🚘 The Mirror
Historical Performance — FY25 Actuals vs Budget
As at 31 March 2026
ARR
$3,420,000+90% MRR growth FY25Gross Margin
81.3%FY25 year-end run rateEBITDA FY25
($363,890)Budget ($191,000)Net Cash from Ops
($652,929)FY25 operating activities| Line Item | Apr-25 | May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25 | Oct-25 | Nov-25 | Dec-25 | Jan-26 | Feb-26 | Mar-26 | FY25 Total | Budget | Variance | Var% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||||||||||
| Subscription Revenue | $150,000 | $161,000 | $174,000 | $186,000 | $197,000 | $211,000 | $222,000 | $233,000 | $245,000 | $260,000 | $274,000 | $285,000 | $2,598,000 | — | — | — |
| Professional Services | $12,000 | $5,000 | $20,000 | $20,000 | $0 | $20,000 | $20,000 | $0 | $15,000 | $8,000 | $5,000 | $5,000 | $130,000 | — | — | — |
| Total Revenue | $162,000 | $166,000 | $194,000 | $206,000 | $197,000 | $231,000 | $242,000 | $233,000 | $260,000 | $268,000 | $279,000 | $290,000 | $2,728,000 | $3,017,000 | ($289,000) | -9.6% |
| COST OF REVENUE | ||||||||||||||||
| Cost of Revenue | $38,250 | $38,855 | $39,570 | $40,230 | $40,835 | $41,605 | $50,710 | $51,315 | $51,975 | $52,800 | $53,570 | $54,175 | $553,890 | — | — | — |
| Gross Profit | $123,750 (76%) | $127,145 (77%) | $154,430 (80%) | $165,770 (80%) | $156,165 (79%) | $189,395 (82%) | $191,290 (79%) | $181,685 (78%) | $208,025 (80%) | $215,200 (80%) | $225,430 (81%) | $235,825 (81%) | $2,174,110(80%) | — | — | — |
| OPERATING EXPENSES | ||||||||||||||||
| Sales & Marketing | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $72,500 | $72,500 | $72,500 | $72,500 | $72,500 | $72,500 | $813,000 | — | — | — |
| Research & Development | $92,500 | $92,500 | $92,500 | $92,500 | $92,500 | $92,500 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $1,185,000 | — | — | — |
| General & Administrative | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $540,000 | — | — | — |
| Total Operating Expenses | $200,500 | $200,500 | $200,500 | $200,500 | $200,500 | $200,500 | $222,500 | $222,500 | $222,500 | $222,500 | $222,500 | $222,500 | $2,538,000 | — | — | — |
| EBITDA | ($76,750) | ($73,355) | ($46,070) | ($34,730) | ($44,335) | ($11,105) | ($31,210) | ($40,815) | ($14,475) | ($7,300) | $2,930 | $13,325 | ($363,890) | ($191,000) | ($172,890) | -90.5% |
| BELOW EBITDA | ||||||||||||||||
| Depreciation & Amortisation | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($8,500) | ($102,000) | — | — | — |
| Interest Expense | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($2,500) | ($30,000) | — | — | — |
| Net Profit / (Loss) | ($87,750) | ($84,355) | ($57,070) | ($45,730) | ($55,335) | ($22,105) | ($42,210) | ($51,815) | ($25,475) | ($18,300) | ($8,070) | $1,744 | ($496,471) | ($330,000) | ($166,471) | -50.4% |