STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $113.7M | $119.6M | $150.0M | $187.6M | $228.9M | |
| YoY % | — | +5.2% | +25.5% | +25.0% | +22.0% | |
| P / Sales | 1.5x | 0.8x | 2.6x | 2.9x | 2.8x | |
| EV / Sales | 0.0x | -0.1x | 1.9x | 2.6x | 2.7x | |
| Gross Profit, Adj. | $66.8M | $60.3M | $74.8M | $86.3M | $98.3M | |
| YoY % | — | -9.6% | +24.0% | +15.3% | +14.0% | |
| Margin % | 58.7% | 50.5% | 49.9% | 46.0% | 43.0% | |
| EV / Gross Profit | 0.1x | -0.3x | 3.9x | 5.7x | 6.2x | |
| EBITDA, Adj. | $-92.0M | $-75.7M | $-22.0M | $-3.6M | $6.0M | |
| YoY % | — | +17.7% | +70.9% | +83.5% | +265.7% | |
| Margin % | -80.9% | -63.3% | -14.7% | -1.9% | 2.6% | |
| EV / EBITDA | -0.0x | 0.2x | -13.3x | -134.7x | 101.4x | |
| EBIT | $-93.9M | $-83.2M | $-23.2M | $-4.5M | $3.2M | |
| YoY % | — | +11.5% | +72.1% | +80.6% | +170.1% | |
| Margin % | -82.6% | -69.5% | -15.5% | -2.4% | 1.4% | |
| EV / EBIT | -0.0x | 0.2x | -12.6x | -109.0x | 193.8x | |
| Net Income | $-62.7M | $-79.7M | $-19.2M | $1.1M | $7.8M | |
| YoY % | — | -27.0% | +75.9% | +106.0% | +578.8% | |
| Net Margin | -55.2% | -66.6% | -12.8% | 0.6% | 3.4% | |
| EPS (GAAP) | -$0.72 | -$0.51 | -$0.12 | $0.01 | $0.04 | |
| YoY % | — | +29.2% | +76.5% | +108.3% | +300.0% |