STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $380.2M | $269.7M | $152.1M | $92.9M | $104.5M | |
| YoY % | +66.0% | -29.1% | -43.6% | -38.9% | +12.5% | |
| P / Sales | 7.6x | 0.8x | 0.8x | 1.0x | 0.6x | |
| EV / Sales | 8.0x | 0.7x | 0.0x | 0.2x | 0.5x | |
| Gross Profit, Adj. | $354.9M | $239.0M | $136.7M | $79.5M | $91.4M | |
| YoY % | +63.7% | -32.7% | -42.8% | -41.9% | +15.1% | |
| Margin % | 93.4% | 88.6% | 89.9% | 85.6% | 87.5% | |
| EV / Gross Profit | 8.6x | 0.8x | 0.0x | 0.2x | 0.6x | |
| EBITDA, Adj. | $-282.1M | $-235.4M | $-109.0M | $-90.8M | $-70.0M | |
| YoY % | -177.8% | +16.6% | +53.7% | +16.7% | +22.9% | |
| Margin % | -74.2% | -87.3% | -71.7% | -97.8% | -67.0% | |
| EV / EBITDA | -10.8x | -0.8x | -0.0x | -0.2x | -0.8x | |
| EBIT | $-293.8M | $-421.4M | $-114.3M | $-46.5M | $-63.9M | |
| YoY % | -184.7% | -43.4% | +72.9% | +59.3% | -37.4% | |
| Margin % | -77.3% | -156.2% | -75.2% | -50.1% | -61.2% | |
| EV / EBIT | -10.4x | -0.4x | -0.0x | -0.4x | -0.9x | |
| Net Income | $-187.9M | $-438.9M | $-101.4M | $-46.8M | $-70.4M | |
| YoY % | -26.1% | -133.5% | +76.9% | +53.8% | -50.5% | |
| Net Margin | -49.4% | -162.7% | -66.6% | -50.4% | -67.4% | |
| EPS (GAAP) | -$14.20 | -$21.41 | -$4.85 | -$2.62 | -$4.51 | |
| YoY % | -39.2% | -50.8% | +77.3% | +46.0% | -72.1% |