STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $191.9M | $232.3M | $271.8M | $330.5M | $419.5M | |
| YoY % | — | +21.1% | +17.0% | +21.6% | +26.9% | |
| P / Sales | 4.6x | 3.3x | 5.3x | 9.2x | 7.6x | |
| EV / Sales | 3.9x | 3.1x | 5.3x | 9.0x | 7.2x | |
| Gross Profit, Adj. | $138.9M | $166.1M | $194.4M | $248.0M | $310.7M | |
| YoY % | — | +19.5% | +17.0% | +27.6% | +25.3% | |
| Margin % | 72.4% | 71.5% | 71.5% | 75.0% | 74.1% | |
| EV / Gross Profit | 5.4x | 4.3x | 7.4x | 12.1x | 9.7x | |
| EBITDA, Adj. | $-52.3M | $-37.6M | $-10.7M | $12.5M | $39.2M | |
| YoY % | — | +28.1% | +71.6% | +217.7% | +212.7% | |
| Margin % | -27.2% | -16.2% | -3.9% | 3.8% | 9.4% | |
| EV / EBITDA | -14.5x | -19.0x | -134.5x | 238.3x | 76.8x | |
| EBIT | $-53.5M | $-41.1M | $-15.4M | $7.2M | $33.0M | |
| YoY % | — | +23.2% | +62.6% | +146.7% | +361.0% | |
| Margin % | -27.9% | -17.7% | -5.6% | 2.2% | 7.9% | |
| EV / EBIT | -14.1x | -17.4x | -93.4x | 417.3x | 91.2x | |
| Net Income | $-68.1M | $-41.6M | $-21.7M | $-29.1M | $34.8M | |
| YoY % | — | +38.9% | +47.8% | -33.9% | +219.6% | |
| Net Margin | -35.5% | -17.9% | -8.0% | -8.8% | 8.3% | |
| EPS (GAAP) | -$0.48 | -$0.23 | -$0.12 | -$0.16 | $0.15 | |
| YoY % | — | +52.1% | +47.8% | -33.3% | +193.8% |