| Market Cap | $7.24B | |
| Enterprise Value | $6.82B | |
| Revenue | $1.01B | +24.5% |
| Gross Profit | $719.1M | +34.5% |
| EBITDA | -$62.6M | — |
| Net Income | -$136.3M | — |
| Diluted EPS | -$1.73 | — |
| Free Cash Flow | $119.1M | +217.0% |
| Ratio | 2023 | 2024 | 2025 | 2026 | Trend · 4y | vs own | vs sector |
|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||
| Gross Margin | 56.88% | 61.31% | 64.90% | 70.11% | 88% | 74% | |
| Operating Margin | −47.43% | −29.77% | −29.79% | −17.61% | 88% | 29% | |
| EBITDA Margin | −35.11% | −16.58% | −19.40% | −8.95% | 88% | 29% | |
| NOPAT Margin | −37.47% | −23.52% | −23.54% | −13.91% | 88% | 25% | |
| Net Margin | −57.62% | −31.76% | −30.98% | −16.63% | 88% | 29% | |
| FCF Margin | −41.63% | −11.08% | 4.31% | 10.97% | 88% | 57% | |
| OCF Margin | −25.82% | −6.46% | 4.80% | 11.46% | 88% | 54% | |
| Gross Profitability | — | 24.82% | 28.32% | 38.61% | 83% | 70% | |
| Capex Intensity | 15.81% | 4.62% | 0.49% | 0.49% | 13% | 20% | |
| ▸Returns on Capital · 6 ratios | |||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||
| ▸Earnings quality · 2 ratios | |||||||
| ▸Liquidity & coverage · 8 ratios | |||||||
| ▸Leverage · 8 ratios | |||||||
| ▸Working capital · 3 ratios | |||||||
| ▸Capital allocation · 1 ratios | |||||||
| ▸Per share · 3 ratios | |||||||
| Line | 2023↗ | 2024↗ | 2025↗ | 2026↗ |
|---|---|---|---|---|
| Revenue | $467.7M | $614.3M | $771.9M | $961.0M |
| YoY % | +31.3% | +25.6% | +24.5% | |
| Cost of Revenue | $201.7M | $237.7M | $271.0M | $287.2M |
| YoY % | +17.8% | +14.0% | +6.0% | |
| Gross Profit | $266.0M | $376.6M | $500.9M | $673.7M |
| YoY % | +41.6% | +33.0% | +34.5% | |
| R&D Expense | $158.9M | $203.5M | $263.1M | $302.6M |
| YoY % | +28.1% | +29.2% | +15.0% | |
| Selling & Marketing Expense | $196.8M | $220.0M | $253.3M | $290.9M |
| YoY % | +11.8% | +15.2% | +14.8% | |
| SG&A Expense | $132.2M | $136.0M | $214.5M | $249.5M |
| YoY % | +2.8% | +57.7% | +16.3% | |
| Total Operating Expenses | $487.9M | $559.5M | $730.9M | $842.9M |
| YoY % | +14.7% | +30.6% | +15.3% | |
| Operating Income | -$221.9M | -$182.9M | -$230.0M | -$169.2M |
| Interest Expense | $54.5M | $16.4M | $15.5M | $7.2M |
| YoY % | -69.9% | -5.6% | -53.4% | |
| Interest & Investment Income | $1.6M | $7.1M | $8.8M | $19.3M |
| YoY % | +335.2% | +24.0% | +120.0% | |
| Other Non-Operating Income | $1.8M | $1.2M | -$72,000 | $1.5M |
| YoY % | -32.0% | |||
| Impairment of Real Estate | $277,000 | $5.4M | $39.4M | $11.0M |
| YoY % | +1857.8% | +625.8% | -72.1% | |
| Pretax Income | -$282.6M | -$191.0M | -$236.8M | -$157.1M |
| Income Tax | -$13.1M | $4.1M | $2.3M | $2.7M |
| YoY % | -44.0% | +18.2% | ||
| Net Income (incl. NCI) | -$269.5M | -$195.1M | -$239.1M | -$159.9M |
| Net Income | -$269.5M | -$195.1M | -$239.1M | -$159.9M |
| Net Income to Common | -$283.0M | -$241.0M | -$359.7M | -$159.9M |
| EPS (Basic) | -$9.31 | -$7.24 | -$8.53 | -$1.73 |
| EPS (Diluted) | -$9.31 | -$7.24 | -$8.53 | -$1.73 |
| Weighted Avg Shares (Basic) | 30.4M | 33.3M | 42.1M | 92.4M |
| YoY % | +9.4% | +26.7% | +119.2% | |
| Weighted Avg Shares (Diluted) | 30.4M | 33.3M | 42.1M | 92.4M |
| YoY % | +9.4% | +26.7% | +119.2% |
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.
