| Market Cap | $557.8M | |
| Enterprise Value | — | |
| Revenue | $320.3M | +13.8% |
| Gross Profit | $124.0M | +22.1% |
| EBITDA | -$81.7M | — |
| Net Income | -$73.8M | — |
| Diluted EPS | -$0.31 | — |
| Free Cash Flow | -$113.2M | — |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 26.76% | 47.07% | 63.22% | 54.35% | 49.90% | 56.63% | 78.71% | 78.29% | 59.29% | 36.15% | 37.82% | 40.56% | 29% | 24% | |
| Operating Margin | −77.46% | −52.34% | 5.02% | −18.59% | −23.75% | −1.32% | 68.78% | 68.07% | 28.83% | −67.57% | −26.08% | −28.23% | 29% | 53% | |
| EBITDA Margin | −62.13% | −46.33% | 11.42% | −9.36% | −13.62% | 5.16% | 69.48% | 69.18% | 34.10% | −58.53% | −17.28% | −20.76% | 29% | 52% | |
| NOPAT Margin | −61.20% | −41.35% | 3.97% | — | — | −1.18% | 51.68% | 50.50% | 22.23% | −53.38% | −20.60% | −22.30% | 35% | 45% | |
| Net Margin | −335.13% | −86.82% | −29.26% | −13.40% | −26.26% | −1.26% | 50.80% | 51.09% | 23.16% | −58.00% | −15.07% | −18.75% | 46% | 54% | |
| FCF Margin | −401.25% | −32.05% | 3.38% | −8.35% | −14.04% | 13.33% | 25.01% | 51.84% | 37.91% | 1.66% | −6.79% | −38.49% | 13% | 43% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 38.03% | — | — | — | — | — | — |
| OCF Margin | −344.05% | −10.12% | 24.10% | 7.11% | −3.16% | 16.96% | 33.34% | 54.24% | 40.94% | 9.33% | 7.43% | −31.50% | 13% | 46% | |
| Gross Profitability | — | 77.28% | 19.91% | 17.80% | 19.76% | 20.75% | 47.38% | 60.77% | 26.47% | 8.46% | 8.79% | 10.78% | 23% | 25% | |
| Capex Intensity | 57.20% | 21.93% | 20.73% | 15.46% | 10.88% | 3.63% | 8.33% | 2.40% | 3.03% | 7.67% | 14.22% | 7.00% | 29% | 75% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||||||||
| ▸Leverage · 2 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 11.8% vs reported ROE 11.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M | $9.6M | $18.3M | $18.7M | $21.4M | $32.5M | $421.9M | $993.0M | $619.2M | $289.4M | $283.5M | $322.7M |
| YoY % | +649.3% | +90.9% | +2.5% | +14.0% | +52.3% | +1196.9% | +135.4% | -37.6% | -53.3% | -2.0% | +13.8% | |
| Cost of Revenue | $936,000 | $5.1M | $6.7M | $8.6M | $10.7M | $14.1M | $89.8M | $215.5M | $252.1M | $184.8M | $176.3M | $191.8M |
| YoY % | +441.6% | +32.6% | +27.2% | +25.1% | +31.9% | +536.6% | +140.0% | +17.0% | -26.7% | -4.6% | +8.8% | |
| Gross Profit | $342,000 | $4.5M | $11.6M | $10.2M | $10.7M | $18.4M | $331.9M | $777.1M | $366.9M | $104.5M | $107.2M | $130.9M |
| YoY % | +1217.8% | +156.4% | -11.9% | +4.7% | +72.9% | +1701.8% | +134.1% | -52.8% | -71.5% | +2.6% | +22.1% | |
| R&D Expense | $521,000 | $4.4M | $3.6M | $4.2M | $5.5M | $6.5M | $11.6M | $24.2M | $28.9M | $41.4M | $48.8M | $53.9M |
| YoY % | +750.5% | -19.7% | +18.7% | +31.0% | +18.1% | +77.1% | +109.1% | +19.4% | +43.3% | +17.8% | +10.4% | |
| Selling & Marketing Expense | $581,000 | $2.7M | $2.5M | $4.2M | $4.7M | $5.9M | $15.0M | $24.4M | $38.9M | $41.5M | $36.2M | $43.4M |
| YoY % | +359.6% | -7.5% | +70.3% | +10.6% | +26.8% | +153.5% | +63.4% | +59.2% | +6.5% | -12.6% | +19.7% | |
| SG&A Expense | $230,000 | $2.4M | $4.6M | $5.2M | $5.5M | $6.4M | $15.2M | $50.7M | $111.1M | $89.0M | $88.1M | $116.7M |
| YoY % | +951.3% | +90.6% | +13.5% | +5.8% | +15.8% | +137.2% | +233.4% | +118.9% | -19.9% | -1.0% | +32.4% | |
| Total Operating Expenses | $1.3M | $9.5M | $10.6M | $13.7M | $15.7M | $18.8M | $41.7M | $101.1M | $188.4M | $300.0M | $181.1M | $222.0M |
| YoY % | +614.6% | +11.7% | +28.4% | +15.1% | +19.9% | +121.5% | +142.2% | +86.3% | +59.2% | -39.6% | +22.5% | |
| Operating Income | -$990,000 | -$5.0M | $918,000 | -$3.5M | -$5.1M | -$428,000 | $290.2M | $676.0M | $178.5M | -$195.5M | -$73.9M | -$91.1M |
| YoY % | +133.0% | -73.6% | ||||||||||
| Interest Expense | — | — | — | — | — | — | — | — | $1.0M | $488,000 | -$170,000 | $75,000 |
| YoY % | -51.8% | |||||||||||
| Interest & Investment Income | — | — | — | — | — | — | — | — | $5.6M | $21.6M | $31.3M | $30.9M |
| YoY % | +284.3% | +44.8% | -1.2% | |||||||||
| Other Non-Operating Income | — | — | — | — | — | — | — | — | $887,000 | $320,000 | $561,000 | $153,000 |
| YoY % | -63.9% | +75.3% | -72.7% | |||||||||
| Equity Method Income | — | — | $0 | -$524,000 | -$935,000 | -$777,000 | -$488,000 | — | — | — | — | — |
| Gains on Sale of Real Estate | — | — | — | — | — | — | -$672,000 | -$850,000 | -$502,000 | -$305,000 | -$320,000 | $3,000 |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | — | $10.1M | $9.9M |
| YoY % | -1.5% | |||||||||||
| Pretax Income | -$990,000 | -$5.0M | -$4.5M | — | — | $409,000 | $291.7M | $677.3M | $184.0M | -$174.1M | -$52.0M | -$70.0M |
| YoY % | +71216.4% | +132.2% | -72.8% | |||||||||
| Income Tax | $0 | $0 | $920,000 | -$1.0M | $36,000 | $43,000 | $72.5M | $174.8M | $42.1M | $1.2M | -$8.1M | -$8.4M |
| YoY % | +19.4% | +168579.1% | +141.0% | -75.9% | -97.3% | |||||||
| Income from Continuing Operations | -$990,000 | -$5.0M | -$5.4M | -$2.5M | — | — | — | — | — | — | — | — |
| Income from Discontinued Operations | -$3.3M | -$3.3M | $41,000 | — | — | — | — | — | — | — | — | — |
| Net Income (incl. NCI) | — | — | — | -$2.5M | -$5.6M | -$411,000 | $214.3M | $506.2M | $141.9M | -$175.2M | -$43.8M | -$61.6M |
| YoY % | +136.2% | -72.0% | ||||||||||
| Minority Interest (P&L) | — | — | — | — | — | — | — | -$1.1M | -$1.5M | -$7.4M | -$1.1M | -$1.1M |
| Net Income | -$4.3M | -$8.3M | -$5.3M | -$2.5M | -$5.6M | -$411,000 | $214.3M | $507.4M | $143.4M | -$167.8M | -$42.7M | -$60.5M |
| YoY % | +136.7% | -71.7% | ||||||||||
| Net Income to Common | — | — | -$13.7M | -$2.5M | — | — | — | $507.4M | $143.4M | -$167.8M | -$42.7M | -$60.5M |
| YoY % | -71.7% | |||||||||||
| Weighted Avg Shares (Basic) | — | — | — | 17.7M | 18.0M | 18.7M | 22.7M | 29.4M | 30.1M | 29.8M | 30.2M | 30.8M |
| YoY % | +1.3% | +4.1% | +21.3% | +29.6% | +2.3% | -1.0% | +1.5% | +1.8% | ||||
| Weighted Avg Shares (Diluted) | — | — | — | 17.7M | 18.0M | 18.7M | 24.1M | 31.0M | 31.0M | 29.8M | 30.2M | 30.8M |
| YoY % | +1.3% | +4.1% | +28.6% | +28.8% | -0.0% | -3.8% | +1.5% | +1.8% |
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.
