STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $48.4M | $110.8M | $223.2M | $216.7M | $217.4M | |
| YoY % | — | +128.9% | +101.4% | -2.9% | +0.3% | |
| P / Sales | 17.3x | 6.2x | 4.9x | 3.3x | 3.2x | |
| EV / Sales | 14.4x | 5.9x | 5.8x | 4.3x | 4.6x | |
| Gross Profit, Adj. | $19.7M | $50.3M | $89.6M | $90.3M | $86.6M | |
| YoY % | — | +155.2% | +78.0% | +0.8% | -4.1% | |
| Margin % | 40.7% | 45.4% | 40.1% | 41.7% | 39.9% | |
| EV / Gross Profit | 35.4x | 13.0x | 14.4x | 10.3x | 11.6x | |
| EBITDA, Adj. | $-68.8M | $-104.3M | $-103.6M | $-126.0M | $-104.7M | |
| YoY % | — | -51.6% | +0.7% | -21.6% | +16.9% | |
| Margin % | -142.2% | -94.2% | -46.4% | -58.1% | -48.2% | |
| EV / EBITDA | -10.1x | -6.3x | -12.5x | -7.4x | -9.6x | |
| EBIT | $-74.8M | $-119.1M | $-135.4M | $-170.1M | $-154.2M | |
| YoY % | — | -59.3% | -13.7% | -25.6% | +9.3% | |
| Margin % | -154.5% | -107.5% | -60.7% | -78.5% | -70.9% | |
| EV / EBIT | -9.3x | -5.5x | -9.5x | -5.5x | -6.5x | |
| Net Income | $-88.0M | $-43.4M | $-117.6M | $-132.6M | $-143.1M | |
| YoY % | — | +50.7% | -171.0% | -12.7% | -7.9% | |
| Net Margin | -181.9% | -39.2% | -52.7% | -61.2% | -65.8% | |
| EPS (GAAP) | -$1.26 | -$0.37 | -$0.81 | -$0.76 | -$0.73 | |
| YoY % | — | +70.6% | -118.9% | +6.2% | +3.9% |