Also trades as: 1KN.DU (DUS) · $vol 0M

$28.50

-0.02 (-0.07%)

Weekly Expected Move ±2.4%

$27 $27 $28 $29 $29

NYSE · Real Estate · REIT - Specialty · Alpha Radar Neutral · Power 57 · $30.7B mcap · 1.06B float · 0.805% daily turnover · Short 57% of daily vol

Revenue

$4.0B +4.1% ▲

5Y CAGR: +26.7%

Gross Profit

$4.0B +3.9% ▲

5Y CAGR: +27.2%

Operating Income

$3.6B +2.9% ▲

5Y CAGR: +31.9%

Net Income

$2.8B +3.6% ▲

5Y CAGR: +25.5%

EPS (Diluted)

$2.61 +2.0% ▲

5Y CAGR: +8.3%

EBITDA

$3.6B +2.3% ▲

5Y CAGR: +24.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.5B	$2.6B	$3.6B	$3.8B	$4.0B
YoY Growth	+23.2%	+72.3%	+38.9%	+6.6%	+4.1%
Cost of Revenue	$21M	$23M	$27M	$27M	$34M
Gross Profit	$1.5B	$2.6B	$3.6B	$3.8B	$4.0B
Gross Margin	98.6%	99.1%	99.3%	99.3%	99.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$33M	$48M	$60M	$69M	$65M
Operating Expenses	$44M	$946M	$240M	$277M	$325M
Operating Income	$1.4B	$1.6B	$3.3B	$3.5B	$3.6B
Operating Margin	95.7%	62.8%	92.6%	92.1%	91.1%
Interest Expense	$392M	$540M	$818M	$826M	$818M
Income Before Tax	$1.0B	$1.1B	$2.5B	$2.7B	$2.8B
Tax Expense	$3M	$3M	-$6M	$10M	$2M
Net Income	$1.0B	$1.1B	$2.5B	$2.7B	$2.8B
Net Margin	67.2%	43.0%	69.6%	69.6%	69.3%
EPS (Diluted)	$1.76	$1.27	$2.47	$2.56	$2.61
EBITDA	$1.4B	$1.7B	$3.4B	$3.6B	$3.6B
Shares Outstanding	577M	880M	1.02B	1.05B	1.06B

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$957M	$965M	$976M	$984M	$1.0B	$1.0B	$1.0B	$1.0B
Cost of Revenue	$7M	$7M	$7M	$6M	$7M	$8M	$9M	$8M
Gross Profit	$950M	$958M	$969M	$978M	$995M	$1.0B	$1.0B	$1.0B
Gross Margin	99.3%	99.3%	99.3%	99.4%	99.3%	99.2%	99.1%	99.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$16M	$16M	$21M	$15M	$15M	$16M	$19M	$16M
Operating Expenses	-$7M	$5M	$136M	$222M	-$107M	$23M	$191M	-$85M
Operating Income	$957M	$953M	$834M	$756M	$1.1B	$984M	$814M	$1.1B
Operating Margin	100.0%	98.8%	85.4%	76.8%	110.0%	96.9%	80.3%	107.5%
Interest Expense	$206M	$207M	$208M	$209M	$214M	$210M	$204M	$203M
Income Before Tax	$756M	$747M	$627M	$550M	$884M	$778M	$610M	$890M
Tax Expense	$3M	$2M	$2M	-$2M	$6M	$4M	-$5M	$4M
Net Income	$741M	$733M	$615M	$544M	$865M	$762M	$605M	$872M
Net Margin	77.5%	76.0%	63.0%	55.2%	86.4%	75.1%	59.7%	85.7%
EPS (Diluted)	$0.71	$0.70	$0.58	$0.51	$0.82	$0.71	$0.57	$0.82
EBITDA	$963M	$955M	$836M	$760M	$1.1B	$989M	$815M	$1.1B
Shares Outstanding	1.04B	1.05B	1.06B	1.06B	1.06B	1.07B	1.06B	1.07B

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