Revenue expansion has been significant, though profitability remains volatile with gross margins rebounding from a 25.1% low in 2025Q3 to 60.9% by 2025Q4.
| Sales/Revenue | 998.65M | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - |
| Gross Profit | 533.54M | 388.21M | 357.01M | 367.29M | 384.68M | 423.33M | -812.12M |
| Gross Margin % | 53.43% | 51.13% | 55.49% | 60.56% | 87.76% | 91.88% | 126.25% |
| Gross Profit Growth % | - | 8.74% | -2.8% | -4.52% | -9.13% | 152.13% | - |
| Operating Expenses | 422.75M | 266.35M | 277.5M | 288.97M | 270.86M | 274.31M | -279.09M |
| OpEx % of Revenue | - | 35.08% | 43.13% | 47.64% | 61.79% | 59.54% | 43.39% |
| Selling, General & Admin | 260.02M | 211.52M | 184.94M | 186.55M | 180.8M | 181.34M | 179.28M |
| SG&A % of Revenue | - | 27.86% | 28.75% | 30.76% | 41.25% | 39.36% | -27.87% |
| Research & Development | 0 | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - |
| Operating Income | 110.8M | 121.86M | 79.52M | 78.32M | 113.82M | 149.02M | -533.03M |
| Operating Margin % | 11.09% | 16.05% | 12.36% | 12.91% | 25.97% | 32.34% | 82.87% |
| Operating Income Growth % | - | 53.26% | 1.52% | -31.19% | -23.62% | 127.96% | - |
| EBITDA | 120.11M | 131.41M | 86.5M | 86.77M | 123.39M | 160.06M | -521.11M |
| EBITDA Margin % | 12.03% | 17.31% | 13.44% | 14.31% | 28.15% | 34.74% | 81.01% |
| EBITDA Growth % | -8.64% | 51.93% | -0.31% | -29.68% | -22.91% | 130.71% | - |
| D&A (Non-Cash Add-back) | 9.32M | 9.55M | 6.98M | 8.45M | 9.58M | 11.04M | 11.92M |
| EBIT | 110.8M | 121.86M | 79.52M | 78.32M | 113.82M | 149.02M | -533.03M |
| Net Interest Income | 615.04M | 503.11M | 351.59M | 369.05M | 344.6M | 291.17M | 316.78M |
| Interest Income | 972.6M | 832.79M | 613.94M | 576.3M | 387.26M | 329.06M | 409.78M |
| Interest Expense | 357.56M | 329.68M | 262.35M | 207.25M | 42.66M | 37.9M | 93M |
| Other Income/Expense | 0 | - | - | - | - | - | - |
| Pretax Income | 110.8M | 121.86M | 79.52M | 78.32M | 113.82M | 149.02M | -533.03M |
| Pretax Margin % | 11.09% | 16.05% | 12.36% | 12.91% | 25.97% | 32.34% | 82.87% |
| Income Tax | 31.09M | 31.59M | 18.51M | 8.72M | 21.29M | 30.36M | -19.85M |
| Effective Tax Rate % | 28.06% | 25.92% | 23.28% | 11.14% | 18.7% | 20.37% | 3.72% |
| Net Income | 79.71M | 90.27M | 61M | 69.6M | 92.53M | 118.66M | -533.02M |
| Net Margin % | 7.98% | 11.89% | 9.48% | 11.47% | 21.11% | 25.76% | 82.86% |
| Net Income Growth % | -10.98% | 47.98% | -12.35% | -24.79% | -22.02% | 122.26% | - |
| Net Income (Continuing) | 79.71M | 90.27M | 61M | 69.6M | 92.53M | 118.66M | -513.17M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -19.84M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.95 | 1.03 | 0.72 | 0.80 | 1.01 | 1.20 | -5.31 |
| EPS Growth % | -14.56% | 44.06% | -10.63% | -20.79% | -15.48% | 122.53% | - |
| EPS (Basic) | - | 1.03 | 0.72 | 0.81 | 1.02 | 1.21 | -5.31 |
| Diluted Shares Outstanding | 83.9M | 87.7M | 85.52M | 87.01M | 91.83M | 99.11M | 100.54M |
| Basic Shares Outstanding | 83.82M | 87.38M | 85.02M | 86.58M | 91.13M | 98.48M | 100.54M |
| Dividend Payout Ratio | - | - | 78.78% | 68.86% | 43.31% | 31.57% | - |
Earnings volatility from non-operating items
Based on the provided quarterly data, Beacon Financial Corp. has demonstrated a notable revenue expansion, climbing from $134.8M in 2023Q4 to $309.7M by 2025Q4, suggesting that the firm is successfully capturing market share despite the inherent volatility observed in its quarterly top-line performance metrics.
The trajectory of revenue growth appears to be driven by aggressive scaling, though the inconsistency in quarterly figures warrants caution regarding the sustainability of this momentum. Investors should monitor whether this growth is organic or tied to transient market conditions that may not persist in future periods.
As reported in the financial statements, Beacon Financial Corp. has successfully stabilized its gross margin, which rebounded from a low of 25.1% in 2025Q3 to 60.9% by 2025Q4, indicating a significant improvement in the firm's ability to manage its primary cost of revenue effectively.
The sharp fluctuation in gross margins suggests that the firm's cost structure is highly sensitive to operational disruptions or specific accounting adjustments. The recent recovery implies that management has regained control over its core service delivery costs, though the historical volatility suggests potential for future margin compression.
According to the income statement data, Beacon Financial Corp. has achieved positive operating leverage, with operating income scaling to $75.2M in 2025Q4, a marked improvement from the negative operating income of $71.9M reported during the 2025Q3 period of significant operational distress.
The firm's ability to convert revenue growth into operating income appears to be improving, suggesting that fixed overhead costs are being absorbed more efficiently as the business scales. However, the reliance on high-growth periods to offset past losses indicates that the operating model remains sensitive to revenue fluctuations.
Based on the reported figures, Beacon Financial Corp.'s net income has experienced extreme swings, ranging from a $50.2M loss in 2025Q3 to a $53.4M profit in 2025Q4, which suggests that the quality of earnings is currently compromised by significant non-operating or one-time items.
The erratic nature of the bottom line makes it difficult to ascertain a normalized earnings baseline, necessitating a closer look at the non-operating components of the income statement. Investors should be wary of relying on recent profitability metrics until the firm demonstrates a more consistent earnings trajectory.
While Beacon Financial Corp. reported a strong net income of $53.4M in 2025Q4, the historical data reveals a pattern of deep losses, such as the $20.2M deficit in 2024Q1, which raises questions about whether the current profitability is sustainable or merely a temporary cyclical peak.
Short-term observers might focus on the recent earnings surge, but the underlying data suggests a business model prone to sudden, sharp contractions. The lack of consistent profitability over the ten-quarter period warrants a skeptical view of the firm's long-term earnings power without further evidence of structural stability.
Quick answers to the most common questions about buying BBT stock.
Beacon Financial Corp. (BBT) is profitable, generating $90.3M in net income for the fiscal year ending 2025 with a net profit margin of 11.9%.
Beacon Financial Corp. (BBT) reported an operating income of $121.9M, resulting in an operating profit margin of 16.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Beacon Financial Corp. (BBT) generated $388.2M in gross profit for the year, representing a gross profit margin of 51.1%. This demonstrates the company's core pricing power and production efficiency.