PATRIOT NATIONAL BANCORP, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $323.0K | $302.0K | $395.0K | $566.0K | $543.0K | $523.0K | $589.0K |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $-12.7M | $-16.1M | $24.8M | $18.5M | $12.1M | $9.6M | $14.5M |
| Operating Margin | — | -3,916.4% | -5,330.1% | 6,284.6% | 3,270.3% | 2,228.9% | 1,834.4% | 2,462.1% |
| Interest Expense | — | — | — | $30.5M | $10.8M | $7.1M | $13.8M | $18.2M |
| Pretax Income | — | $-12.7M | $-16.1M | $-5.6M | $7.8M | $5.0M | $-4.2M | $-3.7M |
| Income Tax Expense | — | $59.0K | $23.8M | $-1.5M | $1.6M | $-81.0K | $-337.0K | $-899.0K |
| Net Income | — | $-12.7M | $-39.9M | $-4.2M | $6.2M | $5.1M | $-3.8M | $-2.8M |
| Net Margin | — | -3,935.0% | -13,206.0% | -1,058.0% | 1,088.5% | 938.1% | -730.2% | -478.3% |
| EPS (Basic) | — | $-0.17 | $-0.53 | $-0.06 | $0.08 | $0.07 | $-0.05 | $-0.04 |
| EPS (Diluted) | — | $-0.17 | $-0.53 | $-0.06 | $0.08 | $0.07 | $-0.05 | $-0.04 |
| Shares Outstanding (Basic) | 117.1M | 76.8M | 75.5M | 75.3M | 75.2M | 75.0M | 74.8M | 74.5M |
| Shares Outstanding (Diluted) | 117.1M | 76.8M | 75.5M | 75.3M | 75.3M | 75.1M | 74.8M | 74.5M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.00 |
When you combine ignorance and leverage, you get some pretty interesting results.