STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.2B | $1.4B | $1.8B | $2.7B | $3.9B | |
| YoY % | — | +22.6% | +25.8% | +48.4% | +46.4% | |
| P / Sales | 2.1x | 1.5x | 0.9x | 0.8x | 1.0x | |
| EV / Sales | 1.9x | 1.5x | 1.0x | 0.9x | 1.1x | |
| Gross Profit, Adj. | $1.2B | $1.4B | $178.3M | $265.1M | $451.6M | |
| YoY % | — | +22.6% | -87.5% | +48.6% | +70.4% | |
| Margin % | 100.0% | 100.0% | 9.9% | 9.9% | 11.5% | |
| EV / Gross Profit | 1.9x | 1.5x | 10.2x | 9.0x | 9.3x | |
| EBITDA, Adj. | $-161.8M | $-113.8M | $-128.8M | $-106.1M | $8.2M | |
| YoY % | — | +29.7% | -13.3% | +17.6% | +107.8% | |
| Margin % | -13.9% | -7.9% | -7.2% | -4.0% | 0.2% | |
| EV / EBITDA | -14.1x | -18.4x | -14.1x | -22.6x | 512.7x | |
| EBIT | $-177.8M | $-131.2M | $-150.5M | $-133.2M | $-22.2M | |
| YoY % | — | +26.2% | -14.7% | +11.5% | +83.3% | |
| Margin % | -15.2% | -9.2% | -8.4% | -5.0% | -0.6% | |
| EV / EBIT | -12.8x | -15.9x | -12.0x | -18.0x | -189.7x | |
| Net Income | $-195.3M | $-149.5M | $-148.0M | $-128.0M | $-724,000 | |
| YoY % | — | +23.4% | +1.0% | +13.5% | +99.4% | |
| Net Margin | -16.7% | -10.4% | -8.2% | -4.8% | -0.0% | |
| EPS (GAAP) | -$1.14 | -$0.83 | -$0.79 | -$0.67 | — | |
| YoY % | — | +27.2% | +4.8% | +15.2% | — |