Also trades as: FVI.TO (TSX) · $vol 8M · 0QYM.L (LSE) · $vol 0M

$11.25

+0.09 (+0.76%)

Weekly Expected Move ±5.1%

$10 $11 $11 $12 $12

NYSE · Basic Materials · Gold · Tech Score Sell · Power 41 · $3.4B mcap · 300M float · 1.75% daily turnover · Short 59% of daily vol

Revenue

$960M -9.6% ▼

5Y CAGR: +28.0%

Gross Profit

$468M +36.2% ▲

5Y CAGR: +33.5%

Operating Income

$370M +62.2% ▲

5Y CAGR: +45.2%

Net Income

$302M +134.7% ▲

5Y CAGR: +69.6%

EPS (Diluted)

$0.90 +119.5% ▲

5Y CAGR: +49.6%

EBITDA

$566M +19.4% ▲

5Y CAGR: +39.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$600M	$681M	$842M	$1.1B	$960M
YoY Growth	+115.0%	+13.6%	+23.6%	+26.1%	-9.6%
Cost of Revenue	$394M	$535M	$652M	$718M	$492M
Gross Profit	$205M	$147M	$190M	$344M	$468M
Gross Margin	34.3%	21.5%	22.6%	32.4%	48.7%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$45M	$61M	$64M	$78M	$98M
Operating Expenses	$69M	$260M	$190M	$116M	$98M
Operating Income	$137M	-$114M	-$407K	$228M	$370M
Operating Margin	22.8%	-16.7%	-0.0%	21.5%	38.5%
Interest Expense	$10M	$11M	$22M	$24M	$25M
Income Before Tax	$107M	-$125M	-$11M	$212M	$407M
Tax Expense	$48M	$11M	$33M	$70M	$113M
Net Income	$58M	-$128M	-$51M	$129M	$302M
Net Margin	9.6%	-18.8%	-6.0%	12.1%	31.5%
EPS (Diluted)	$0.23	$-0.47	$-0.17	$0.41	$0.90
EBITDA	$242M	$59M	$231M	$474M	$566M
Shares Outstanding	249M	291M	295M	311M	335M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$275M	$302M	$290M	$230M	$251M	$272M	$342M	$318M
Cost of Revenue	$188M	$195M	$174M	$125M	$118M	$124M	$131M	$135M
Gross Profit	$87M	$107M	$116M	$105M	$133M	$148M	$212M	$183M
Gross Margin	31.6%	35.4%	39.9%	45.6%	53.0%	54.4%	61.9%	57.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$16M	$21M	$25M	$22M	$26M	$27M	$28M	$19M
Operating Expenses	$14M	$54M	$24M	$21M	-$21M	$27M	$30M	$20M
Operating Income	$73M	$53M	$92M	$84M	$155M	$121M	$182M	$163M
Operating Margin	26.4%	17.5%	31.7%	36.3%	61.5%	44.6%	53.2%	51.3%
Interest Expense	$7M	$7M	$6M	$6M	$5M	$6M	$7M	$6M
Income Before Tax	$70M	$48M	$90M	$81M	$153M	$113M	$178M	$155M
Tax Expense	$15M	$33M	$22M	$34M	$25M	$38M	$58M	$71M
Net Income	$51M	$11M	$59M	$37M	$124M	$69M	$111M	$76M
Net Margin	18.4%	3.8%	20.2%	16.2%	49.2%	25.4%	32.4%	23.7%
EPS (Diluted)	$0.16	$0.04	$0.19	$0.12	$0.36	$0.23	$0.35	$0.24
EBITDA	$137M	$137M	$156M	$136M	$211M	$166M	$231M	$205M
Shares Outstanding	315M	312M	308M	309M	335M	306M	333M	329M

FSM NYSE