STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $667.5M | $859.5M | $1.1B | $1.3B | $1.4B | |
| YoY % | — | +28.8% | +22.8% | +18.5% | +13.9% | |
| P / Sales | 4.7x | 1.9x | 2.7x | 2.2x | 1.9x | |
| EV / Sales | 5.0x | 2.6x | 3.3x | 2.6x | 2.2x | |
| Gross Profit, Adj. | $667.5M | $237.0M | $302.1M | $402.4M | $461.1M | |
| YoY % | — | -64.5% | +27.5% | +33.2% | +14.6% | |
| Margin % | 100.0% | 27.6% | 28.6% | 32.2% | 32.4% | |
| EV / Gross Profit | 5.0x | 9.3x | 11.6x | 8.2x | 6.9x | |
| EBITDA, Adj. | $-232.2M | $-141.2M | $-108.9M | $38.1M | $78.8M | |
| YoY % | — | +39.2% | +22.9% | +135.0% | +106.5% | |
| Margin % | -34.8% | -16.4% | -10.3% | 3.0% | 5.5% | |
| EV / EBITDA | -14.4x | -15.6x | -32.2x | 86.8x | 40.5x | |
| EBIT | $-286.4M | $-210.4M | $-189.3M | $-32.8M | $24.0M | |
| YoY % | — | +26.5% | +10.0% | +82.7% | +173.2% | |
| Margin % | -42.9% | -24.5% | -17.9% | -2.6% | 1.7% | |
| EV / EBIT | -11.7x | -10.4x | -18.5x | -101.0x | 132.7x | |
| Net Income | $-343.9M | $-215.6M | $-186.3M | $-57.4M | $9.7M | |
| YoY % | — | +37.3% | +13.6% | +69.2% | +116.8% | |
| Net Margin | -51.5% | -25.1% | -17.6% | -4.6% | 0.7% | |
| EPS (GAAP) | -$1.05 | -$0.61 | -$0.51 | -$0.15 | $0.02 | |
| YoY % | — | +41.9% | +16.4% | +70.6% | +113.3% |