JetBrains reported a net financial loss first time in its tracked history

CZKEURUSD CZKEURUSD Income Statement Unit 2021 2022 2023 2024 2025 Total Revenue CZK mil 9,926 11,907 13,400 15,065 16,008 Gross Profit CZK mil 5,332 5,090 4,717 2,834 1,708 Operating Expenses CZK mil 479 1,849 561 632 790 EBITDA CZK mil 4,853 3,242 4,155 2,202 918 Depreciation & Amortization CZK mil 18.2 20.4 66.2 160 167 EBIT CZK mil 4,835 3,221 4,089 2,042 751 Net Financing Costs CZK mil 136 222 -110 -810 1,078 Pre-Tax Income CZK mil 4,697 3,155 4,745 2,982 -325 Income Tax CZK mil 727 865 889 503 -10.0 Net Income CZK mil 3,971 2,290 3,856 2,479 -315 Dividends CZK mil 3,209 4,976 352 1,665 ... Balance Sheet Unit 2021 2022 2023 2024 2025 Total Assets CZK mil 10,145 11,668 10,542 17,427 19,470 Total Non-Current Assets CZK mil 2,708 2,033 2,278 2,480 2,314 Property, Plant & Equipment CZK mil 18.7 100 229 205 215 Total Current Assets CZK mil 7,437 9,635 8,264 14,946 17,156 Inventories CZK mil 11.8 4.34 0.200 0.127 0.128 Cash & Equivalents CZK mil 2,243 474 3,945 6,978 1,444 Working Capital CZK mil 958 778 -665 1,251 -329 Total Liabilities CZK mil 6,487 8,862 9,103 13,703 17,495 Total Debt CZK mil 1.48 3.60 3.65 282 1,924 Net Debt CZK mil -2,873 -5,033 -3,941 -7,885 -7,584 Total Equity CZK mil 3,658 2,806 1,440 3,724 1,974 Ratios Unit 2021 2022 2023 2024 2025 ROE % 99.0 70.8 182 96.0 -11.1 ROA % 39.5 21.0 34.7 17.7 -1.71 ROCE % 116 99.5 185 76.4 26.3 Gross Margin % 53.7 42.7 35.2 18.8 10.7 EBITDA Margin % 48.9 27.2 31.0 14.6 5.73 EBIT Margin % 48.7 27.1 30.5 13.6 4.69 Net Margin % 40.0 19.2 28.8 16.5 -1.97 Net Debt to EBITDA x -0.592 -1.55 -0.948 -3.58 -8.26 Net Debt to Equity % -78.5 -179 -274 -212 -384 Current Ratio x 1.15 1.09 0.926 1.09 0.981 Effective Tax Rate % 15.5 27.4 18.7 16.9 3.08 Cash Flow Unit 2021 2022 2023 2024 2025 Cash Flow from Operating Activities CZK mil 4,027 5,814 4,470 5,059 6,353 Working Capital Changes CZK mil 484 1,992 243 2,878 6,672 Cash Flow from Investing Activities CZK mil -908 -4,374 3,970 -1,946 -10,273 Cash Flow from Financing Activities CZK mil -4,157 -3,208 -4,969 -79.3 -1,613 Net Debt Issuance CZK mil 0 0.904 6.77 273 52.5 Dividends Paid CZK mil -4,157 -3,209 -4,976 -352 -1,665 Change in Cash CZK mil -1,038 -1,769 3,471 3,033 -5,534 Cash Earnings CZK mil 3,989 2,310 3,922 2,639 -148 Cash Conversion Cycle days 22.0 -7.35 -26.0 10.1 31.9 Growth Unit 2021 2022 2023 2024 2025 Revenue Growth % 11.0 20.0 12.5 12.4 6.26 Gross Profit Growth % 4.53 -4.54 -7.34 -39.9 -39.7 Operating Expenses Growth % 30.0 49.1 29.3 35.9 26.5 Staff Expenses Growth % 30.3 52.2 17.3 17.8 34.2 EBITDA Growth % 2.85 -33.2 28.2 -47.0 -58.3 EBIT Growth % 2.78 -33.4 26.9 -50.1 -63.2 Net Income Growth % 7.42 -42.3 68.4 -35.7 -113 Total Assets Growth % 1.89 15.0 -9.65 65.3 11.7 Total Liabilities Growth % 17.1 36.6 2.72 50.5 27.7 Dividends Growth % -22.8 55.0 -92.9 373 ... Total Equity Growth % -16.2 -23.3 -48.7 159 -47.0