STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.5B | $1.1B | $1.3B | $1.4B | $1.9B | |
| YoY % | — | -25.5% | +15.0% | +8.8% | +40.3% | |
| P / Sales | 1.0x | 0.4x | 0.4x | 1.1x | 0.6x | |
| EV / Sales | 1.1x | 0.7x | 0.5x | 1.2x | 0.7x | |
| Gross Profit, Adj. | $-79.2M | $103.5M | $256.0M | $364.8M | $355.9M | |
| YoY % | — | +230.7% | +147.3% | +42.5% | -2.4% | |
| Margin % | -5.4% | 9.4% | 20.3% | 26.6% | 18.5% | |
| EV / Gross Profit | -20.8x | 7.7x | 2.5x | 4.4x | 3.8x | |
| EBITDA, Adj. | $-635.5M | $-287.0M | $-181.1M | $-46.7M | $-85.7M | |
| YoY % | — | +54.8% | +36.9% | +74.2% | -83.7% | |
| Margin % | -43.2% | -26.2% | -14.4% | -3.4% | -4.5% | |
| EV / EBITDA | -2.6x | -2.8x | -3.5x | -34.1x | -15.8x | |
| EBIT | $-637.0M | $-286.7M | $-205.3M | $-45.7M | $-85.5M | |
| YoY % | — | +55.0% | +28.4% | +77.7% | -87.0% | |
| Margin % | -43.3% | -26.1% | -16.3% | -3.3% | -4.4% | |
| EV / EBIT | -2.6x | -2.8x | -3.1x | -34.7x | -15.9x | |
| Net Income | $-587.8M | $-339.6M | $-213.4M | $-43.0M | $-85.5M | |
| YoY % | — | +42.2% | +37.2% | +79.8% | -98.9% | |
| Net Margin | -39.9% | -31.0% | -16.9% | -3.1% | -4.4% | |
| EPS (GAAP) | -$1.42 | -$0.71 | -$0.44 | -$0.09 | -$0.17 | |
| YoY % | — | +50.0% | +38.0% | +79.5% | -88.9% |