Firy Inc. income statement
In fiscal 2025, Firy Inc. reported revenue of $104m, up 12.5% on the year before, operating income of −$63.9m (a -61.2% margin) and net income of −$70.4m, or −$4.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 120 | 229 | 380 | 270 | 152 | 93 | 104 | 117 |
| Cost of revenue | 2 | 6 | 12 | 25 | 31 | 15 | 13 | 13 | 14 |
| Gross profit | 49 | 114 | 217 | 355 | 239 | 137 | 79 | 91 | 103 |
| Research and development | 8 | 11 | 23 | 46 | 52 | 28 | 17 | 21 | 23 |
| Selling and marketing | 52 | 111 | 254 | 467 | 277 | 123 | 76 | 71 | 68 |
| General and administrative | 15 | 16 | 42 | 136 | 163 | 97 | 79 | 71 | 83 |
| Operating income | −26 | −25 | −103 | −294 | −421 | −114 | −47 | −64 | −63 |
| Interest expense | 2 | 2 | 1 | 1 | 41 | 21 | 15 | 15 | 15 |
| Net interest income | — | — | — | — | −27 | −3 | — | — | — |
| Income before tax | −28 | −24 | −149 | −207 | −439 | −101 | −47 | −70 | −71 |
| Income tax | 0 | 0 | 0 | −19 | −0 | 0 | 0 | 0 | 0 |
| Net income | −28 | −24 | −149 | −188 | −439 | −101 | −47 | −70 | −71 |
| Diluted EPS | −$2.40 | −$1.80 | −$0.51 | −$0.71 | −$21.41 | −$4.85 | −$2.62 | −$4.51 | −$4.53 |
| Diluted shares (average) | 12m | 13m | 15m | 19m | 20m | 21m | 18m | 16m | 16m |
| EBITDA | −25 | −24 | −102 | −282 | −403 | −112 | −45 | −63 | −60 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 18 | 22 | 25 | 27 | 30 | 29 | 31 |
| Cost of revenue | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Gross profit | 21 | 15 | 19 | 22 | 24 | 27 | 26 | 27 |
| Research and development | 5 | 3 | 5 | 5 | 5 | 6 | 5 | 7 |
| Selling and marketing | 19 | 15 | 18 | 16 | 17 | 19 | 17 | 14 |
| General and administrative | 18 | 20 | 19 | 17 | 17 | 18 | 19 | 28 |
| Operating income | −21 | −24 | −15 | −16 | −16 | −16 | −9 | −22 |
| Interest expense | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Net interest income | 0 | — | — | −1 | −2 | — | — | — |
| Income before tax | −21 | −25 | −17 | −18 | −17 | −18 | −11 | −24 |
| Income tax | 0 | −0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −21 | −25 | −17 | −18 | −17 | −18 | −11 | −24 |
| Diluted EPS | −$1.20 | −$1.40 | −$1.05 | −$1.16 | −$1.14 | −$1.16 | −$0.69 | −$1.52 |
| EBITDA | −21 | −24 | −15 | −16 | −16 | −15 | −8 | −21 |
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