STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|
| Sales, Adj. | $664.9M | $402.0M | $343.9M | $266.1M | |
| YoY % | — | -39.5% | -14.4% | -22.6% | |
| P / Sales | 0.6x | 0.5x | 0.2x | 0.1x | |
| EV / Sales | 1.6x | 1.3x | 1.1x | 1.2x | |
| Gross Profit, Adj. | $184.6M | $153.2M | $101.3M | $100.4M | |
| YoY % | — | -17.0% | -33.9% | -0.9% | |
| Margin % | 27.8% | 38.1% | 29.5% | 37.7% | |
| EV / Gross Profit | 5.9x | 3.3x | 3.7x | 3.3x | |
| EBITDA, Adj. | $-2.9M | $19.2M | $-8.5M | $20.8M | |
| YoY % | — | +752.8% | -144.2% | +345.1% | |
| Margin % | -0.4% | 4.8% | -2.5% | 7.8% | |
| EV / EBITDA | -372.6x | 26.2x | -43.9x | 15.9x | |
| EBIT | $-494.3M | $-86.0M | $-88.6M | $-62.0M | |
| YoY % | — | +82.6% | -3.0% | +30.0% | |
| Margin % | -74.3% | -21.4% | -25.8% | -23.3% | |
| EV / EBIT | -2.2x | -5.9x | -4.2x | -5.3x | |
| Net Income | $-330.4M | $-227.2M | $-74.7M | $-65.3M | |
| YoY % | — | +31.2% | +67.1% | +12.5% | |
| Net Margin | -49.7% | -56.5% | -21.7% | -24.6% | |
| EPS (GAAP) | -$37.00 | -$24.80 | -$10.74 | -$8.32 | |
| YoY % | — | +33.0% | +56.7% | +22.5% |