WidePoint Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150.5M | $142.6M | $106.0M | $94.1M | $87.3M | $180.3M | $101.7M | $83.7M |
| Cost of Revenue | $129.5M | $123.6M | $90.4M | $79.5M | $71.0M | $159.9M | $84.3M | $68.4M |
| Gross Profit | $21.0M | $19.0M | $15.6M | $14.6M | $16.4M | $20.5M | $17.4M | $15.3M |
| Gross Margin | 14.0% | 13.3% | 14.8% | 15.5% | 18.7% | 11.3% | 17.1% | 18.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | $0 |
| SG&A Expense | $19.7M | $17.6M | $15.9M | $14.7M | $12.7M | $14.3M | $13.8M | $13.3M |
| Operating Income | $-2.8M | $-1.9M | $-3.7M | $-19.6M | $607.6K | $3.2M | $885.3K | $-190.4K |
| Operating Margin | -1.8% | -1.3% | -3.5% | -20.9% | 0.7% | 1.8% | 0.9% | -0.2% |
| Interest Expense | $202.4K | $242.8K | $239.5K | $259.6K | $273.2K | $302.9K | $310.6K | $79.5K |
| Pretax Income | $-2.7M | $-1.9M | $-3.9M | — | $640.4K | $-7.4M | $618.9K | $-263.2K |
| Income Tax Expense | $97.7K | $-3.8K | $133.2K | $5.1M | $640.4K | $-2.9M | $392.7K | $1.2M |
| Net Income | $-2.8M | $-1.9M | $-4.0M | $-23.6M | $341.1K | $10.3M | $226.3K | $-1.5M |
| Net Margin | -1.8% | -1.4% | -3.8% | -25.1% | 0.4% | 5.7% | 0.2% | -1.7% |
| EPS (Basic) | — | — | — | $-2.70 | $0.04 | $1.22 | $0.03 | $-0.02 |
| EPS (Diluted) | $-0.28 | $-0.21 | $-0.46 | $-2.70 | $0.04 | $1.20 | $0.03 | $-0.02 |
| Shares Outstanding (Basic) | — | — | — | 8.7M | 9.1M | 8.5M | 8.4M | 83.3M |
| Shares Outstanding (Diluted) | 9.7M | 9.3M | 8.8M | 8.7M | 9.2M | 8.6M | 8.4M | 83.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |