ScanTech AI Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1.88	0.54	-	-
Cost of Revenue	1.46	0.45	-	-
Gross Profit	0.42	0.09	-	-
Selling, General & Admin	22.51	5.58	6.28	1.5
Research & Development	3.64	3.4	3.24	2.89
Operating Expenses	26.18	9.01	9.56	4.45
Operating Income	-25.75	-8.92	-9.56	-4.45
Interest Expense	-5.25	-12.36	-10.25	-8.68
Other Non Operating Income (Expenses)	31.12	-1.78	-15.72	-2.16
EBT Excluding Unusual Items	0.12	-23.07	-35.53	-15.29
Other Unusual Items	-0.26	-	-	0.01
Pretax Income	-10.01	-23.07	-35.53	-15.28
Net Income	-10.01	-23.07	-35.53	-15.28
Preferred Dividends & Other Adjustments	0.59	2.26	2.08	1.93
Net Income to Common	-10.59	-25.33	-37.62	-17.21
Shares Outstanding (Basic)	3	1	1	-
Shares Outstanding (Diluted)	3	1	1	-
EPS (Basic)	-3.26	-23.34	-34.67	-
EPS (Diluted)	-3.26	-23.34	-34.67	-
Free Cash Flow	-5.86	-6.62	-5.44	-3.73
Free Cash Flow Per Share	-1.80	-6.11	-5.01	-
Gross Margin	22.48%	17.35%	-	-
Operating Margin	-1369.15%	-1644.83%	-	-
Profit Margin	-563.11%	-4671.28%	-	-
Free Cash Flow Margin	-311.61%	-1221.75%	-	-
EBITDA	-25.72	-8.89	-9.52	-4.4
D&A For EBITDA	0.03	0.03	0.04	0.05
EBIT	-25.75	-8.92	-9.56	-4.45

Source: S&P Capital IQ. Standard template. Financial Sources.