| Market Cap | $422.5M | |
| Enterprise Value | — | |
| Revenue | $116.4M | +5.1% |
| Gross Profit | — | — |
| EBITDA | -$142.8M | −191.9% |
| Net Income | -$169.3M | −383.7% |
| Diluted EPS | -$0.31 | −263.2% |
| Free Cash Flow | -$697.6M | — |
| DPS (FY2025) | $0.00derived |
| Trailing yield | 0.26% |
| Payout ratio | — |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| Ratio | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 10y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||
| Gross Margin | — | — | — | — | 33.04% | 68.01% | 36.91% | 34.20% | — | — | — | — | |
| Operating Margin | 5.85% | −19.55% | −23.97% | −43.60% | 7.39% | 6.13% | −331.82% | −37.00% | 25.51% | −80.87% | 15% | 20% | |
| EBITDA Margin | 6.90% | −18.72% | −22.92% | −42.94% | 23.26% | 21.15% | −245.65% | −4.88% | 55.41% | −48.45% | 15% | 12% | |
| NOPAT Margin | 4.39% | −15.44% | −18.94% | −34.44% | — | 0.00% | −262.14% | −29.23% | 22.37% | −63.88% | 17% | 10% | |
| Net Margin | 4.34% | −13.55% | −44.84% | −211.63% | −10.82% | −1.05% | −326.03% | −30.93% | 26.20% | −70.73% | 25% | 7% | |
| FCF Margin | −32.41% | −28.15% | −73.56% | — | −26.00% | −66.81% | −86.17% | −145.95% | −99.02% | −506.21% | 6% | 2% | |
| OCF Margin | −29.48% | −27.45% | −64.01% | −29.47% | −4.61% | −18.06% | −26.31% | 2.46% | −12.02% | −254.42% | 5% | 2% | |
| Gross Profitability | — | — | — | — | 17.45% | 37.62% | 11.87% | 8.11% | — | — | — | — | |
| Capex Intensity | 2.93% | 0.71% | 9.55% | — | 21.39% | 48.75% | 59.86% | 148.41% | 87.00% | 251.79% | 94% | 99% | |
| ▸Returns on Capital · 5 ratios | |||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||
| ▸Per share · 6 ratios | |||||||||||||
The five drivers multiply to 9.0% vs reported ROE 9.2%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7M | $7.0M | $7.9M | $4.6M | $21.1M | $96.1M | $32.3M | $44.9M | $108.1M | $113.6M |
| YoY % | +87.6% | +13.5% | -42.0% | +360.7% | +356.1% | -66.4% | +39.1% | +140.6% | +5.1% | |
| Cost of Revenue | — | — | — | — | $14.1M | $30.7M | $20.4M | $29.6M | — | — |
| YoY % | +117.9% | -33.7% | +45.1% | |||||||
| R&D Expense | $417,901 | $485,852 | $447,884 | $137,423 | — | — | — | — | — | — |
| YoY % | +16.3% | -7.8% | -69.3% | |||||||
| SG&A Expense | $1.6M | $3.9M | $1.9M | $2.0M | $2.5M | $39.2M | $23.0M | $27.7M | $41.5M | $81.0M |
| YoY % | +139.4% | -51.7% | +5.4% | +26.2% | +1456.8% | -41.3% | +20.4% | +50.0% | +95.1% | |
| Total Operating Expenses | $3.5M | $8.3M | $1.9M | $2.0M | $19.9M | $83.0M | $139.5M | $61.5M | $80.5M | $205.4M |
| YoY % | +138.3% | -77.3% | +5.4% | +900.6% | +316.2% | +68.0% | -55.9% | +30.8% | +155.2% | |
| Operating Income | $216,854 | -$1.4M | -$1.9M | -$2.0M | $1.6M | $5.9M | -$107.2M | -$16.6M | $27.6M | -$91.8M |
| YoY % | +278.2% | |||||||||
| Interest Expense | — | — | — | — | — | — | — | — | — | $3.1M |
| Other Non-Operating Income | -$155 | $75,648 | $171,082 | $682,888 | -$1,924 | $702,414 | -$1.1M | $3.2M | $5.6M | -$6.9M |
| YoY % | +126.2% | +299.2% | +76.4% | |||||||
| Equity Method Income | — | — | — | — | — | — | — | -$7,695 | — | — |
| Gains on Sale of Real Estate | — | — | — | — | — | — | $1.5M | — | — | — |
| Impairment of Real Estate | — | — | — | — | $997,954 | $28.0M | $24.7M | $6.6M | — | $6.0M |
| YoY % | +2705.1% | -11.9% | -73.1% | |||||||
| Pretax Income | $219,749 | -$1.3M | -$1.9M | -$2.0M | $1.6M | $2.8M | -$105.9M | -$13.6M | $32.3M | -$86.9M |
| YoY % | +83.0% | |||||||||
| Income Tax | $54,938 | -$271,541 | -$461,171 | $806,803 | — | $3.9M | -$592,850 | $279,044 | $4.0M | -$2.0M |
| YoY % | +1325.6% | |||||||||
| Income from Continuing Operations | — | — | -$1.9M | -$2.0M | $1.6M | -$1.0M | -$105.3M | — | — | — |
| Income from Discontinued Operations | — | — | -$1.6M | $7.7M | $3.8M | — | — | — | — | — |
| YoY % | -50.1% | |||||||||
| Net Income (incl. NCI) | $164,811 | -$996,825 | -$3.5M | -$9.7M | -$2.3M | -$1.0M | — | -$13.9M | $28.3M | -$84.9M |
| Minority Interest (P&L) | $3,906 | -$54,457 | -$111,145 | -$205,941 | — | — | — | — | — | -$4.6M |
| Net Income | $160,905 | -$942,368 | -$3.5M | -$9.7M | -$2.3M | -$1.0M | -$105.3M | -$13.9M | $28.3M | -$80.3M |
| Net Income to Common | — | — | — | -$9.7M | -$2.3M | -$1.0M | -$105.3M | — | — | — |
| EPS (Basic) | — | — | — | -$0.62 | -$0.07 | -$0.02 | -$1.34 | -$0.16 | $0.20 | -$0.31 |
| EPS (Diluted) | — | — | — | -$0.62 | -$0.07 | -$0.02 | -$1.34 | -$0.16 | $0.19 | -$0.31 |
| Weighted Avg Shares (Basic) | — | — | — | 15.2M | 30.6M | 55.4M | 78.6M | 87.5M | 140.3M | 257.9M |
| YoY % | +101.3% | +81.2% | +41.8% | +11.3% | +60.3% | +83.7% | ||||
| Weighted Avg Shares (Diluted) | — | — | — | 15.2M | 30.6M | 55.4M | 78.6M | 87.5M | 141.5M | 257.9M |
| YoY % | +101.3% | +81.2% | +41.8% | +11.3% | +61.7% | +82.2% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
