FY2025 revenue was $11.2M, almost exactly level with FY2024's $11.2M, a change of ($5K) or (0.04%). The bridge script ran without errors and its check confirmed the walk adds up to the cent.

| Step | Amount |
| --- | --- |
| FY2024 | $11.2M |
| Timing | $53K |
| Loss | ($1.3M) |
| Decline | ($443K) |
| Upsell | $1.2M |
| New | $463K |
| FY2025 | $11.2M |

- **Lost customers:** 4 customers stopped buying, removing ($1.3M). Fenwick Legal accounts for ($686K) and Birchway Foods for ($503K).
- **Upsell:** 23 customers spent more, adding $1.2M. The largest was Harbor Freight Partners at $148K.
- **New customers:** 6 new customers added $463K. The largest was Thistle Gardens at $116K.
- **Declines:** 11 customers spent less, a total of ($443K).

The data shows who left or grew but not why, so the note doesn't give reasons. Churn or account notes for Fenwick Legal and Birchway Foods would explain those two losses.

The note cites the source file, its 48 rows and a short fingerprint of the file, so readers can check which data was used.

Files are in `output/`:
- bridge.json
- bridge-note.md