| Market Cap | $26.17B | |
| Enterprise Value | $26.03B | |
| Revenue | $6.19B | +19.7% |
| Gross Profit | $5.20B | +21.5% |
| EBITDA | -$104.4M | — |
| Net Income | -$216.8M | — |
| Diluted EPS | -$0.98 | — |
| Free Cash Flow | $1.20B | +0.0% |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | — | — | 82.07% | 81.57% | 82.84% | 83% | 92% | |
| Operating Margin | 6.77% | 2.50% | −9.77% | −2.69% | −2.50% | 50% | 44% | |
| EBITDA Margin | 9.45% | 4.35% | −8.04% | −0.88% | −0.73% | 50% | 40% | |
| NOPAT Margin | 5.35% | 1.98% | −7.72% | −2.12% | −1.98% | 50% | 39% | |
| Net Margin | −27.71% | −18.53% | −13.77% | −6.89% | −4.92% | 90% | 40% | |
| FCF Margin | 36.30% | 26.77% | 23.83% | 32.47% | 27.14% | 50% | 88% | |
| FCFE Margin | — | — | 23.83% | 9.52% | 27.14% | 83% | 83% | |
| OCF Margin | 37.81% | 29.29% | 24.56% | 33.23% | 28.00% | 30% | 84% | |
| Gross Profitability | — | 70.64% | 70.64% | 68.21% | 71.51% | 88% | 92% | |
| Capex Intensity | 1.51% | 2.52% | 0.73% | 0.76% | 0.86% | 50% | 31% | |
| ▸Returns on Capital · 4 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | ||||||||
| ▸Earnings quality · 3 ratios | ||||||||
| ▸Liquidity & coverage · 8 ratios | ||||||||
| ▸Leverage · 7 ratios | ||||||||
| ▸Working capital · 5 ratios | ||||||||
| ▸Capital allocation · 2 ratios | ||||||||
| ▸Per share · 3 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
| Line | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|
| Revenue | $2.09B | $2.80B | $3.53B | $4.36B | $5.22B |
| YoY % | +34.2% | +26.1% | +23.3% | +19.7% | |
| Cost of Revenue | — | — | $633.8M | $803.5M | $894.9M |
| YoY % | +26.8% | +11.4% | |||
| Gross Profit | $1.76B | $2.35B | $2.90B | $3.56B | $4.32B |
| YoY % | +33.7% | +23.4% | +22.6% | +21.5% | |
| R&D Expense | $933.0M | $1.29B | $1.87B | $2.18B | $2.67B |
| YoY % | +38.5% | +44.7% | +16.8% | +22.2% | |
| Selling & Marketing Expense | $371.6M | $535.8M | $769.9M | $877.5M | $1.13B |
| YoY % | +44.2% | +43.7% | +14.0% | +29.3% | |
| SG&A Expense | $311.2M | $452.2M | $606.4M | $610.6M | $647.0M |
| YoY % | +45.3% | +34.1% | +0.7% | +6.0% | |
| Total Operating Expenses | $1.62B | $2.28B | $3.25B | $3.67B | $4.45B |
| YoY % | +41.1% | +42.4% | +13.1% | +21.2% | |
| Operating Income | $141.4M | $70.1M | -$345.2M | -$117.1M | -$130.4M |
| YoY % | -50.4% | ||||
| Interest Expense | — | $41.5M | $30.1M | $34.1M | $30.6M |
| YoY % | -27.3% | +13.0% | -10.4% | ||
| Interest & Investment Income | $7.2M | $2.3M | $49.7M | $96.7M | $112.3M |
| YoY % | -68.1% | +2077.4% | +94.4% | +16.2% | |
| Other Non-Operating Income | -$570.4M | -$501.8M | $14.5M | -$30.9M | -$50.3M |
| Impairment of Real Estate | $7.5M | $0 | $61.1M | $0 | $0 |
| YoY % | -100.0% | -100.0% | |||
| Pretax Income | -$514.4M | -$470.9M | -$311.1M | -$85.4M | -$98.9M |
| Income Tax | $64.6M | $48.6M | $175.6M | $215.1M | $157.8M |
| YoY % | -24.8% | +261.6% | +22.5% | -26.6% | |
| Net Income | -$579.0M | -$519.5M | -$486.8M | -$300.5M | -$256.7M |
| EPS (Basic) | -$2.32 | -$2.05 | -$1.90 | -$1.16 | -$0.98 |
| EPS (Diluted) | -$2.32 | -$2.05 | -$1.90 | -$1.16 | -$0.98 |
| Weighted Avg Shares (Basic) | 249.7M | 253.3M | 256.3M | 259.1M | 261.8M |
| YoY % | +1.5% | +1.2% | +1.1% | +1.0% | |
| Weighted Avg Shares (Diluted) | 249.7M | 253.3M | 256.3M | 259.1M | 261.8M |
| YoY % | +1.5% | +1.2% | +1.1% | +1.0% |
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.
