| Market Cap | $45.66B | |
| Enterprise Value | $41.86B | |
| Revenue | $5.09B | +21.7% |
| Gross Profit | $3.82B | +21.2% |
| EBITDA | — | — |
| Net Income | -$30.5M | — |
| Diluted EPS | — | — |
| Free Cash Flow | $1.51B | +16.3% |
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend · 9y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||
| Gross Margin | 54.12% | 65.08% | 70.58% | 73.75% | 73.60% | 73.17% | 75.16% | 74.96% | 74.67% | 72% | 81% | |
| Operating Margin | −110.68% | −54.78% | −30.34% | −10.58% | −9.82% | −8.48% | −0.63% | −2.94% | −6.10% | 72% | 39% | |
| NOPAT Margin | −87.44% | −43.28% | −23.97% | −8.36% | −7.76% | −6.70% | −0.44% | 0.00% | −4.82% | 72% | 35% | |
| Net Margin | −114.09% | −56.07% | −29.45% | −10.59% | −16.18% | −8.18% | 2.36% | −0.39% | −3.38% | 72% | 44% | |
| FCF Margin | −68.78% | −23.54% | 4.10% | 34.74% | 31.87% | 31.50% | 32.39% | 28.50% | 27.23% | 39% | 88% | |
| FCFF Margin | — | — | — | — | — | — | 32.98% | 28.50% | — | — | — | |
| OCF Margin | −49.49% | −9.19% | 20.76% | 40.78% | 39.60% | 41.99% | 38.17% | 34.95% | 33.51% | 39% | 91% | |
| Gross Profitability | — | 37.53% | 24.19% | 23.60% | 29.53% | 32.63% | 34.55% | 34.06% | 32.41% | 44% | 61% | |
| Capex Intensity | 19.29% | 14.35% | 16.66% | 6.04% | 7.73% | 10.49% | 5.78% | 6.45% | 6.28% | 28% | 81% | |
| ▸Returns on Capital · 4 ratios | ||||||||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | ||||||||||||
| ▸Earnings quality · 4 ratios | ||||||||||||
| ▸Liquidity & coverage · 6 ratios | ||||||||||||
| ▸Leverage · 7 ratios | ||||||||||||
| ▸Working capital · 5 ratios | ||||||||||||
| ▸Capital allocation · 2 ratios | ||||||||||||
| ▸Per share · 5 ratios | ||||||||||||
| ▸Other · 1 ratios | ||||||||||||
| Line | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ | 2026↗ |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.8M | $249.8M | $481.4M | $874.4M | $1.45B | $2.24B | $3.06B | $3.95B | $4.81B |
| YoY % | +110.4% | +92.7% | +81.6% | +66.0% | +54.4% | +36.3% | +29.4% | +21.7% | |
| Cost of Revenue | $54.5M | $87.2M | $141.6M | $229.5M | $383.2M | $601.2M | $758.9M | $990.2M | $1.22B |
| YoY % | +60.1% | +62.3% | +62.1% | +66.9% | +56.9% | +26.2% | +30.5% | +23.1% | |
| Gross Profit | $64.3M | $162.6M | $339.8M | $644.9M | $1.07B | $1.64B | $2.30B | $2.96B | $3.59B |
| YoY % | +153.0% | +109.0% | +89.8% | +65.7% | +53.5% | +40.0% | +29.0% | +21.2% | |
| R&D Expense | $58.9M | $84.6M | $130.2M | $214.7M | $371.3M | $608.4M | $780.3M | $1.08B | $1.38B |
| YoY % | +43.6% | +54.0% | +64.9% | +73.0% | +63.9% | +28.3% | +37.8% | +28.7% | |
| Selling & Marketing Expense | $104.3M | $172.7M | $266.6M | $401.3M | $616.5M | $904.4M | $1.14B | $1.52B | $1.83B |
| YoY % | +65.6% | +54.4% | +50.5% | +53.6% | +46.7% | +26.1% | +33.6% | +20.2% | |
| SG&A Expense | $32.5M | $42.2M | $89.1M | $121.4M | $223.1M | $317.3M | $395.2M | $481.3M | $670.3M |
| YoY % | +29.7% | +111.0% | +36.3% | +83.7% | +42.2% | +24.5% | +21.8% | +39.3% | |
| Total Operating Expenses | $195.7M | $299.4M | $485.9M | $737.4M | $1.21B | $1.83B | $2.32B | $3.08B | $3.89B |
| YoY % | +53.0% | +62.2% | +51.8% | +64.2% | +51.1% | +26.5% | +33.0% | +26.2% | |
| Operating Income | -$131.4M | -$136.9M | -$146.1M | -$92.5M | -$142.5M | -$190.1M | -$19.1M | -$116.4M | -$293.3M |
| Interest Expense | — | — | — | — | — | $25.3M | $25.8M | $26.3M | $28.0M |
| YoY % | +1.7% | +2.2% | +6.5% | ||||||
| Interest & Investment Income | — | — | — | — | — | $52.5M | $148.9M | $196.2M | $195.0M |
| YoY % | +183.7% | +31.7% | -0.6% | ||||||
| Other Non-Operating Income | -$1.5M | -$1.4M | $6.7M | $1.3M | $4.0M | $3.1M | $1.6M | $5.1M | -$645,000 |
| YoY % | -81.4% | +217.2% | -23.1% | -46.3% | +211.4% | ||||
| Impairment of Real Estate | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | -$134.6M | -$138.7M | -$139.8M | -$87.9M | -$160.0M | -$159.9M | $105.7M | $58.6M | -$127.0M |
| YoY % | -44.6% | ||||||||
| Income Tax | $929,000 | $1.4M | $2.0M | $4.8M | $72.4M | $22.4M | $32.2M | $71.1M | $34.2M |
| YoY % | +47.1% | +46.1% | +138.4% | +1420.1% | -69.0% | +43.9% | +120.7% | -52.0% | |
| Net Income (incl. NCI) | — | -$140.1M | -$141.8M | -$92.6M | -$232.4M | -$182.3M | $73.4M | -$12.6M | -$161.2M |
| Minority Interest (P&L) | — | — | $0 | $0 | $2.4M | $960,000 | $1.3M | $2.7M | $1.3M |
| YoY % | -60.4% | +31.0% | +112.6% | -50.0% | |||||
| Net Income | -$135.5M | -$140.1M | -$141.8M | -$92.6M | -$234.8M | -$183.2M | $72.2M | -$15.2M | -$162.5M |
| Net Income to Common | -$141.3M | -$140.1M | — | — | — | — | — | — | — |
| EPS (Basic) | — | — | -$0.96 | -$0.43 | -$1.03 | -$0.79 | $0.30 | -$0.06 | -$0.65 |
| EPS (Diluted) | — | — | -$0.96 | -$0.43 | -$1.03 | -$0.79 | $0.30 | -$0.06 | -$0.65 |
| Weighted Avg Shares (Basic) | — | — | 148.1M | 217.8M | 227.1M | 233.1M | 238.6M | 244.8M | 250.6M |
| YoY % | +47.1% | +4.3% | +2.6% | +2.4% | +2.6% | +2.4% | |||
| Weighted Avg Shares (Diluted) | — | — | 148.1M | 217.8M | 227.1M | 233.1M | 243.6M | 244.8M | 250.6M |
| YoY % | +47.1% | +4.3% | +2.6% | +4.5% | +0.5% | +2.4% |
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.
