Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
PPLIPeople Inc
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether People made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as People filed it, with what each one means in plain English.
As filed with the SEC on Feb 20, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $104
- other income and costs: $1 added
- income tax: $1
- kept as profit: $4.3
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $2.4B▼ 8.7% | $2.6B | $2.9B | |
| Operating costs and expenses | |||
| $809.8M▼ 19% | $1.0B | $1.2B | |
| $728.2M▼ 1.4% | $738.2M | $803.3M | |
| $418.5M▼ 16% | $499.1M | $518.7M | |
| $196.0M▼ 14% | $228.3M | $237.9M | |
| $37.5M▼ 8.1% | $40.8M | $80.9M | |
| $93.1M▼ 34% | $141.9M | $288.0M | |
| $207.5M | $0 | $9.0M | |
| $2.5B▼ 6.0% | $2.7B | $3.2B | |
| −$97.4M▼ 240% | −$28.7M | −$237.8M | |
| −$120.0M▲ 12% | −$135.7M | −$137.5M | |
| $119.2M | −$649.2M | $721.7M | |
| $16.4M▼ 83% | $98.5M | $46.6M | |
| −$81.9M▲ 89% | −$715.0M | $393.0M | |
| −$34.8M | $141.9M | −$98.2M | |
| −$116.8M▲ 80% | −$573.2M | $294.9M | |
| $15.3M▼ 62% | $39.8M | −$36.5M | |
| −$101.5M▲ 81% | −$533.3M | $258.3M | |
| −$2.6M▲ 61% | −$6.6M | $7.6M | |
| −$104.0M▲ 81% | −$539.9M | $265.9M | |
| Per share information from continuing operations | |||
| −$1.46▲ 79% | −$6.89 | $3.42 | |
| −$1.46▲ 79% | −$6.89 | $3.31 | |
| Per share information attributable to IAC common stock and Class B common stock shareholders | |||
| −$1.30▲ 80% | −$6.49 | $3.07 | |
| −$1.30▲ 80% | −$6.49 | $2.97 | |
| Stock-based compensation expense by function | |||
| $32.3M▼ 58% | $77.7M | $73.6M | |
Split by Cost of revenue, Selling and marketing expense, General and administrative expense, Product development expense
| Cost of revenue | |||
|---|---|---|---|
| Pay given in shares (stock-based compensation) (Total stock-based compensation expense) | $1.6M | $2.2M | $1.6M |
| Selling and marketing expense | |||
| Pay given in shares (stock-based compensation) (Total stock-based compensation expense) | $3.9M | $2.6M | $2.5M |
| General and administrative expense | |||
| Pay given in shares (stock-based compensation) (Total stock-based compensation expense) | $23.3M | $69.0M | $65.0M |
| Product development expense | |||
| Pay given in shares (stock-based compensation) (Total stock-based compensation expense) | $3.4M | $3.9M | $4.5M |
Every line as the company filed it (USD ($), $ in Thousands), shown in full dollars. See this statement on SEC.