$1.00

-0.15 (-13.04%)

NYSE · Financial Services · Financial - Conglomerates · Tech Score Sell · Power 27 · $230.4M mcap

Revenue

$341M +114.3% ▲

Gross Profit

$117M +558.0% ▲

Operating Income

$77M +202.8% ▲

Net Income

-$82M +43.5% ▲

EPS (Diluted)

$-1.14 +76.4% ▲

EBITDA

$59M +181.7% ▲

3Y CAGR: +76.1%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024
Revenue	$0	$0	$159M	$341M
YoY Growth	+0.0%	+0.0%	+0.0%	+114.3%
Cost of Revenue	$0	$0	$141M	$223M
Gross Profit	$0	-$2M	$18M	$117M
Gross Margin	—	—	11.2%	34.4%
R&D Expenses	$0	$0	$0	$0
SG&A Expenses	$1M	$224K	$30M	$38M
Operating Expenses	$1M	$2M	$93M	$40M
Operating Income	-$1M	-$10M	-$75M	$77M
Operating Margin	—	—	-47.1%	22.6%
Interest Expense	$0	$9M	$41M	$60M
Income Before Tax	$11M	-$25M	-$160M	-$79M
Tax Expense	$0	$0	-$15M	$3M
Net Income	$11M	-$13M	-$145M	-$82M
Net Margin	—	—	-90.9%	-24.0%
EPS (Diluted)	$0.33	$-0.75	$-4.83	$-1.14
EBITDA	$11M	-$5M	$31M	$59M
Shares Outstanding	33M	33M	30M	72M

Line Item	FY2023 Q3	FY2023 Q4	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2
Revenue	$70M	$70M	$91M	$91M	$79M	$79M	$82M	$82M
Cost of Revenue	$60M	$60M	$59M	$59M	$53M	$53M	$51M	$51M
Gross Profit	$10M	$10M	$32M	$32M	$27M	$27M	$31M	$31M
Gross Margin	13.9%	13.9%	35.1%	35.1%	33.6%	33.6%	37.8%	37.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$13M	$13M	$8M	$8M	$11M	$11M	$14M	$14M
Operating Expenses	$38M	$38M	$9M	$9M	$11M	$11M	$16M	$16M
Operating Income	-$28M	-$28M	$23M	$23M	$16M	$16M	$15M	$15M
Operating Margin	-39.5%	-39.5%	25.3%	25.3%	19.6%	19.6%	18.3%	18.3%
Interest Expense	$0	$0	$13M	$13M	$15M	$15M	$16M	$16M
Income Before Tax	-$63M	-$63M	-$48M	-$48M	$8M	$8M	-$40M	-$40M
Tax Expense	-$7M	-$7M	$4M	$4M	-$2M	-$2M	$1M	$1M
Net Income	-$56M	-$56M	-$51M	-$51M	$10M	$10M	-$38M	-$38M
Net Margin	-80.0%	-80.0%	-56.1%	-56.1%	12.9%	12.9%	-47.0%	-47.0%
EPS (Diluted)	$-1.13	$-1.13	$-0.78	$-0.78	$0.13	$0.13	$-0.46	$-0.46
EBITDA	$16M	$16M	$43M	$43M	$32M	$32M	$35M	$35M
Shares Outstanding	50M	50M	65M	65M	78M	78M	82M	82M

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