AAVE Financials: %{var1} AI Analysis

Breakdown	TTM	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Revenue	34,329	34,329	34,170	34,286	30,095	23,789
Revenue Growth (YoY)	0%	0%	0%	14%	27%	-21%
Cost of Revenue	21,413	21,410	21,727	22,192	19,338	15,232
Gross Profit	12,916	12,919	12,443	12,094	10,757	8,557
Selling, General & Admin	5,949	5,786	5,756	5,511	4,939	4,218
Research & Development	721	674	667	658	522	432
Operating Expenses	7,210	7,094	6,951	6,701	5,685	4,654
Other Non Operating Income (Expenses)	--	-13	-23	-15	-2	--
Pretax Income	4,811	4,811	4,990	4,797	4,595	3,680
Income Tax Expense	1,215	1,215	1,254	1,316	1,166	971
Net Income	3,596	3,596	3,737	10,075	5,260	3,717
Net Income Growth	-4%	-4%	-63%	92%	42%	37%
Shares Outstanding (Diluted)	225.81	228.13	237.57	250.34	263.88	271.07
Shares Change (YoY)	-3%	-4%	-5%	-5%	-3%	0%
EPS (Diluted)	15.92	15.76	15.72	40.24	19.93	13.71
EPS Growth	0%	0%	-61%	102%	45%	37%
Free Cash Flow	3,610	3,610	3,194	19,461	11,905	4,810
Free Cash Flow Per Share	--	--	--	--	--	--
Gross Margin	37.62%	37.63%	36.41%	35.27%	35.74%	35.97%
Operating Margin	16.62%	16.96%	16.07%	15.72%	16.85%	16.4%
Profit Margin	10.47%	10.47%	10.93%	29.38%	17.47%	15.62%
Free Cash Flow Margin	10.51%	10.51%	9.34%	56.76%	39.55%	20.21%
EBITDA	7,740	6,611	6,214	6,022	5,473	5,107
EBITDA Margin	22.54%	19.25%	18.18%	17.56%	18.18%	21.46%
D&A For EBITDA	2,034	786	722	629	401	1,204
EBIT	5,706	5,825	5,492	5,393	5,072	3,903
EBIT Margin	16.62%	16.96%	16.07%	15.72%	16.85%	16.4%
Effective Tax Rate	25.25%	25.25%	25.13%	27.43%	25.37%	26.38%

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