STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $656.4M | $975.2M | $1.3B | $1.7B | $2.2B | |
| YoY % | +52.3% | +48.6% | +33.0% | +28.8% | +29.8% | |
| P / Sales | 62.6x | 14.4x | 20.4x | 22.0x | 31.7x | |
| EV / Sales | 64.5x | 16.2x | 21.9x | 23.3x | 33.4x | |
| Gross Profit, Adj. | $509.3M | $742.6M | $989.7M | $1.3B | $1.6B | |
| YoY % | +54.3% | +45.8% | +33.3% | +30.4% | +25.1% | |
| Margin % | 77.6% | 76.1% | 76.3% | 77.3% | 74.5% | |
| EV / Gross Profit | 83.1x | 21.3x | 28.7x | 30.1x | 44.8x | |
| EBITDA, Adj. | $-31.8M | $-53.8M | $11.7M | $50.8M | $84.2M | |
| YoY % | +20.6% | -69.0% | +121.8% | +333.7% | +65.7% | |
| Margin % | -4.8% | -5.5% | 0.9% | 3.0% | 3.9% | |
| EV / EBITDA | -1330.2x | -293.9x | 2424.2x | 765.4x | 859.4x | |
| EBIT | $-127.7M | $-201.2M | $-185.5M | $-154.8M | $-207.2M | |
| YoY % | -19.6% | -57.6% | +7.8% | +16.6% | -33.9% | |
| Margin % | -19.5% | -20.6% | -14.3% | -9.3% | -9.6% | |
| EV / EBIT | -331.4x | -78.5x | -153.0x | -251.2x | -349.0x | |
| Net Income | $-260.3M | $-193.4M | $-183.9M | $-78.8M | $-102.3M | |
| YoY % | -118.1% | +25.7% | +4.9% | +57.2% | -29.8% | |
| Net Margin | -39.7% | -19.8% | -14.2% | -4.7% | -4.7% | |
| EPS (GAAP) | -$0.83 | -$0.59 | -$0.55 | -$0.23 | -$0.29 | |
| YoY % | -107.5% | +28.9% | +6.8% | +58.2% | -26.1% |