| METRIC | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | — | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Revenue | ||||
| Revenue | $7.59B | $5.13B | $1.92B | $229M |
| Cost of Revenue | $2.47B | $1.45B | $493M | $69.0M |
| Gross Profit | — | — | — | — |
| Operating | ||||
| Operating Income | -$231M | -$46.0M | $324M | -$14.0M |
| EBITDA | $3.76B | $2.41B | $1.19B | $89.0M |
| Pre-Tax Income | -$1.92B | -$1.22B | -$744M | -$558M |
| Income Tax Expense | $4.19M | -$48.0M | $119M | $36.0M |
| Net Income | -$1.93B | -$1.17B | -$863M | -$594M |
| Per Share | ||||
| EPS (Basic) | $-4.83 | $-2.75 | $-4.30 | $-3.09 |
| EPS (Diluted) | $-4.83 | $-2.81 | $-4.30 | $-3.09 |
| Shares Basic | 399M | 435M | 218M | 192M |
| Shares Diluted | 399M | 436M | 218M | 192M |
| Dividend Per Share | — | $0.00 | $0.00 | — |
| Margins | ||||
| Gross Margin | — | — | — | — |
| EBIT Margin | -3.0% | -0.9% | +16.9% | -6.1% |
| EBITDA Margin | +49.5% | +46.9% | +62.0% | +38.9% |
| Net Margin | -25.4% | -22.7% | -45.1% | -259.4% |
| Effective Tax Rate | -0.2% | +4.0% | -16.0% | -6.5% |
| Growth | ||||
| Revenue Growth | — | +167.9% | +736.2% | — |
| Net Income Growth | — | -35.2% | -45.3% | — |
| EPS Growth | — | +34.7% | -39.2% | — |
| Share Count Change | — | +100.0% | +13.5% | — |
| Free Cash Flow | ||||
| Free Cash Flow | -$13.7B | -$7.25B | -$5.95B | -$1.11B |
| FCF Per Share | $-34.24 | $-16.63 | $-27.31 | $-5.78 |
| FCF Margin | -179.9% | -141.3% | -310.9% | -484.7% |
| FCF Growth | — | -21.8% | -436.3% | — |