STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $6.4B | $6.0B | $4.9B | $5.6B | $7.0B | |
| YoY % | — | -6.3% | -18.8% | +15.2% | +23.7% | |
| P / Sales | 0.5x | 0.2x | 0.3x | 0.5x | 0.9x | |
| EV / Sales | 0.5x | 0.3x | 0.5x | 0.6x | 0.9x | |
| Gross Profit, Adj. | $6.4B | $6.0B | $4.9B | $5.6B | $7.0B | |
| YoY % | — | -6.3% | -18.8% | +15.2% | +23.7% | |
| Margin % | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| EV / Gross Profit | 0.5x | 0.3x | 0.5x | 0.6x | 0.9x | |
| EBITDA, Adj. | $-428.6M | $-454.0M | $-194.5M | $-62.7M | $66.4M | |
| YoY % | — | -5.9% | +57.2% | +67.8% | +205.9% | |
| Margin % | -6.7% | -7.5% | -4.0% | -1.1% | 1.0% | |
| EV / EBITDA | -7.7x | -3.5x | -11.4x | -55.4x | 97.8x | |
| EBIT | $-493.0M | $-589.4M | $-314.9M | $-154.8M | $-63.4M | |
| YoY % | — | -19.6% | +46.6% | +50.8% | +59.0% | |
| Margin % | -7.7% | -9.8% | -6.4% | -2.7% | -0.9% | |
| EV / EBIT | -6.7x | -2.7x | -7.0x | -22.5x | -102.5x | |
| Net Income | $-494.1M | $-601.5M | $-321.3M | $-154.4M | $-58.5M | |
| YoY % | — | -21.7% | +46.6% | +51.9% | +62.1% | |
| Net Margin | -7.7% | -10.0% | -6.6% | -2.7% | -0.8% | |
| EPS (GAAP) | -$1.51 | -$1.40 | -$0.69 | -$0.31 | -$0.10 | |
| YoY % | — | +7.3% | +50.7% | +55.1% | +67.7% |