STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $458.3M | $591.0M | $728.7M | $1.0B | $1.3B | |
| YoY % | — | +28.9% | +23.3% | +38.0% | +29.7% | |
| P / Sales | 1.6x | 2.0x | 1.8x | 3.3x | 3.4x | |
| EV / Sales | 2.0x | 2.3x | 2.1x | 3.4x | 3.7x | |
| Gross Profit, Adj. | $283.6M | $375.5M | $454.2M | $606.2M | $791.1M | |
| YoY % | — | +32.4% | +21.0% | +33.5% | +30.5% | |
| Margin % | 61.9% | 63.5% | 62.3% | 60.3% | 60.6% | |
| EV / Gross Profit | 3.3x | 3.7x | 3.4x | 5.6x | 6.2x | |
| EBITDA, Adj. | $-199.5M | $-220.8M | $-113.5M | $-3.6M | $100.8M | |
| YoY % | — | -10.7% | +48.6% | +96.8% | +2912.2% | |
| Margin % | -43.5% | -37.4% | -15.6% | -0.4% | 7.7% | |
| EV / EBITDA | -4.7x | -6.2x | -13.7x | -952.1x | 48.3x | |
| EBIT | $-246.2M | $-272.7M | $-167.7M | $-67.9M | $5.4M | |
| YoY % | — | -10.8% | +38.5% | +59.5% | +107.9% | |
| Margin % | -53.7% | -46.1% | -23.0% | -6.8% | 0.4% | |
| EV / EBIT | -3.8x | -5.0x | -9.3x | -50.3x | 906.7x | |
| Net Income | $-256.6M | $-279.2M | $-187.5M | $-69.8M | $-31.5M | |
| YoY % | — | -8.8% | +32.9% | +62.8% | +54.8% | |
| Net Margin | -56.0% | -47.3% | -25.7% | -6.9% | -2.4% | |
| EPS (GAAP) | -$2.95 | -$2.01 | -$1.20 | -$0.38 | -$0.14 | |
| YoY % | — | +31.9% | +40.3% | +68.3% | +63.2% |