Sound Point Meridian Capital, Inc. (SPMC) Income Statement
SPMC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSPMC revenue and net income
SPMC profit margins
SPMC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −100.0% | — | — | — |
| Gross profit | −289.4% | — | — | — |
| Operating income | −298.5% | — | — | — |
| Net income | −298.5% | — | — | — |
| EPS (diluted) | +39.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPMC quarterly EPS vs estimates
Sound Point Meridian Capital beat the analyst EPS estimate in 2 of the last 5 quarters. Next report: November 12, 2026 (estimate $0.29).
SPMC income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $0 | $64.5M | $64.5M |
| Cost of revenue | $14.0M | $114,809 | $114,809 |
| Gross profit | −$122.0M | $64.4M | $64.4M |
| Sales, general & admin | $4.2M | $792,401 | $792,401 |
| Total operating expenses | $4.3M | $792,401 | $792,401 |
| Operating income | −$126.2M | $63.6M | $63.6M |
| Interest income | $65.9M | — | $33.1M |
| Interest expense | $14.0M | $114,809 | $114,809 |
| Income before taxes | −$126.2M | $63.6M | $63.6M |
| Income taxes | — | $378,578 | — |
| Net income | −$126.2M | $63.6M | $63.6M |
| EBITDA | −$126.2M | $63.6M | $63.6M |
| EPS (diluted) | $2.17 | $1.56 | — |
| Gross margin | — | 99.8% | 99.8% |
| Operating margin | — | 98.6% | 98.6% |
| Net margin | — | 98.6% | 98.6% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | |
|---|---|---|---|---|---|---|
| Revenue | $27.9M | $18.0M | $38.4M | $42.8M | $14.7M | $12.5M |
| Cost of revenue | $8.6M | $0 | $10.0M | $11.6M | $7.2M | — |
| Gross profit | $19.3M | $18.0M | $28.4M | $31.2M | $7.5M | — |
| Sales, general & admin | — | $5.3M | $5.7M | — | $6.3M | $123,953 |
| Total operating expenses | $130.1M | $5.3M | $29.9M | $15.7M | — | — |
| Operating income | −$110.7M | $12.6M | −$1.5M | $15.5M | $6.8M | — |
| Interest income | — | — | — | — | $117,560 | $10.9M |
| Interest expense | $7.9M | $3.7M | — | $4.0M | $140,213 | $45,141 |
| Income before taxes | −$118.7M | −$43.9M | −$7.6M | $11.5M | $6.1M | $12.4M |
| Net income | −$118.7M | −$43.9M | −$7.6M | $11.5M | $6.1M | $12.4M |
| EBITDA | −$110.7M | — | −$1.5M | $15.5M | $6.8M | — |
| EPS (diluted) | $0.33 | $0.44 | $0.53 | $0.66 | $0.86 | — |
| Gross margin | 69.3% | 100.0% | 74.0% | 72.9% | 50.8% | — |
| Operating margin | −396.9% | 70.4% | −3.9% | 36.2% | 46.2% | — |
| Net margin | −425.3% | −244.7% | −19.7% | 26.8% | 41.7% | 99.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SPMC's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPMC financial results
Sound Point Meridian Capital reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $126.2 million. Diluted earnings per share came to $2.17.
See the SPMC stock overview for the latest quote and news, or the SPMC chart for price history and technical indicators.
SPMC income statement FAQ
Does Sound Point Meridian Capital have revenue?
Sound Point Meridian Capital reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Sound Point Meridian Capital profitable?
No. Sound Point Meridian Capital reported a net loss of $126.2 million in fiscal 2025.
What are Sound Point Meridian Capital's earnings per share?
Sound Point Meridian Capital earned $2.17 per diluted share in fiscal 2025, compared with $1.56 a year earlier.
When will Sound Point Meridian Capital report its next earnings?
Sound Point Meridian Capital is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Sound Point Meridian Capital's fiscal year end?
Sound Point Meridian Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.