Variance Analysis

Can you analyze budget vs actual variances for 2025 and provide insights on the key drivers?

I'll compare your budget and actual results across all major P&L categories. Let me calculate dollar and percentage variances, identify material differences, and provide insights on the key drivers.

I've completed the variance analysis for 2025: Key Findings: • Revenue: $12.5M actual vs $12.0M budget (+4.2% favorable) • Operating Expenses: $9.8M actual vs $9.2M budget (+6.5% unfavorable) • Net Income: $2.7M actual vs $2.8M budget (-3.6% unfavorable) Major Drivers: • Product revenue outperformed by $600K due to strong Q4 sales • R&D expenses over budget by $420K from accelerated hiring • Sales & Marketing over by $180K from additional campaigns The analysis includes monthly trends, variance decomposition, and category-level drill-downs.