| Market Cap | $8.31B | |
| Enterprise Value | — | |
| Revenue | $2.69B | +15.5% |
| Gross Profit | $1.98B | +12.1% |
| EBITDA | $275.0M | +434.9% |
| Net Income | $61.0M | — |
| Diluted EPS | $0.09 | — |
| Free Cash Flow | $333.0M | −17.5% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 90.96% | 90.67% | 91.82% | 92.09% | 88.48% | 43.70% | 84.30% | 84.85% | 81.26% | 78.35% | 76.43% | 74.14% | 13% | 96% | |
| Operating Margin | −13.71% | −23.19% | −22.78% | −15.03% | −9.67% | −9.02% | 6.71% | 11.21% | −4.75% | −13.88% | −8.81% | −1.32% | 79% | 23% | |
| EBITDA Margin | −2.78% | −11.50% | −10.90% | −4.80% | −2.22% | −5.83% | 13.55% | 17.31% | 3.27% | −4.27% | 1.92% | 8.90% | 79% | 43% | |
| NOPAT Margin | — | −18.32% | −18.00% | −11.88% | −7.64% | −7.13% | 5.30% | 11.21% | −3.75% | −10.97% | −6.96% | −1.21% | 77% | 20% | |
| Net Margin | −13.38% | −23.09% | −26.04% | −8.77% | −8.99% | −11.13% | −9.98% | −24.77% | −5.16% | −8.12% | −5.01% | 0.89% | 96% | 32% | |
| FCF Margin | — | — | −6.31% | 17.78% | −4.66% | −24.76% | 20.81% | −152.49% | 224.16% | 11.26% | 12.75% | 9.10% | 45% | 65% | |
| FCFF Margin | — | — | — | — | — | — | — | −146.48% | — | — | — | 9.74% | 75% | 51% | |
| OCF Margin | — | — | 1.02% | 23.98% | 0.29% | −22.32% | 26.05% | −149.02% | 230.03% | 18.20% | 19.14% | 14.25% | 45% | 68% | |
| Gross Profitability | 45.62% | 18.64% | 24.68% | 30.69% | 27.50% | 19.55% | 18.29% | 16.91% | 24.24% | 22.91% | 29.32% | 33.69% | 88% | 75% | |
| Capex Intensity | 9.67% | 8.17% | 7.33% | 6.20% | 4.95% | 2.44% | 5.23% | 3.47% | 5.87% | 6.94% | 6.40% | 5.15% | 29% | 75% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||||
| ▸Capital allocation · 2 ratios | |||||||||||||||
| ▸Per share · 3 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to -11.6% vs reported ROE -10.5%. 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 | $325.9M | $644.7M | $846.6M | $1.08B | $1.33B | $2.74B | $1.62B | $2.13B | $1.96B | $1.95B | $2.24B | $2.58B |
| YoY % | +97.8% | +31.3% | +27.2% | +23.8% | +105.7% | -40.8% | +31.3% | -8.2% | -0.7% | +15.0% | +15.5% | |
| Cost of Revenue | $29.5M | $60.1M | $69.3M | $85.2M | $153.6M | $1.54B | $255.0M | $323.0M | $367.0M | $421.0M | $527.0M | $668.0M |
| YoY % | +104.1% | +15.2% | +23.0% | +80.3% | +905.3% | -83.5% | +26.7% | +13.6% | +14.7% | +25.2% | +26.8% | |
| Gross Profit | — | — | — | — | — | $1.20B | $1.37B | $1.81B | $1.59B | $1.52B | $1.71B | $1.92B |
| YoY % | +14.2% | +32.1% | -12.1% | -4.2% | +12.1% | +12.1% | ||||||
| R&D Expense | $84.7M | $184.5M | $255.6M | $320.0M | $410.8M | $350.9M | $324.0M | $421.0M | $498.0M | $560.0M | $585.0M | $607.0M |
| YoY % | +117.9% | +38.5% | +25.2% | +28.4% | -14.6% | -7.7% | +29.9% | +18.3% | +12.4% | +4.5% | +3.8% | |
| Selling & Marketing Expense | $169.5M | $308.1M | $382.4M | $448.2M | $552.6M | $728.6M | $535.0M | $715.0M | $664.0M | $658.0M | $790.0M | $843.0M |
| YoY % | +81.8% | +24.1% | +17.2% | +23.3% | +31.9% | -26.6% | +33.6% | -7.1% | -0.9% | +20.1% | +6.7% | |
| SG&A Expense | $65.5M | $185.0M | $332.0M | $210.8M | $262.2M | $366.0M | $324.0M | $414.0M | $498.0M | $553.0M | $524.0M | $497.0M |
| YoY % | +182.4% | +79.5% | -36.5% | +24.4% | +39.6% | -11.5% | +27.8% | +20.3% | +11.0% | -5.2% | -5.2% | |
| Total Operating Expenses | $370.6M | $794.2M | $1.04B | $1.24B | $1.46B | $1.45B | $1.26B | $1.57B | $1.68B | $1.79B | $1.91B | $1.95B |
| YoY % | +114.3% | +30.9% | +19.2% | +18.1% | -1.1% | -12.9% | +24.6% | +7.3% | +6.5% | +6.2% | +2.3% | |
| Operating Income | -$44.7M | -$149.5M | -$192.9M | -$161.9M | -$129.0M | -$247.5M | $109.0M | $239.0M | -$93.0M | -$270.0M | -$197.0M | -$34.0M |
| YoY % | +119.3% | |||||||||||
| Interest Expense | — | $5.5M | $7.4M | $27.5M | $41.3M | $101.8M | $138.0M | $128.0M | $35.0M | $36.0M | $36.0M | $18.0M |
| YoY % | +35.0% | +271.4% | +49.9% | +146.7% | +35.6% | -7.2% | -72.7% | +2.9% | 0.0% | -50.0% | ||
| Gains on Sale of Real Estate | — | — | — | — | — | — | $402,000 | — | — | — | — | — |
| Pretax Income | -$43.6M | -$153.5M | -$220.3M | -$184.0M | -$151.0M | -$309.6M | -$3.0M | $101.0M | -$85.0M | -$154.0M | -$107.0M | $25.0M |
| Income Tax | — | -$4.6M | $130,000 | -$89.6M | -$31.1M | -$4.3M | -$8.0M | -$1.0M | $3.0M | $4.0M | $5.0M | $2.0M |
| YoY % | +33.3% | +25.0% | -60.0% | |||||||||
| Income from Continuing Operations | — | — | — | — | — | — | $5.0M | $102.0M | -$88.0M | -$158.0M | -$112.0M | — |
| YoY % | +1940.0% | |||||||||||
| Net Income | -$43.6M | -$148.9M | -$220.4M | -$94.4M | -$119.9M | -$305.4M | -$162.0M | -$528.0M | -$101.0M | -$158.0M | -$112.0M | $23.0M |
| EPS (Basic) | — | — | — | — | — | -$1.48 | -$0.72 | -$2.11 | -$0.42 | -$0.68 | -$0.48 | $0.09 |
| EPS (Diluted) | — | — | — | — | — | -$1.48 | -$0.70 | -$2.02 | -$0.42 | -$0.68 | -$0.48 | $0.09 |
| Weighted Avg Shares (Basic) | — | — | — | — | — | 206.4M | 223.8M | 249.9M | 242.2M | 233.6M | 234.1M | 241.9M |
| YoY % | +8.5% | +11.7% | -3.1% | -3.5% | +0.2% | +3.4% | ||||||
| Weighted Avg Shares (Diluted) | — | — | — | — | — | 206.4M | 231.4M | 261.8M | 242.2M | 233.6M | 234.1M | 254.1M |
| YoY % | +12.1% | +13.1% | -7.5% | -3.5% | +0.2% | +8.6% |
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.
