STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $3.3B | $3.9B | $4.3B | $5.6B | $11.0B | |
| YoY % | — | +17.9% | +11.3% | +29.2% | +95.9% | |
| P / Sales | 25.0x | 4.5x | 5.6x | 4.0x | 3.5x | |
| EV / Sales | 25.0x | 5.2x | 6.5x | 4.8x | 4.2x | |
| Gross Profit, Adj. | $412.6M | $447.7M | $63.7M | $800.9M | $2.1B | |
| YoY % | — | +8.5% | -85.8% | +1156.6% | +158.3% | |
| Margin % | 12.5% | 11.5% | 1.5% | 14.3% | 18.9% | |
| EV / Gross Profit | 200.4x | 45.4x | 442.7x | 33.5x | 22.5x | |
| EBITDA, Adj. | $-940.9M | $-1.1B | $-1.3B | $-623.2M | $-57.1M | |
| YoY % | — | -19.0% | -13.7% | +51.1% | +90.8% | |
| Margin % | -28.5% | -28.8% | -29.4% | -11.1% | -0.5% | |
| EV / EBITDA | -87.9x | -18.2x | -22.2x | -43.1x | -815.4x | |
| EBIT | $-1.0B | $-1.3B | $-1.5B | $-912.2M | $-396.1M | |
| YoY % | — | -21.9% | -21.9% | +40.7% | +56.6% | |
| Margin % | -31.3% | -32.4% | -35.5% | -16.3% | -3.6% | |
| EV / EBIT | -79.9x | -16.1x | -18.3x | -29.4x | -117.5x | |
| Net Income | $-765.1M | $-1.3B | $-1.5B | $-793.3M | $-162.9M | |
| YoY % | — | -73.2% | -10.6% | +45.9% | +79.5% | |
| Net Margin | -23.2% | -34.0% | -33.8% | -14.2% | -1.5% | |
| EPS (GAAP) | -$0.47 | -$0.77 | -$0.84 | -$0.42 | -$0.09 | |
| YoY % | — | -63.8% | -9.1% | +50.0% | +78.6% |