Stagwell Inc income statement
In fiscal 2025, Stagwell Inc reported revenue of $2.91bn, up 2.4% on the year before, operating income of $159m (a 5.5% margin) and net income of $29.1m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,386 | 1,514 | 1,475 | 1,416 | 888 | 1,469 | 2,688 | 2,527 | 2,841 | 2,909 | 3,114 |
| Cost of revenue | 936 | 1,023 | 991 | 961 | 572 | 907 | 1,674 | 1,621 | 1,843 | 1,846 | 1,992 |
| Gross profit | 450 | 490 | 484 | 455 | 316 | 563 | 1,014 | 906 | 998 | 1,063 | 1,122 |
| General and administrative | 306 | 310 | 349 | 328 | 192 | 424 | 602 | 661 | 712 | 732 | 815 |
| Operating income | 48 | 132 | 1 | 79 | 84 | 45 | 159 | 91 | 133 | 159 | 126 |
| Interest expense | 56 | 62 | 64 | 62 | 59 | — | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | 6 | 2 | 8 | — | — | — | — |
| Income before tax | −50 | 86 | −89 | 21 | 77 | 60 | 76 | 91 | 38 | 69 | 44 |
| Income tax | −9 | −168 | 30 | 10 | 6 | 23 | 25 | 41 | 13 | 38 | 32 |
| Net income | −46 | 242 | −130 | −5 | 56 | 21 | 20 | 0 | 2 | 29 | 10 |
| Diluted EPS | −$0.89 | $3.71 | −$2.31 | — | — | — | — | — | — | — | $0.04 |
| Diluted shares (average) | 51m | 55m | 57m | 69m | 73m | 90m | 297m | 122m | 116m | 265m | 255m |
| EBITDA | 95 | 175 | 48 | 118 | 125 | 122 | 291 | 233 | 285 | 330 | 306 |
| 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 | 789 | 652 | 707 | 743 | 807 | 704 | 786 | 816 |
| Cost of revenue | 503 | 412 | 459 | 471 | 504 | 460 | 517 | 512 |
| Gross profit | 286 | 240 | 248 | 272 | 304 | 245 | 269 | 304 |
| General and administrative | 204 | 179 | 183 | 166 | 203 | 191 | 214 | 207 |
| Operating income | 44 | 18 | 23 | 61 | 57 | 10 | 12 | 48 |
| Income before tax | 20 | −4 | −2 | 33 | 41 | −17 | −9 | 29 |
| Income tax | 4 | 2 | 3 | 10 | 24 | −3 | −0 | 11 |
| Net income | 3 | −3 | −5 | 25 | 13 | −13 | −8 | 18 |
| EBITDA | 82 | 60 | 65 | 105 | 100 | 54 | 56 | 96 |
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