| METRIC | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | — | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Revenue | ||||
| Revenue | $2.78B | $2.20B | $1.30B | $804M |
| Cost of Revenue | $238M | $194M | $124M | $111M |
| Gross Profit | — | — | — | — |
| Operating | ||||
| Operating Income | $785M | $442M | -$561M | -$140M |
| EBITDA | $802M | $458M | -$545M | -$126M |
| Pre-Tax Income | $878M | $529M | -$485M | -$87.0M |
| Income Tax Expense | $6.86M | -$1.03M | -$0.93M | $3.80M |
| Net Income | $871M | $530M | -$484M | -$90.8M |
| Per Share | ||||
| EPS (Basic) | $6.10 | $2.84 | $-3.33 | $-1.54 |
| EPS (Diluted) | $5.75 | $2.62 | $-3.33 | $-1.54 |
| Shares Basic | 143M | 186M | 145M | 59.1M |
| Shares Diluted | 152M | 202M | 145M | 59.1M |
| Dividend Per Share | — | — | — | — |
| Margins | ||||
| Gross Margin | — | — | — | — |
| EBIT Margin | +28.2% | +20.1% | -43.1% | -17.4% |
| EBITDA Margin | +28.8% | +20.8% | -41.9% | -15.7% |
| Net Margin | +31.3% | +24.1% | -37.2% | -11.3% |
| Effective Tax Rate | +0.8% | -0.2% | +0.2% | -4.4% |
| Growth | ||||
| Revenue Growth | — | +69.4% | +61.7% | +20.6% |
| Net Income Growth | — | +209.4% | -433.2% | +42.7% |
| EPS Growth | — | +178.7% | -116.2% | +44.4% |
| Share Count Change | — | +38.9% | +146.0% | +3.3% |
| Free Cash Flow | ||||
| Free Cash Flow | $1.02B | $684M | $216M | -$84.8M |
| FCF Per Share | $6.72 | $3.39 | $1.48 | $-1.43 |
| FCF Margin | +36.7% | +31.1% | +16.6% | -10.6% |
| FCF Growth | — | +217.0% | +354.4% | +15.4% |