| Market Cap | $5.50B | |
| Enterprise Value | — | |
| Revenue | $1.31B | +31.6% |
| Gross Profit | $978.3M | +28.7% |
| EBITDA | -$22.1M | — |
| Net Income | -$8.6M | — |
| Diluted EPS | -$0.11 | — |
| Free Cash Flow | $219.5M | +30.3% |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 70.86% | 72.92% | 74.52% | 76.39% | 74.67% | 70% | 81% | |
| Operating Margin | −27.26% | −11.64% | −47.36% | −8.97% | −5.49% | 90% | 41% | |
| EBITDA Margin | −25.45% | −9.73% | −45.40% | −7.08% | −3.98% | 90% | 37% | |
| NOPAT Margin | −21.54% | −9.20% | −37.41% | −7.09% | −4.34% | 90% | 36% | |
| Net Margin | −27.32% | −10.41% | −44.15% | −4.92% | −2.57% | 90% | 45% | |
| FCF Margin | −12.30% | −8.33% | 16.58% | 17.07% | 16.90% | 70% | 71% | |
| OCF Margin | −7.82% | −4.98% | 17.10% | 17.70% | 17.67% | 70% | 68% | |
| Gross Profitability | — | 54.80% | 47.77% | 56.24% | 58.30% | 88% | 88% | |
| Capex Intensity | 4.48% | 3.35% | 0.52% | 0.63% | 0.77% | 50% | 30% | |
| ▸Returns on Capital · 3 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||||
| ▸Earnings quality · 1 ratios | ||||||||
| ▸Liquidity & coverage · 5 ratios | ||||||||
| ▸Leverage · 2 ratios | ||||||||
| ▸Working capital · 5 ratios | ||||||||
| ▸Capital allocation · 2 ratios | ||||||||
| ▸Per share · 3 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
| Line | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|
| Revenue | $290.6M | $472.7M | $698.1M | $937.5M | $1.23B |
| YoY % | +62.7% | +47.7% | +34.3% | +31.6% | |
| Cost of Revenue | $84.7M | $128.0M | $177.9M | $221.3M | $312.5M |
| YoY % | +51.2% | +38.9% | +24.4% | +41.2% | |
| Gross Profit | $205.9M | $344.7M | $520.2M | $716.2M | $921.5M |
| YoY % | +67.4% | +50.9% | +37.7% | +28.7% | |
| R&D Expense | $65.6M | $104.1M | $262.2M | $238.5M | $291.2M |
| YoY % | +58.7% | +151.9% | -9.0% | +22.1% | |
| Selling & Marketing Expense | $156.3M | $213.8M | $394.4M | $404.2M | $506.2M |
| YoY % | +36.8% | +84.4% | +2.5% | +25.2% | |
| SG&A Expense | $63.2M | $81.8M | $194.3M | $157.6M | $191.8M |
| YoY % | +29.4% | +137.4% | -18.9% | +21.7% | |
| Total Operating Expenses | $285.2M | $399.8M | $850.8M | $800.2M | $989.3M |
| YoY % | +40.2% | +112.8% | -5.9% | +23.6% | |
| Operating Income | -$79.2M | -$55.0M | -$330.6M | -$84.1M | -$67.8M |
| Interest Expense | $8,000 | $0 | $0 | — | — |
| YoY % | -100.0% | ||||
| Interest & Investment Income | $139,000 | $5.5M | $24.1M | $39.6M | $39.4M |
| YoY % | +3884.2% | +334.3% | +64.6% | -0.5% | |
| Other Non-Operating Income | $28,000 | $388,000 | -$470,000 | $816,000 | -$2.2M |
| YoY % | +1285.7% | ||||
| Impairment of Real Estate | $0 | $0 | $0 | $0 | $0 |
| Pretax Income | -$79.1M | -$49.1M | -$307.0M | -$43.7M | -$30.5M |
| Income Tax | $319,000 | $83,000 | $1.2M | $2.5M | $1.3M |
| YoY % | -74.0% | +1336.1% | +106.5% | -49.2% | |
| Net Income | -$79.4M | -$49.2M | -$308.2M | -$46.1M | -$31.8M |
| EPS (Basic) | -$0.36 | -$0.21 | -$1.27 | -$0.17 | -$0.11 |
| EPS (Diluted) | -$0.36 | -$0.21 | -$1.27 | -$0.17 | -$0.11 |
| Weighted Avg Shares (Basic) | 220.9M | 229.9M | 242.9M | 266.3M | 290.9M |
| YoY % | +4.1% | +5.7% | +9.7% | +9.2% | |
| Weighted Avg Shares (Diluted) | 220.9M | 229.9M | 242.9M | 266.3M | 290.9M |
| YoY % | +4.1% | +5.7% | +9.7% | +9.2% |
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.
