| Market Cap | $1.33B | |
| Enterprise Value | $690.9M | |
| Revenue | $66.4M | +26.9% |
| Gross Profit | $4.8M | −72.6% |
| EBITDA | -$501.2M | — |
| Net Income | -$559.8M | — |
| Diluted EPS | -$1.44 | — |
| Free Cash Flow | -$325.8M | — |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||
| Gross Margin | — | 100.00% | 100.00% | −21.16% | 4.46% | 23.12% | 4.99% | 42% | 5% | |
| Operating Margin | −2692.58% | −2135.66% | −1795.79% | −616.74% | −785.33% | −814.09% | −867.87% | 50% | 20% | |
| EBITDA Margin | −2585.25% | −2036.14% | −1713.20% | −587.23% | −730.58% | −752.07% | −755.79% | 50% | 20% | |
| NOPAT Margin | — | — | −1418.67% | −487.22% | −620.41% | −643.13% | −685.62% | 30% | 15% | |
| Net Margin | −2668.35% | −2196.01% | −1832.18% | −601.05% | −735.99% | −788.02% | −863.35% | 50% | 18% | |
| FCF Margin | −2628.37% | −1293.03% | −1949.42% | −302.65% | −672.43% | −633.71% | −506.52% | 79% | 20% | |
| FCFE Margin | −3110.61% | −1294.98% | −2075.16% | −302.87% | −674.15% | — | — | — | — | |
| OCF Margin | −2459.77% | −1145.86% | −1558.40% | −209.63% | −645.61% | −610.44% | −497.86% | 79% | 22% | |
| Gross Profitability | — | 1.33% | 1.67% | −1.20% | 0.30% | 0.94% | 0.25% | 25% | 6% | |
| Capex Intensity | 168.61% | 147.17% | 391.02% | 93.01% | 26.82% | 23.28% | 8.66% | 7% | 79% | |
| ▸Returns on Capital · 6 ratios | ||||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||||||
| ▸Earnings quality · 2 ratios | ||||||||||
| ▸Liquidity & coverage · 7 ratios | ||||||||||
| ▸Leverage · 8 ratios | ||||||||||
| ▸Working capital · 5 ratios | ||||||||||
| ▸Per share · 6 ratios | ||||||||||
| ▸Other · 1 ratios | ||||||||||
| Line | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | $4.0M | $10.2M | $39.8M | $44.6M | $58.8M | $74.7M |
| YoY % | +70.8% | +156.9% | +291.5% | +11.9% | +32.0% | +26.9% | |
| Cost of Revenue | — | $0 | $0 | $48.3M | $42.6M | $45.2M | $71.0M |
| YoY % | -11.8% | +6.2% | +56.8% | ||||
| R&D Expense | $45.8M | $63.3M | $135.3M | $155.7M | $241.2M | $314.4M | $475.3M |
| YoY % | +38.2% | +113.6% | +15.1% | +54.9% | +30.3% | +51.2% | |
| SG&A Expense | $19.0M | $25.3M | $57.7M | $81.6M | $110.8M | $178.2M | $176.6M |
| YoY % | +33.3% | +128.4% | +41.5% | +35.8% | +60.8% | -0.9% | |
| Total Operating Expenses | — | $88.6M | $193.0M | $285.6M | $394.6M | $537.8M | $722.8M |
| YoY % | +117.8% | +48.0% | +38.2% | +36.3% | +34.4% | ||
| Operating Income | -$62.4M | -$84.6M | -$182.8M | -$245.7M | -$350.1M | -$479.0M | -$648.1M |
| Interest Expense | — | — | — | $55,000 | $97,000 | $1.6M | $1.8M |
| YoY % | +76.4% | +1520.6% | +15.1% | ||||
| Other Non-Operating Income | $562,000 | -$2.4M | -$3.7M | $6.3M | $17.9M | $14.2M | $3.2M |
| YoY % | +186.9% | -20.7% | -77.2% | ||||
| Impairment of Real Estate | — | $874,000 | $0 | $2.8M | $1.2M | $108,000 | $6.0M |
| YoY % | -100.0% | -57.7% | -90.9% | +5414.8% | |||
| Pretax Income | — | — | -$186.5M | -$239.5M | -$332.1M | -$464.8M | -$644.9M |
| Income Tax | $0 | $0 | $0 | $0 | -$4.1M | -$1.1M | -$136,000 |
| Net Income | -$61.9M | -$87.0M | -$186.5M | -$239.5M | -$328.1M | -$463.7M | -$644.8M |
| EPS (Basic) | -$2.87 | -$3.99 | -$1.49 | -$1.36 | -$1.58 | -$1.69 | -$1.44 |
| EPS (Diluted) | -$2.87 | -$3.99 | -$1.49 | -$1.36 | -$1.58 | -$1.69 | -$1.44 |
| Weighted Avg Shares (Basic) | 21.6M | 21.8M | 125.3M | 175.5M | 207.9M | 274.2M | 447.4M |
| YoY % | +1.0% | +475.5% | +40.0% | +18.4% | +31.9% | +63.2% | |
| Weighted Avg Shares (Diluted) | 21.6M | 21.8M | 125.3M | 175.5M | 207.9M | 274.2M | 447.4M |
| YoY % | +1.0% | +475.5% | +40.0% | +18.4% | +31.9% | +63.2% |
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.
