STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $675.0M | $1.4B | $2.4B | $2.8B | $3.4B | |
| YoY % | — | +112.3% | +64.6% | +18.6% | +20.5% | |
| P / Sales | 5.7x | 9.2x | 5.4x | 6.7x | 6.1x | |
| EV / Sales | 3.0x | 9.6x | 5.1x | 6.7x | 6.6x | |
| Gross Profit, Adj. | $-395.0M | $77.0M | $860.0M | $1.2B | $1.5B | |
| YoY % | — | +119.5% | +1016.9% | +36.5% | +24.0% | |
| Margin % | -58.5% | 5.4% | 36.5% | 42.0% | 43.2% | |
| EV / Gross Profit | -5.1x | 178.7x | 14.0x | 16.0x | 15.3x | |
| EBITDA, Adj. | $-1.2B | $-1.2B | $-263.0M | $71.0M | $374.0M | |
| YoY % | — | +2.3% | +77.6% | +127.0% | +426.8% | |
| Margin % | -178.1% | -81.9% | -11.1% | 2.5% | 11.1% | |
| EV / EBITDA | -1.7x | -11.7x | -45.8x | 265.3x | 59.4x | |
| EBIT | $-1.6B | $-1.4B | $-536.0M | $-185.0M | $45.0M | |
| YoY % | — | +11.3% | +61.4% | +65.5% | +124.3% | |
| Margin % | -232.1% | -97.0% | -22.7% | -6.6% | 1.3% | |
| EV / EBIT | -1.3x | -9.9x | -22.5x | -101.8x | 493.6x | |
| Net Income | $-3.4B | $-1.7B | $-434.0M | $-105.0M | $268.0M | |
| YoY % | — | +51.2% | +74.2% | +75.8% | +355.2% | |
| Net Margin | -511.0% | -117.4% | -18.4% | -3.8% | 8.0% | |
| EPS (GAAP) | -$6.39 | -$0.44 | -$0.11 | -$0.03 | $0.06 | |
| YoY % | — | +93.1% | +75.0% | +72.7% | +300.0% |