| Market Cap | $3.71B | |
| Enterprise Value | — | |
| Revenue | $821.6M | +14.1% |
| Gross Profit | $456.6M | +21.2% |
| EBITDA | $116.8M | +251.5% |
| Net Income | $73.9M | — |
| Diluted EPS | $0.80 | — |
| Free Cash Flow | $201.6M | +50.8% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | — | — | — | — | — | — | 48.45% | 50.90% | 54.06% | 83% | 56% | |
| Operating Margin | −24.10% | −22.82% | −23.78% | −13.87% | −13.21% | −21.16% | −24.79% | −15.64% | −18.52% | −13.78% | −6.07% | 5.02% | 96% | 62% | |
| EBITDA Margin | −18.94% | −16.53% | −15.66% | −6.17% | −6.24% | −12.14% | −11.92% | −4.64% | −7.62% | −2.30% | 3.81% | 11.74% | 96% | 64% | |
| NOPAT Margin | −19.04% | −18.03% | −18.78% | −10.96% | −10.44% | −16.71% | −19.58% | −12.35% | −14.63% | −10.88% | −4.79% | 4.77% | 96% | 61% | |
| Net Margin | −24.81% | −23.02% | −24.20% | −13.49% | −14.68% | −22.47% | −34.17% | −22.61% | −19.27% | −10.47% | −5.53% | 6.54% | 96% | 67% | |
| FCF Margin | −13.04% | −1.59% | −7.29% | −1.47% | −3.60% | −4.21% | −6.62% | 2.27% | 4.49% | 10.35% | 18.53% | 24.49% | 96% | 85% | |
| FCFF Margin | — | — | — | — | — | — | — | — | — | — | — | 25.08% | — | 50% | 73% |
| OCF Margin | −6.68% | 4.96% | 2.26% | 4.88% | 1.91% | 0.18% | −0.73% | 6.23% | 6.46% | 11.25% | 19.49% | 25.35% | 96% | 81% | |
| Gross Profitability | 24.18% | 24.33% | 36.22% | 44.40% | 25.71% | 15.16% | 12.32% | 16.25% | 18.99% | 25.19% | 27.38% | 33.67% | 79% | 63% | |
| Capex Intensity | 6.36% | 6.55% | 9.55% | 6.35% | 5.51% | 4.39% | 5.89% | 3.96% | 1.97% | 0.91% | 0.96% | 0.86% | 4% | 31% | |
| ▸Returns on Capital · 3 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 6 ratios | |||||||||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||||||||
| ▸Leverage · 7 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 7.8% vs reported ROE 8.8%. 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 | $79.1M | $108.9M | $150.2M | $194.0M | $241.1M | $315.5M | $402.8M | $498.7M | $565.7M | $624.6M | $696.5M | $794.8M |
| YoY % | +37.6% | +38.0% | +29.1% | +24.3% | +30.9% | +27.7% | +23.8% | +13.4% | +10.4% | +11.5% | +14.1% | |
| Cost of Revenue | — | — | — | — | — | — | — | — | — | $322.0M | $342.0M | $365.1M |
| YoY % | +6.2% | +6.8% | ||||||||||
| Gross Profit | $33.1M | $49.7M | $72.8M | $94.5M | $119.2M | $153.0M | $174.6M | $225.0M | $256.3M | $302.7M | $354.5M | $429.7M |
| YoY % | +50.4% | +46.4% | +29.8% | +26.2% | +28.3% | +14.1% | +28.9% | +13.9% | +18.1% | +17.1% | +21.2% | |
| R&D Expense | $12.1M | $21.5M | $32.5M | $40.3M | $51.3M | $76.3M | $97.4M | $117.0M | $130.1M | $137.3M | $143.2M | $154.3M |
| YoY % | +78.2% | +50.7% | +24.3% | +27.3% | +48.6% | +27.7% | +20.1% | +11.2% | +5.6% | +4.3% | +7.7% | |
| Selling & Marketing Expense | $23.1M | $27.0M | $36.3M | $41.2M | $48.1M | $63.9M | $72.3M | $85.6M | $108.2M | $109.5M | $106.0M | $105.9M |
| YoY % | +17.0% | +34.4% | +13.5% | +16.9% | +32.9% | +13.1% | +18.3% | +26.5% | +1.2% | -3.3% | -0.1% | |
| SG&A Expense | $17.0M | $23.0M | $32.0M | $37.2M | $45.0M | $56.7M | $70.9M | $77.9M | $90.2M | $110.2M | $122.9M | $125.5M |
| YoY % | +35.2% | +39.1% | +16.3% | +21.0% | +26.1% | +25.0% | +9.8% | +15.7% | +22.2% | +11.6% | +2.1% | |
| Total Operating Expenses | $52.1M | $74.6M | $108.5M | $121.4M | $151.1M | $219.7M | $274.4M | $303.0M | $361.1M | $388.7M | $396.7M | $389.8M |
| YoY % | +43.0% | +45.5% | +11.9% | +24.5% | +45.4% | +24.9% | +10.4% | +19.2% | +7.6% | +2.1% | -1.8% | |
| Operating Income | -$19.1M | -$24.8M | -$35.7M | -$26.9M | -$31.9M | -$66.7M | -$99.8M | -$78.0M | -$104.8M | -$86.1M | -$42.3M | $39.9M |
| Interest Expense | — | — | — | — | — | — | — | — | — | $4.6M | $4.7M | $4.9M |
| YoY % | +2.2% | +3.9% | ||||||||||
| Other Non-Operating Income | -$492,000 | -$3,000 | -$209,000 | $429,000 | -$7.3M | -$16.6M | -$36.4M | -$33.1M | -$1.3M | $24.2M | $11.4M | $14.8M |
| YoY % | -52.9% | +30.0% | ||||||||||
| Pretax Income | -$19.6M | -$24.8M | -$35.9M | -$26.5M | -$39.2M | -$83.4M | -$136.2M | -$111.1M | -$106.1M | -$61.8M | -$30.9M | $54.7M |
| Income Tax | $71,000 | $220,000 | $427,000 | -$314,000 | -$3.8M | -$12.5M | $1.4M | $1.6M | $2.9M | $3.6M | $7.7M | $2.7M |
| YoY % | +209.9% | +94.1% | +16.0% | +77.0% | +22.5% | +115.5% | -64.6% | |||||
| Income from Continuing Operations | -$19.6M | -$25.1M | — | — | — | — | — | — | — | — | — | — |
| Net Income | -$19.6M | -$25.1M | -$36.4M | -$26.2M | -$35.4M | -$70.9M | -$137.6M | -$112.7M | -$109.0M | -$65.4M | -$38.5M | $52.0M |
| EPS (Basic) | — | — | — | — | — | -$1.53 | -$2.65 | -$2.00 | -$1.90 | -$1.12 | -$0.64 | $0.84 |
| EPS (Diluted) | — | — | — | — | — | -$1.53 | -$2.65 | -$2.00 | -$1.90 | -$1.12 | -$0.64 | $0.80 |
| Weighted Avg Shares (Basic) | — | — | — | — | — | 46.2M | 52.0M | 56.4M | 57.3M | 58.4M | 60.1M | 62.2M |
| YoY % | +12.6% | +8.4% | +1.6% | +1.8% | +3.0% | +3.4% | ||||||
| Weighted Avg Shares (Diluted) | — | — | — | — | — | 46.2M | 52.0M | 56.4M | 57.3M | 58.4M | 60.1M | 65.1M |
| YoY % | +12.6% | +8.4% | +1.6% | +1.8% | +3.0% | +8.3% |
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.
