Income statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $17.74B | $18.88B | $6.85B | $3.2B | $1.94B | $2.09B | $2.48B | $3.13B | $5.1B |
| Cost of revenue | $2.62B | $5.42B | $4.69B | $1.46B | $868M | $1.12B | $1.34B | $1.62B | $2.69B |
| Gross profit | $15.12B | $13.46B | $2.16B | $1.74B | $1.08B | $952.59M | $1.15B | $1.46B | $2.38B |
| Gross margin | +85.24% | +71.31% | +31.47% | +54.24% | +55.35% | +45.65% | +46.37% | +46.74% | +46.71% |
| Operating | |||||||||
| Research & development | $1.99B | $3.3B | $4.85B | $4.54B | $3.13B | $2.58B | $3.16B | $3.85B | $6.45B |
| Selling, general & administrative | $567M | $1.13B | $1.55B | $1.17B | $1.02B | $770.13M | $951.93M | $1.16B | $1.89B |
| Total operating expenses | $1.82B | $4.04B | $6.39B | $5.68B | $4.15B | $3.27B | $4.07B | $5.15B | $8.17B |
| Operating income | $13.3B | $9.42B | -$4.24B | -$3.95B | -$3.07B | -$2.41B | -$2.77B | -$3.64B | -$5.93B |
| Operating margin | +74.97% | +49.91% | -61.90% | -123.32% | -158.13% | -115.27% | -111.57% | -116.44% | -116.14% |
| EBITDA | $13.53B | $9.77B | -$3.28B | -$3.39B | -$2.55B | -$2.01B | -$2.39B | -$2.97B | -$4.74B |
| EBIT | $13.3B | $9.42B | -$3.9B | -$3.58B | -$2.77B | -$2.2B | -$2.64B | -$3.19B | -$5.45B |
| Below the line | |||||||||
| Interest expense | $18M | $29M | $38M | $24M | $0 | $9.27M | $10.62M | $13.73M | $22.79M |
| Interest income | $18M | $200M | $421M | $425M | $314M | $250.04M | $287.14M | $381.59M | $592.34M |
| Other income / expense | -$11M | $155M | $297M | $338M | $306M | — | — | — | — |
| Pre-tax income | $13.29B | $9.58B | -$3.94B | -$3.61B | -$2.77B | -$2.2B | -$2.58B | -$3.22B | -$5.3B |
| Income tax expense | $1.08B | $1.21B | $772M | -$46M | $54M | — | — | — | — |
| Earnings | |||||||||
| Net income | $12.2B | $8.36B | -$4.71B | -$3.56B | -$2.82B | -$2.32B | -$2.62B | -$3.35B | -$5.53B |
| Net income · continuing ops | $12.2B | $8.36B | -$4.71B | -$3.56B | -$2.82B | -$2.21B | -$2.66B | -$3.41B | -$5.68B |
| Net margin | +68.80% | +44.30% | -68.84% | -111.32% | -145.16% | -111.20% | -105.36% | -107.20% | -108.33% |
| EPS · basic | $30.31 | $21.26 | $-12.34 | $-9.27 | $-7.26 | $-8.49 | $-4.75 | $-2.87 | $-0.03 |
| EPS · diluted | $28.29 | $20.10 | $-12.34 | $-9.27 | $-7.26 | $-8.59 | $-4.72 | $-2.91 | $-0.03 |
| EPS · low estimate | — | — | — | — | — | $-9.98 | $-6.21 | $-6.11 | $-0.05 |
| EPS · high estimate | — | — | — | — | — | $-6.61 | $-0.09 | $0.68 | $-0.03 |
| Shares · basic | 403M | 394M | 382M | 384M | 389M | 388.52M | 385.3M | 389.59M | 390.7M |
| Shares · diluted | 431M | 416M | 382M | 384M | 389M | 391.12M | 389.62M | 385.27M | 388.09M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 17 | 17 | 18 | 11 |
| Analysts (EPS) | — | — | — | — | — | 18 | 17 | 17 | 13 |
Coverage notes. Historical figures come from FMP’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS from FMP consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro