FTAIM: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	2.51bn	1.73bn
Cost of revenue	1.35bn	826m
Selling, general and administrative	9m	14m
Operating expenses	1.77bn	1.50bn
Pre-tax income	607m	14m
Income tax	106m	5m
Net income	477m	−32m
Earnings per share	4.66	−0.32
Earnings per share, diluted	4.60	−0.32
Weighted average shares	103m	102m
Weighted average shares, diluted	104m	102m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	412m	300m	510m	302m	112m	115m	112m	170m
Receivables	177m	210m	215m	240m	224m	151m	166m	154m
Inventory	1.36bn	1.19bn	897m	753m	645m	551m	491m	373m
Current assets	2.59bn	2.11bn	2.03bn	1.76bn	1.87bn	1.23bn	—	—
Goodwill	94m	94m	83m	76m	61m	61m	32m	5m
Total assets	4.53bn	4.37bn	4.24bn	4.10bn	4.27bn	4.04bn	3.74bn	3.45bn
Current liabilities	494m	400m	348m	351m	474m	347m	—	—
Long-term debt	3.45bn	3.45bn	3.45bn	3.44bn	3.64bn	3.44bn	3.22bn	3.08bn
Total liabilities	4.10bn	4.04bn	3.99bn	3.94bn	4.24bn	3.96bn	3.62bn	3.38bn
Equity	432m	334m	252m	165m	28m	81m	119m	70m
Shares outstanding	103m	103m	103m	103m	103m	103m	103m	102m
Shares issued	103m	103m	103m	103m	103m	103m	103m	102m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−311m	−188m
Depreciation and amortisation	226m	218m
Share-based compensation	22m	6m
Capital expenditure	28m	9m
Investing cash flow	723m	−469m
Dividends paid	128m	122m
Financing cash flow	−227m	682m