0001193125-26-208981
SEC filingRevenue surged 37.4% to $51.6M driven by the Tabacón acquisition and ADR increases, yielding exceptional 94.2% gross margins, while net losses narrowed 19.9% to -$24.9M amid disciplined growth investments and cost management in seasonally weak Q1.
Gross profit expanded 37.9% to $48.7 million from $35.3 million, sustaining an exceptional 94.2% gross margin. This reflects the company's asset-light model and efficient variable cost management, where costs scaled more slowly than revenue, preserving profitability at the gross level despite acquisition integration.
The net loss narrowed 19.9% to -$24.9 million from -$31.1 million, with diluted EPS improving 18.9% to -$0.90 from -$1.11. This progress stems from revenue momentum and cost discipline, though ongoing investments in growth continue to pressure bottom-line results in this low season. Management's focus on scaling high-return experiences drives these dynamics, balancing expansion with operational efficiencies.