| METRIC | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | — | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Revenue | ||||
| Revenue | $1.20B | $853M | $396M | $116M |
| Cost of Revenue | $299M | $207M | $93.6M | $36.0M |
| Gross Profit | $903M | $645M | $303M | $79.8M |
| Operating | ||||
| Operating Income | $273M | $173M | -$116M | -$29.5M |
| EBITDA | $285M | $180M | -$113M | -$27.7M |
| Pre-Tax Income | $322M | $218M | -$81.8M | -$22.9M |
| Income Tax Expense | -$47.5M | -$0.98M | $1.64M | $3.31M |
| Net Income | $369M | $219M | -$83.4M | -$26.3M |
| Per Share | ||||
| EPS (Basic) | $2.90 | $1.32 | $-0.64 | $-0.71 |
| EPS (Diluted) | $2.72 | $1.22 | $-0.64 | $-0.71 |
| Shares Basic | 128M | 166M | 131M | 37.1M |
| Shares Diluted | 136M | 180M | 131M | 37.1M |
| Dividend Per Share | — | — | — | — |
| Margins | ||||
| Gross Margin | +75.1% | +75.7% | +76.4% | +68.9% |
| EBIT Margin | +22.8% | +20.3% | -29.3% | -25.5% |
| EBITDA Margin | +23.7% | +21.1% | -28.5% | -23.9% |
| Net Margin | +30.7% | +25.7% | -21.1% | -22.7% |
| Effective Tax Rate | -14.7% | -0.4% | -2.0% | -14.4% |
| Growth | ||||
| Revenue Growth | — | +115.1% | +242.2% | +45.0% |
| Net Income Growth | — | +362.7% | -217.7% | +55.0% |
| EPS Growth | — | +290.6% | +9.9% | +58.5% |
| Share Count Change | — | +36.8% | +253.5% | +8.7% |
| Free Cash Flow | ||||
| Free Cash Flow | $277M | $282M | $102M | -$15.5M |
| FCF Per Share | $2.03 | $1.57 | $0.78 | $-0.42 |
| FCF Margin | +23.0% | +33.1% | +25.8% | -13.4% |
| FCF Growth | — | +175.1% | +761.8% | +61.1% |