| Market Cap | $8.35B | |
| Enterprise Value | — | |
| Revenue | $1.16B | +41.0% |
| Gross Profit | $926.3M | +31.6% |
| EBITDA | -$1.45B | — |
| Net Income | -$1.44B | — |
| Diluted EPS | -$3.71 | — |
| Free Cash Flow | $239.4M | — |
| Ratio | 2023 | 2024 | 2025 | Trend · 3y | vs own | vs sector |
|---|---|---|---|---|---|---|
| ▾Margins | ||||||
| Gross Margin | 91.19% | 88.32% | 82.43% | 17% | 92% | |
| Operating Margin | −14.55% | −117.15% | −122.23% | 17% | 12% | |
| EBITDA Margin | −12.87% | −116.12% | −120.75% | 17% | 11% | |
| NOPAT Margin | −11.35% | −92.54% | −96.56% | 17% | 9% | |
| Net Margin | 146.14% | −97.74% | −118.44% | 17% | 13% | |
| FCF Margin | 206.70% | −8.50% | 23.32% | 50% | 82% | |
| OCF Margin | 207.44% | −8.24% | 23.74% | 50% | 77% | |
| Gross Profitability | — | 36.89% | 37.06% | 75% | 67% | |
| Capex Intensity | 0.74% | 0.26% | 0.42% | 50% | 17% | |
| ▸Returns on Capital · 3 ratios | ||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | ||||||
| ▸Earnings quality · 4 ratios | ||||||
| ▸Liquidity & coverage · 2 ratios | ||||||
| ▸Leverage · 2 ratios | ||||||
| ▸Working capital · 5 ratios | ||||||
| ▸Capital allocation · 2 ratios | ||||||
| ▸Per share · 3 ratios | ||||||
| ▸Other · 1 ratios | ||||||
| Line | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|
| Revenue | $504.9M | $749.0M | $1.06B |
| YoY % | +48.4% | +41.0% | |
| Cost of Revenue | $44.5M | $87.5M | $185.5M |
| YoY % | +96.7% | +112.0% | |
| Gross Profit | $460.4M | $661.5M | $870.3M |
| YoY % | +43.7% | +31.6% | |
| R&D Expense | $164.8M | $751.1M | $1.03B |
| YoY % | +355.8% | +37.1% | |
| Selling & Marketing Expense | $201.4M | $472.1M | $575.5M |
| YoY % | +134.4% | +21.9% | |
| SG&A Expense | $167.7M | $315.7M | $555.5M |
| YoY % | +88.3% | +75.9% | |
| Total Operating Expenses | $533.8M | $1.54B | $2.16B |
| YoY % | +188.3% | +40.4% | |
| Operating Income | -$73.5M | -$877.4M | -$1.29B |
| Other Non-Operating Income | $1.02B | $84.4M | $64.8M |
| YoY % | -91.7% | -23.2% | |
| Pretax Income | $945.9M | -$793.1M | -$1.23B |
| Income Tax | $208.1M | -$61.0M | $24.8M |
| Net Income | $737.8M | -$732.1M | -$1.25B |
| Net Income to Common | $285.9M | -$732.1M | -$1.25B |
| EPS (Basic) | $1.70 | -$3.74 | -$3.71 |
| EPS (Diluted) | $1.62 | -$3.74 | -$3.71 |
| Weighted Avg Shares (Basic) | 168.4M | 195.6M | 337.0M |
| YoY % | +16.2% | +72.3% | |
| Weighted Avg Shares (Diluted) | 187.2M | 195.6M | 337.0M |
| YoY % | +4.5% | +72.3% |
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.
