Security National Financial Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $344.6M | $334.5M | $318.5M | $389.7M | $470.7M | $481.5M | $283.1M | $279.6M |
| Cost of Revenue | $4.7M | $4.8M | $4.8M | $4.7M | $3.7M | $3.3M | $2.9M | $2.2M |
| Gross Profit | $339.9M | $329.7M | $313.7M | $384.9M | $467.0M | $478.2M | $280.2M | $277.5M |
| Gross Margin | 98.6% | 98.6% | 98.5% | 98.8% | 99.2% | 99.3% | 99.0% | 99.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $45.9M | $41.6M | $21.2M | $42.2M | $58.9M | $80.0M | $21.3M | $33.1M |
| Operating Margin | 13.3% | 12.4% | 6.6% | 10.8% | 12.5% | 16.6% | 7.5% | 11.9% |
| Interest Expense | $4.5M | $4.3M | $4.9M | $7.8M | $7.1M | $8.6M | $7.4M | $7.0M |
| Pretax Income | $41.4M | $37.4M | $16.3M | $34.4M | $51.8M | $71.5M | $13.9M | $26.2M |
| Income Tax Expense | $9.3M | $8.3M | $1.8M | $8.7M | $12.3M | $15.9M | $3.1M | $4.5M |
| Net Income | $32.2M | $29.1M | $14.5M | $25.7M | $39.5M | $55.6M | $10.9M | $21.7M |
| Net Margin | 9.3% | 8.7% | 4.6% | 6.6% | 8.4% | 11.5% | 3.8% | 7.8% |
| EPS (Basic) | $1.30 | $1.19 | $0.63 | $1.16 | $1.87 | $2.81 | $0.59 | $1.21 |
| EPS (Diluted) | $1.26 | $1.16 | $0.61 | $1.12 | $1.80 | $2.74 | $0.58 | $1.19 |
| Shares Outstanding (Basic) | 24.7M | 24.5M | 23.2M | 22.2M | 21.1M | 19.8M | 18.6M | 18.0M |
| Shares Outstanding (Diluted) | 25.5M | 25.2M | 23.8M | 23.0M | 22.0M | 20.3M | 18.7M | 18.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |