STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $201.1M | $289.4M | $403.1M | $492.1M | $623.0M | |
| YoY % | — | +43.9% | +39.3% | +22.1% | +26.6% | |
| P / Sales | 13.5x | 8.9x | 6.5x | 5.4x | 2.9x | |
| EV / Sales | 12.3x | 8.4x | 5.6x | 5.0x | 3.0x | |
| Gross Profit, Adj. | $131.0M | $181.4M | $255.8M | $314.7M | $382.7M | |
| YoY % | — | +38.5% | +41.0% | +23.0% | +21.6% | |
| Margin % | 65.1% | 62.7% | 63.4% | 63.9% | 61.4% | |
| EV / Gross Profit | 18.9x | 13.4x | 8.8x | 7.9x | 5.0x | |
| EBITDA, Adj. | $-4.3M | $-16.1M | $-5.8M | $10.1M | $46.0M | |
| YoY % | — | -278.4% | +64.3% | +275.7% | +355.5% | |
| Margin % | -2.1% | -5.6% | -1.4% | 2.1% | 7.4% | |
| EV / EBITDA | -582.5x | -150.5x | -391.3x | 245.3x | 41.2x | |
| EBIT | $-13.3M | $-30.2M | $-21.5M | $-7.3M | $11.3M | |
| YoY % | — | -128.0% | +28.8% | +66.3% | +255.7% | |
| Margin % | -6.6% | -10.4% | -5.3% | -1.5% | 1.8% | |
| EV / EBIT | -187.1x | -80.3x | -104.6x | -341.8x | 167.9x | |
| Net Income | $-28.1M | $-39.3M | $-8.6M | $2.9M | $13.5M | |
| YoY % | — | -40.0% | +78.2% | +133.9% | +365.4% | |
| Net Margin | -14.0% | -13.6% | -2.1% | 0.6% | 2.2% | |
| EPS (GAAP) | -$0.39 | -$0.36 | -$0.07 | $0.02 | $0.11 | |
| YoY % | — | +7.7% | +80.6% | +128.6% | +450.0% |