STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.5B | $1.9B | $2.2B | $2.9B | $4.5B | |
| YoY % | +41.1% | +23.6% | +16.7% | +28.8% | +56.2% | |
| P / Sales | 22.7x | 6.9x | 17.1x | 64.7x | 101.9x | |
| EV / Sales | 21.9x | 6.0x | 17.2x | 64.4x | 101.9x | |
| Gross Profit, Adj. | $1.2B | $1.5B | $1.8B | $2.3B | $3.7B | |
| YoY % | +62.5% | +24.5% | +19.8% | +28.2% | +60.3% | |
| Margin % | 78.0% | 78.6% | 80.6% | 80.2% | 82.4% | |
| EV / Gross Profit | 28.0x | 7.6x | 21.3x | 80.2x | 123.7x | |
| EBITDA, Adj. | $-396.1M | $-138.7M | $153.3M | $342.0M | $1.4B | |
| YoY % | +65.8% | +65.0% | +210.6% | +123.1% | +321.1% | |
| Margin % | -25.7% | -7.3% | 6.9% | 11.9% | 32.2% | |
| EV / EBITDA | -85.1x | -82.3x | 249.3x | 539.5x | 316.6x | |
| EBIT | $-411.0M | $-161.2M | $120.0M | $310.4M | $1.4B | |
| YoY % | +65.0% | +60.8% | +174.4% | +158.7% | +355.5% | |
| Margin % | -26.7% | -8.5% | 5.4% | 10.8% | 31.6% | |
| EV / EBIT | -82.0x | -70.8x | 318.7x | 594.4x | 322.5x | |
| Net Income | $-520.4M | $-373.7M | $209.8M | $462.2M | $1.6B | |
| YoY % | +55.4% | +28.2% | +156.1% | +120.3% | +251.6% | |
| Net Margin | -33.7% | -19.6% | 9.4% | 16.1% | 36.3% | |
| EPS (GAAP) | -$0.27 | -$0.18 | $0.09 | $0.19 | $0.63 | |
| YoY % | +77.5% | +33.3% | +150.0% | +111.1% | +231.6% |