People Inc income statement
In fiscal 2025, People Inc reported revenue of $2.39bn, down 8.7% on the year before, operating income of −$97.4m (a -4.1% margin) and net income of −$104m, or −$1.30 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 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,533 | 2,510 | 2,765 | 3,700 | 5,235 | 4,365 | 2,622 | 2,393 | 2,382 |
| Cost of revenue | 501 | 600 | 815 | 1,296 | 1,934 | 1,219 | 1,002 | 810 | — |
| Gross profit | 2,032 | 1,910 | 1,950 | 2,403 | 3,302 | 3,146 | 1,620 | 1,583 | — |
| Research and development | 177 | 133 | 185 | 231 | 318 | 238 | 228 | 196 | 203 |
| Selling and marketing | 1,099 | 1,118 | 1,165 | 1,362 | 1,915 | 803 | 738 | 728 | 715 |
| General and administrative | 570 | 573 | 745 | 797 | 992 | 519 | 499 | 419 | 487 |
| Operating income | 36 | 6 | −538 | −137 | −475 | −238 | −29 | −97 | −141 |
| Interest expense | 13 | 12 | 16 | 34 | 110 | 158 | 136 | 120 | 105 |
| Income before tax | 306 | 34 | 244 | 730 | −1,526 | 393 | −715 | −82 | −257 |
| Income tax | 13 | −47 | −46 | 139 | −331 | 98 | −142 | 35 | −78 |
| Net income | 247 | 23 | 270 | 598 | −1,170 | 266 | −540 | −104 | −329 |
| Diluted EPS | $2.90 | $0.27 | $2.97 | $6.31 | −$13.55 | $2.97 | −$6.49 | −$1.30 | −$4.33 |
| Diluted shares (average) | 85m | 85m | 91m | 92m | 86m | 86m | 83m | 80m | 76m |
| EBITDA | 78 | 61 | −469 | −62 | −344 | −157 | 12 | −60 | −106 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 721 | 482 | 443 | 447 | 1,091 | 423 | 437 | 431 |
| Cost of revenue | 247 | 187 | 202 | 207 | 195 | 160 | — | — |
| Gross profit | 475 | 294 | 241 | 240 | 896 | 263 | — | — |
| Research and development | 58 | 36 | 34 | 34 | 95 | 40 | 34 | 34 |
| Selling and marketing | 190 | 157 | 130 | 130 | 343 | 133 | 121 | 119 |
| General and administrative | 137 | 43 | 96 | 108 | 173 | 104 | 114 | 97 |
| Operating income | 48 | 24 | −7 | −27 | −84 | −40 | −14 | −3 |
| Interest expense | 32 | 28 | 37 | 28 | 27 | 26 | 26 | 26 |
| Income before tax | −263 | −321 | 266 | −56 | 32 | −18 | 692 | −963 |
| Income tax | −62 | −62 | 74 | −3 | 38 | −16 | 177 | −278 |
| Net income | −199 | −217 | 211 | −22 | −77 | −72 | 507 | −687 |
| Diluted EPS | −$2.39 | −$2.64 | $2.57 | −$0.27 | −$0.96 | −$0.94 | $6.68 | −$9.15 |
| EBITDA | 58 | 35 | −0 | −19 | −73 | −33 | −7 | 6 |
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