Revenue $41,260,000 · COGS $28,390,000 · gross profit $12,870,000 · opex $10,780,000 · D&A $1,440,000 · operating income $650,000.
The same account is filed under COGS and Customer Success depending on the entity (Meridian Logistics — Canada → COGS; Meridian Logistics — US → Customer Success). Because this crosses the COGS line, the entities' gross margins are not comparable as reported, and consolidated margin depends on which treatment dominates. Pick one treatment and restate the other.
Contract Labor ran about $62K a month, then moved to about $198K from 2025-07 and stayed there. A clean step at a period boundary usually means one new arrangement rather than gradual growth. No other labour category fell to offset it, so this reads as added capacity, not substitution.
Other went from $980,000 to $1,640,000, an increase of $660,000. Revenue grew +18.4% over the same period. At 4.0% of total cost, this is the kind of gap that shows up as margin compression before anyone names the cause.
$1,640,000 is filed under "Other" — 4.0% of total cost with nothing behind it. Cost attribution can't explain what it can't see, and a buyer's diligence team will ask about this line before any other. Re-export with these accounts mapped to real categories.
Categories under 2% of cost are omitted here and shown in full in the app.
| Category | Share of cost | Trailing 12 months | Prior 12 |
|---|---|---|---|
| COGS | 69.9% | $28,390,000 | $22,790,000 |
| Payroll | 11.4% | $4,640,000 | $4,290,000 |
| Other | 4.0% | $1,640,000 | $980,000 |
| Contract Labor | 3.8% | $1,560,000 | $600,000 |
| Depreciation & Amortization | 3.5% | $1,440,000 | $1,330,000 |
| G&A | 3.2% | $1,280,000 | $1,190,000 |
| Marketing | 2.3% | $950,000 | $875,000 |
Cost attribution: category-level only. Upload AP, expense & cards to see vendor level.
4.0% of cost ($1,640,000) is uncategorized.