STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|
| Sales, Adj. | $2.4B | $2.6B | $2.2B | $1.9B | |
| YoY % | — | +8.4% | -16.7% | -11.4% | |
| P / Sales | 0.4x | 0.4x | 0.6x | 0.3x | |
| EV / Sales | 1.0x | 1.0x | 1.4x | 1.2x | |
| Gross Profit, Adj. | $968.8M | $451.5M | $253.6M | $70.9M | |
| YoY % | — | -53.4% | -43.8% | -72.0% | |
| Margin % | 39.9% | 17.2% | 11.6% | 3.7% | |
| EV / Gross Profit | 2.6x | 6.1x | 12.1x | 32.8x | |
| EBITDA, Adj. | $679.7M | $598.8M | $444.7M | $289.1M | |
| YoY % | — | -11.9% | -25.7% | -35.0% | |
| Margin % | 28.0% | 22.8% | 20.3% | 14.9% | |
| EV / EBITDA | 3.7x | 4.6x | 6.9x | 8.0x | |
| EBIT | $412.4M | $193.6M | $-33.3M | $-172.4M | |
| YoY % | — | -53.1% | -117.2% | -417.7% | |
| Margin % | 17.0% | 7.4% | -1.5% | -8.9% | |
| EV / EBIT | 6.1x | 14.3x | -92.3x | -13.5x | |
| Net Income | $91.5M | $-107.5M | $-219.9M | $-374.3M | |
| YoY % | — | -217.5% | -104.6% | -70.2% | |
| Net Margin | 3.8% | -4.1% | -10.0% | -19.3% | |
| EPS (GAAP) | $2.06 | -$0.82 | -$1.38 | -$2.22 | |
| YoY % | — | -139.8% | -68.3% | -60.9% |