STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $637.4M | $1.0B | $1.3B | $1.5B | $1.5B | |
| YoY % | — | +64.7% | +20.7% | +18.5% | -2.8% | |
| P / Sales | 0.5x | 0.1x | 0.3x | 0.0x | 0.0x | |
| EV / Sales | 0.7x | 0.4x | 0.6x | 0.4x | 0.5x | |
| Gross Profit, Adj. | $637.4M | $1.0B | $1.3B | $-58.9M | $-60.2M | |
| YoY % | — | +64.7% | +20.7% | -104.7% | -2.1% | |
| Margin % | 100.0% | 100.0% | 100.0% | -3.9% | -4.1% | |
| EV / Gross Profit | 0.7x | 0.4x | 0.6x | -10.7x | -13.0x | |
| EBITDA, Adj. | $-179.2M | $-158.7M | $-81.3M | $-226.5M | $-186.1M | |
| YoY % | — | +11.5% | +48.8% | -178.8% | +17.8% | |
| Margin % | -28.1% | -15.1% | -6.4% | -15.1% | -12.8% | |
| EV / EBITDA | -2.5x | -2.6x | -9.6x | -2.8x | -4.2x | |
| EBIT | $-187.9M | $-1.6B | $-167.9M | $-320.7M | $-270.3M | |
| YoY % | — | -730.5% | +89.2% | -90.9% | +15.7% | |
| Margin % | -29.5% | -148.7% | -13.3% | -21.4% | -18.5% | |
| EV / EBIT | -2.4x | -0.3x | -4.6x | -2.0x | -2.9x | |
| Net Income | $-156.5M | $-270.1M | $-57.8M | $-135.8M | $-147.9M | |
| YoY % | — | -72.6% | +78.6% | -135.1% | -8.9% | |
| Net Margin | -24.6% | -25.7% | -4.6% | -9.1% | -10.1% | |
| EPS (GAAP) | -$188.17 | -$325.00 | -$31.50 | -$54.06 | -$45.26 | |
| YoY % | — | -72.7% | +90.3% | -71.6% | +16.3% |