STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $19.1M | $77.1M | $186.4M | $336.9M | $521.3M | |
| YoY % | — | +302.7% | +141.8% | +80.8% | +54.7% | |
| P / Sales | 25.3x | 8.5x | 6.6x | 5.8x | 7.6x | |
| EV / Sales | 32.7x | 10.9x | 7.2x | 6.5x | 8.1x | |
| Gross Profit, Adj. | $17.2M | $64.7M | $139.3M | $255.2M | $421.1M | |
| YoY % | — | +275.3% | +115.4% | +83.2% | +65.0% | |
| Margin % | 90.1% | 83.9% | 74.8% | 75.8% | 80.8% | |
| EV / Gross Profit | 36.4x | 13.0x | 9.6x | 8.6x | 10.0x | |
| EBITDA, Adj. | $-172.8M | $-128.0M | $-98.3M | $-64.0M | $2.1M | |
| YoY % | -66.7% | +25.9% | +23.2% | +34.9% | +103.3% | |
| Margin % | -903.0% | -166.1% | -52.8% | -19.0% | 0.4% | |
| EV / EBITDA | -3.6x | -6.5x | -13.6x | -34.2x | 1990.8x | |
| EBIT | $-173.4M | $-131.2M | $-109.2M | $-87.6M | $-22.1M | |
| YoY % | -66.3% | +24.3% | +16.8% | +19.7% | +74.7% | |
| Margin % | -906.1% | -170.3% | -58.6% | -26.0% | -4.2% | |
| EV / EBIT | -3.6x | -6.4x | -12.3x | -25.0x | -189.6x | |
| Net Income | $-84.0M | $-135.7M | $-163.4M | $-87.9M | $-23.4M | |
| YoY % | +18.7% | -61.5% | -20.5% | +46.2% | +73.4% | |
| Net Margin | -438.9% | -176.0% | -87.7% | -26.1% | -4.5% | |
| EPS (GAAP) | -$2.77 | -$4.02 | -$4.00 | -$1.85 | -$0.47 | |
| YoY % | +32.3% | -45.1% | +0.5% | +53.8% | +74.6% |