Revenue: As of FY2025, the actual value is USD 435.88 M.

EPS: As of FY2025, the actual value is USD -1.08.

EBIT: As of FY2025, the actual value is USD -41.07 M.

Segment Revenue

• Total Service Revenue, Net decreased by $6,731,084, or 1.5% year-over-year, from $442,609,814 in 2024 to $435,878,730 in 2025.
• Temporary Placement Services Revenue decreased by $7,419,564, or 1.7%, from $438,820,825 in 2024 to $431,401,261 in 2025, primarily due to lower revenues from the largest client.
• Permanent Placement and Other Services Revenue increased by $688,480, or 18.2%, from $3,788,989 in 2024 to $4,477,469 in 2025, due to higher permanent job demand.

Operational Metrics

• Cost of Revenue decreased by $5,538,524, or 1.4%, from $395,431,491 in 2024 to $389,892,967 in 2025, primarily due to lower service revenue from temporary placement services.
• Gross Profit decreased by $1,192,560, or 2.5%, from $47,178,323 in 2024 to $45,985,763 in 2025.
• Gross Profit Margin experienced a slight decrease year-over-year, from 10.7% in 2024 to 10.6% in 2025.
• Selling, General and Administrative (SG&A) Expenses increased by $27,268,630, or 42.6%, from $64,021,052 in 2024 to $91,289,682 in 2025, mainly due to higher stock compensation expense and a full year of merger-related expenses, partially offset by cost-cutting measures.
• SG&A as a Percentage of Service Revenue, Net increased from 14.5% in 2024 to 20.9% in 2025.
• Depreciation and Amortization decreased by $63,349, or 1.3%, from $4,991,863 in 2024 to $4,928,514 in 2025.
• Loss from Operations was -$50,232,433 in 2025, compared to -$21,834,592 in 2024.
• Interest Expense decreased by $2,840,365, or 23.7%, from $12,004,860 in 2024 to $9,164,495 in 2025, due to deconsolidation of joint and several debt obligations and a lower interest rate on the new Revolver, partially offset by $3,588,223 in interest expense related to a PEO agreement.
• Net Loss was -$59,430,919 in 2025, a decrease of $76,048,971 or 56.1% from -$135,479,890 in 2024.
• Net Loss Per Share (Basic and Diluted) was -$1.08 in 2025, compared to -$3.68 in 2024.

Cash Flow

• Net Cash Used in Operating Activities was -$4,396,505 in 2025, lower than -$5,985,036 in 2024, due to an increase in accrued expenses and other current liabilities.
• Net Cash Used in Investing Activities was -$66,768 in 2025, compared to -$73,456 in 2024, consisting entirely of property and equipment purchases.
• Net Cash Provided by Financing Activities decreased from $5,384,241 in 2024 to $3,865,731 in 2025, consisting of borrowings and payments under debt arrangements.

Unique Metrics

• Client Concentration: One client represented approximately 16% of Lyneer’s 2024 revenues, with no other customer accounting for more than 10% of Lyneer’s revenues in 2024.
• Going Concern: The Company has concluded there is substantial doubt about its ability to continue as a going concern for at least one year from the financial statement issuance date, primarily due to ongoing compilation of consolidated financial information with Circle8.

Outlook / Guidance

The Company expects the combination with Circle8 to enhance scale, liquidity, and access to capital, positioning the combined entity for potential premium valuation multiples and expanded international reach. Management anticipates the transaction will drive operating efficiencies, improve profitability, and strengthen revenue stability through a diversified customer base and balanced geographic exposure. The Company will continue to evaluate going concern provisions in future filings upon completion of all acquisition accounting activities and filing of Circle8’s audited consolidated financial statements and combined pro forma financial statements.