Sound Point Meridian Capital Inc (SPMC) Financial Statements

Income statement

Metric	TTM	2026	2025	2023
Revenue
Total Revenue	104.0M	(108.0M)	70.1M	64.5M
Cost of Revenue	18.5M	14.0M	18.8M	114.8K
Gross Profit	85.4M	(122.0M)	51.3M	64.4M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	16.8M	4.2M	—	792.4K
General & Admin Expense	16.6M	4.2M	24.0M	792.4K
Selling & Marketing Expense	182.5K	—	314.1K	—
Other Expenses	154.2M	87.7K	29.0M	—
Total Operating Expenses	171.0M	4.3M	29.0M	792.4K
Cost and Expenses	189.6M	18.3M	47.9M	907.2K
Operating Income (EBIT)	(85.6M)	(126.2M)	22.3M	63.6M
Non-Operating
Interest Income	27.0M	65.9M	70.3M	33.1M
Interest Expense	11.6M	14.0M	4.7M	114.8K
Net Interest Income	15.4M	51.9M	65.6M	33.0M
Other Non-Op Income/Expense	(88.3M)	—	(4.7M)	—
Non-Operating Income (excl Interest)	—	—	—	—
EBT (Pre-Tax Income)	(173.9M)	(126.2M)	17.6M	63.6M
Income Tax Expense	—	—	—	—
Bottom Line
Net Income	(173.9M)	(126.2M)	17.6M	63.6M
Earnings from Cont. Ops	(173.9M)	(126.2M)	17.6M	63.6M
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(173.9M)	(126.2M)	17.6M	63.6M
Per Share
Basic EPS	($8.44)	($6.12)	$0.87	$3,140.00
Diluted EPS	($8.44)	($6.12)	$0.87	$3,140.00
Revenue Per Share	$5.04	($5.23)	$3.45	$3.18
Shares
Basic Shares Outstanding	20.6M	20.6M	20.3M	20.3M
Diluted Shares Outstanding	20.6M	20.6M	20.3M	20.3M
Profitability Metrics
EBITDA	(98.3M)	(126.2M)	22.3M	63.6M
D&A	(12.6M)	—	—	—
EBIT	(85.6M)	(126.2M)	22.3M	63.6M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026