STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|
| Sales, Adj. | $453.0M | $427.8M | $303.7M | $282.2M | |
| YoY % | — | -5.6% | -29.0% | -7.1% | |
| P / Sales | 1.5x | 0.9x | 0.8x | 0.8x | |
| EV / Sales | 2.3x | 2.2x | 2.9x | 3.8x | |
| Gross Profit, Adj. | $255.2M | $265.8M | $179.5M | $164.1M | |
| YoY % | — | +4.1% | -32.5% | -8.6% | |
| Margin % | 56.3% | 62.1% | 59.1% | 58.2% | |
| EV / Gross Profit | 4.1x | 3.5x | 5.0x | 6.6x | |
| EBITDA, Adj. | $-192.6M | $-82.9M | $-82.0M | $-143.5M | |
| YoY % | — | +56.9% | +1.2% | -75.1% | |
| Margin % | -42.5% | -19.4% | -27.0% | -50.9% | |
| EV / EBITDA | -5.4x | -11.3x | -10.9x | -7.6x | |
| EBIT | $-241.7M | $-134.8M | $-162.9M | $-271.8M | |
| YoY % | — | +44.2% | -20.8% | -66.9% | |
| Margin % | -53.4% | -31.5% | -53.6% | -96.3% | |
| EV / EBIT | -4.3x | -6.9x | -5.5x | -4.0x | |
| Net Income | $-234.2M | $-142.9M | $-172.0M | $-279.8M | |
| YoY % | — | +39.0% | -20.3% | -62.7% | |
| Net Margin | -51.7% | -33.4% | -56.6% | -99.2% | |
| EPS (GAAP) | -$2.31 | -$1.08 | -$1.47 | -$2.39 | |
| YoY % | — | +53.2% | -36.1% | -62.6% |