Also trades as: FSZ.TO (TSX) · $vol 1M

$2.94

-0.03 (-1.01%)

OTC · Financial Services · Asset Management · Tech Score Sell · Power 42 · $311.8M mcap · 81M float · 0.021% daily turnover · Short 94% of daily vol

Revenue

$655M -3.2% ▼

5Y CAGR: -1.0%

Gross Profit

$560M +29.8% ▲

5Y CAGR: +10.5%

Operating Income

$110M -2.4% ▼

5Y CAGR: +1.2%

Net Income

$39M +56.1% ▲

EPS (Diluted)

$0.30 +30.4% ▲

5Y CAGR: +72.7%

EBITDA

$159M +6.1% ▲

5Y CAGR: +4.0%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$738M	$665M	$676M	$676M	$655M
YoY Growth	+7.0%	-9.9%	+1.6%	+0.1%	-3.2%
Cost of Revenue	$352M	$240M	$231M	$245M	$95M
Gross Profit	$386M	$425M	$444M	$431M	$560M
Gross Margin	52.3%	64.0%	65.7%	63.7%	85.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$183M	$271M	$262M	$269M	$255M
Operating Expenses	$250M	$328M	$316M	$318M	$449M
Operating Income	$135M	$97M	$128M	$113M	$110M
Operating Margin	18.3%	14.6%	19.0%	16.7%	16.8%
Interest Expense	$35M	$40M	$51M	$50M	$42M
Income Before Tax	$99M	$42M	$86M	$50M	$69M
Tax Expense	$22M	$10M	$20M	$15M	$17M
Net Income	$74M	$25M	$58M	$25M	$39M
Net Margin	10.0%	3.8%	8.7%	3.7%	6.0%
EPS (Diluted)	$0.63	$0.24	$0.44	$0.23	$0.30
EBITDA	$202M	$139M	$190M	$150M	$159M
Shares Outstanding	117M	104M	132M	109M	93M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$0	$182M	$160M	$740K	$174M	$174M	$161M	$158M
Cost of Revenue	$12M	$0	$0	$12M	$25M	$22M	$22M	$22M
Gross Profit	-$12M	$182M	$160M	-$11M	$149M	$152M	$139M	$136M
Gross Margin	—	100.0%	100.0%	-1529.3%	85.8%	87.6%	86.1%	86.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$123M	-$105M	$122M	$122M	$123M	-$112M	$114M	$118M
Operating Expenses	-$35M	-$93M	$134M	-$19M	-$30M	$120M	$103M	$103M
Operating Income	$23M	$275M	$26M	$8M	$15M	$33M	$36M	$38M
Operating Margin	—	151.2%	16.2%	1048.5%	8.8%	18.8%	22.2%	23.8%
Interest Expense	$12M	$9M	$12M	$12M	$14M	$764K	$12M	$13M
Income Before Tax	$23M	$8M	$28M	$8M	$15M	$18M	$8M	$9M
Tax Expense	$6M	$5M	$4M	$2M	$5M	$6M	$4M	$3M
Net Income	$13M	-$192K	$22M	$4M	$6M	$8M	$3M	$4M
Net Margin	—	-0.1%	13.6%	507.7%	3.4%	4.4%	1.8%	2.2%
EPS (Diluted)	$0.12	$-0.00	$0.17	$0.03	$0.05	$0.06	$0.03	$0.03
EBITDA	$46M	$29M	$52M	$32M	$42M	$30M	$31M	$36M
Shares Outstanding	109M	109M	140M	112M	111M	92M	80M	111M

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