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Price chart (1D to 10Y)
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Income Statement, fiscal years · USD, as filed
| Line item | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|---|---|---|---|---|
| Total revenue | $1.78B | $1.33B | $985.13M | $832.83M | $929.83M |
| Cost of revenue | $1.53B | $1.24B | $870.31M | $721.94M | $805.11M |
| Gross profit | $251.12M | $88.56M | $114.81M | $110.89M | $124.71M |
Source: SEC filings. Information and analytics, not investment advice.
| Gross margin |
| 1410.0% |
| 660.0% |
| 1170.0% |
| 1330.0% |
| 1340.0% |
| Research & development | $128.50M | $98.64M | $81.49M | $70.23M | $71.02M |
| Selling, general & admin | $51.27M | $46.45M | $45.18M | $34.91M | $44.16M |
| Total operating expenses | $298.96M | $215.10M | $188.74M | $142.68M | $153.31M |
| Operating income | -$4.73M | -$102.42M | -$62.47M | -$25.97M | -$23.23M |
| Operating margin | -30.0% | -770.0% | -630.0% | -310.0% | -250.0% |
| Interest expense | — | — | — | — | — |
| Pretax income | $40.72M | -$66.44M | -$26.94M | -$4.72M | -$13.88M |
| Tax provision | $8.66M | $4.04M | $1.86M | $1.84M | $1.83M |
| Net income | $91.56M | -$70.55M | -$28.80M | -$6.57M | -$16.10M |
| Net margin | 510.0% | -530.0% | -290.0% | -80.0% | -170.0% |
| EBITDA | — | — | — | — | — |
| Basic EPS | 0.38 | -0.29 | -0.12 | -0.03 | -0.07 |
| Diluted EPS | 0.38 | -0.29 | -0.12 | -0.03 | -0.07 |