STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $218.3M | $380.9M | $463.4M | $545.5M | $686.6M | |
| YoY % | — | +74.5% | +21.7% | +17.7% | +25.9% | |
| P / Sales | 6.2x | 4.0x | 3.6x | 3.8x | 4.4x | |
| EV / Sales | 6.1x | 4.8x | 4.3x | 4.5x | 5.0x | |
| Gross Profit, Adj. | $57.1M | $146.0M | $178.3M | $215.6M | $268.8M | |
| YoY % | — | +155.5% | +22.1% | +21.0% | +24.6% | |
| Margin % | 26.2% | 38.3% | 38.5% | 39.5% | 39.1% | |
| EV / Gross Profit | 23.4x | 12.5x | 11.1x | 11.3x | 12.8x | |
| EBITDA, Adj. | $-54.0M | $-68.4M | $-62.4M | $-43.1M | $-26.7M | |
| YoY % | — | -26.7% | +8.8% | +31.0% | +37.9% | |
| Margin % | -24.7% | -18.0% | -13.5% | -7.9% | -3.9% | |
| EV / EBITDA | -24.8x | -26.6x | -31.8x | -56.6x | -128.5x | |
| EBIT | $-58.7M | $-77.1M | $-73.6M | $-56.1M | $-45.5M | |
| YoY % | — | -31.4% | +4.6% | +23.7% | +18.9% | |
| Margin % | -26.9% | -20.2% | -15.9% | -10.3% | -6.6% | |
| EV / EBIT | -22.8x | -23.6x | -27.0x | -43.4x | -75.4x | |
| Net Income | $-61.4M | $-79.1M | $-67.5M | $-50.4M | $-61.7M | |
| YoY % | — | -28.8% | +14.7% | +25.3% | -22.5% | |
| Net Margin | -28.1% | -20.8% | -14.6% | -9.2% | -9.0% | |
| EPS (GAAP) | -$2.33 | -$1.68 | -$1.41 | -$1.03 | -$1.22 | |
| YoY % | — | +27.9% | +16.1% | +27.0% | -18.4% |