STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $4.8B | $5.0B | $3.7B | $3.5B | $3.0B | |
| YoY % | +75.9% | +2.9% | -26.0% | -4.4% | -15.3% | |
| P / Sales | — | — | — | — | — | |
| EV / Sales | — | — | — | — | — | |
| Gross Profit, Adj. | $698.9M | $272.3M | $142.3M | $265.6M | $165.9M | |
| YoY % | +117.7% | -61.0% | -47.7% | +86.6% | -37.5% | |
| Margin % | 14.5% | 5.5% | 3.9% | 7.6% | 5.6% | |
| EV / Gross Profit | — | — | — | — | — | |
| EBITDA, Adj. | $543.0M | $110.4M | $53.2M | $148.8M | $40.5M | |
| YoY % | +191.6% | -79.7% | -51.8% | +179.7% | -72.8% | |
| Margin % | 11.2% | 2.2% | 1.4% | 4.2% | 1.4% | |
| EV / EBITDA | — | — | — | — | — | |
| EBIT | $368.7M | $-126.5M | $-517.5M | $-61.4M | $-251.1M | |
| YoY % | +346.4% | -134.3% | -309.1% | +88.1% | -309.0% | |
| Margin % | 7.6% | -2.5% | -14.1% | -1.7% | -8.4% | |
| EV / EBIT | — | — | — | — | — | |
| Net Income | $440.0M | $-430.9M | $-701.3M | $-348.5M | $-545.6M | |
| YoY % | +5469.6% | -197.9% | -62.8% | +50.3% | -56.6% | |
| Net Margin | 9.1% | -8.7% | -19.1% | -9.9% | -18.3% | |
| EPS (GAAP) | $11.12 | -$11.99 | -$19.88 | -$9.86 | -$15.24 | |
| YoY % | +5460.0% | -207.8% | -65.8% | +50.4% | -54.6% |