| Market Cap | $5.82B | |
| Enterprise Value | $8.35B | |
| Revenue | $440.3M | −37.5% |
| Gross Profit | $124.8M | −68.7% |
| EBITDA | -$498.6M | — |
| Net Income | -$1.43B | — |
| Diluted EPS | -$0.88 | — |
| Free Cash Flow | -$957.7M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 15.57% | 43.87% | 1.31% | 24.57% | 23.71% | 11.88% | 25% | 20% | |
| Operating Margin | −10.49% | 24.15% | −329.46% | 1.78% | −27.82% | −76.98% | 25% | 15% | |
| EBITDA Margin | 5.10% | 30.28% | −294.28% | 20.89% | −5.65% | −55.38% | 25% | 7% | |
| NOPAT Margin | −8.29% | 18.11% | −260.27% | 1.41% | −21.98% | −60.82% | 25% | 9% | |
| Net Margin | −20.24% | 8.69% | −335.20% | −49.06% | −281.57% | −90.47% | 42% | 9% | |
| FCF Margin | −39.40% | −10.42% | −27.92% | 9.74% | −10.20% | −141.29% | 8% | 6% | |
| FCFE Margin | 26.77% | 103.72% | −4.80% | 1.58% | −69.89% | −143.99% | 8% | 4% | |
| OCF Margin | −39.40% | −10.42% | 32.04% | 12.96% | 8.40% | 87.22% | 92% | 93% | |
| Gross Profitability | 62613.33% | 9.79% | 1.04% | 17.34% | 8.20% | 1.61% | 25% | 17% | |
| Capex Intensity | 0.00% | 0.00% | 59.97% | 3.22% | 18.60% | 228.51% | 92% | 95% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 2 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
The five drivers multiply to 7.1% vs reported ROE 7.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $60.3M | $544.5M | $640.3M | $502.4M | $510.7M | $319.0M |
| YoY % | +802.7% | +17.6% | -21.5% | +1.6% | -37.5% | |
| Cost of Revenue | $50.9M | $305.6M | $631.9M | $378.9M | $389.6M | $281.1M |
| YoY % | +500.1% | +106.8% | -40.0% | +2.8% | -27.8% | |
| Gross Profit | $9.4M | $238.9M | $8.4M | $123.5M | $121.1M | $37.9M |
| YoY % | +2443.2% | -96.5% | +1369.8% | -1.9% | -68.7% | |
| R&D Expense | $5.3M | $7.7M | $27.0M | $7.2M | $11.8M | — |
| YoY % | +45.6% | +251.3% | -73.4% | +64.7% | ||
| Selling & Marketing Expense | $1.8M | $4.1M | $12.7M | $7.0M | $10.0M | — |
| YoY % | +129.4% | +213.4% | -44.9% | +42.0% | ||
| SG&A Expense | — | — | — | $108.1M | $113.7M | $159.2M |
| YoY % | +5.2% | +40.0% | ||||
| Total Operating Expenses | $21.6M | $72.2M | $253.0M | — | — | — |
| YoY % | +234.4% | +250.3% | ||||
| Operating Income | -$6.3M | $131.5M | -$2.11B | $9.0M | -$142.1M | -$245.6M |
| Interest & Investment Income | — | $34,536 | — | — | — | — |
| Other Non-Operating Income | -$110,000 | -$2,000 | -$5.2M | $2.5M | $2.4M | -$39,000 |
| YoY % | -5.3% | |||||
| Impairment of Real Estate | $0 | $0 | $590.7M | $0 | $122.9M | $11.4M |
| YoY % | -100.0% | -90.8% | ||||
| Pretax Income | -$12.2M | $63.1M | -$2.16B | -$245.8M | -$1.44B | -$288.0M |
| Income Tax | $0 | $15.8M | -$17.1M | $683,000 | $859,000 | $583,000 |
| YoY % | +25.8% | -32.1% | ||||
| Net Income (incl. NCI) | — | -$32.5M | — | — | — | — |
| Net Income | -$12.2M | $47.3M | -$2.15B | -$246.5M | -$1.44B | -$288.6M |
| Net Income to Common | -$22.7M | $47.3M | -$2.15B | -$246.5M | -$1.25B | -$280.7M |
| Preferred Dividends | -$10.5M | $0 | $0 | — | — | — |
| EPS (Basic) | -$0.14 | $0.23 | -$6.30 | -$0.65 | -$4.87 | -$0.88 |
| EPS (Diluted) | -$0.14 | $0.20 | -$6.30 | -$0.65 | -$4.87 | -$0.88 |
| Weighted Avg Shares (Basic) | 157.6M | 207.3M | 340.6M | 379.9M | 255.8M | 318.1M |
| YoY % | +31.5% | +64.4% | +11.5% | -32.7% | +24.3% | |
| Weighted Avg Shares (Diluted) | 157.6M | 233.3M | 340.6M | 379.9M | 255.8M | 318.1M |
| YoY % | +48.0% | +46.0% | +11.5% | -32.7% | +24.3% |
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.
