Financials in USD. Standardized financial statements.
A compact view of how Reaves Utility Income Fund 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? | $275.85M | $249.54M | $210.42M | $201.03M | $144.56M | $116.45M | $341.27M | $34.82M | $171.22M | $176.59M |
| Revenue Growth? | +10.5% | +18.6% | +4.7% | +39.1% | +24.1% | -65.9% | +880.2% | -79.7% | -3.0% | 0.0% |
| Cost of Revenue? | $26.98M | $20.67M | $18.90M | $22.46M | $20.18M | $17.58M | $17.91M | $16.94M | $12.91M | $11.81M |
| Gross Profit? | $248.87M | $228.88M | $191.52M | $178.57M | $124.38M | $98.87M | $323.36M | $17.87M | $158.31M | $164.79M |
| Gross Margin? | +90.2% | +91.7% | +91.0% | +88.8% | +86.0% | +84.9% | +94.8% | +51.3% | +92.5% | +93.3% |
| Operating Expenses? | -$557.85M | $4.92M | $4.48M | $7.53M | $6.98M | $229.57M | $7.22M | $5.76M | $4.25M | $4.05M |
| Operating Income? | $806.73M | $899.77M | -$45.86M | -$213.32M | $253.61M | -$172.35M | $334.05M | $29.06M | $166.97M | $172.55M |
| EBITDA? | $806.73M | $899.77M | -$45.86M | -$213.32M | $253.61M | -$172.35M | $0 | -$24.26M | $0 | $0 |
| Income Before Tax | $769.15M | $865.29M | -$74.37M | -$222.02M | $249.82M | -$178.86M | $334.05M | $29.06M | $166.97M | $172.55M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161,141 | $0 | $0 |
| Net Income? | $769.15M | $865.29M | -$74.37M | -$222.02M | $249.82M | -$178.86M | $334.05M | $29.06M | $166.97M | $172.55M |
| EPS? | $8.57 | $10.35 | $-0.90 | $-3.10 | $4.52 | $-3.59 | $6.86 | $0.60 | $4.87 | $4.65 |
| Diluted EPS? | $8.57 | $10.35 | $-0.96 | $-3.10 | $4.52 | $-3.59 | $6.86 | $0.59 | $4.87 | $4.65 |
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