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Market Closed - London S.E. Other stock markets 11:35:16 2026-07-14 am EDT			5-day change	1st Jan Change
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Jun. 30	Trainline plc Announces Appointment of Niall James Mcbride as Independent Non-Executive Director and Board Committees, Effective July 1, 2026	CI
Jun. 24	WINNERS & LOSERS: Segro leads FTSE 100, says ProLogis bid falls short	AN

2a6ca7a834a9ddd81fef.c3pQisto6yn4RsJPVBYYhf1KDVGpK7t6EJWa6wiZyrg.RD8965QOgkfMDa4bBHtW4pE7SBSET91PV-PPm1_cp9U9MmfovVyqH7QImw

Published financial data: TRAINLINE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022	2023	2024	2025	2026
Revenues	189M	327M	397M	442M	453M
Total Revenues	189M	327M	397M	442M	453M
Cost of Goods Sold, Total	35.72M	74.92M	91.43M	89.78M	78.81M
Gross Profit	153M	252M	305M	352M	374M
Selling General & Admin Expenses, Total	163M	225M	241M	258M	251M
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	-	122K
Other Operating Expenses, Total	163M	225M	241M	258M	252M
Operating Income	-10.31M	27.64M	64.34M	94.52M	122M
Interest Expense, Total	-8.25M	-10.27M	-8.37M	-8.11M	-11.99M
Interest And Investment Income	36K	730K	2.74M	4M	2.35M
Net Interest Expenses	-8.22M	-9.54M	-5.62M	-4.11M	-9.64M
Currency Exchange Gains (Loss)	-927K	4K	-1.84M	-584K	1.65M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-19.46M	18.1M	56.88M	89.83M	114M
Restructuring Charges	-	-	-2.26M	-8.94M	-
Merger & Related Restructuring Charges	-	-	-6.5M	-	-
Other Unusual Items	3.91M	3.99M	-	-	-
EBT, Incl. Unusual Items	-15.54M	22.09M	48.12M	80.88M	114M
Income Tax Expense	-3.64M	873K	14.13M	22.54M	34.5M
Earnings From Continuing Operations	-11.9M	21.22M	33.99M	58.35M	79.81M
Net Income to Company	-11.9M	21.22M	33.99M	58.35M	79.81M
Net Income - (IS)	-11.9M	21.22M	33.99M	58.35M	79.81M
Net Income to Common Incl Extra Items	-11.9M	21.22M	33.99M	58.35M	79.81M
Net Income to Common Excl. Extra Items	-11.9M	21.22M	33.99M	58.35M	79.81M
Per Share Items
Net EPS - Basic	-0.02	0.05	0.07	0.13	0.19
Basic EPS - Continuing Operations	-0.02	0.05	0.07	0.13	0.19
Basic Weighted Average Shares Outstanding	478M	469M	467M	446M	411M
Net EPS - Diluted	-0.02	0.04	0.07	0.13	0.19
Diluted EPS - Continuing Operations	-0.02	0.04	0.07	0.13	0.19
Diluted Weighted Average Shares Outstanding	478M	473M	479M	461M	417M
Normalized Basic EPS	-0.03	0.02	0.08	0.13	0.17
Normalized Diluted EPS	-0.03	0.02	0.07	0.12	0.17
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-1.1M	35.06M	72.59M	103M	126M
EBITA	-3.23M	32.92M	70.33M	100M	123M
EBIT	-10.31M	27.64M	64.34M	94.52M	122M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	23.4	3.95	29.36	27.86	30.18
Current Domestic Taxes	3.76M	14.51M	8.11M	11.74M	-
Total Current Taxes	3.76M	14.51M	8.11M	11.74M	27.19M
Total Deferred Taxes	-7.4M	-13.64M	6.02M	10.8M	7.31M
Normalized Net Income	-12.16M	11.31M	35.55M	56.14M	71.45M
Interest on Long-Term Debt	8.25M	10.27M	8.37M	8.11M	11.99M
Non-Cash Pension Expense	-1K	16K	17K	13K	13K
Supplemental Operating Expense Items
Marketing Expenses	-	-	67.43M	70.9M	66.87M
Selling and Marketing Expenses	-	-	67.43M	70.9M	66.87M
General and Administrative Expenses	163M	225M	174M	187M	185M
Research And Development Expense From Footnotes	29.6M	29.84M	29.33M	30.27M	30.74M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	6.78M	17.29M	22.63M	21.44M	13.41M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6.78M	17.29M	22.63M	21.44M	13.41M

Fiscal Period: February	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	68.5M	57.34M	91.08M	76.76M	59.7M
Total Cash And Short Term Investments	68.5M	57.34M	91.08M	76.76M	59.7M
Accounts Receivable, Total	40.37M	48.19M	50.27M	58.7M	78.01M
Other Receivables	4.51M	5.28M	3M	3.86M	3.36M
Total Receivables	44.88M	53.47M	53.27M	62.56M	81.37M
Inventory	-	-	-	-	-
Prepaid Expenses	5.03M	6.69M	5.9M	5.6M	7.55M
Total Current Assets	118M	117M	150M	145M	149M
Gross Property Plant And Equipment	41.82M	42.44M	44.9M	45.18M	88.9M
Accumulated Depreciation	-16.95M	-21.25M	-26.95M	-34.11M	-41.11M
Net Property Plant And Equipment	24.88M	21.19M	17.95M	11.07M	47.79M
Long-term Investments	-	-	-	-	-
Goodwill	417M	421M	419M	416M	420M
Other Intangibles, Total	69.79M	66.83M	70.35M	74.66M	80.97M
Deferred Tax Assets Long-Term	12.56M	26.95M	24.85M	13.43M	2.06M
Total Assets	643M	653M	682M	660M	700M
Liabilities
Accounts Payable, Total	191M	159M	159M	169M	180M
Accrued Expenses, Total	34.04M	36.24M	47.37M	46.01M	39.62M
Current Portion of Long-Term Debt	1.42M	368K	841K	83.03M	600K
Current Portion of Leases	3.49M	4.52M	4.99M	4.34M	2.48M
Current Income Taxes Payable	-	7.64M	3.2M	-	6.32M
Unearned Revenue Current, Total	225K	536K	703K	398K	242K
Other Current Liabilities	2.8M	4.5M	5.44M	3.04M	5.29M
Total Current Liabilities	233M	213M	222M	305M	235M
Long-Term Debt	134M	138M	140M	68.1M	227M
Long-Term Leases	15.5M	10.52M	7.34M	3.11M	32.34M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	873K	778K	837K	952K	1.81M
Total Liabilities	384M	363M	370M	378M	495M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	4.81M	4.81M	4.71M	4.46M	3.85M
Additional Paid In Capital	1.2B	1.2B	-	-	-
Retained Earnings	191M	213M	1.42B	1.39B	1.31B
Treasury Stock	-21.73M	-26.73M	-29.76M	-38.09M	-20.87M
Comprehensive Income and Other	-1.11B	-1.1B	-1.08B	-1.07B	-1.09B
Total Common Equity	259M	291M	312M	283M	204M
Total Equity	259M	291M	312M	283M	204M
Total Liabilities And Equity	643M	653M	682M	660M	700M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	473M	470M	460M	432M	377M
ECS Total Common Shares Outstanding	473M	470M	460M	432M	377M
Book Value / Share	0.55	0.62	0.68	0.65	0.54
Tangible Book Value	-228M	-197M	-177M	-208M	-297M
Tangible Book Value Per Share	-0.48	-0.42	-0.38	-0.48	-0.79
Total Debt	155M	154M	153M	159M	262M
Net Debt	86.41M	96.57M	62.03M	81.82M	202M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-438K	-1.25M	-990K	-774K	-836K
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7.38M	7.73M	9.23M	9.71M	10.69M
Full Time Employees	750	950	1K	990	990
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	300K	400K	400K

Fiscal Period: February	2022	2023	2024	2025	2026
Net Income	-11.9M	21.22M	33.99M	58.35M	79.81M
Depreciation & Amortization - CF	5.9M	6.05M	6.34M	7.29M	9.38M
Amortization of Goodwill and Intangible Assets - (CF)	7.08M	5.28M	5.99M	5.6M	700K
Depreciation & Amortization, Total	12.98M	11.33M	12.33M	12.89M	10.08M
Amortization of Deferred Charges, Total - (CF)	29.6M	29.84M	29.33M	30.27M	30.74M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	765K	-
Stock-Based Compensation (CF)	6.78M	17.29M	22.63M	21.44M	13.41M
Other Operating Activities, Total	6.03M	2.29M	13.54M	21.94M	28.79M
Change In Accounts Receivable	-33.56M	-13.99M	970K	-10.92M	-25.26M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	190M	-29.1M	8.94M	3.45M	-4.55M
Cash from Operations	200M	38.88M	122M	138M	133M
Capital Expenditure	-4.56M	-2.41M	-2.85M	-1.44M	-16.85M
Cash Acquisitions	-	-	-866K	-358K	-232K
Sale (Purchase) of Intangible assets	-24.79M	-32.81M	-37.03M	-40.87M	-36.63M
Cash from Investing	-29.34M	-35.22M	-40.75M	-42.67M	-53.7M
Long-Term Debt Issued, Total	97M	105M	90M	180M	400M
Total Debt Issued	97M	105M	90M	180M	400M
Long-Term Debt Repaid, Total	-212M	-103M	-94.01M	-175M	-324M
Total Debt Repaid	-212M	-103M	-94.01M	-175M	-324M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-16.6M	-7.95M	-35.36M	-106M	-161M
Other Financing Activities, Total	-5.69M	-9.38M	-6.2M	-7.68M	-12.28M
Cash from Financing	-138M	-15.01M	-45.57M	-109M	-97.2M
Foreign Exchange Rate Adjustments	-834K	192K	-1.66M	-781K	829K
Net Change in Cash	31.92M	-11.16M	33.75M	-14.33M	-17.05M
Supplemental Items
Cash Interest Paid	5.58M	6.85M	6.14M	6.86M	8.18M
Cash Income Tax Paid (Refund)	-4.44M	4.14M	10.68M	12.99M	15.9M
Levered Free Cash Flow	173M	3.97M	68.5M	69.33M	62.48M
Unlevered Free Cash Flow	178M	10.38M	73.73M	74.39M	69.98M
Change In Net Working Capital	-164M	30.13M	-9.11M	6.98M	7.21M
Net Debt Issued / Repaid	-115M	2.31M	-4.01M	5.09M	76.29M

Fiscal Period: February	2022	2023	2024	2025	2026
Profitability
Return on Assets	-1.04	2.67	6.02	8.8	11.24
Return on Total Capital	-1.33	4.02	8.84	13.03	16.84
Return On Equity %	-4.38	7.71	11.28	19.62	32.77
Return on Common Equity	-4.38	7.71	11.28	19.62	32.77
Margin Analysis
Gross Profit Margin %	81.05	77.1	76.95	79.69	82.59
SG&A Margin	86.52	68.65	60.73	58.31	55.55
EBITDA Margin %	-0.58	10.72	18.3	23.33	27.79
EBITA Margin %	-1.72	10.06	17.73	22.65	27.17
EBIT Margin %	-5.47	8.45	16.22	21.38	27.02
Income From Continuing Operations Margin %	-6.32	6.49	8.57	13.2	17.63
Net Income Margin %	-6.32	6.49	8.57	13.2	17.63
Net Avail. For Common Margin %	-6.32	6.49	8.57	13.2	17.63
Normalized Net Income Margin	-6.45	3.46	8.96	12.7	15.78
Levered Free Cash Flow Margin	91.64	1.21	17.27	15.68	13.8
Unlevered Free Cash Flow Margin	94.38	3.17	18.59	16.83	15.46
Asset Turnover
Asset Turnover	0.31	0.5	0.59	0.66	0.67
Fixed Assets Turnover	7.43	14.2	20.27	30.47	15.38
Receivables Turnover (Average Receivables)	7.34	7.26	8.06	8.11	6.62
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.51	0.55	0.68	0.47	0.63
Quick Ratio	0.49	0.52	0.65	0.46	0.6
Operating Cash Flow to Current Liabilities	0.86	0.18	0.55	0.45	0.57
Days Sales Outstanding (Average Receivables)	49.7	50.3	45.42	44.98	55.11
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	1.09K	851.53	636.81	666.28	807.23
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	59.7	52.95	49.07	56.09	128.17
Total Debt / Total Capital	37.38	34.62	32.92	35.93	56.17
LT Debt/Equity	57.8	51.27	47.2	25.18	126.67
Long-Term Debt / Total Capital	36.2	33.52	31.66	16.13	55.51
Total Liabilities / Total Assets	59.64	55.5	54.25	57.18	70.79
EBIT / Interest Expense	-1.25	2.69	7.69	11.66	10.2
EBITDA / Interest Expense	0.32	3.79	9.16	13.25	11.04
(EBITDA - Capex) / Interest Expense	-0.23	3.56	8.82	13.07	9.63
Total Debt / EBITDA	58.06	3.95	2	1.48	1.98
Net Debt / EBITDA	32.39	2.48	0.81	0.76	1.53
Total Debt / (EBITDA - Capex)	-82.01	4.21	2.07	1.5	2.27
Net Debt / (EBITDA - Capex)	-45.75	2.64	0.84	0.77	1.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	181.01	73.54	21.27	11.44	2.4
Gross Profit, 1 Yr. Growth %	213.9	75.29	21.04	15.4	6.12
EBITDA, 1 Yr. Growth %	-98.78	-3.3K	107.03	56.05	22.09
EBITA, 1 Yr. Growth %	-96.47	-1.12K	113.66	56.87	22.93
EBIT, 1 Yr. Growth %	-89.66	-368	132.79	63.42	29.48
Earnings From Cont. Operations, 1 Yr. Growth %	-86.96	-278.22	60.18	71.68	36.79
Net Income, 1 Yr. Growth %	-86.96	-278.22	60.18	71.68	36.79
Normalized Net Income, 1 Yr. Growth %	-81.78	-193.05	214.19	78.31	27.26
Diluted EPS Before Extra, 1 Yr. Growth %	-86.95	-279.72	58.26	78.56	51.11
Accounts Receivable, 1 Yr. Growth %	267.97	14.79	4.32	16.75	32.91
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-3.84	-14.82	-15.3	-38.31	331.63
Total Assets, 1 Yr. Growth %	8.45	1.58	4.4	-3.18	5.97
Tangible Book Value, 1 Yr. Growth %	4.75	-13.51	-10.17	17.66	42.63
Common Equity, 1 Yr. Growth %	-8.47	12	7.35	-9.38	-27.72
Cash From Operations, 1 Yr. Growth %	-264.83	-80.52	207.35	13.53	-3.75
Capital Expenditures, 1 Yr. Growth %	267.8	-47.16	18.48	-49.49	1.07K
Levered Free Cash Flow, 1 Yr. Growth %	-218.45	-97.7	1.63K	7.59	-9.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-226.12	-94.16	610.04	6.78	-5.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-14.97	120.83	45.07	16.25	6.82
Gross Profit, 2 Yr. CAGR %	-12.84	127.63	45.66	18.19	10.66
EBITDA, 2 Yr. CAGR %	-79.78	-37.51	713.44	71.5	37.98
EBITA, 2 Yr. CAGR %	-64.18	-40.04	366.41	74.41	38.82
EBIT, 2 Yr. CAGR %	113.57	-47.35	149.78	84.93	45.41
Earnings From Cont. Operations, 2 Yr. CAGR %	-61.65	-51.79	68.96	65.83	53.25
Net Income, 2 Yr. CAGR %	-61.65	-51.79	68.96	65.83	53.25
Normalized Net Income, 2 Yr. CAGR %	40.99	-58.82	70.98	122.76	50.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-62.44	-51.57	68.65	68.11	64.26
Accounts Receivable, 2 Yr. CAGR %	-3.28	109.59	9.43	10.36	24.57
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	11.02	-9.5	-15.06	-27.71	63.18
Total Assets, 2 Yr. CAGR %	-4.25	4.96	2.98	0.54	1.29
Tangible Book Value, 2 Yr. CAGR %	17.8	-4.82	-11.86	2.8	29.55
Common Equity, 2 Yr. CAGR %	-16.58	1.25	9.65	-1.37	-19.07
Cash From Operations, 2 Yr. CAGR %	82.14	-43.34	-21.91	86.8	4.53
Capital Expenditures, 2 Yr. CAGR %	-59.91	39.41	-20.88	-22.64	143
Levered Free Cash Flow, 2 Yr. CAGR %	51.46	-83.51	-37.03	318.12	-1.53
Unlevered Free Cash Flow, 2 Yr. CAGR %	46.47	-72.87	-35.62	167.66	0.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.46	7.85	80.84	32.86	11.43
Gross Profit, 3 Yr. CAGR %	-0.57	7.83	84.42	34.78	14.02
EBITDA, 3 Yr. CAGR %	-68.72	9.34	-6.85	354.69	53.1
EBITA, 3 Yr. CAGR %	-54.45	9.31	-8.41	214.04	55.18
EBIT, 3 Yr. CAGR %	-3.07	130.36	-13.58	109.28	64.18
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.5	-36	-28.07	69.86	55.52
Net Income, 3 Yr. CAGR %	-4.5	-36	-28.07	69.86	55.52
Normalized Net Income, 3 Yr. CAGR %	12.51	22.75	-18.93	66.52	84.84
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.77	-36.71	-28.13	71.89	62.24
Accounts Receivable, 3 Yr. CAGR %	10.34	3.75	66.1	11.82	17.42
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	65.76	1.63	-11.47	-23.65	31.15
Total Assets, 3 Yr. CAGR %	-3.05	-2.34	4.78	0.89	2.32
Tangible Book Value, 3 Yr. CAGR %	-10.87	6.27	-6.64	-2.95	14.66
Common Equity, 3 Yr. CAGR %	3.14	-7.97	3.25	2.9	-11.08
Cash From Operations, 3 Yr. CAGR %	40.37	-13.55	0.17	-11.53	49.76
Capital Expenditures, 3 Yr. CAGR %	-48.08	-56.05	32.05	-31.87	91.26
Levered Free Cash Flow, 3 Yr. CAGR %	92.18	-62.52	-22.27	-26.24	150.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.19	-49.97	-19.45	-25.22	88.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.29	12.95	13.62	11.14	46.5
Gross Profit, 5 Yr. CAGR %	6.48	14.2	14.45	11.86	50.34
EBITDA, 5 Yr. CAGR %	-44.2	13.69	15.16	30.91	6.98
EBITA, 5 Yr. CAGR %	-29.4	14.13	15.51	31.78	6.09
EBIT, 5 Yr. CAGR %	17.85	36.29	41.55	110.98	4.17
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.01	-2.6	19.98	-6.34	-2.65
Net Income, 5 Yr. CAGR %	-17.01	-2.6	19.98	-6.34	-2.65
Normalized Net Income, 5 Yr. CAGR %	-4.44	-7.84	33.01	55.8	1.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-78.35	-75.35	16.64	-6.45	0.03
Accounts Receivable, 5 Yr. CAGR %	7.38	24.78	10.84	6.34	48.04
Net Property, Plant and Equip., 5 Yr. CAGR %	36.87	28.52	26.86	-11.31	13.06
Total Assets, 5 Yr. CAGR %	-1.29	-0.74	-0.68	-1.2	3.37
Tangible Book Value, 5 Yr. CAGR %	-17.78	-20.61	-11.27	4.87	6.43
Common Equity, 5 Yr. CAGR %	47.27	36.42	5.7	-5.38	-6.34
Cash From Operations, 5 Yr. CAGR %	38.88	0.91	11.02	18.09	1.9
Capital Expenditures, 5 Yr. CAGR %	-23.4	-38.99	-38.55	-44.89	68.53
Levered Free Cash Flow, 5 Yr. CAGR %	-	-1.72	22.99	-1.64	-15.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-9.69	13.31	-2.15	-13.08