STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $1.7B | $2.7B | $3.9B | $5.0B | $6.2B | |
| YoY % | — | +59.9% | +41.8% | +28.3% | +24.1% | |
| P / Sales | 5.9x | 3.3x | 2.5x | 4.3x | 3.5x | |
| EV / Sales | 5.8x | 3.3x | 2.5x | 4.3x | 3.4x | |
| Gross Profit, Adj. | $314.0M | $511.0M | $834.0M | $1.2B | $1.6B | |
| YoY % | — | +62.7% | +63.2% | +42.7% | +33.9% | |
| Margin % | 18.4% | 18.7% | 21.6% | 24.0% | 25.9% | |
| EV / Gross Profit | 31.5x | 17.7x | 11.7x | 18.1x | 13.3x | |
| EBITDA, Adj. | $-177.0M | $-316.0M | $-193.0M | $190.0M | $467.0M | |
| YoY % | — | -78.5% | +38.9% | +198.4% | +145.8% | |
| Margin % | -10.4% | -11.6% | -5.0% | 3.8% | 7.6% | |
| EV / EBITDA | -55.9x | -28.6x | -50.4x | 113.2x | 45.4x | |
| EBIT | $-228.0M | $-384.0M | $-287.0M | $16.0M | $292.0M | |
| YoY % | — | -68.4% | +25.3% | +105.6% | +1725.0% | |
| Margin % | -13.4% | -14.1% | -7.4% | 0.3% | 4.7% | |
| EV / EBIT | -43.4x | -23.5x | -33.9x | 1343.9x | 72.7x | |
| Net Income | $-487.0M | $-275.0M | $-246.0M | $19.0M | $342.0M | |
| YoY % | — | +43.5% | +10.5% | +107.7% | +1700.0% | |
| Net Margin | -28.6% | -10.1% | -6.4% | 0.4% | 5.6% | |
| EPS (GAAP) | -$1.68 | -$0.72 | -$0.47 | $0.03 | $0.56 | |
| YoY % | — | +57.1% | +34.7% | +106.4% | +1766.7% |