STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $379.6M | $538.9M | $599.4M | $687.6M | $836.6M | |
| YoY % | — | +42.0% | +11.2% | +14.7% | +21.7% | |
| P / Sales | 2.1x | 1.3x | 1.9x | 1.5x | 1.2x | |
| EV / Sales | 2.0x | 1.3x | 1.8x | 1.5x | 1.2x | |
| Gross Profit, Adj. | $351.1M | $499.1M | $545.4M | $624.1M | $772.9M | |
| YoY % | — | +42.2% | +9.3% | +14.4% | +23.8% | |
| Margin % | 92.5% | 92.6% | 91.0% | 90.8% | 92.4% | |
| EV / Gross Profit | 2.1x | 1.4x | 1.9x | 1.7x | 1.3x | |
| EBITDA, Adj. | $-4.0M | $24.7M | $51.8M | $57.8M | $111.6M | |
| YoY % | — | +717.5% | +109.7% | +11.6% | +93.1% | |
| Margin % | -1.1% | 4.6% | 8.6% | 8.4% | 13.3% | |
| EV / EBITDA | -186.4x | 27.6x | 20.5x | 18.3x | 9.1x | |
| EBIT | $-39.0M | $-19.0M | $3.6M | $9.4M | $65.2M | |
| YoY % | — | +51.3% | +118.9% | +161.1% | +593.6% | |
| Margin % | -10.3% | -3.5% | 0.6% | 1.4% | 7.8% | |
| EV / EBIT | -19.1x | -35.8x | 295.4x | 112.4x | 15.6x | |
| Net Income | $-42.5M | $-10.2M | $-11.8M | $30.4M | $48.7M | |
| YoY % | — | +76.0% | -15.7% | +357.6% | +60.2% | |
| Net Margin | -11.2% | -1.9% | -2.0% | 4.4% | 5.8% | |
| EPS (GAAP) | -$0.82 | -$0.14 | -$0.15 | $0.38 | $0.64 | |
| YoY % | — | +82.9% | -7.1% | +353.3% | +68.4% |