ICTS INTERNATIONAL N.V.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534.4M | $483.3M | $431.5M | $325.0M | $324.9M | $248.4M | $333.3M | $345.2M |
| Cost of Revenue | $474.6M | $413.5M | $351.6M | $261.2M | $209.8M | $196.6M | $290.5M | $312.0M |
| Gross Profit | $59.7M | $69.8M | $80.0M | $63.8M | $115.2M | $51.9M | $42.8M | $33.2M |
| Gross Margin | 11.2% | 14.5% | 18.5% | 19.6% | 35.4% | 20.9% | 12.9% | 9.6% |
| Operating Expenses | ||||||||
| Research & Development | $14.5M | $14.4M | $12.3M | $13.6M | $12.1M | $6.5M | $5.1M | $3.7M |
| SG&A Expense | $62.6M | $61.2M | $56.9M | $53.8M | $50.9M | $37.2M | $33.1M | $34.9M |
| Operating Income | $-17.4M | $-5.8M | $10.7M | $-3.6M | $52.0M | $8.1M | $4.7M | $-6.9M |
| Operating Margin | -3.3% | -1.2% | 2.5% | -1.1% | 16.0% | 3.2% | 1.4% | -2.0% |
| Interest Expense | — | $0 | $21.0K | $28.0K | $83.0K | — | — | — |
| Pretax Income | $-16.8M | $-4.4M | $12.3M | $-3.6M | $50.5M | $6.0M | $-5.7M | $-10.4M |
| Income Tax Expense | $1.6M | $-452.0K | $1.7M | $1.6M | $9.2M | $590.0K | $1.5M | $685.0K |
| Net Income | $-14.3M | $-4.2M | $7.1M | $-4.7M | $34.8M | $4.4M | $-8.0M | $-11.2M |
| Net Margin | -2.7% | -0.9% | 1.6% | -1.5% | 10.7% | 1.8% | -2.4% | -3.3% |
| EPS (Basic) | $-0.40 | $-0.11 | $0.19 | $-0.13 | $0.66 | $0.12 | $-0.26 | $-0.48 |
| EPS (Diluted) | $-0.40 | $-0.11 | $0.18 | $-0.13 | $0.61 | $0.11 | $-0.26 | $-0.48 |
| Shares Outstanding (Basic) | 36.2M | 37.4M | 37.4M | 37.4M | 37.4M | 35.8M | 30.5M | 23.4M |
| Shares Outstanding (Diluted) | 36.2M | 37.4M | 39.4M | 37.4M | 40.2M | 38.4M | 30.5M | 23.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |