BAER Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	129.87	98.61	66.71	46.39	39.38	13.41
Revenue Growth (YoY)	54.35%	47.83%	43.80%	17.78%	193.63%	-
Cost of Revenue	72.44	57.48	41.34	33.89	26.58	12.85
Gross Profit	57.43	41.14	25.37	12.5	12.8	0.56
Selling, General & Admin	30.13	31.69	71.53	21.17	9.59	9.42
Amortization of Goodwill & Intangibles	1.3	0.7	0.1	-	0.03	-
Operating Expenses	32.93	34.69	72.93	22.27	10.22	9.42
Operating Income	24.5	6.45	-47.56	-9.77	2.59	-8.86
Interest Expense	-23.82	-23.71	-23.22	-20.02	-9.29	-1.6
Other Non Operating Income (Expenses)	2.04	2.07	3.05	0.77	0.39	0.06
EBT Excluding Unusual Items	3.32	-15.2	-67.72	-29.02	-6.32	-10.4
Merger & Restructuring Charges	-1.14	-1.14	-5.69	-11.09	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.6	-	-1.84
Gain (Loss) on Sale of Assets	-0.09	-0.39	-1.18	-1.77	-1	-
Asset Writedown	-	-	-2.4	-	-	-
Other Unusual Items	3.65	0.39	-0.67	-0.85	0.77	-
Pretax Income	5.75	-16.33	-77.66	-42.13	-6.54	-12.24
Income Tax Expense	-0.7	-0.76	-0.3	-	-	-
Net Income	6.44	-15.57	-77.36	-42.13	-6.54	-12.24
Preferred Dividends & Other Adjustments	26.61	25.34	-85.88	288.35	15.91	14.06
Net Income to Common	-20.17	-40.91	8.52	-330.48	-22.45	-26.3
Shares Outstanding (Basic)	54	51	45	40	40	-
Shares Outstanding (Diluted)	54	51	78	40	40	-
Shares Change (YoY)	10.44%	-34.83%	92.44%	0.41%	-	-
EPS (Basic)	-0.37	-0.81	0.19	-8.20	-0.56	-
EPS (Diluted)	-0.38	-0.81	-1.00	-8.20	-0.56	-
Free Cash Flow	25.4	5.27	-47.55	-45.31	-47.74	-60.82
Free Cash Flow Per Share	0.47	0.10	-0.61	-1.13	-1.19	-
Gross Margin	44.22%	41.72%	38.03%	26.95%	32.51%	4.17%
Operating Margin	18.86%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Profit Margin	-15.53%	-41.48%	12.78%	-712.42%	-57.01%	-196.06%
Free Cash Flow Margin	19.55%	5.34%	-71.28%	-97.68%	-121.22%	-453.45%
EBITDA	41.38	23.9	-36.47	-0.67	9.26	-6.18
EBITDA Margin	31.87%	24.24%	-54.67%	-1.45%	23.51%	-46.04%
D&A For EBITDA	16.89	17.45	11.09	9.09	6.67	2.68
EBIT	24.5	6.45	-47.56	-9.77	2.59	-8.86
EBIT Margin	18.86%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Advertising Expenses	-	-	-	0.7	0.09	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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