Financials in USD. Standardized financial statements.
A compact view of how Barings Participation Investors turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $17.10M | $20.30M | $20.12M | $14.05M | $26.45M | $13.20M | $18.59M | $4.61M | $19.96M | $12.81M |
| Revenue Growth? | -15.8% | +0.9% | +43.1% | -46.9% | +100.4% | -29.0% | +303.7% | -76.9% | +55.8% | 0.0% |
| Cost of Revenue? | $2.02M | $1.52M | $2.17M | $1.87M | $1.84M | $1.64M | $1.69M | $1.68M | $1.66M | $0 |
| Gross Profit? | $15.08M | $18.78M | $17.95M | $11.78M | $24.60M | $11.32M | $16.90M | $2.93M | $18.30M | $12.81M |
| Gross Margin? | +88.2% | +92.5% | +89.2% | +83.8% | +93.0% | +85.8% | +90.9% | +63.6% | +91.7% | +100.0% |
| Operating Expenses? | -$298,914 | $1.11M | $1.07M | $2.36M | $2.24M | $1.95M | $780,774 | $965,614 | $823,764 | $557,625 |
| Operating Income? | $15.38M | $18.45M | $17.56M | $11.70M | $10.06M | $11.24M | $17.81M | $4.25M | $19.75M | $10.94M |
| EBITDA? | $15.38M | $17.60M | $19.82M | $7.34M | $25.63M | $6.49M | $0 | $4.25M | $0 | $0 |
| Income Before Tax | $13.58M | $17.67M | $18.56M | $7.34M | $25.63M | $6.35M | $17.81M | $3.64M | $19.14M | $11.64M |
| Income Tax Expense | $350,897 | $425,200 | $441,369 | $377,850 | $247,154 | $0 | $0 | $0 | $21.99M | $0 |
| Net Income? | $13.23M | $17.25M | $18.12M | $6.96M | $25.38M | $6.35M | $17.81M | $3.64M | $19.14M | $11.64M |
| EPS? | $1.23 | $1.62 | $1.71 | $0.66 | $2.39 | $0.60 | $1.69 | $0.35 | $1.84 | $1.12 |
| Diluted EPS? | $1.23 | $1.62 | $1.71 | $0.66 | $2.39 | $0.60 | $1.69 | $0.35 | $1.84 | $1.12 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality