$65.07

+0.07 (+0.11%)

Weekly Expected Move ±2.5%

$62 $64 $65 $67 $68

NYSE · Real Estate · REIT - Industrial · Tech Score Neutral · Power 52 · $7.1B mcap · 107M float · 0.762% daily turnover · Short 62% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$476M +24.5% ▲

5Y CAGR: +20.6%

Gross Profit

$361M +27.0% ▲

5Y CAGR: +21.3%

Operating Income

$192M +30.0% ▲

5Y CAGR: +11.0%

Net Income

$403M +118.4% ▲

5Y CAGR: +38.2%

EPS (Diluted)

$3.92 +104.2% ▲

5Y CAGR: +35.4%

EBITDA

$557M +86.2% ▲

5Y CAGR: +38.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$222M	$276M	$324M	$383M	$476M
YoY Growth	+18.8%	+24.5%	+17.2%	+18.2%	+24.5%
Cost of Revenue	$56M	$69M	$79M	$98M	$115M
Gross Profit	$166M	$207M	$245M	$285M	$361M
Gross Margin	74.7%	75.1%	75.6%	74.4%	75.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$27M	$31M	$38M	$43M	$47M
Operating Expenses	$78M	$97M	$111M	$137M	$169M
Operating Income	$88M	$110M	$133M	$148M	$192M
Operating Margin	39.7%	40.0%	41.2%	38.7%	40.4%
Interest Expense	$18M	$24M	$25M	$21M	$33M
Income Before Tax	$87M	$198M	$151M	$184M	$403M
Tax Expense	$0	$0	$0	$0	$0
Net Income	$87M	$198M	$151M	$184M	$403M
Net Margin	39.3%	71.7%	46.8%	48.2%	84.6%
EPS (Diluted)	$0.87	$2.61	$1.81	$1.92	$3.92
EBITDA	$156M	$288M	$249M	$299M	$557M
Shares Outstanding	71M	76M	83M	96M	103M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$100M	$104M	$110M	$112M	$116M	$137M	$124M	$125M
Cost of Revenue	$26M	$28M	$29M	$28M	$28M	$30M	$91M	$30M
Gross Profit	$74M	$76M	$82M	$84M	$88M	$107M	$34M	$95M
Gross Margin	74.3%	73.2%	73.9%	75.1%	75.7%	78.0%	27.1%	76.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$11M	$11M	$12M	$12M	$12M	$12M	$12M	$14M
Operating Expenses	$35M	$37M	$39M	$40M	$40M	$50M	-$17M	$43M
Operating Income	$39M	$39M	$43M	$44M	$48M	$57M	$51M	$52M
Operating Margin	39.3%	37.8%	38.9%	39.2%	41.3%	41.8%	40.7%	41.8%
Interest Expense	$5M	$5M	$8M	$7M	$8M	$10M	$9M	$8M
Income Before Tax	$37M	$76M	$48M	$93M	$103M	$158M	$69M	$58M
Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	$37M	$76M	$48M	$93M	$103M	$158M	$69M	$58M
Net Margin	36.8%	73.4%	43.6%	83.1%	88.9%	115.1%	55.8%	46.2%
EPS (Diluted)	$0.37	$0.76	$0.47	$0.90	$1.00	$1.52	$0.66	$0.54
EBITDA	$66M	$107M	$83M	$128M	$140M	$206M	$108M	$95M
Shares Outstanding	98M	99M	101M	103M	103M	104M	105M	107M

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