Also trades as: 4478.T (JPX) · $vol 12M

$23.32

+0.00 (+0.00%)

OTC · Technology · Software - Application · Tech Score Buy · Power 66 · $1.4B mcap · 43M float · 0.0020% daily turnover · Short 65% of daily vol

Revenue

$42.1B +26.6% ▲

5Y CAGR: +32.7%

Gross Profit

$34.1B +24.8% ▲

5Y CAGR: +33.2%

Operating Income

$1.1B +77.3% ▲

Net Income

$1.1B -21.9% ▼

EPS (Diluted)

$17.76 -23.1% ▼

EBITDA

$2.6B +178.8% ▲

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$14.4B	$19.2B	$25.4B	$33.3B	$42.1B
YoY Growth	+40.2%	+33.7%	+32.3%	+30.8%	+26.6%
Cost of Revenue	$2.8B	$3.2B	$4.4B	$5.9B	$8.0B
Gross Profit	$11.5B	$16.1B	$21.0B	$27.4B	$34.1B
Gross Margin	80.2%	83.6%	82.5%	82.2%	81.0%
R&D Expenses	$3.6B	$6.9B	$8.3B	$4.7B	$0
SG&A Expenses	$11.0B	$17.1B	$21.0B	$22.0B	$33.1B
Operating Expenses	$14.6B	$24.0B	$29.4B	$26.8B	$33.1B
Operating Income	-$3.0B	-$7.9B	-$8.4B	$611M	$1.1B
Operating Margin	-21.2%	-41.2%	-33.0%	1.8%	2.6%
Interest Expense	$4M	$13M	$20M	$59M	$170M
Income Before Tax	-$12.3B	-$12.3B	-$10.1B	$416M	$763M
Tax Expense	-$692M	-$241K	$49M	$954M	-$307M
Net Income	-$11.6B	-$12.3B	-$10.2B	$1.4B	$1.1B
Net Margin	-80.7%	-64.2%	-39.9%	4.1%	2.5%
EPS (Diluted)	$-208.22	$-215.64	$-174.43	$23.10	$17.76
EBITDA	-$11.7B	-$7.3B	-$10.1B	$916M	$2.6B
Shares Outstanding	56M	57M	58M	59M	60M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$7.4B	$7.9B	$8.6B	$9.4B	$9.9B	$10.2B	$11.0B	$11.5B
Cost of Revenue	$1.3B	$1.3B	$1.5B	$1.8B	$1.9B	$2.0B	$1.9B	$2.3B
Gross Profit	$6.1B	$6.5B	$7.1B	$7.6B	$8.0B	$8.2B	$9.1B	$9.2B
Gross Margin	82.7%	82.9%	82.7%	80.9%	80.9%	80.4%	82.6%	80.3%
R&D Expenses	$0	$0	$0	$4.7B	$1.4B	$1.5B	$0	$0
SG&A Expenses	$5.9B	$5.8B	$6.8B	$3.4B	$6.3B	$6.4B	$9.0B	$8.8B
Operating Expenses	$5.9B	$5.9B	$6.8B	$8.2B	$7.7B	$7.9B	$9.0B	$8.8B
Operating Income	$214M	$654M	$316M	-$573M	$276M	$260M	$92M	$465M
Operating Margin	2.9%	8.3%	3.7%	-6.1%	2.8%	2.5%	0.8%	4.0%
Interest Expense	$9M	$14M	$11M	$25M	$32M	$35M	$47M	$57M
Income Before Tax	$177M	$635M	$224M	-$621M	$167M	$159M	$34M	$409M
Tax Expense	$7M	$8M	$11M	-$7M	$10M	$7M	$11M	-$335M
Net Income	$170M	$627M	$214M	$359M	$157M	$152M	$23M	$744M
Net Margin	2.3%	8.0%	2.5%	3.8%	1.6%	1.5%	0.2%	6.5%
EPS (Diluted)	$2.82	$10.67	$3.60	$6.04	$2.64	$2.54	$0.38	$12.50
EBITDA	$224M	$726M	$455M	-$495M	$425M	$535M	$429M	$1.1B
Shares Outstanding	60M	59M	59M	59M	59M	60M	59M	60M

FREKF OTC