Annual Profit and Loss Forecast (Monthly)
Finance
March 28, 2026
Structures projected monthly revenues, costs, and net profit for Year 1 (2029). Base Case: $12.85M gross revenue, $4.15M net profit, 84% EBITDA margin.
$12.59M
Net Revenue
$10.57M
EBITDA
$4.15M
Net Profit
84.0%
EBITDA Margin
Monthly Gross Revenue Linear ramp T1/T2 · T3 from M3
Track 3 — Private AI Factory
Track 2 — Reserved
Track 1 — PPU + API
Annual Revenue Mix $12.85M gross
Track 3 — Private
77.8%
Track 2 — Reserved
13.9%
Track 1 — PPU
7.5%
API Layer
0.8%
P&L Waterfall — Annual Revenue → Net Profit
Net
Revenue
Revenue
COGS
Gross
Profit
Profit
SG&A
EBITDA
D&A
(non-cash)
(non-cash)
Net
Profit
Profit
Monthly Net Profit M3 inflection · M5 cumulative BE
-655K
Jan
-606K
Feb
423K
Mar
472K
Apr
521K
May
570K
Jun
Jul
Aug
Sep
Oct
Nov
Dec
SG&A Breakdown $1.02M/yr · $85K/mo
Personnel
$711K
Marketing
$145K
Travel & BD
$60K
Professional
$50K
Office & Admin
$30K
Advisory
$24K
Cumulative Net Profit Trajectory Breakeven M5 · Year-end $4.15M
M3
First Profitable Month
(Track 3 Activation)
(Track 3 Activation)
M5
Cumulative Breakeven
(Net Profit Positive)
(Net Profit Positive)
$43,729
Revenue per GPU/yr
(288 Rubin Ultra GPUs)
(288 Rubin Ultra GPUs)
Key Assumptions
Ramp: linear 0→100% / 6mo (T1, T2)
Track 3: anchor client from M3
COGS: $1.0M/yr facility OPEX
D&A: 7yr SL on $45M CAPEX
Tax: 0% Virtual Zone export IT
Personnel: 7 roles, $711K/yr
Interest: $0 (no debt)
Deductions: 2% (banking + bad debt)
Electricity: $0 (BTM hydro JV)
