Also trades as: VAS.DE (XETRA) · $vol 0M · VLPNF (OTC) · $vol 0M

$9.97

-0.18 (-1.77%)

Weekly Expected Move ±4.6%

$9 $10 $10 $10 $11

OTC · Basic Materials · Steel · Tech Score Sell · Power 46 · $8.9B mcap · 523M float · 0.0010% daily turnover · Short 26% of daily vol

Revenue

$15.2B -3.7% ▼

5Y CAGR: +6.8%

Gross Profit

$2.9B +3.3% ▲

5Y CAGR: +9.8%

Operating Income

$689M +56.1% ▲

5Y CAGR: +82.3%

Net Income

$428M +178.5% ▲

5Y CAGR: +59.0%

EPS (Diluted)

$2.40 +1233.3% ▲

5Y CAGR: +14.9%

EBITDA

$1.4B +3.3% ▲

5Y CAGR: +6.1%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$14.9B	$18.2B	$16.7B	$15.7B	$15.2B
YoY Growth	+36.9%	+22.1%	-8.5%	-5.6%	-3.7%
Cost of Revenue	$11.6B	$14.6B	$13.9B	$12.9B	$12.2B
Gross Profit	$3.4B	$3.6B	$2.8B	$2.8B	$2.9B
Gross Margin	22.5%	19.9%	16.8%	18.0%	19.3%
R&D Expenses	$174M	$191M	$214M	$0	$223M
SG&A Expenses	$1.9B	$2.1B	$2.2B	$2.3B	$2.3B
Operating Expenses	$2.1B	$2.1B	$2.4B	$2.4B	$2.2B
Operating Income	$1.3B	$1.3B	$361M	$441M	$689M
Operating Margin	8.7%	7.2%	2.2%	2.8%	4.5%
Interest Expense	$107M	$182M	$281M	$240M	$194M
Income Before Tax	$1.4B	$1.5B	$383M	$270M	$591M
Tax Expense	$310M	$406M	$168M	$92M	$163M
Net Income	$1.3B	$1.1B	$101M	$154M	$428M
Net Margin	8.7%	5.8%	0.6%	1.0%	2.8%
EPS (Diluted)	$36.40	$30.05	$2.95	$0.18	$2.40
EBITDA	$2.2B	$2.4B	$1.7B	$1.4B	$1.4B
Shares Outstanding	36M	35M	34M	857M	178M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$4.1B	$3.9B	$3.7B	$4.0B	$3.9B	$3.7B	$3.5B	$4.0B
Cost of Revenue	$3.3B	$3.3B	$3.1B	$3.2B	$3.2B	$3.0B	$2.8B	$3.2B
Gross Profit	$808M	$634M	$633M	$763M	$730M	$739M	$722M	$838M
Gross Margin	19.5%	16.3%	17.1%	19.1%	18.7%	20.0%	20.3%	21.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$585M	$537M	$560M	$572M	$571M	$560M	$608M	$593M
Operating Expenses	$585M	$634M	$560M	$700M	$563M	$565M	$597M	$603M
Operating Income	$224M	$97M	$73M	$63M	$167M	$174M	$125M	$235M
Operating Margin	5.4%	2.5%	2.0%	1.6%	4.3%	4.7%	3.5%	5.9%
Interest Expense	$60M	$64M	$57M	$59M	$48M	$50M	$46M	$49M
Income Before Tax	$188M	$60M	$6M	$16M	$139M	$140M	$94M	$218M
Tax Expense	$39M	$27M	-$18M	$45M	$32M	$47M	$34M	$50M
Net Income	$135M	$25M	$22M	-$29M	$101M	$94M	$60M	$173M
Net Margin	3.3%	0.6%	0.6%	-0.7%	2.6%	2.6%	1.7%	4.3%
EPS (Diluted)	$3.85	$0.75	$0.03	$-0.03	$0.12	$0.54	$0.35	$0.95
EBITDA	$414M	$295M	$246M	$75M	$187M	$190M	$326M	$445M
Shares Outstanding	35M	34M	858M	863M	868M	873M	853M	185M

VLPNY OTC