People Incorporated (PPLI) Income Statement
PPLI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPPLI revenue and net income
Where PPLI's revenue goes
2025Each bar shows an amount and its share of revenue. PPLI kept −4.3% of revenue as net income.
PPLI profit margins
PPLI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −37.1% | −23.0% | −2.8% | −3.0% |
| Gross profit | −42.4% | −21.7% | −4.7% | −4.3% |
| Operating income | — | — | — | −4.4% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PPLI quarterly EPS vs estimates
People beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 2, 2026 (estimate $-0.23).
PPLI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.39B | $3.81B | $4.37B | $5.24B | $3.70B | $2.76B | $2.51B | $2.53B | $3.31B | $1.75B |
| Cost of revenue | $809.8M | $1.06B | $1.34B | $1.93B | $1.30B | $745.4M | $547.7M | $501.2M | $651.0M | $383.6M |
| Gross profit | $1.58B | $2.75B | $3.02B | $3.30B | $2.40B | $2.02B | $1.96B | $2.03B | $2.66B | $1.36B |
| Research & development | $196.0M | $323.7M | $334.5M | $318.0M | $230.8M | $185.3M | $132.6M | $177.3M | $250.9M | $128.8M |
| Sales, general & admin | $1.15B | $2.16B | $2.47B | $2.91B | $2.16B | $1.91B | $1.69B | $1.67B | $2.10B | $1.20B |
| Total operating expenses | $1.47B | $2.75B | $3.28B | $3.78B | $2.54B | $2.56B | $1.96B | $2.00B | $2.47B | $1.70B |
| Operating income | $110.0M | −$4.2M | −$260.8M | −$474.8M | −$137.1M | −$537.7M | $5.7M | $35.8M | $188.5M | −$333.2M |
| Interest income | $46.6M | $66.9M | $54.0M | $24.9M | — | — | — | — | — | — |
| Interest expense | $120.0M | $155.9M | $157.6M | $110.2M | $34.3M | $16.2M | $11.9M | $13.1M | $105.3M | $109.1M |
| Income before taxes | −$81.9M | −$692.4M | $367.1M | −$1.53B | $729.8M | $244.2M | $34.3M | $305.6M | $67.0M | −$277.0M |
| Income taxes | $34.8M | −$159.1M | $108.8M | −$331.1M | $139.0M | −$45.7M | −$47.3M | $13.2M | −$291.1M | −$89.5M |
| Net income | −$104.0M | −$539.9M | $265.9M | −$1.17B | $597.5M | $269.7M | $22.9M | $246.8M | $37.0M | −$182.9M |
| EBITDA | $168.7M | −$265.1M | $1.10B | −$977.4M | $913.9M | $456.0M | $175.9M | $186.4M | $288.7M | $36.1M |
| EPS (diluted) | −$6.09 | −$0.22 | −$2.98 | −$6.03 | −$0.04 | $1.32 | $0.27 | $2.90 | $0.42 | −$2.31 |
| Gross margin | 66.2% | 72.2% | 69.2% | 63.1% | 65.0% | 73.0% | 78.2% | 80.2% | 80.3% | 78.0% |
| Operating margin | 4.6% | −0.1% | −6.0% | −9.1% | −3.7% | −19.4% | 0.2% | 1.4% | 5.7% | −19.1% |
| Net margin | −4.3% | −14.2% | 6.1% | −22.4% | 16.2% | 9.8% | 0.9% | 9.7% | 1.1% | −10.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $436.7M | $422.9M | $646.0M | $589.8M | $586.9M | $570.5M | $989.3M | $642.0M | $634.4M | $624.3M | $1.06B | $1.11B |
| Cost of revenue | $156.8M | $159.8M | $195.1M | $207.5M | $202.0M | $205.3M | $262.7M | $243.1M | $253.4M | $259.5M | $304.9M | $342.4M |
| Gross profit | $279.9M | $263.1M | $450.9M | $382.3M | $385.0M | $365.2M | $726.6M | $398.9M | $381.0M | $364.8M | $753.1M | $769.0M |
| Research & development | $34.3M | $39.7M | $46.5M | $49.5M | $49.8M | $50.2M | $80.3M | $53.9M | $53.4M | $63.2M | $83.6M | $79.7M |
| Sales, general & admin | $234.9M | $237.1M | $279.1M | $320.7M | $303.2M | $243.7M | $530.6M | $291.6M | $303.3M | $315.5M | $541.8M | $617.9M |
| Total operating expenses | $294.2M | $303.2M | $356.8M | $402.7M | $384.4M | $329.4M | $676.0M | $390.8M | $402.5M | $428.2M | $790.1M | $801.7M |
| Operating income | −$14.3M | −$40.1M | $94.1M | −$20.4M | $575,000 | $35.8M | $50.6M | $8.1M | −$21.5M | −$63.4M | −$37.0M | −$32.7M |
| Interest income | $9.1M | $9.5M | $9.4M | $11.4M | $11.3M | $14.4M | — | — | — | — | — | — |
| Interest expense | $25.9M | $25.9M | $26.9M | $27.6M | $37.2M | $28.3M | $37.0M | $39.7M | $39.5M | $34.7M | $40.2M | $40.2M |
| Income before taxes | $692.1M | −$17.8M | $2.5M | −$49.0M | $273.7M | −$309.1M | −$262.7M | −$362.4M | −$185.1M | $96.0M | $439.1M | −$510.9M |
| Income taxes | $177.3M | −$15.6M | $78.3M | −$27.3M | $63.0M | −$79.2M | −$63.3M | −$86.2M | −$40.4M | $46.5M | $112.5M | −$118.8M |
| Net income | $509.5M | −$71.9M | −$76.8M | −$21.9M | $211.5M | −$216.8M | −$199.0M | −$243.7M | −$142.2M | $45.0M | $327.8M | −$390.5M |
| EBITDA | −$720.0M | $34.4M | $60.7M | $11.1M | $344.0M | −$245.3M | −$160.6M | −$282.5M | −$104.8M | $180.1M | $644.0M | −$375.6M |
| EPS (diluted) | $6.77 | −$0.49 | $0.16 | −$0.37 | −$0.31 | −$5.57 | $0.23 | −$0.13 | $0.02 | −$0.34 | −$0.60 | −$0.34 |
| Gross margin | 64.1% | 62.2% | 69.8% | 64.8% | 65.6% | 64.0% | 73.4% | 62.1% | 60.1% | 58.4% | 71.2% | 69.2% |
| Operating margin | −3.3% | −9.5% | 14.6% | −3.5% | 0.1% | 6.3% | 5.1% | 1.3% | −3.4% | −10.2% | −3.5% | −2.9% |
| Net margin | 116.7% | −17.0% | −11.9% | −3.7% | 36.0% | −38.0% | −20.1% | −38.0% | −22.4% | 7.2% | 31.0% | −35.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PPLI's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PPLI financial results
In fiscal year 2025 (ended December 31, 2025), People reported revenue of $2.4 billion, down 37.1% from the year before. It had a net loss of $104.0 million, a net profit margin of −4.3%. Diluted earnings per share came to −$6.09. Over five years revenue grew at an average rate of −2.8% a year.
See the PPLI stock overview for the latest quote and news, or the PPLI chart for price history and technical indicators.
PPLI income statement FAQ
What is People's annual revenue?
People reported total revenue of $2.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 37.1% from $3.8 billion the previous year.
Is People profitable?
No. People reported a net loss of $104.0 million in fiscal 2025, a net profit margin of −4.3%; its operating margin was 4.6%.
What is People's gross margin?
People's gross margin was 66.2% in fiscal 2025: for every $100 of revenue, People kept $66 after the direct cost of its products and services.
How much does People spend on research and development?
People spent $196.0 million on research and development in fiscal 2025, 8.2% of revenue.
How fast is People growing?
Revenue grew −2.8% a year on average over the last five fiscal years, from $2.8 billion to $2.4 billion.
What are People's earnings per share?
People earned $-6.09 per diluted share in fiscal 2025, compared with $-0.22 a year earlier.
When will People report its next earnings?
People is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does People's fiscal year end?
People's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.