| Market Cap | $6.86B | |
| Enterprise Value | — | |
| Revenue | $1.67B | +12.7% |
| Gross Profit | $1.39B | +13.3% |
| EBITDA | $122.4M | — |
| Net Income | $327.4M | — |
| Diluted EPS | $0.52 | — |
| Free Cash Flow | $375.2M | +15.2% |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend · 7y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||
| Gross Margin | 82.33% | 89.16% | 81.07% | 82.99% | 85.02% | 82.73% | 83.17% | 64% | 93% | |
| Operating Margin | −153.88% | −18.16% | −56.14% | −32.90% | −12.59% | −11.37% | 3.52% | 93% | 58% | |
| EBITDA Margin | −151.30% | −16.13% | −54.50% | −31.13% | −10.87% | −10.17% | 4.58% | 93% | 49% | |
| NOPAT Margin | −121.57% | −14.34% | −44.35% | −25.99% | −9.95% | −8.98% | 3.52% | 93% | 58% | |
| Net Margin | −154.67% | −15.21% | −58.91% | −31.02% | −6.87% | −5.15% | 17.53% | 93% | 84% | |
| FCF Margin | −111.61% | 4.48% | −7.16% | −3.19% | 22.30% | 21.38% | 21.87% | 79% | 80% | |
| OCF Margin | −106.93% | 4.80% | −6.16% | −0.94% | 22.86% | 22.42% | 23.05% | 93% | 77% | |
| Gross Profitability | — | 62.53% | 28.12% | 32.12% | 37.64% | 41.28% | 42.14% | 75% | 74% | |
| Capex Intensity | 4.68% | 0.32% | 1.00% | 2.25% | 0.56% | 1.04% | 1.18% | 64% | 38% | |
| ▸Returns on Capital · 3 ratios | ||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||
| ▸Earnings quality · 6 ratios | ||||||||||
| ▸Liquidity & coverage · 2 ratios | ||||||||||
| ▸Leverage · 2 ratios | ||||||||||
| ▸Working capital · 5 ratios | ||||||||||
| ▸Capital allocation · 2 ratios | ||||||||||
| ▸Per share · 3 ratios | ||||||||||
| ▸Other · 1 ratios | ||||||||||
The five drivers multiply to 14.3% vs reported ROE 14.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ | 2026↗ |
|---|---|---|---|---|---|---|---|
| Revenue | $336.2M | $607.6M | $892.3M | $1.06B | $1.31B | $1.43B | $1.61B |
| YoY % | +80.8% | +46.8% | +18.6% | +23.6% | +9.3% | +12.7% | |
| Cost of Revenue | $59.4M | $65.9M | $168.9M | $180.1M | $195.9M | $246.9M | $271.0M |
| YoY % | +10.9% | +156.4% | +6.6% | +8.8% | +26.0% | +9.7% | |
| Gross Profit | $276.8M | $541.8M | $723.4M | $878.5M | $1.11B | $1.18B | $1.34B |
| YoY % | +95.8% | +33.5% | +21.4% | +26.6% | +6.3% | +13.3% | |
| R&D Expense | $131.1M | $109.9M | $276.7M | $285.8M | $332.1M | $380.7M | $385.2M |
| YoY % | -16.1% | +151.7% | +3.3% | +16.2% | +14.6% | +1.2% | |
| Selling & Marketing Expense | $483.3M | $380.2M | $697.7M | $701.6M | $713.1M | $738.5M | $683.3M |
| YoY % | -21.3% | +83.5% | +0.6% | +1.6% | +3.6% | -7.5% | |
| SG&A Expense | $179.6M | $162.0M | $250.0M | $239.5M | $231.6M | $226.1M | $214.3M |
| YoY % | -9.8% | +54.3% | -4.2% | -3.3% | -2.4% | -5.2% | |
| Total Operating Expenses | $794.0M | $652.1M | $1.22B | $1.23B | $1.28B | $1.35B | $1.28B |
| YoY % | -17.9% | +87.7% | +0.2% | +4.1% | +5.4% | -4.6% | |
| Operating Income | -$517.3M | -$110.3M | -$500.9M | -$348.3M | -$164.7M | -$162.6M | $56.8M |
| Interest & Investment Income | $6.7M | $1.2M | $3.6M | $28.0M | $57.1M | $49.4M | $48.0M |
| YoY % | -82.9% | +208.2% | +687.2% | +104.4% | -13.5% | -2.8% | |
| Other Non-Operating Income | -$6.6M | $14.5M | -$13.5M | $2.8M | $31.8M | $35.0M | -$4.2M |
| YoY % | +1048.4% | +10.3% | |||||
| Impairment of Real Estate | $1.0M | $0 | $0 | $2.9M | $0 | $0 | — |
| YoY % | -100.0% | -100.0% | |||||
| Pretax Income | -$517.1M | -$94.7M | -$510.9M | -$317.6M | -$75.8M | -$78.1M | $100.6M |
| Income Tax | $2.8M | -$2.3M | $14.7M | $10.8M | $14.1M | -$4.4M | -$181.7M |
| YoY % | -26.6% | +30.4% | |||||
| Net Income | -$519.9M | -$92.4M | -$525.6M | -$328.4M | -$89.9M | -$73.7M | $282.3M |
| EPS (Basic) | -$3.41 | -$0.55 | -$1.16 | -$0.60 | -$0.16 | -$0.13 | $0.52 |
| EPS (Diluted) | -$3.41 | -$0.55 | -$1.16 | -$0.60 | -$0.16 | -$0.13 | $0.52 |
| Weighted Avg Shares (Basic) | 152.4M | 168.3M | 454.6M | 548.0M | 563.9M | 559.9M | 538.1M |
| YoY % | +10.4% | +170.2% | +20.5% | +2.9% | -0.7% | -3.9% | |
| Weighted Avg Shares (Diluted) | 152.4M | 168.3M | 454.6M | 548.0M | 563.9M | 559.9M | 544.9M |
| YoY % | +10.4% | +170.2% | +20.5% | +2.9% | -0.7% | -2.7% |
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.
