The FY2026 scenario memo is complete. It shows:

- **Base case:** $303K EBITDA on $11.2M revenue
- **Upside:** $501K EBITDA (range high) with two Enterprise closes and a price increase holding
- **Downside:** ($6K) EBITDA (range low) from losing three at-risk accounts, vendor cost compression, and fuel surcharge increases

The memo identifies that the biggest driver of upside is the two Enterprise customer closes ($135K EBITDA impact), while the largest downside risk is customer loss ($203K swing) compounded by vendor cost pass-through failures ($78K margin hit). The recommendations focus on securing the price increase now and negotiating cost pass-through terms before March, which together represent a $106K swing in downside exposure.

Both the computed scenarios and memo are in `output/`.