Also trades as: OR.TO (TSX) · $vol 14M · 0VBE.L (LSE) · $vol 0M

$34.47

+0.49 (+1.44%)

Weekly Expected Move ±4.8%

$31 $33 $34 $36 $38

NYSE · Basic Materials · Gold · Tech Score Sell · Power 42 · $6.5B mcap · 167M float · 0.599% daily turnover · Short 47% of daily vol

Revenue

$387M +102.6% ▲

5Y CAGR: +12.6%

Gross Profit

$323M +75.1% ▲

5Y CAGR: +25.4%

Operating Income

$282M +260.5% ▲

5Y CAGR: +46.6%

Net Income

$288M +1668.8% ▲

5Y CAGR: +76.3%

EPS (Diluted)

$1.52 +1166.7% ▲

5Y CAGR: +72.3%

EBITDA

$334M +366.0% ▲

5Y CAGR: +27.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$176M	$160M	$183M	$191M	$387M
YoY Growth	-17.4%	-9.0%	+14.2%	+4.3%	+102.6%
Cost of Revenue	$67M	$50M	$12M	$7M	$64M
Gross Profit	$109M	$111M	$171M	$184M	$323M
Gross Margin	61.8%	69.0%	93.3%	96.5%	83.4%
R&D Expenses	$4M	$4M	$5M	$6M	$0
SG&A Expenses	$15M	$15M	$24M	$18M	$40M
Operating Expenses	$21M	$20M	$106M	$106M	$40M
Operating Income	$88M	$91M	$64M	$78M	$282M
Operating Margin	49.9%	56.5%	35.2%	41.0%	72.9%
Interest Expense	$19M	$22M	$19M	$8M	$6M
Income Before Tax	$80M	$83M	-$28M	$30M	$337M
Tax Expense	$20M	$21M	$10M	$14M	$49M
Net Income	-$18M	-$87M	-$37M	$16M	$288M
Net Margin	-10.5%	-54.5%	-20.4%	8.5%	74.3%
EPS (Diluted)	$-0.11	$-0.49	$-0.27	$0.12	$1.52
EBITDA	$138M	$138M	$29M	$72M	$334M
Shares Outstanding	168M	181M	185M	188M	189M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$57M	$55M	$55M	$60M	$72M	$92M	$101M	$98M
Cost of Revenue	$2M	$11M	$9M	$10M	$13M	$13M	$14M	$16M
Gross Profit	$55M	$44M	$46M	$50M	$59M	$78M	$87M	$82M
Gross Margin	96.3%	79.5%	83.0%	83.1%	82.5%	85.5%	86.1%	84.0%
R&D Expenses	$0	$0	$2M	$3M	$2M	$0	$0	$2M
SG&A Expenses	$8M	$6M	$5M	$6M	$5M	$7M	$8M	$5M
Operating Expenses	$18M	$6M	$7M	$9M	$12M	$7M	$8M	$7M
Operating Income	$37M	$38M	$39M	$41M	$47M	$71M	$79M	$75M
Operating Margin	65.3%	68.5%	70.1%	68.6%	65.2%	77.5%	78.0%	77.0%
Interest Expense	$2M	$1M	$2M	$1M	$886K	$746K	$751K	$3M
Income Before Tax	$26M	$16M	$34M	$39M	$92M	$77M	$86M	$74M
Tax Expense	$8M	$9M	$8M	$7M	$9M	$11M	$14M	$13M
Net Income	$18M	$7M	$26M	$32M	$83M	$66M	$73M	$61M
Net Margin	31.9%	12.5%	46.7%	53.6%	115.7%	72.1%	71.6%	62.8%
EPS (Diluted)	$0.10	$0.06	$0.14	$0.17	$0.61	$0.35	$0.38	$0.33
EBITDA	$47M	$35M	$43M	$48M	$103M	$89M	$90M	$90M
Shares Outstanding	188M	187M	188M	189M	190M	189M	189M	189M

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