STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.8B | $3.9B | $5.7B | $9.0B | $11.5B | |
| YoY % | — | +114.3% | +45.0% | +57.5% | +27.9% | |
| P / Sales | 0.8x | 0.1x | 0.4x | 0.4x | 0.3x | |
| EV / Sales | 1.2x | 0.7x | 0.5x | 0.7x | 0.6x | |
| Gross Profit, Adj. | $212.4M | $655.2M | $1.1B | $1.7B | $1.5B | |
| YoY % | — | +208.5% | +62.6% | +55.7% | -10.8% | |
| Margin % | 11.6% | 16.6% | 18.7% | 18.5% | 12.9% | |
| EV / Gross Profit | 10.5x | 4.0x | 2.8x | 3.5x | 4.3x | |
| EBITDA, Adj. | $-448.4M | $-602.2M | $-360.4M | $-96.3M | $-570.4M | |
| YoY % | — | -34.3% | +40.2% | +73.3% | -492.2% | |
| Margin % | -24.4% | -15.3% | -6.3% | -1.1% | -5.0% | |
| EV / EBITDA | -5.0x | -4.3x | -8.2x | -60.9x | -11.1x | |
| EBIT | $-602.1M | $-617.5M | $-391.1M | $-128.5M | $-599.3M | |
| YoY % | — | -2.6% | +36.7% | +67.1% | -366.5% | |
| Margin % | -32.8% | -15.7% | -6.9% | -1.4% | -5.2% | |
| EV / EBIT | -3.7x | -4.2x | -7.5x | -45.7x | -10.6x | |
| Net Income | $-572.6M | $-606.3M | $-270.7M | $25.4M | $-443.2M | |
| YoY % | — | -5.9% | +55.3% | +109.4% | -1842.5% | |
| Net Margin | -31.2% | -15.4% | -4.7% | 0.3% | -3.9% | |
| EPS (GAAP) | -$3.20 | -$2.85 | -$1.22 | $0.10 | -$1.69 | |
| YoY % | — | +10.9% | +57.2% | +108.2% | -1790.0% |