STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $72.5M | $88.6M | $130.2M | $199.6M | $272.3M | |
| YoY % | +48.3% | +22.2% | +47.0% | +53.3% | +36.4% | |
| P / Sales | 3.2x | 4.6x | 3.0x | 6.0x | 6.6x | |
| EV / Sales | 3.8x | 5.0x | 4.3x | 7.4x | 7.6x | |
| Gross Profit, Adj. | $54.3M | $63.2M | $90.6M | $150.4M | $204.4M | |
| YoY % | +57.7% | +16.5% | +43.3% | +66.1% | +35.9% | |
| Margin % | 74.9% | 71.3% | 69.6% | 75.3% | 75.1% | |
| EV / Gross Profit | 5.1x | 7.0x | 6.2x | 9.8x | 10.2x | |
| EBITDA, Adj. | $3.7M | $5.6M | $12.4M | $22.7M | $49.4M | |
| YoY % | -2.9% | +49.3% | +122.5% | +82.8% | +117.6% | |
| Margin % | 5.2% | 6.3% | 9.5% | 11.4% | 18.1% | |
| EV / EBITDA | 73.9x | 78.8x | 44.9x | 64.7x | 42.0x | |
| EBIT | $1.6M | $1.9M | $431,000 | $8.8M | $30.5M | |
| YoY % | +319.2% | +18.9% | -77.5% | +1946.9% | +245.9% | |
| Margin % | 2.2% | 2.2% | 0.3% | 4.4% | 11.2% | |
| EV / EBIT | 171.3x | 229.2x | 1293.4x | 166.5x | 68.0x | |
| Net Income | $-18.5M | $-14.1M | $-24.4M | $-17.5M | $-5.1M | |
| YoY % | -450.5% | +23.8% | -73.3% | +28.4% | +70.6% | |
| Net Margin | -25.5% | -15.9% | -18.7% | -8.8% | -1.9% | |
| EPS (GAAP) | -$0.69 | -$0.51 | -$0.75 | -$0.49 | -$0.14 | |
| YoY % | -430.8% | +26.1% | -47.1% | +34.7% | +71.4% |