STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|
| Sales, Adj. | $1.2B | $2.2B | $2.7B | $2.3B | |
| YoY % | — | +85.0% | +21.7% | -16.1% | |
| P / Sales | 0.8x | 1.2x | 1.5x | 0.6x | |
| EV / Sales | 1.5x | 1.4x | 1.9x | 1.1x | |
| Gross Profit, Adj. | $-62.4M | $141.0M | $341.1M | $295.8M | |
| YoY % | — | +326.1% | +142.0% | -13.3% | |
| Margin % | -5.2% | 6.4% | 12.6% | 13.1% | |
| EV / Gross Profit | -28.5x | 21.7x | 14.7x | 8.5x | |
| EBITDA, Adj. | $-276.4M | $-101.9M | $41.1M | $-17.0M | |
| YoY % | — | +63.1% | +140.3% | -141.3% | |
| Margin % | -23.1% | -4.6% | 1.5% | -0.8% | |
| EV / EBITDA | -6.4x | -30.0x | 122.3x | -148.6x | |
| EBIT | $-283.5M | $-112.6M | $26.6M | $-46.3M | |
| YoY % | — | +60.3% | +123.6% | -274.1% | |
| Margin % | -23.7% | -5.1% | 1.0% | -2.0% | |
| EV / EBIT | -6.3x | -27.1x | 188.8x | -54.5x | |
| Net Income | $-104.5M | $-69.6M | $22.7M | $-48.3M | |
| YoY % | — | +33.4% | +132.6% | -312.7% | |
| Net Margin | -8.7% | -3.1% | 0.8% | -2.1% | |
| EPS (GAAP) | -$1.50 | -$0.60 | $0.13 | -$0.37 | |
| YoY % | — | +60.0% | +121.7% | -384.6% |