| Market Cap | $1.64B | |
| Enterprise Value | $1.41B | |
| Revenue | $460.4M | +42.5% |
| Gross Profit | $217.5M | +29.8% |
| EBITDA | $15.1M | — |
| Net Income | $1.05B | +86177.0% |
| Diluted EPS | $3.31 | +87071.1% |
| Free Cash Flow | $27.1M | +18.2% |
| DPS (FY2025) | $0.00 |
| Trailing yield | 0.00% |
| Payout ratio | — |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.00 | — | reported |
| FY20242024-12-31 | $0.00 | — | reported |
| FY20232023-12-31 | $0.00 | — | reported |
| FY20222022-12-31 | $0.00 | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 50.29% | 50.33% | 41.42% | 44.83% | 51.86% | 47.25% | 42% | 47% | |
| Operating Margin | −10.08% | −1.81% | 2.95% | −0.44% | −4.86% | 1.44% | 75% | 52% | |
| EBITDA Margin | −4.45% | 1.31% | 4.05% | 1.08% | −2.85% | 3.28% | 75% | 46% | |
| NOPAT Margin | −7.97% | −1.81% | 2.48% | −0.34% | −3.84% | 1.44% | 75% | 51% | |
| Net Margin | −7.43% | 0.50% | 6.28% | 3.91% | 0.38% | 227.67% | 92% | 100% | |
| FCF Margin | −14.74% | 2.63% | 10.58% | 5.97% | 7.10% | 5.89% | 42% | 44% | |
| FCFF Margin | — | — | — | — | — | 6.26% | — | 50% | 14% |
| OCF Margin | −7.46% | 8.16% | 14.97% | 7.07% | 9.59% | 7.05% | 25% | 43% | |
| Gross Profitability | 22.55% | 27.27% | 30.53% | 34.79% | 35.36% | 13.33% | 8% | 22% | |
| Capex Intensity | 7.27% | 5.53% | 4.38% | 1.10% | 2.48% | 1.16% | 25% | 37% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 118.3% vs reported ROE 123.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $186.4M | $238.8M | $341.5M | $363.7M | $323.1M | $460.4M |
| YoY % | +28.1% | +43.0% | +6.5% | -11.2% | +42.5% | |
| Cost of Revenue | $92.6M | $118.6M | $200.1M | $200.6M | $155.6M | $242.9M |
| YoY % | +28.0% | +68.7% | +0.3% | -22.5% | +56.1% | |
| Gross Profit | $93.7M | $120.2M | $141.4M | $163.1M | $167.6M | $217.5M |
| YoY % | +28.2% | +17.7% | +15.3% | +2.8% | +29.8% | |
| R&D Expense | $55.5M | $61.9M | $67.7M | $74.2M | $71.6M | $80.0M |
| YoY % | +11.5% | +9.4% | +9.6% | -3.5% | +11.8% | |
| Selling & Marketing Expense | $18.1M | $24.6M | $24.8M | $43.5M | $44.8M | $86.3M |
| YoY % | +36.0% | +1.1% | +75.1% | +3.1% | +92.4% | |
| SG&A Expense | $33.9M | $36.9M | $39.7M | $46.9M | $45.8M | $44.9M |
| YoY % | +8.7% | +7.7% | +18.1% | -2.2% | -2.1% | |
| Total Operating Expenses | $112.5M | $124.5M | $131.4M | $164.7M | $183.3M | $210.9M |
| YoY % | +10.6% | +5.5% | +25.4% | +11.3% | +15.1% | |
| Operating Income | -$18.8M | -$4.3M | $10.1M | -$1.6M | -$15.7M | $6.6M |
| Interest Expense | — | — | — | — | — | $1.7M |
| Interest & Investment Income | — | — | — | — | — | $3.3M |
| Other Non-Operating Income | $4.7M | $4.7M | $13.5M | $16.9M | $9.2M | $1.04B |
| YoY % | -1.2% | +189.5% | +24.8% | -45.7% | +11204.9% | |
| Impairment of Real Estate | $0 | $0 | $0 | $1.1M | $0 | $0 |
| YoY % | -100.0% | |||||
| Pretax Income | -$13.0M | $983,000 | $25.4M | $18.4M | -$2.4M | $1.05B |
| YoY % | +2485.5% | -27.6% | ||||
| Income Tax | $1.1M | -$125,000 | $4.1M | $4.1M | -$3.0M | -$1.3M |
| YoY % | +1.5% | |||||
| Income from Continuing Operations | -$14.1M | — | — | — | — | — |
| Net Income (incl. NCI) | -$14.1M | $1.1M | $21.3M | $14.3M | $663,000 | $1.05B |
| YoY % | +1826.6% | -33.2% | -95.4% | +157910.6% | ||
| Minority Interest (P&L) | -$300,000 | -$83,000 | -$116,000 | $41,000 | -$552,000 | -$655,000 |
| Net Income | -$13.8M | $1.2M | $21.5M | $14.2M | $1.2M | $1.05B |
| YoY % | +1702.1% | -33.7% | -91.5% | +86177.0% | ||
| Net Income to Common | -$13.8M | $1.2M | $21.5M | $14.2M | $1.2M | $1.05B |
| YoY % | +1702.1% | -33.7% | -91.5% | +86177.0% | ||
| EPS (Basic) | -$0.04 | $0.00 | $0.06 | $0.04 | $0.00 | $3.37 |
| YoY % | +1675.0% | -31.8% | -91.3% | +88476.3% | ||
| EPS (Diluted) | -$0.04 | $0.00 | $0.06 | $0.04 | $0.00 | $3.31 |
| YoY % | +1722.9% | -31.8% | -91.3% | +87071.1% | ||
| Weighted Avg Shares (Basic) | 337.4M | 334.7M | 336.0M | 326.4M | 318.8M | 311.4M |
| YoY % | -0.8% | +0.4% | -2.9% | -2.3% | -2.3% | |
| Weighted Avg Shares (Diluted) | 337.4M | 336.0M | 336.2M | 326.8M | 319.1M | 316.5M |
| YoY % | -0.4% | +0.1% | -2.8% | -2.4% | -0.8% | |
| Dividends Declared per Share | $0 | $0 | $0 | $0 | $0 | $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.
| FY20212021-12-31 | $0.00 | — | reported |
| FY20202020-12-31 | $0.00 | — | reported |
