What is Patriot Acquisition Corp./CI's operating income?

Patriot Acquisition Corp./CI's total operating income in 2025 was $36.57 million, based on the following breakdown: Total Gross Profit: $339.99 million Total Operating Expenses: $298.10 million

Patriot Acquisition Corp./CI (PTACU) Financials

$10.05 0.00 (0.00%)

Closing price 09/4/2026 09:19 AM Eastern

Extended Trading

$10.05 0.00 (0.00%)

As of 09/4/2026 09:19 AM Eastern

Annual Income Statements for Patriot Acquisition Corp./CI

This table shows Patriot Acquisition Corp./CI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-103	-71	-107	-157	-134	-33	-3.36
Consolidated Net Income / (Loss)	-103	-54	-107	-157	-134	-33	15
Net Income / (Loss) Continuing Operations	-103	-54	-107	-157	-134	-33	15
Total Pre-Tax Income	-103	-56	-117	-156	-133	-31	27
Total Operating Income	-88	-42	-83	-177	-190	-65	37
Total Gross Profit	56	55	133	168	201	202	340
Total Revenue	78	72	192	276	430	438	482
Operating Revenue	78	72	192	276	430	438	482
Total Cost of Revenue	22	18	60	108	267	236	148
Operating Cost of Revenue	22	18	59	108	229	236	142
Other Cost of Revenue	-	-	1.06	0.81	37	0.24	5.33
Total Operating Expenses	144	97	216	345	354	266	298
Selling, General & Admin Expense	52	28	85	110	101	95	105
Marketing Expense	56	42	84	114	144	123	140
Research & Development Expense	-	-	-	-	51	48	53
Impairment Charge	-	0.00	0.00	61	57	0.00	0.00
Total Other Income / (Expense), net	-15	-13	-34	21	57	34	-9.84
Interest Expense	7.62	8.99	0.65	8.72	-50	15	51
Interest & Investment Income	0.00	0.00	0.70	1.17	8.29	14	12
Other Income / (Expense), net	-7.48	-4.50	-34	29	-0.77	35	30
Income Tax Expense	0.10	-1.69	-10	0.84	0.62	2.12	11
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	19
Basic Earnings per Share	($3.31)	($1.96)	($1.14)	($1.61)	($1.39)	($0.33)	($0.03)
Weighted Average Basic Shares Outstanding	31.17M	36.34M	93.89M	97.35M	96.06M	99.59M	103.69M
Diluted Earnings per Share	($3.31)	($2.03)	($1.14)	($1.61)	($1.39)	($0.33)	($0.03)
Weighted Average Diluted Shares Outstanding	31.17M	36.37M	93.89M	97.35M	96.06M	99.59M	103.69M
Weighted Average Basic & Diluted Shares Outstanding	-	89.42M	98.14M	96.98M	97.60M	120.06M	124.46M

This table shows Patriot Acquisition Corp./CI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.49	-13	-64	14	30	8.40	2.58	-11	-3.48	-4.71	5.60
Consolidated Net Income / (Loss)	-2.49	-13	-64	14	30	3.74	8.25	-0.98	4.32	1.94	-14
Net Income / (Loss) Continuing Operations	-2.49	-13	-64	14	30	3.74	8.25	-0.98	4.32	1.94	-14
Total Pre-Tax Income	-1.90	-13	-64	14	32	4.64	7.16	3.34	12	3.74	-14
Total Operating Income	7.38	-35	-52	-2.50	25	-1.27	5.05	16	16	12	-4.11
Total Gross Profit	113	37	17	62	86	65	83	87	112	91	88
Total Revenue	115	115	111	111	100	105	126	118	140	121	141
Operating Revenue	115	115	111	111	100	105	126	118	140	121	141
Total Cost of Revenue	39	78	94	49	14	39	43	31	34	30	53
Operating Cost of Revenue	44	78	94	49	14	39	43	31	29	30	53
Total Operating Expenses	68	72	69	64	61	67	78	71	90	79	92
Selling, General & Admin Expense	24	26	23	24	22	24	31	27	23	26	36
Marketing Expense	37	34	33	27	28	30	34	30	53	40	41
Research & Development Expense	-	12	13	13	10	13	13	13	14	13	15
Total Other Income / (Expense), net	-9.28	21	-11	17	6.83	5.91	2.11	-13	-4.86	-8.07	-9.45
Interest Expense	11	5.90	10	-12	11	11	12	14	14	15	15
Interest & Investment Income	3.79	3.64	3.53	3.79	2.74	2.81	2.67	2.99	3.21	3.40	3.15
Other Income / (Expense), net	-2.47	24	-4.36	1.02	15	14	11	-2.38	6.24	3.13	2.17
Income Tax Expense	0.59	0.18	0.69	-0.18	1.43	0.90	-1.09	4.32	7.28	1.81	0.59
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	0.00	-	-4.66	5.67	9.88	7.80	6.65	-20
Basic Earnings per Share	($0.01)	($0.14)	($0.65)	$0.14	$0.32	$0.08	$0.03	($0.10)	($0.04)	($0.04)	$0.05
Weighted Average Basic Shares Outstanding	96.06M	99.19M	99.19M	100.43M	99.59M	101.70M	103.16M	104.30M	103.69M	106.07M	111.09M
Diluted Earnings per Share	($0.01)	($0.14)	($0.65)	$0.12	$0.34	$0.07	$0.00	($0.10)	-	($0.04)	$0.05
Weighted Average Diluted Shares Outstanding	96.06M	99.19M	99.19M	124.03M	99.59M	113.30M	131.68M	104.30M	103.69M	106.07M	120.74M
Weighted Average Basic & Diluted Shares Outstanding	97.60M	99.19M	118.77M	119.54M	120.06M	121.54M	122.58M	123.68M	124.46M	127.72M	131.83M

This table details how cash moves in and out of Patriot Acquisition Corp./CI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.06	200	117	-96	69	-100	-28
Net Cash From Operating Activities	-29	-49	-35	-18	34	-32	66
Net Cash From Continuing Operating Activities	-29	-49	-35	-18	34	-32	66
Net Income / (Loss) Continuing Operations	-103	-54	-107	-157	-134	-33	15
Consolidated Net Income / (Loss)	-103	-54	-107	-157	-134	-33	15
Depreciation Expense	7.38	6.64	16	28	24	26	24
Non-Cash Adjustments To Reconcile Net Income	53	15	49	109	48	-5.11	29
Changes in Operating Assets and Liabilities, net	13	-16	6.38	2.07	95	-19	-2.20
Net Cash From Investing Activities	-5.21	-11	-263	-80	-56	-45	-72
Net Cash From Continuing Investing Activities	-5.21	-11	-263	-80	-56	-45	-72
Purchase of Property, Plant & Equipment	-4.57	-2.88	-4.69	-10	-10	-13	-14
Acquisitions	0.12	-7.79	-256	-39	-1.97	0.00	0.00
Purchase of Investments	0.00	0.00	-24	-53	-91	-111	-148
Divestitures	-0.75	-	-	0.00	0.00	11	1.22
Sale and/or Maturity of Investments	0.00	0.00	22	22	47	68	90
Net Cash From Financing Activities	34	260	416	1.23	91	-24	-22
Net Cash From Continuing Financing Activities	34	259	416	1.23	91	-24	-22
Repayment of Debt	-0.20	-82	-43	-31	-20	-24	-73
Repurchase of Common Equity	0.00	-0.04	0.00	-1.81	-5.61	0.00	0.00
Issuance of Debt	31	66	414	15	117	0.00	51
Other Financing Activities, net	0.11	299	45	19	0.32	0.00	0.00
Cash Interest Paid	3.47	9.10	2.66	3.51	12	24	29
Cash Income Taxes Paid	-	0.00	0.00	-0.67	-2.29	0.62	0.56

This table details how cash moves in and out of Patriot Acquisition Corp./CI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-64	19	-31	-69	-20	-31	22	4.90	-24	10	16
Net Cash From Operating Activities	-41	8.47	-26	12	-27	-11	36	41	1.20	13	41
Net Cash From Continuing Operating Activities	-41	8.47	-26	12	-27	-11	36	41	1.20	13	41
Net Income / (Loss) Continuing Operations	-2.49	-13	-64	14	30	3.74	8.25	-0.98	4.32	1.94	-14
Consolidated Net Income / (Loss)	-2.49	-13	-64	14	30	3.74	8.25	-0.98	4.32	1.94	-14
Depreciation Expense	5.91	6.32	6.20	6.05	6.95	5.99	5.43	5.87	7.19	5.08	11
Non-Cash Adjustments To Reconcile Net Income	-37	33	40	-37	-41	16	1.80	15	-3.27	20	28
Changes in Operating Assets and Liabilities, net	-6.94	-18	-7.80	29	-23	-37	20	21	-7.03	-14	16
Net Cash From Investing Activities	-22	13	-3.93	-61	7.15	-19	-5.90	-24	-23	-0.39	-25
Net Cash From Continuing Investing Activities	-22	13	-3.93	-61	7.15	-19	-5.90	-24	-23	-0.39	-25
Purchase of Property, Plant & Equipment	-2.40	-2.36	-3.19	-3.38	-3.87	-3.35	-3.68	-3.85	-3.49	-3.73	-5.14
Purchase of Investments	-31	4.71	-24	-79	-13	-41	-35	-29	-44	-30	-33
Sale and/or Maturity of Investments	12	10	12	21	24	25	32	7.07	25	33	13
Net Cash From Financing Activities	-1.46	-2.50	-0.63	-20	-0.44	-0.23	-7.78	-12	-2.38	-2.39	0.31
Net Cash From Continuing Financing Activities	-1.46	-2.50	-0.63	-20	-0.44	-0.23	-7.78	-12	-2.38	-2.39	0.31
Repayment of Debt	-1.46	-2.50	-0.63	-20	-0.44	-0.23	-59	-12	-2.38	0.12	0.31
Cash Interest Paid	10	0.97	11	0.46	11	0.01	12	0.09	17	0.04	17
Cash Income Taxes Paid	0.09	0.17	0.36	0.01	0.08	0.09	0.26	0.10	0.11	8.26	4.99

This table presents Patriot Acquisition Corp./CI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	48	268	1,039	1,049	899	814	797
Total Current Assets	10	216	605	611	481	365	88
Cash & Equivalents	4.18	196	316	215	258	168	160
Restricted Cash	0.00	11	8.55	14	39	29	8.50
Short-Term Investments	-	0.00	9.25	37	36	24	20
Accounts Receivable	4.71	4.27	29	26	24	19	20
Prepaid Expenses	1.29	4.08	14	11	13	8.39	10
Other Current Assets	-	0.00	228	308	111	117	4.67
Plant, Property, & Equipment, net	6.66	4.59	6.67	12	17	23	28
Total Noncurrent Assets	32	48	427	426	401	623	545
Long-Term Investments	-	0.00	58	55	104	355	228
Goodwill	18	28	226	245	192	192	192
Intangible Assets	9.83	16	130	108	87	69	54
Other Noncurrent Operating Assets	3.53	0.38	5.69	5.85	19	6.99	71
Total Liabilities & Shareholders' Equity	48	268	1,039	1,049	899	814	797
Total Liabilities	108	161	822	970	935	857	775
Total Current Liabilities	57	32	363	516	462	414	68
Short-Term Debt	20	4.75	0.15	16	0.24	0.15	7.77
Accounts Payable	4.81	9.20	6.97	6.27	8.76	4.54	18
Accrued Expenses	17	9.91	38	40	59	41	39
Customer Deposits	3.17	2.66	15	20	18	13	13
Current Deferred Revenue	3.33	5.21	201	271	249	249	4.55
Total Noncurrent Liabilities	51	129	459	454	473	443	693
Long-Term Debt	41	43	415	425	435	404	385
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	49
Noncurrent Deferred Revenue	-	0.53	-	-	-	-	220
Other Noncurrent Operating Liabilities	10	86	44	29	37	39	39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	-60	107	217	79	-36	-43	22
Total Preferred & Common Equity	-60	107	217	79	-36	-43	-25
Total Common Equity	-60	107	217	79	-36	-43	-25
Common Stock	203	425	641	671	690	717	623
Retained Earnings	-263	-318	-424	-585	-722	-755	-648
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.26	-6.17	-3.86	-5.45	0.64
Noncontrolling Interest	-	-	-	-	-	0.00	47

This table presents Patriot Acquisition Corp./CI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	967	881	876	867	802	771	788	807	819
Total Current Assets	562	480	480	407	111	114	116	101	93
Cash & Equivalents	343	279	274	207	66	76	488	64	187
Restricted Cash	19	37	11	9.95	17	8.41	9.16	8.06	7.56
Short-Term Investments	29	31	34	32	4.51	3.75	15	4.22	30
Accounts Receivable	27	21	21	21	12	12	20	12	26
Prepaid Expenses	46	17	18	17	12	13	26	11	11
Other Current Assets	98	96	121	120	94	46	36	5.33	7.74
Plant, Property, & Equipment, net	16	18	19	21	24	26	28	30	30
Total Noncurrent Assets	390	383	377	439	429	451	468	531	519
Long-Term Investments	87	103	101	166	192	217	213	58	232
Goodwill	192	192	192	192	192	192	192	192	192
Intangible Assets	92	83	78	73	38	35	56	29	43
Other Noncurrent Operating Assets	5.75	5.60	5.58	8.14	7.09	6.97	6.84	253	52
Total Liabilities & Shareholders' Equity	967	881	876	867	802	771	788	807	819
Total Liabilities	1,005	925	978	944	834	773	777	780	800
Total Current Liabilities	522	444	487	492	73	66	87	79	65
Short-Term Debt	1.65	0.15	0.15	0.15	0.00	0.00	7.76	7.78	7.79
Accounts Payable	9.05	5.25	3.13	5.15	5.67	4.18	4.59	11	7.97
Accrued Expenses	42	53	46	47	47	44	65	52	39
Customer Deposits	19	16	14	13	13	13	13	12	11
Current Deferred Revenue	265	216	223	252	8.01	4.26	4.54	4.16	4.26
Total Noncurrent Liabilities	483	481	491	453	687	635	599	692	729
Long-Term Debt	431	432	437	399	409	394	379	391	397
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	-	47	61
Noncurrent Deferred Revenue	-	-	-	-	215	193	204	215	227
Other Noncurrent Operating Liabilities	52	49	54	54	63	48	16	38	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.01
Total Equity & Noncontrolling Interests	-37	-44	-102	-77	-32	-2.19	10	26	19
Total Preferred & Common Equity	-37	-44	-102	-77	-52	-29	-28	-25	-12
Total Common Equity	-37	-44	-102	-77	-52	-29	-28	-25	-12
Common Stock	690	696	703	709	584	604	617	630	639
Retained Earnings	-720	-735	-800	-785	-637	-634	-645	-655	-650
Accumulated Other Comprehensive Income / (Loss)	-7.64	-4.69	-4.90	-1.06	0.28	0.30	0.35	-0.32	-0.53
Noncontrolling Interest	-	-	-	-	20	27	38	52	31

This table displays calculated financial ratios and metrics derived from Patriot Acquisition Corp./CI's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-6.83%	166.16%	43.40%	55.94%	1.75%	10.18%
EBITDA Growth	0.00%	54.56%	-150.80%	-19.58%	-38.65%	97.73%	2,495.27%
EBIT Growth	0.00%	51.12%	-150.20%	-26.71%	-28.99%	84.66%	326.01%
NOPAT Growth	0.00%	52.08%	-97.40%	-112.38%	-7.52%	66.08%	146.36%
Net Income Growth	0.00%	47.70%	-97.30%	-46.86%	14.45%	75.49%	146.66%
EPS Growth	0.00%	38.67%	43.84%	-41.23%	13.66%	76.26%	90.91%
Operating Cash Flow Growth	0.00%	-65.91%	28.54%	49.00%	291.30%	-193.38%	309.64%
Free Cash Flow Firm Growth	0.00%	0.00%	-1,892.83%	75.77%	222.48%	-160.33%	107.49%
Invested Capital Growth	0.00%	-1,616.43%	560.09%	-16.27%	-118.10%	48.23%	86.38%
Revenue Q/Q Growth	0.00%	0.00%	20.69%	4.76%	13.30%	-3.15%	9.02%
EBITDA Q/Q Growth	0.00%	0.00%	4.64%	-12.39%	18.38%	90.50%	-15.80%
EBIT Q/Q Growth	0.00%	0.00%	2.63%	-10.44%	16.58%	54.45%	-20.66%
NOPAT Q/Q Growth	0.00%	0.00%	2.16%	-9.67%	17.78%	21.51%	-47.41%
Net Income Q/Q Growth	0.00%	0.00%	0.35%	-10.88%	19.76%	50.10%	-63.07%
EPS Q/Q Growth	0.00%	0.00%	45.19%	-17.52%	20.57%	51.47%	-109.68%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	52.60%	-419.81%	-49.75%	31.20%	72.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	56.15%	-17.94%	-34.76%	116.15%
Invested Capital Q/Q Growth	0.00%	0.00%	89.30%	-3.12%	55.36%	79.65%	89.11%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	72.29%	75.71%	68.93%	60.72%	46.69%	46.12%	70.48%
EBITDA Margin	-113.70%	-55.45%	-52.25%	-43.57%	-38.74%	-0.86%	18.80%
Operating Margin	-113.57%	-58.41%	-43.32%	-64.16%	-44.24%	-14.75%	7.58%
EBIT Margin	-123.21%	-64.64%	-60.77%	-53.69%	-44.42%	-6.69%	13.73%
Profit (Net Income) Margin	-133.15%	-74.73%	-55.40%	-56.74%	-31.13%	-7.50%	3.18%
Tax Burden Percent	100.09%	96.97%	91.21%	100.54%	100.47%	106.89%	57.30%
Interest Burden Percent	107.97%	119.23%	99.95%	105.09%	69.75%	104.79%	40.36%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	42.70%
Return on Invested Capital (ROIC)	0.00%	0.00%	-62.16%	-56.23%	-161.98%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	8.49%	-101.43%	-163.12%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-3.57%	-49.41%	-451.40%	0.00%	0.00%
Return on Equity (ROE)	172.26%	-228.24%	-65.73%	-105.64%	-613.39%	83.21%	-147.01%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-146.06%	-38.52%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-197.26%	-29.50%	-17.89%	-14.19%	-19.62%	-3.42%	8.22%
Return on Assets (ROA)	-213.17%	-34.11%	-16.31%	-15.00%	-13.75%	-3.83%	1.90%
Return on Common Equity (ROCE)	172.26%	-228.24%	-65.73%	-105.64%	-613.39%	83.21%	-478.62%
Return on Equity Simple (ROE_SIMPLE)	172.26%	-50.34%	-49.12%	-197.29%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-62	-30	-58	-124	-133	-45	21
NOPAT Margin	-79.50%	-40.89%	-30.33%	-44.91%	-30.97%	-10.32%	4.34%
Net Nonoperating Expense Percent (NNEP)	73.12%	-47.73%	-70.64%	45.19%	1.13%	-104.24%	-2,071.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-23.78%	-33.31%	-12.53%	5.05%
Cost of Revenue to Revenue	27.71%	24.29%	31.07%	39.28%	61.95%	53.94%	30.63%
SG&A Expenses to Revenue	67.03%	39.00%	44.04%	39.80%	23.49%	21.75%	21.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	11.96%	10.99%	11.05%
Operating Expenses to Revenue	185.86%	134.12%	112.26%	124.88%	82.28%	60.81%	61.79%
Earnings before Interest and Taxes (EBIT)	-96	-47	-117	-148	-191	-29	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-88	-40	-101	-120	-167	-3.79	91
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.87	7.04	2.38	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	4.88	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.93	4.26	7.94	0.69	0.71	1.34	2.34
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	6.47	1.55	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.67	2.05	8.06	1.13	0.71	0.95	1.80
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	9.55
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	13.08
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	41.34
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	8.96	0.00	13.04
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.58	0.00	0.00	2.92	0.00	184.46
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	-1.02	0.45	1.91	5.57	-12.21	-9.35	17.55
Long-Term Debt to Equity	-0.68	0.40	1.91	5.36	-12.20	-9.34	17.20
Financial Leverage	-0.95	-2.17	-0.42	0.49	2.77	-0.30	0.03
Leverage Ratio	-0.81	6.69	4.03	7.04	44.62	-21.71	-77.33
Compound Leverage Factor	-0.87	7.98	4.03	7.40	31.12	-22.75	-31.21
Debt to Total Capital	5,356.70%	30.90%	65.65%	84.77%	108.92%	111.98%	94.61%
Short-Term Debt to Total Capital	1,793.25%	3.06%	0.02%	3.16%	0.06%	0.04%	1.87%
Long-Term Debt to Total Capital	3,563.45%	27.84%	65.62%	81.61%	108.86%	111.94%	92.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.32%
Common Equity to Total Capital	-5,256.70%	69.10%	34.35%	15.23%	-8.92%	-11.98%	-5.93%
Debt to EBITDA	-0.69	-1.20	-4.12	-3.67	-2.61	-106.66	4.33
Net Debt to EBITDA	-0.65	3.98	-0.23	-1.01	0.00	45.52	-3.42
Long-Term Debt to EBITDA	-0.46	-1.08	-4.12	-3.54	-2.61	-106.62	4.25
Debt to NOPAT	-0.99	-1.62	-7.11	-3.56	-3.27	-8.94	18.75
Net Debt to NOPAT	-0.92	5.39	-0.39	-0.98	0.01	3.81	-14.79
Long-Term Debt to NOPAT	-0.66	-1.46	-7.10	-3.43	-3.27	-8.93	18.38
Altman Z-Score	-12.86	0.01	0.64	-0.76	-1.13	-0.54	0.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-225.56%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.18	6.80	1.67	1.18	1.04	0.88	1.30
Quick Ratio	0.15	6.31	0.97	0.54	0.69	0.51	7.17
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	20	-350	-85	104	-63	4.70
Operating Cash Flow to CapEx	-641.34%	-1,689.90%	-741.36%	-169.72%	336.06%	-247.61%	462.50%
Free Cash Flow to Firm to Interest Expense	0.00	2.18	-541.60	-9.73	0.00	-4.15	0.09
Operating Cash Flow to Interest Expense	-3.85	-5.42	-53.75	-2.03	0.00	-2.10	1.30
Operating Cash Flow Less CapEx to Interest Expense	-4.45	-5.74	-61.00	-3.23	0.00	-2.95	1.02
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	1.60	0.46	0.29	0.26	0.44	0.51	0.60
Accounts Receivable Turnover	16.47	16.11	11.65	10.00	16.97	20.18	24.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.65	12.85	34.18	29.19	29.57	22.22	19.24
Accounts Payable Turnover	4.47	2.51	7.39	16.38	35.48	35.52	13.18
Days Sales Outstanding (DSO)	22.16	22.66	31.33	36.51	21.51	18.09	14.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	81.59	145.58	49.36	22.28	10.29	10.28	27.70
Cash Conversion Cycle (CCC)	-59.43	-122.92	-18.03	14.23	11.23	7.81	-12.77
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	-3.04	-52	240	201	-36	-19	-2.56
Invested Capital Turnover	-25.54	-2.62	2.05	1.25	5.23	-15.87	-45.12
Increase / (Decrease) in Invested Capital	0.00	-49	292	-39	-237	18	16
Enterprise Value (EV)	207	148	1,552	311	304	416	866
Market Capitalization	150	308	1,529	189	305	588	1,129
Book Value per Share	($1.92)	$4.98	$2.21	$0.79	($0.36)	($0.36)	($0.20)
Tangible Book Value per Share	($2.83)	$2.93	($1.41)	($2.72)	($3.18)	($2.54)	($2.19)
Total Capital	1.14	155	632	521	400	361	415
Total Debt	61	48	415	442	436	404	393
Total Long-Term Debt	41	43	415	425	435	404	385
Net Debt	57	-159	23	122	-0.67	-172	-310
Capital Expenditures (CapEx)	4.57	2.88	4.69	10	10	13	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-31	-19	-91	-154	-314	-270	-446
Debt-free Net Working Capital (DFNWC)	-27	189	242	111	19	-49	28
Net Working Capital (NWC)	-47	184	242	95	19	-49	20
Net Nonoperating Expense (NNE)	42	24	48	33	0.69	-12	5.64
Net Nonoperating Obligations (NNO)	57	-159	23	122	-0.67	24	-25
Total Depreciation and Amortization (D&A)	7.38	6.64	16	28	24	26	24
Debt-free, Cash-free Net Working Capital to Revenue	-39.96%	-25.77%	-47.52%	-55.69%	-72.89%	-61.61%	-92.50%
Debt-free Net Working Capital to Revenue	-34.57%	261.17%	125.81%	40.39%	4.46%	-11.16%	5.85%
Net Working Capital to Revenue	-60.94%	254.60%	125.73%	34.43%	4.40%	-11.20%	4.23%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.14)	$0.00	($1.39)	($0.33)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	93.88M	0.00	96.06M	99.59M	103.69M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.14)	$0.00	($1.39)	($0.33)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	93.88M	0.00	96.06M	99.59M	103.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	98.14M	0.00	97.60M	120.06M	124.46M
Normalized Net Operating Profit after Tax (NOPAT)	-62	-30	-58	-81	-93	-45	21
Normalized NOPAT Margin	-79.50%	-40.89%	-30.33%	-29.34%	-21.66%	-10.32%	4.34%
Pre Tax Income Margin	-133.03%	-77.07%	-60.74%	-56.43%	-30.98%	-7.01%	5.54%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.55	-5.20	-180.73	-16.99	0.00	-1.94	1.29
NOPAT to Interest Expense	-8.10	-3.29	-90.19	-14.21	0.00	-2.99	0.41
EBIT Less CapEx to Interest Expense	-13.15	-5.52	-187.98	-18.18	0.00	-2.79	1.01
NOPAT Less CapEx to Interest Expense	-8.70	-3.61	-97.44	-15.41	0.00	-3.84	0.13
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-55.52%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-55.60%	0.00%	-1.16%	-4.19%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Patriot Acquisition Corp./CI's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	98,874,616.00	97,596,490.00	99,186,767.00	118,772,251.00	119,543,583.00	120,063,981.00	121,537,469.00	122,581,095.00	-	124,461,898.00	127,715,478.00
DEI Adjusted Shares Outstanding	98,874,616.00	97,596,490.00	99,186,767.00	118,772,251.00	119,543,583.00	120,063,981.00	121,537,469.00	122,581,095.00	-	124,461,898.00	127,715,478.00
DEI Earnings Per Adjusted Shares Outstanding	-0.03	-0.14	-0.65	0.12	0.25	0.07	0.02	-0.09	-	-0.04	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	78.77%	32.13%	12.23%	-14.17%	-12.43%	-9.27%	13.74%	6.19%	39.79%	15.64%	11.74%
EBITDA Growth	140.49%	85.31%	67.24%	-45.87%	333.42%	513.00%	143.34%	334.66%	-36.29%	5.07%	-60.88%
EBIT Growth	114.83%	70.79%	64.65%	-169.08%	714.06%	219.60%	129.06%	1,037.70%	-43.18%	14.33%	-111.75%
NOPAT Growth	121.84%	10.02%	67.08%	-1,920.73%	363.66%	95.80%	115.83%	-89.36%	-74.43%	699.70%	-149.51%
Net Income Growth	92.99%	65.51%	26.03%	350.38%	1,325.82%	127.96%	112.82%	-106.83%	-85.83%	-48.18%	-271.58%
EPS Growth	97.30%	65.85%	28.57%	300.00%	3,500.00%	150.00%	100.00%	-183.33%	0.00%	-157.14%	0.00%
Operating Cash Flow Growth	-454.83%	138.42%	-295.94%	-85.15%	35.07%	-232.05%	236.96%	228.59%	104.51%	216.50%	16.02%
Free Cash Flow Firm Growth	1,475.55%	481.28%	-69.93%	-97.06%	-97.35%	-108.41%	-177.62%	-967.27%	-257.80%	-866.53%	61.89%
Invested Capital Growth	-118.10%	-131.81%	-4,386.44%	-13.56%	48.23%	29.88%	49.51%	74.55%	86.38%	448.73%	25.65%
Revenue Q/Q Growth	-11.53%	0.73%	-3.98%	0.32%	-9.75%	4.37%	20.37%	-1.02%	18.81%	-13.66%	16.31%
EBITDA Q/Q Growth	28.42%	-142.65%	-997.14%	109.01%	928.28%	-59.36%	15.13%	-9.65%	50.72%	-32.98%	-57.14%
EBIT Q/Q Growth	127.81%	-322.78%	-419.90%	97.38%	2,784.54%	-67.27%	26.33%	-15.52%	62.66%	-34.13%	-112.98%
NOPAT Q/Q Growth	3,608.54%	-569.76%	-51.38%	93.10%	1,044.41%	-104.26%	670.39%	-182.58%	227.53%	-0.17%	-147.09%
Net Income Q/Q Growth	56.72%	-437.49%	-381.39%	122.36%	111.89%	-87.74%	120.74%	-111.91%	539.61%	-55.15%	-830.89%
EPS Q/Q Growth	83.33%	-1,300.00%	-364.29%	118.46%	183.33%	-79.41%	-100.00%	0.00%	0.00%	0.00%	225.00%
Operating Cash Flow Q/Q Growth	-148.96%	120.66%	-406.79%	147.84%	-314.10%	57.98%	418.21%	14.78%	-97.06%	984.26%	216.90%
Free Cash Flow Firm Q/Q Growth	-16.10%	-4.64%	-79.49%	-82.06%	-24.48%	-402.66%	-89.31%	-100.41%	86.26%	-1,753.80%	92.53%
Invested Capital Q/Q Growth	55.36%	-69.55%	-39.61%	-7.46%	79.65%	-129.65%	-0.52%	45.82%	89.11%	5,980.76%	-121.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.28%	32.12%	15.15%	55.50%	86.03%	62.48%	65.56%	73.63%	79.64%	75.00%	62.17%
EBITDA Margin	9.44%	-4.00%	-45.68%	4.10%	46.73%	18.20%	17.40%	16.79%	21.30%	16.53%	6.09%
Operating Margin	6.44%	-30.03%	-47.34%	-2.25%	24.99%	-1.21%	4.00%	13.83%	11.73%	9.75%	-2.92%
EBIT Margin	4.28%	-9.47%	-51.27%	-1.34%	39.80%	12.48%	13.10%	11.82%	16.18%	12.34%	-1.38%
Profit (Net Income) Margin	-2.17%	-11.57%	-58.03%	12.93%	30.36%	3.57%	6.54%	-0.83%	3.08%	1.60%	-10.04%
Tax Burden Percent	130.98%	101.35%	101.08%	101.29%	95.51%	80.53%	115.18%	-29.40%	37.23%	51.75%	104.31%
Interest Burden Percent	-38.68%	120.60%	111.96%	-954.23%	79.88%	35.48%	43.35%	23.94%	51.09%	25.03%	698.87%
Effective Tax Rate	0.00%	0.00%	0.00%	-1.29%	4.49%	19.47%	-15.18%	129.40%	62.77%	48.25%	0.00%
Return on Invested Capital (ROIC)	23.58%	-145.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	46.84%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	10.91%	-129.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	39.46%	0.00%
Return on Net Nonoperating Assets (RNNOA)	30.20%	-11,906.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-778.33%	0.00%
Return on Equity (ROE)	53.78%	-12,052.32%	123.93%	115.19%	83.21%	41.45%	-109.20%	-124.63%	-147.01%	-731.49%	-103.32%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-111.44%	0.00%
Operating Return on Assets (OROA)	1.89%	-4.57%	-25.09%	-0.66%	20.34%	6.33%	7.04%	6.32%	9.69%	7.65%	-0.89%
Return on Assets (ROA)	-0.96%	-5.59%	-28.39%	6.37%	15.52%	1.81%	3.51%	-0.44%	1.84%	0.99%	-6.49%
Return on Common Equity (ROCE)	53.78%	-12,052.32%	123.93%	115.19%	83.21%	52.57%	-137.64%	-196.55%	-478.62%	-9,913.41%	247.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	247.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	5.17	-24	-37	-2.54	24	-1.02	5.82	-4.80	6.12	6.11	-2.88
NOPAT Margin	4.51%	-21.02%	-33.14%	-2.28%	23.87%	-0.97%	4.61%	-4.07%	4.37%	5.05%	-2.04%
Net Nonoperating Expense Percent (NNEP)	12.66%	-16.68%	108.86%	56.70%	-54.95%	32.85%	19.15%	15.45%	-664.64%	7.38%	-24.26%
Return On Investment Capital (ROIC_SIMPLE)	1.29%	-6.25%	-10.97%	-0.79%	6.64%	-0.27%	1.48%	-1.21%	1.48%	1.44%	-0.68%
Cost of Revenue to Revenue	34.16%	67.88%	84.85%	44.50%	14.21%	37.52%	34.44%	26.37%	24.16%	25.00%	37.83%
SG&A Expenses to Revenue	20.57%	22.09%	20.89%	21.85%	22.21%	22.91%	24.50%	22.91%	16.58%	21.41%	25.33%
R&D to Revenue	0.00%	10.65%	11.66%	11.41%	10.20%	12.60%	10.37%	11.33%	9.74%	10.76%	10.42%
Operating Expenses to Revenue	59.40%	62.15%	62.50%	57.75%	60.80%	63.69%	61.55%	59.80%	64.11%	65.25%	65.09%
Earnings before Interest and Taxes (EBIT)	4.91	-11	-57	-1.49	40	13	17	14	23	15	-1.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	-4.62	-51	4.56	47	19	22	20	30	20	8.58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.71	0.92	0.32	0.40	1.34	2.05	3.24	4.65	2.34	1.79	3.74
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	25.67	67.24	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.90%	1.49%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.02	0.00
Enterprise Value to Revenue (EV/Rev)	0.71	0.88	0.35	0.37	0.95	2.40	3.50	3.97	1.80	2.42	3.70
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	51.54	16.75	16.31	9.55	13.19	24.26
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	22.76	21.05	13.08	17.75	38.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	59.86	44.10	41.34	46.54	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.96	6.25	6.57	0.00	0.00	0.00	151.63	45.51	13.04	13.34	19.73
Enterprise Value to Free Cash Flow (EV/FCFF)	2.92	3.23	5.83	0.00	0.00	0.00	0.00	0.00	184.46	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-12.21	-9.86	-4.29	-5.18	-9.35	-12.77	-180.13	36.92	17.55	15.17	20.92
Long-Term Debt to Equity	-12.20	-9.85	-4.28	-5.18	-9.34	-12.77	-180.13	36.18	17.20	14.87	20.51
Financial Leverage	2.77	92.19	-0.37	0.52	-0.30	0.38	0.24	0.74	0.03	-19.72	-5.41
Leverage Ratio	44.62	1,338.38	-13.87	-16.06	-21.71	-22.18	-15.82	-24.87	-77.33	-280.19	92.49
Compound Leverage Factor	-17.26	1,614.09	-15.53	153.27	-17.34	-7.87	-6.86	-5.95	-39.51	-70.12	646.38
Debt to Total Capital	108.92%	111.29%	130.43%	123.93%	111.98%	108.50%	100.56%	97.36%	94.61%	93.82%	95.44%
Short-Term Debt to Total Capital	0.06%	0.04%	0.04%	0.05%	0.04%	0.00%	0.00%	1.95%	1.87%	1.83%	1.83%
Long-Term Debt to Total Capital	108.86%	111.25%	130.39%	123.88%	111.94%	108.50%	100.56%	95.41%	92.74%	91.99%	93.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	5.40%	6.92%	9.66%	11.32%	12.16%	7.35%
Common Equity to Total Capital	-8.92%	-11.29%	-30.43%	-23.93%	-11.98%	-13.90%	-7.47%	-7.02%	-5.93%	-5.97%	-2.79%
Debt to EBITDA	-2.61	-3.09	-12.13	-10.01	-106.66	20.57	4.26	3.59	4.33	4.35	5.17
Net Debt to EBITDA	0.00	0.13	-0.44	0.39	45.52	6.50	0.96	-3.14	-3.42	2.89	-0.66
Long-Term Debt to EBITDA	-2.61	-3.09	-12.13	-10.01	-106.62	20.57	4.26	3.52	4.25	4.27	5.08
Debt to NOPAT	-3.27	-3.31	-7.84	-6.93	-8.94	-18.75	15.23	9.72	18.75	15.36	-5.76
Net Debt to NOPAT	0.01	0.14	-0.28	0.27	3.81	-5.93	3.43	-8.48	-14.79	10.20	0.74
Long-Term Debt to NOPAT	-3.27	-3.31	-7.84	-6.93	-8.93	-18.75	15.23	9.52	18.38	15.06	-5.65
Altman Z-Score	-0.41	-0.37	-0.87	-0.75	-0.26	0.16	0.68	1.11	0.47	0.26	0.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-26.83%	-26.04%	-57.70%	-225.56%	-1,255.24%	339.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	1.08	0.99	0.83	0.88	1.52	1.72	1.33	1.30	1.28	1.45
Quick Ratio	0.69	0.75	0.68	0.53	0.51	1.13	1.39	6.01	7.17	1.01	3.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	242	231	47	8.50	6.42	-19	-37	-74	-10	-188	-14
Operating Cash Flow to CapEx	-1,709.18%	359.30%	-814.62%	367.93%	-686.68%	-334.07%	966.29%	1,060.99%	34.45%	349.02%	803.33%
Free Cash Flow to Firm to Interest Expense	22.87	39.20	4.59	0.00	0.60	-1.73	-3.06	-5.42	-0.71	-12.86	-0.95
Operating Cash Flow to Interest Expense	-3.87	1.44	-2.52	0.00	-2.47	-0.99	2.96	3.00	0.08	0.89	2.79
Operating Cash Flow Less CapEx to Interest Expense	-4.09	1.04	-2.82	0.00	-2.83	-1.29	2.65	2.72	-0.16	0.64	2.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.48	0.49	0.49	0.51	0.51	0.54	0.53	0.60	0.62	0.65
Accounts Receivable Turnover	16.97	20.65	20.39	18.76	20.18	25.85	26.28	21.18	24.45	40.98	27.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	29.57	29.28	27.64	24.57	22.22	20.40	19.34	17.86	19.24	18.51	18.21
Accounts Payable Turnover	35.48	49.70	39.88	35.48	35.52	36.09	40.05	24.20	13.18	16.44	24.47
Days Sales Outstanding (DSO)	21.51	17.68	17.90	19.46	18.09	14.12	13.89	17.23	14.93	8.91	13.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.29	7.34	9.15	10.29	10.28	10.11	9.11	15.08	27.70	22.20	14.92
Cash Conversion Cycle (CCC)	11.23	10.33	8.75	9.17	7.81	4.00	4.77	2.15	-12.77	-13.29	-1.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-36	-62	-86	-92	-19	-43	-43	-24	-2.56	151	-32
Invested Capital Turnover	5.23	6.94	-10.70	-5.20	-15.87	-8.15	-6.83	-7.63	-45.12	9.28	-13.56
Increase / (Decrease) in Invested Capital	-237	-255	-84	-11	18	18	43	69	16	194	11
Enterprise Value (EV)	304	403	166	167	416	1,025	1,549	1,757	866	1,209	1,900
Market Capitalization	305	421	150	182	588	875	1,433	2,057	1,129	892	1,921
Book Value per Share	($0.36)	($0.45)	($1.03)	($0.65)	($0.36)	($0.44)	($0.24)	($0.23)	($0.20)	($0.20)	($0.09)
Tangible Book Value per Share	($3.18)	($3.26)	($3.75)	($2.88)	($2.54)	($2.35)	($2.11)	($2.25)	($2.19)	($1.98)	($1.93)
Total Capital	400	388	335	322	361	377	392	398	415	425	425
Total Debt	436	432	437	399	404	409	394	387	393	399	405
Total Long-Term Debt	435	432	437	399	404	409	394	379	385	391	397
Net Debt	-0.67	-18	16	-15	-172	129	89	-338	-310	265	-52
Capital Expenditures (CapEx)	2.40	2.36	3.19	3.38	3.87	3.35	3.68	3.85	3.49	3.73	5.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-314	-311	-326	-333	-270	-49	-41	-475	-446	-47	-189
Debt-free Net Working Capital (DFNWC)	19	37	-6.64	-84	-49	38	48	37	28	30	37
Net Working Capital (NWC)	19	36	-6.79	-85	-49	38	48	29	20	22	29
Net Nonoperating Expense (NNE)	7.65	-11	28	-17	-6.52	-4.76	-2.43	-3.82	1.81	4.18	11
Net Nonoperating Obligations (NNO)	-0.67	-18	16	-15	24	-11	-41	-34	-25	124	-52
Total Depreciation and Amortization (D&A)	5.91	6.32	6.20	6.05	6.95	5.99	5.43	5.87	7.19	5.08	11
Debt-free, Cash-free Net Working Capital to Revenue	-72.89%	-67.74%	-69.33%	-73.66%	-61.61%	-11.55%	-9.20%	-107.41%	-92.50%	-9.34%	-36.75%
Debt-free Net Working Capital to Revenue	4.46%	7.97%	-1.41%	-18.69%	-11.16%	8.97%	10.74%	8.34%	5.85%	5.99%	7.15%
Net Working Capital to Revenue	4.40%	7.94%	-1.44%	-18.72%	-11.20%	8.97%	10.74%	6.59%	4.23%	4.43%	5.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	($0.14)	($0.65)	$0.14	$0.32	$0.08	$0.03	($0.10)	($0.04)	($0.04)	$0.05
Adjusted Weighted Average Basic Shares Outstanding	96.06M	97.51M	99.19M	119.54M	99.59M	121.54M	103.16M	104.30M	103.69M	106.07M	111.09M
Adjusted Diluted Earnings per Share	($0.01)	($0.14)	($0.65)	$0.12	$0.34	$0.07	$0.00	($0.10)	$0.00	($0.04)	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	96.06M	97.51M	99.19M	119.54M	99.59M	121.54M	131.68M	104.30M	103.69M	106.07M	120.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	97.60M	99.19M	118.77M	119.54M	120.06M	121.54M	122.58M	123.68M	124.46M	127.72M	131.83M
Normalized Net Operating Profit after Tax (NOPAT)	5.17	-24	-37	-1.75	24	-1.02	3.53	11	12	6.11	-2.88
Normalized NOPAT Margin	4.51%	-21.02%	-33.14%	-1.58%	23.87%	-0.97%	2.80%	9.68%	8.21%	5.05%	-2.04%
Pre Tax Income Margin	-1.66%	-11.42%	-57.41%	12.77%	31.79%	4.43%	5.68%	2.83%	8.27%	3.09%	-9.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.46	-1.85	-5.50	0.00	3.71	1.16	1.37	1.03	1.59	1.02	-0.13
NOPAT to Interest Expense	0.49	-4.12	-3.56	0.00	2.22	-0.09	0.48	-0.35	0.43	0.42	-0.19
EBIT Less CapEx to Interest Expense	0.24	-2.25	-5.81	0.00	3.35	0.87	1.07	0.74	1.34	0.77	-0.48
NOPAT Less CapEx to Interest Expense	0.26	-4.52	-3.87	0.00	1.86	-0.39	0.18	-0.64	0.18	0.16	-0.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-4.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.58%	-28.28%

Financials Breakdown Chart

Key Financial Trends

Note: The supplied financial statements identify the company as Porch Group, Inc. (NASDAQ: PRCH), rather than PropTech Acquisition (OTCMKTS: PTACU). The analysis below therefore applies to the financial data provided for PRCH.

Porch Group’s second quarter of 2026 showed strong top-line growth but weaker operating profitability. Revenue increased to $140.9 million from $121.1 million in the first quarter and $126.1 million in the year-ago quarter, representing approximately 12% year-over-year growth. However, gross profit declined to $87.6 million from $90.8 million in Q1, while the gross margin fell to roughly 62% from 75%. Higher cost of revenue and operating expenses pushed the company to a $4.1 million operating loss, compared with operating income of $11.8 million in Q1.

Cash flow improved considerably in the latest quarter. Operating cash flow rose to $41.3 million, compared with $13.0 million in Q1 2026 and $35.6 million in Q2 2025. This improvement was driven heavily by $28.5 million of noncash adjustments and a $16.4 million benefit from operating assets and liabilities, so investors should not assume the entire increase represents recurring earnings power. After investing and financing activity, cash increased by $16.2 million during Q2.

The balance sheet presents a mixed picture. Cash and equivalents increased to $187.5 million from $64.2 million at the end of Q1, while long-term investments reached $231.8 million. At the same time, total liabilities rose to $799.6 million, including $397.5 million of long-term debt and $227.2 million of noncurrent deferred revenue. Common equity remained negative at $11.8 million, although total equity including noncontrolling interests was positive at $19.4 million.

Revenue reached $140.9 million in Q2 2026, up approximately 12% from Q2 2025 and nearly 16% from Q1 2026.
Operating cash flow improved to $41.3 million, the strongest quarterly result among the 2026 periods provided.
Cash and equivalents increased by $123.3 million from March 31, 2026, to $187.5 million at June 30, 2026.
The company continues to hold substantial investment assets, including $231.8 million of long-term investments and $30.4 million of short-term investments.
Revenue has been volatile but recently recovered from $104.7 million in Q1 2025 to $140.9 million in Q2 2026.
Q2 operating cash flow relied substantially on noncash adjustments and favorable working-capital movements, which may not recur at the same level.
Cash investing activity remained negative as the company purchased $32.7 million of investments and spent $5.1 million on property and equipment, partly offset by investment sales.
The company reported a $14.2 million consolidated net loss in Q2 2026, compared with net income of $1.9 million in Q1 2026 and $8.2 million in Q2 2025.
Gross margin compressed sharply to approximately 62% from 75% in Q1 2026, suggesting cost pressure or a less favorable revenue mix.
Leverage and capital structure remain concerns: total liabilities were $799.6 million, long-term debt was $397.5 million, common equity was negative, and weighted-average basic shares increased to 111.1 million from 103.2 million in Q1.

09/07/26 09:35 AM ETAI Generated. May Contain Errors.

Patriot Acquisition Corp./CI Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Patriot Acquisition Corp./CI's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Patriot Acquisition Corp./CI's net income appears to be on a downward trend, with a most recent value of $15.32 million in 2025, falling from -$103.32 million in 2019. The previous period was -$32.83 million in 2024.

Patriot Acquisition Corp./CI's total operating income in 2025 was $36.57 million, based on the following breakdown:

Total Gross Profit: $339.99 million
Total Operating Expenses: $298.10 million

Over the last 6 years, Patriot Acquisition Corp./CI's total revenue changed from $77.60 million in 2019 to $482.41 million in 2025, a change of 521.7%.

Patriot Acquisition Corp./CI's total liabilities were at $775.04 million at the end of 2025, a 9.6% decrease from 2024, and a 614.7% increase since 2019.

In the past 6 years, Patriot Acquisition Corp./CI's cash and equivalents has ranged from $4.18 million in 2019 to $315.74 million in 2021, and is currently $160.05 million as of their latest financial filing in 2025.

Over the last 6 years, Patriot Acquisition Corp./CI's book value per share changed from -1.92 in 2019 to -0.20 in 2025, a change of -89.7%.

Financial statements for NASDAQ:PTACU last updated on 9/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Patriot Acquisition Corp./CI (PTACU) Financials

Financials Breakdown Chart

Key Financial Trends

Patriot Acquisition Corp./CI Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Patriot Acquisition Corp./CI (PTACU) Financials

Annual Income Statements for Patriot Acquisition Corp./CI

Quarterly Income Statements for Patriot Acquisition Corp./CI

Annual Cash Flow Statements for Patriot Acquisition Corp./CI

Quarterly Cash Flow Statements for Patriot Acquisition Corp./CI

Annual Balance Sheets for Patriot Acquisition Corp./CI

Quarterly Balance Sheets for Patriot Acquisition Corp./CI

Annual Metrics And Ratios for Patriot Acquisition Corp./CI

Quarterly Metrics And Ratios for Patriot Acquisition Corp./CI

Financials Breakdown Chart

Key Financial Trends

Patriot Acquisition Corp./CI Financials - Frequently Asked Questions

When does Patriot Acquisition Corp./CI's fiscal year end?

How has Patriot Acquisition Corp./CI's net income changed over the last 6 years?

What is Patriot Acquisition Corp./CI's operating income?

How has Patriot Acquisition Corp./CI's revenue changed over the last 6 years?

How much debt does Patriot Acquisition Corp./CI have?

How much cash does Patriot Acquisition Corp./CI have?

How has Patriot Acquisition Corp./CI's book value per share changed over the last 6 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools