Also trades as: NAS.OL (OSL) · $vol 11M

$1.26

-0.01 (-0.79%)

OTC · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 47 · $1.3B mcap · 782M float · 0.0006% daily turnover · Short 52% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions Dark Pool Short Interest

Income Trends

Revenue

$36.5B +3.4% ▲

5Y CAGR: +32.0%

Gross Profit

$5.9B -8.4% ▼

Operating Income

$3.3B +77.4% ▲

Net Income

$2.7B +99.7% ▲

EPS (Diluted)

$2.52 +110.0% ▲

EBITDA

$7.5B +2.4% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.1B	$18.9B	$25.5B	$35.3B	$36.5B
YoY Growth	-44.3%	+272.3%	+35.3%	+38.3%	+3.4%
Cost of Revenue	$6.8B	$17.0B	$20.1B	$28.8B	$30.6B
Gross Profit	-$1.7B	$1.9B	$5.4B	$6.5B	$5.9B
Gross Margin	-34.5%	10.1%	21.3%	18.4%	16.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.1B	$1.3B	$1.6B	$2.2B	$3.7B
Operating Expenses	$1.8B	$2.5B	$3.2B	$4.6B	$2.6B
Operating Income	-$2.8B	-$468M	$2.2B	$1.9B	$3.3B
Operating Margin	-55.0%	-2.5%	8.7%	5.3%	9.1%
Interest Expense	$682M	$650M	$848M	$1.1B	$1.3B
Income Before Tax	$1.9B	$1.0B	$1.8B	$1.4B	$3.0B
Tax Expense	$6M	$41M	$67M	$300K	$308M
Net Income	$1.9B	$1.0B	$1.7B	$1.4B	$2.7B
Net Margin	36.9%	5.3%	6.8%	3.8%	7.4%
EPS (Diluted)	$2.68	$0.82	$1.43	$1.20	$2.52
EBITDA	-$1.9B	$934M	$6.2B	$7.3B	$7.5B
Shares Outstanding	699M	1.13B	1.13B	1.13B	1.09B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$11.6B	$8.2B	$6.6B	$10.3B	$11.9B	$8.2B	$6.9B	$10.4B
Cost of Revenue	$8.6B	$7.2B	$6.5B	$8.3B	$8.3B	$7.5B	$6.5B	$9.1B
Gross Profit	$3.0B	$1.0B	$83M	$2.0B	$3.6B	$750M	$408M	$1.3B
Gross Margin	25.6%	12.2%	1.3%	19.4%	30.5%	9.1%	5.9%	12.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$919M	$953M	$0	$0
Operating Expenses	$840M	$1.1B	$694M	$746M	$661M	$636M	$911M	$1.1B
Operating Income	$2.1B	-$93M	-$611M	$1.3B	$3.0B	$114M	-$503M	$214M
Operating Margin	18.4%	-1.1%	-9.3%	12.2%	24.9%	1.4%	-7.3%	2.1%
Interest Expense	$285M	$284M	$292M	$293M	$348M	$337M	$326M	$315M
Income Before Tax	$2.0B	-$222M	-$756M	$1.1B	$2.9B	-$173M	-$459M	-$761M
Tax Expense	$0	$200K	$0	$123M	$341M	-$157M	-$97M	-$206M
Net Income	$2.0B	-$223M	-$756M	$932M	$2.5B	-$16M	-$362M	-$555M
Net Margin	17.3%	-2.7%	-11.5%	9.1%	21.3%	-0.2%	-5.2%	-5.3%
EPS (Diluted)	$1.78	$-0.23	$-0.82	$0.82	$2.39	$-0.02	$-0.34	$-0.53
EBITDA	$3.6B	$1.2B	$163M	$2.7B	$4.1B	$1.3B	$1.0B	$730M
Shares Outstanding	1.13B	964M	964M	1.12B	1.06B	1.05B	1.05B	1.06B

NWARF OTC

Income Trends

Profit Margins

Year-over-Year Growth

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