| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $63.17M | $10.29M | $17.16M | $91.28M | $234.60M |
| YoY Growth % | — | -83.7% | +66.8% | +432.0% | +157.0% |
| Cost of Revenue | $98.50M | $88.80M | $132.28M | $163.84M | $2.42M |
| Gross Profit | -$35.32M | -$78.51M | -$115.13M | -$72.56M | $232.18M |
| YoY Growth % | — | — | — | — | — |
| Gross Margin | -55.9% | -763.2% | -671.0% | -79.5% | 99.0% |
Operating Expenses | |||||
| Research & Development | $98.50M | $88.80M | $139.62M | $163.84M | $135.97M |
| Selling, General & Admin | $21.49M | $36.64M | $41.95M | $42.39M | $50.74M |
| Total Operating Expenses | $21.49M | $36.64M | $49.28M | $42.39M | $184.28M |
| Operating Income | -$56.81M | -$115.15M | -$164.41M | -$114.95M | $47.90M |
| YoY Growth % | — | — | — | — | — |
| Operating Margin | -89.9% | -1119.4% | -958.3% | -125.9% | 20.4% |
Non-Operating | |||||
| Interest Expense | $1.45M | $21.11M | $18.08M | $50.09M | $79.89M |
| Other Income | -$982.00K | -$13.55M | $788.00K | -$30.28M | -$60.96M |
| Income Before Tax | -$57.80M | -$128.70M | -$163.62M | -$145.23M | -$13.07M |
| Income Tax | $0.00 | $24.00K | -$4.00K | $3.00K | $164.00K |
| Net Income | -$57.80M | -$128.72M | -$163.62M | -$145.23M | -$13.23M |
| YoY Growth % | — | — | — | — | — |
| Net Margin | -91.5% | -1251.3% | -953.7% | -159.1% | -5.6% |
Per Share | |||||
| EPS (Diluted) | -$2.11 | -$4.57 | -$6.08 | -$5.12 | -$0.46 |
Other | |||||
| EBITDA | -$55.71M | -$105.26M | -$156.42M | -$92.74M | $69.25M |
| YoY Growth % | — | — | — | — | — |
| EBITDA Margin | -88.2% | -1023.2% | -911.7% | -101.6% | 29.5% |
Financials are standardized for comparability and may differ from company-reported line-item presentation.
Asset | |||||
|---|---|---|---|---|---|
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