STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $339.9M | $470.1M | $584.0M | $676.8M | $679.5M | |
| YoY % | — | +38.3% | +24.2% | +15.9% | +0.4% | |
| P / Sales | 2.9x | 2.0x | 2.1x | 5.4x | 1.2x | |
| EV / Sales | 1.8x | 2.1x | 2.3x | 5.6x | 1.7x | |
| Gross Profit, Adj. | $40.4M | $69.3M | $101.9M | $132.9M | $103.5M | |
| YoY % | — | +71.5% | +47.1% | +30.4% | -22.1% | |
| Margin % | 11.9% | 14.7% | 17.5% | 19.6% | 15.2% | |
| EV / Gross Profit | 15.1x | 13.9x | 13.3x | 28.7x | 11.0x | |
| EBITDA, Adj. | $-93.4M | $-129.4M | $-53.2M | $-22.7M | $-49.6M | |
| YoY % | — | -38.5% | +58.9% | +57.4% | -118.8% | |
| Margin % | -27.5% | -27.5% | -9.1% | -3.4% | -7.3% | |
| EV / EBITDA | -6.5x | -7.5x | -25.5x | -168.3x | -23.0x | |
| EBIT | $-134.3M | $-193.1M | $-121.7M | $-95.4M | $-137.9M | |
| YoY % | — | -43.8% | +37.0% | +21.5% | -44.5% | |
| Margin % | -39.5% | -41.1% | -20.8% | -14.1% | -20.3% | |
| EV / EBIT | -4.5x | -5.0x | -11.1x | -40.0x | -8.3x | |
| Net Income | $-153.2M | $-190.4M | $-113.4M | $-90.4M | $-134.1M | |
| YoY % | — | -24.3% | +40.5% | +20.3% | -48.3% | |
| Net Margin | -45.1% | -40.5% | -19.4% | -13.4% | -19.7% | |
| EPS (GAAP) | -$5.51 | -$1.73 | -$1.01 | -$0.79 | -$1.14 | |
| YoY % | — | +68.6% | +41.6% | +21.8% | -44.3% |