STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $271.9M | $526.9M | $872.0M | $1.5B | $2.3B | |
| YoY % | — | +93.8% | +65.5% | +69.3% | +59.0% | |
| P / Sales | 4.5x | 2.5x | 2.3x | 3.9x | 3.6x | |
| EV / Sales | 4.6x | 2.5x | 2.3x | 3.9x | 4.2x | |
| Gross Profit, Adj. | $204.5M | $408.7M | $714.9M | $1.2B | $1.7B | |
| YoY % | — | +99.9% | +74.9% | +64.1% | +47.8% | |
| Margin % | 75.2% | 77.6% | 82.0% | 79.5% | 73.8% | |
| EV / Gross Profit | 6.1x | 3.2x | 2.8x | 4.9x | 5.6x | |
| EBITDA, Adj. | $-111.0M | $-61.2M | $-19.9M | $79.0M | $160.1M | |
| YoY % | — | +44.8% | +67.4% | +496.2% | +102.7% | |
| Margin % | -40.8% | -11.6% | -2.3% | 5.3% | 6.8% | |
| EV / EBITDA | -11.2x | -21.2x | -101.2x | 72.6x | 61.0x | |
| EBIT | $-115.0M | $-68.7M | $-29.5M | $61.9M | $105.6M | |
| YoY % | — | +40.3% | +57.1% | +310.2% | +70.6% | |
| Margin % | -42.3% | -13.0% | -3.4% | 4.2% | 4.5% | |
| EV / EBIT | -10.8x | -18.9x | -68.5x | 92.7x | 92.5x | |
| Net Income | $-107.7M | $-65.7M | $-23.5M | $126.0M | $128.4M | |
| YoY % | — | +39.0% | +64.1% | +635.3% | +1.8% | |
| Net Margin | -39.6% | -12.5% | -2.7% | 8.5% | 5.5% | |
| EPS (GAAP) | -$0.58 | -$0.32 | -$0.11 | $0.53 | $0.51 | |
| YoY % | — | +44.8% | +65.6% | +581.8% | -3.8% |