Income Statement (TTM)
Varvee Global Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,768 | 2,598 | 2,654 | 3,584 | 4,357 | 4,622 | 4,214 | 4,548 | 3,835 | 3,232 | 2,610 | 1,630 | 1,328 | 1,107 | 849 | 881 | 788 | 592 | 425 | 284 |
| Change (%) | -6.14 | 2.15 | 35.04 | 21.58 | 6.10 | -8.85 | 7.93 | -15.67 | -15.71 | -19.27 | -37.53 | -18.55 | -16.63 | -23.27 | 3.72 | -10.59 | -24.89 | -28.24 | -33.17 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 1,639 | 1,530 | 2,023 | 2,356 | 2,957 | 3,210 | 2,841 | 3,087 | 2,716 | 2,379 | 1,939 | 1,371 | 1,178 | 1,009 | 811 | 805 | 700 | 630 | 863 | 684 |
| Change (%) | -6.64 | 32.24 | 16.43 | 25.54 | 8.56 | -11.51 | 8.67 | -12.02 | -12.39 | -18.53 | -29.28 | -14.11 | -14.27 | -19.63 | -0.83 | -12.94 | -10.07 | 37.03 | -20.75 | |
| % of Revenue | 59.20 | 58.89 | 76.23 | 65.73 | 67.87 | 69.45 | 67.42 | 67.88 | 70.82 | 73.61 | 74.29 | 84.10 | 88.68 | 91.19 | 95.51 | 91.33 | 88.93 | 106.48 | 203.32 | 241.12 |
| Gross Operating Profit | 1,129 | 1,068 | 631 | 1,228 | 1,400 | 1,412 | 1,373 | 1,461 | 1,119 | 853 | 671 | 259 | 150 | 98 | 38 | 76 | 87 | -38 | -439 | -400 |
| Change (%) | -5.42 | -40.95 | 94.71 | 13.97 | 0.90 | -2.79 | 6.40 | -23.39 | -23.79 | -21.32 | -61.36 | -42.00 | -35.12 | -60.93 | 100.48 | 14.06 | -143.97 | 1,044.44 | -8.72 | |
| % of Revenue | 40.80 | 41.11 | 23.77 | 34.27 | 32.13 | 30.55 | 32.58 | 32.12 | 29.18 | 26.39 | 25.71 | 15.90 | 11.32 | 8.81 | 4.49 | 8.67 | 11.07 | -6.48 | -103.32 | -141.12 |
| SG&A | 200 | 188 | 194 | 264 | 327 | 344 | 330 | 333 | 302 | 266 | 242 | 182 | 161 | 139 | 119 | 121 | 110 | 96 | 53 | 38 |
| Change (%) | -6.08 | 3.47 | 35.90 | 23.93 | 5.11 | -3.99 | 0.97 | -9.46 | -11.78 | -9.08 | -24.75 | -11.73 | -13.84 | -14.20 | 1.76 | -9.43 | -12.32 | -44.93 | -27.75 | |
| % of Revenue | 7.22 | 7.22 | 7.32 | 7.36 | 7.51 | 7.44 | 7.83 | 7.33 | 7.87 | 8.24 | 9.27 | 11.17 | 12.11 | 12.51 | 13.99 | 13.73 | 13.91 | 16.23 | 12.46 | 13.47 |
| R&D | ||||||||||||||||||||
| Change (%) | ||||||||||||||||||||
| % of Revenue | ||||||||||||||||||||
| OpEx | 2,788 | 2,662 | 3,131 | 3,889 | 4,694 | 5,056 | 4,568 | 4,884 | 4,292 | 3,728 | 3,106 | 2,239 | 1,848 | 1,535 | 1,248 | 1,233 | 1,108 | 1,040 | 1,367 | 1,127 |
| Change (%) | -4.52 | 17.63 | 24.19 | 20.71 | 7.71 | -9.65 | 6.90 | -12.12 | -13.15 | -16.68 | -27.89 | -17.48 | -16.92 | -18.72 | -1.22 | -10.10 | -6.17 | 31.48 | -17.56 | |
| % of Revenue | 100.72 | 102.47 | 117.99 | 108.52 | 107.74 | 109.38 | 108.41 | 107.38 | 111.91 | 115.32 | 119.01 | 137.37 | 139.17 | 138.70 | 146.92 | 139.92 | 140.69 | 175.76 | 322.01 | 397.24 |
| Operating Income | -20 | -64 | -478 | -305 | -337 | -434 | -355 | -336 | -457 | -495 | -496 | -609 | -520 | -428 | -399 | -352 | -320 | -448 | -943 | -843 |
| Change (%) | 219.77 | 644.64 | -36.08 | 10.54 | 28.54 | -18.26 | -5.30 | 36.09 | 8.40 | 0.18 | 22.78 | -14.61 | -17.65 | -6.97 | -11.76 | -8.87 | 39.84 | 110.30 | -10.53 | |
| % of Revenue | -0.72 | -2.47 | -17.99 | -8.52 | -7.74 | -9.38 | -8.41 | -7.38 | -11.91 | -15.32 | -19.01 | -37.37 | -39.17 | -38.70 | -46.92 | -39.92 | -40.69 | -75.76 | -222.01 | -297.24 |
| Interest Expense | -470 | -476 | -494 | -510 | -468 | -436 | -408 | -415 | -393 | -412 | -447 | -451 | -456 | -412 | -359 | -308 | -229 | -177 | -128 | -89 |
| Change (%) | 1.34 | 3.60 | 3.36 | -8.18 | -7.00 | -6.35 | 1.82 | -5.29 | 4.65 | 8.45 | 1.09 | 1.08 | -9.62 | -12.87 | -14.28 | -25.76 | -22.71 | -27.33 | -30.38 | |
| % of Revenue | -16.98 | -18.34 | -18.60 | -14.24 | -10.75 | -9.43 | -9.68 | -9.13 | -10.26 | -12.74 | -17.11 | -27.69 | -34.36 | -37.25 | -42.31 | -34.96 | -29.03 | -29.88 | -30.25 | -31.52 |
| Net Income | -369 | -344 | -642 | -421 | -428 | -512 | -414 | -486 | -536 | -618 | -650 | -736 | -692 | -536 | -446 | -34 | 178 | 174 | 185 | 214 |
| Change (%) | -6.82 | 86.61 | -34.38 | 1.62 | 19.52 | -19.03 | 17.31 | 10.32 | 15.25 | 5.29 | 13.16 | -5.97 | -22.55 | -16.76 | -92.29 | -617.03 | -1.94 | 6.27 | 15.62 | |
| % of Revenue | -13.34 | -13.24 | -24.19 | -11.75 | -9.82 | -11.07 | -9.83 | -10.69 | -13.98 | -19.11 | -24.93 | -45.15 | -52.12 | -48.42 | -52.53 | -3.91 | 22.59 | 29.50 | 43.68 | 75.57 |
Source: Capital IQ
