	200.25M	200.00M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-846.87M	-0.99M	154.10M	74.87M	93.20M
Free Cash Flow Margin	-336.9%	-0.6%	+54.2%	+19.3%	+39.6%
Free Cash Flow Per Share	-4.23	-0.01	0.78	0.37	0.47
Payout Ratio	+0.3%	+2.8%	+1.7%	+200.9%	+1.1%

Financials

Quarterly (SAR)

MCDC

Quarterly (SAR)