STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $2.1B | $2.8B | $3.5B | $4.4B | $5.2B | |
| YoY % | +49.1% | +34.2% | +26.1% | +23.3% | +19.7% | |
| P / Sales | 30.7x | 16.9x | 12.2x | 10.6x | 10.2x | |
| EV / Sales | 31.5x | 17.5x | 12.6x | 11.1x | 10.6x | |
| Gross Profit, Adj. | $1.8B | $2.3B | $2.9B | $3.6B | $4.3B | |
| YoY % | +55.2% | +33.7% | +23.4% | +22.6% | +21.5% | |
| Margin % | 84.1% | 83.8% | 82.1% | 81.6% | 82.8% | |
| EV / Gross Profit | 37.5x | 20.9x | 15.3x | 13.6x | 12.8x | |
| EBITDA, Adj. | $197.4M | $121.8M | $-284.3M | $-38.3M | $-38.0M | |
| YoY % | +244.0% | -38.3% | -333.4% | +86.5% | +0.8% | |
| Margin % | 9.4% | 4.3% | -8.0% | -0.9% | -0.7% | |
| EV / EBITDA | 333.7x | 402.9x | -156.0x | -1257.0x | -1455.9x | |
| EBIT | $141.4M | $70.1M | $-345.2M | $-117.1M | $-130.4M | |
| YoY % | +171.0% | -50.4% | -592.6% | +66.1% | -11.4% | |
| Margin % | 6.8% | 2.5% | -9.8% | -2.7% | -2.5% | |
| EV / EBIT | 465.8x | 700.4x | -128.5x | -411.6x | -424.5x | |
| Net Income | $-579.0M | $-519.5M | $-486.8M | $-300.5M | $-256.7M | |
| YoY % | -65.1% | +10.3% | +6.3% | +38.3% | +14.6% | |
| Net Margin | -27.7% | -18.5% | -13.8% | -6.9% | -4.9% | |
| EPS (GAAP) | -$2.32 | -$2.05 | -$1.90 | -$1.16 | -$0.98 | |
| YoY % | -62.2% | +11.6% | +7.3% | +38.9% | +15.5% |