| Market Cap | $92.9M | |
| Enterprise Value | $8.29B | |
| Revenue | $1.50B | −36.2% |
| Gross Profit | $585.4M | −54.7% |
| EBITDA | -$878.1M | −227.7% |
| Net Income | -$1.84B | — |
| Diluted EPS | -$6.63 | — |
| Free Cash Flow | -$1.23B | — |
| DPS (FY2025) | $0.01derived |
| Trailing yield | 3.83% |
| Payout ratio | — |
| Growth streak | 0 yrs |
| 5y DPS growth | −59.0% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.01 | −95.8% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.30 | −91.5% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $3.51 | +642.8% | derived (paid ÷ diluted shares) |
| FY2022 |
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 9y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||
| Gross Margin | 19.09% | 14.75% | 3.05% | 38.28% | 53.43% | 57.33% | 63.22% | 54.85% | 38.92% | 50% | 51% | |
| Operating Margin | −25.69% | −52.08% | −99.02% | −34.40% | 18.06% | 31.14% | 39.14% | 22.40% | −74.49% | 17% | 5% | |
| EBITDA Margin | −22.39% | −48.49% | −94.45% | −27.02% | 25.58% | 37.20% | 45.89% | 29.16% | −58.38% | 17% | 5% | |
| NOPAT Margin | −20.30% | −41.14% | −78.23% | −27.17% | 15.92% | 31.14% | 32.95% | 17.70% | −58.85% | 17% | 5% | |
| Net Margin | −32.56% | −69.52% | −17.88% | −40.33% | 7.34% | 8.21% | 22.92% | −10.65% | −122.58% | 6% | 4% | |
| FCF Margin | −85.97% | −244.32% | −323.23% | −62.56% | −44.19% | −34.58% | −87.89% | −64.79% | −82.06% | 50% | 7% | |
| FCFF Margin | — | — | — | — | — | −24.58% | −77.89% | — | — | — | — | |
| OCF Margin | −56.44% | −83.02% | −123.87% | −27.80% | 6.41% | 14.99% | 34.24% | 25.53% | −38.79% | 39% | 5% | |
| Gross Profitability | — | 2.37% | 0.51% | 9.06% | 10.28% | 17.62% | 14.38% | 10.01% | 5.55% | 31% | 19% | |
| Capex Intensity | 29.54% | 161.31% | 199.37% | 34.76% | 50.60% | 49.57% | 122.14% | 90.32% | 43.27% | 28% | 73% | |
| ▸Returns on Capital · 6 ratios | ||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||||
| ▸Liquidity & coverage · 8 ratios | ||||||||||||
| ▸Leverage · 9 ratios | ||||||||||||
| ▸Working capital · 8 ratios | ||||||||||||
| ▸Capital allocation · 3 ratios | ||||||||||||
| ▸Per share · 6 ratios | ||||||||||||
| ▸Other · 1 ratios | ||||||||||||
The five drivers multiply to 38.6% vs reported ROE 37.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.3M | $112.3M | $189.1M | $451.6M | $1.32B | $2.37B | $2.39B | $2.36B | $1.50B |
| YoY % | +15.5% | +68.4% | +138.8% | +192.9% | +79.0% | +0.9% | -1.3% | -36.2% | |
| Cost of Revenue | $78.7M | $95.7M | $183.4M | $278.8M | $616.0M | $1.01B | $879.2M | $1.07B | $918.6M |
| YoY % | +21.7% | +91.5% | +52.0% | +121.0% | +64.0% | -13.0% | +21.2% | -13.8% | |
| SG&A Expense | $33.3M | $62.1M | $152.9M | $120.1M | $199.9M | $236.1M | $203.4M | $293.4M | $307.4M |
| YoY % | +86.4% | +146.1% | -21.4% | +66.4% | +18.1% | -13.8% | +44.2% | +4.8% | |
| Total Operating Expenses | $122.3M | $170.8M | $376.4M | $607.0M | $1.08B | $1.63B | $1.45B | $1.83B | $2.62B |
| YoY % | +39.7% | +120.4% | +61.3% | +78.6% | +50.5% | -10.8% | +25.8% | +43.4% | |
| Operating Income | -$25.0M | -$58.5M | -$187.3M | -$155.4M | $238.9M | $737.4M | $935.7M | $528.5M | -$1.12B |
| YoY % | +208.7% | +26.9% | -43.5% | ||||||
| Interest Expense | — | — | — | — | — | $236.9M | $284.0M | $316.3M | $777.8M |
| YoY % | +19.9% | +11.4% | +145.9% | ||||||
| Other Non-Operating Income | $301,000 | $784,000 | $2.8M | -$5.0M | $17.1M | $48.0M | -$10.4M | -$116.3M | $147.6M |
| YoY % | +160.5% | +258.0% | +180.1% | ||||||
| Equity Method Income | — | — | $0 | $0 | $14.4M | -$472.2M | $10.0M | $0 | $0 |
| YoY % | -100.0% | ||||||||
| Impairment of Real Estate | — | — | — | $0 | $0 | $50.7M | $11.0M | $16.5M | — |
| YoY % | -78.4% | +50.5% | |||||||
| Pretax Income | -$31.1M | -$78.5M | -$203.9M | -$259.1M | $105.2M | $61.3M | $651.2M | -$174.2M | -$1.77B |
| YoY % | -41.7% | +961.5% | |||||||
| Income Tax | $526,000 | -$338,000 | $439,000 | $4.8M | $12.5M | -$123.4M | $103.0M | $70.3M | $61.4M |
| YoY % | +997.3% | +158.7% | -31.7% | -12.7% | |||||
| Net Income (incl. NCI) | -$31.7M | -$78.2M | -$204.3M | -$264.0M | $92.7M | $184.8M | $548.2M | -$244.5M | -$1.83B |
| YoY % | +99.3% | +196.7% | |||||||
| Minority Interest (P&L) | $0 | -$106,000 | -$170.5M | -$81.8M | -$4.4M | -$9.7M | $994,000 | $6.7M | $11.7M |
| YoY % | +569.2% | +75.2% | |||||||
| Net Income | -$31.7M | -$78.1M | -$33.8M | -$182.1M | $97.1M | $194.5M | $547.9M | — | — |
| YoY % | +100.3% | +181.7% | |||||||
| Net Income to Common | — | — | -$33.8M | -$182.1M | $97.1M | $194.5M | $547.2M | -$272.3M | -$1.84B |
| YoY % | +100.3% | +181.4% | |||||||
| EPS (Basic) | — | — | -$1.62 | -$1.71 | $0.49 | $0.93 | $2.66 | -$1.25 | -$6.63 |
| YoY % | +89.8% | +186.0% | |||||||
| EPS (Diluted) | — | — | -$1.62 | -$1.71 | $0.47 | $0.93 | $2.65 | -$1.26 | -$6.63 |
| YoY % | +97.9% | +184.9% | |||||||
| Weighted Avg Shares (Basic) | — | — | 20.9M | 106.7M | 198.6M | 209.5M | 205.9M | 217.6M | 278.5M |
| YoY % | +411.2% | +86.2% | +5.5% | -1.7% | +5.6% | +28.0% | |||
| Weighted Avg Shares (Diluted) | — | — | 20.9M | 106.7M | 201.7M | 209.9M | 206.5M | 218.6M | 278.5M |
| YoY % | +411.2% | +89.1% | +4.0% | -1.6% | +5.9% | +27.4% |
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.
| $0.47 |
| +7.3% |
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.44 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2024-09-13 | $0.1000 | — | quarterly | licensed |
| 2024-06-14 | $0.1000 | — | quarterly | licensed |
| 2024-03-14 | $0.1000 | — | quarterly | licensed |
| 2023-12-12 | $0.1000 | — | quarterly | licensed |
| 2023-09-12 | $0.1000 | — | quarterly | licensed |
| 2023-06-14 | $0.1000 | — | quarterly | licensed |
| 2023-03-16 | $0.1000 | — | quarterly | licensed |
| 2023-02-06 | $0.5469 | — | quarterly | licensed |
