Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 8.0% Revenue growth, 20242 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Other costs
Cost of revenue 34¢ $382.6M Other costs 63¢ $710.8M Income tax 3¢ $34.1M Out of $1.1B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024 Share buybacks
Capital spending 1¢ $4.4M Share buybacks 88¢ $300.0M Kept or used elsewhere 10¢ $35.5M Out of $339.9M of cash from operations.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 2 $1.1B in 2024+275% since 2021 0 $500.0M $1.0B $1.5B 2021: $300.6M $300.6M 2021 2022: $482.3M $482.3M 2022 +60% 2023: $1.0B $1.0B 2023 +116% 2024: $1.1B $1.1B 2024 +8% Gross profit4 2 $744.9M in 2024+441% since 2021 0 $200.0M $400.0M $600.0M $800.0M 2021: $137.6M $137.6M 2021 2022: $282.4M $282.4M 2022 +105% 2023: $670.6M $670.6M 2023 +137% 2024: $744.9M $744.9M 2024 +11% Operating income4 2 -$89.5M in 2024+48% since 2021 -$200.0M -$100.0M 0 $100.0M 2021: -$60.4M -$60.4M 2021 2022: $22.3M $22.3M 2022 2023: -$183.1M -$183.1M 2023 2024: -$89.5M -$89.5M 2024 −51% Net income4 2 -$9.8M in 2024−53% since 2021 -$150.0M -$100.0M -$50.0M 0 $50.0M 2021: -$20.6M -$20.6M 2021 2022: $41.9M $41.9M 2022 2023: -$107.8M -$107.8M 2023 2024: -$9.8M -$9.8M 2024 −91%
Revenue5 6 $303.6M in Q2 FY2024+41% since Q1 FY2024 0 $100.0M $200.0M $300.0M $400.0M Q1 FY2024: $215.9M $215.9M Q1 FY2024 Q2 FY2024: $303.6M $303.6M Q2 FY2024 +41% Gross profit5 6 $209.3M in Q2 FY2024+74% since Q1 FY2024 0 $100.0M $200.0M $300.0M Q1 FY2024: $120.4M $120.4M Q1 FY2024 Q2 FY2024: $209.3M $209.3M Q2 FY2024 +74% Operating income5 6 $9.0M in Q2 FY2024-$100.0M -$50.0M 0 $50.0M Q1 FY2024: -$96.0M -$96.0M Q1 FY2024 Q2 FY2024: $9.0M $9.0M Q2 FY2024 Net income5 6 $20.3M in Q2 FY2024-$75.0M -$50.0M -$25.0M 0 $25.0M Q1 FY2024: -$60.5M -$60.5M Q1 FY2024 Q2 FY2024: -$60.5M -$60.5M Q2 FY2024 +0% Q2 FY2024: $20.3M $20.3M Q2 FY2024
Fiscal year 2020 2021 2022 2023 2024 Revenue $300.6M4 $482.3M2 $1.0B2 $1.1B2 Cost of revenue $163.0M4 $199.9M2 $373.6M2 $382.6M2 Gross profit $137.6M4 $282.4M2 $670.6M2 $744.9M2 Operating income -$60.4M4 $22.3M2 -$183.1M2 -$89.5M2 Income tax -$45.3M4 -$17.5M2 -$72.8M2 -$34.1M2 Net income -$20.6M4 $41.9M2 -$107.8M2 -$9.8M2 Earnings per share -$0.574 $1.052 -$1.672 -$0.152 Earnings per share (diluted) -$0.574 $1.052 -$1.672 -$0.152
Total assets4 2 $14.1B in 2024−6% since 2022 0 $5.0B $10.0B $15.0B 2022: $15.0B $15.0B 2022 2023: $14.5B $14.5B 2023 −3% 2024: $14.1B $14.1B 2024 −3% Shareholders’ equity4 2 $12.8B in 2024+5287% since 2020 0 $5.0B $10.0B $15.0B 2020: $237.8M $237.8M 2020 2021: $1.8B $1.8B 2021 +645% 2022: $13.2B $13.2B 2022 +643% 2023: $13.1B $13.1B 2023 −1% 2024: $12.8B $12.8B 2024 −2% Cash4 2 $237.0M in 2024+1534% since 2020 0 $200.0M $400.0M $600.0M 2020: $14.5M $14.5M 2020 2021: $25.7M $25.7M 2021 +77% 2022: $449.7M $449.7M 2022 +1649% 2023: $241.2M $241.2M 2023 −46% 2024: $237.0M $237.0M 2024 −2% Long-term debt4 $0 in 20230 $100.0M $200.0M $300.0M 2022: $245.6M $245.6M 2022 2023: $0 $0 2023
Total assets5 6 $13.9B in Q2 FY2024−1% since Q1 FY2024 0 $5.0B $10.0B $15.0B Q1 FY2024: $14.1B $14.1B Q1 FY2024 Q2 FY2024: $14.1B $14.1B Q2 FY2024 +0% Q1 FY2024: $13.9B $13.9B Q1 FY2024 −1% Q2 FY2024: $13.9B $13.9B Q2 FY2024 +0% Shareholders’ equity5 6 $12.8B in Q2 FY2024−0% since Q1 FY2024 0 $5.0B $10.0B $15.0B Q1 FY2024: $12.8B $12.8B Q1 FY2024 Q2 FY2024: $12.8B $12.8B Q2 FY2024 +0% Q1 FY2024: $12.8B $12.8B Q1 FY2024 −0% Q2 FY2024: $12.8B $12.8B Q2 FY2024 +0% Q2 FY2024: $12.8B $12.8B Q2 FY2024 +0% Cash5 6 $181.8M in Q2 FY2024−23% since Q1 FY2024 0 $100.0M $200.0M $300.0M Q1 FY2024: $237.0M $237.0M Q1 FY2024 Q2 FY2024: $237.0M $237.0M Q2 FY2024 +0% Q1 FY2024: $221.1M $221.1M Q1 FY2024 −7% Q2 FY2024: $181.8M $181.8M Q2 FY2024 −18%
Fiscal year 2020 2021 2022 2023 2024 Cash $14.5M4 $25.7M2 $449.7M2 $241.2M2 $237.0M2 Current assets $1.0B4 $833.1M2 $876.1M2 Total assets $15.0B4 $14.5B2 $14.1B2 Current liabilities $300.9M4 $352.4M2 $337.4M2 Long-term debt $245.6M4 $04 Shareholders’ equity $237.8M4 $1.8B2 $13.2B2 $13.1B2 $12.8B2 Shares outstanding 64.4M shares4 64.4M shares4 63.3M shares2
Cash from operations4 2 $339.9M in 2024+520% since 2021 0 $100.0M $200.0M $300.0M $400.0M 2021: $54.8M $54.8M 2021 2022: $19.8M $19.8M 2022 −64% 2023: $299.2M $299.2M 2023 +1413% 2024: $339.9M $339.9M 2024 +14% Capital spending4 2 $4.4M in 2024−28% since 2021 0 $2.0M $4.0M $6.0M $8.0M 2021: $6.2M $6.2M 2021 2022: $4.9M $4.9M 2022 −21% 2023: $6.6M $6.6M 2023 +35% 2024: $4.4M $4.4M 2024 −33% Free cash flow4 2 $335.5M in 2024+590% since 2021 0 $100.0M $200.0M $300.0M $400.0M 2021: $48.6M $48.6M 2021 2022: $14.9M $14.9M 2022 −69% 2023: $292.6M $292.6M 2023 +1863% 2024: $335.5M $335.5M 2024 +15% Share buybacks4 2 $300.0M in 20240 $100.0M $200.0M $300.0M 2021: $0 $0 2021 2022: $0 $0 2022 2023: $100.0M $100.0M 2023 2024: $300.0M $300.0M 2024 +200%
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2020 2021 2022 2023 2024 Cash from operations $54.8M4 $19.8M2 $299.2M2 $339.9M2 Capital spending $6.2M4 $4.9M2 $6.6M2 $4.4M2 Free cash flow $48.6M $14.9M $292.6M $335.5M Share buybacks $04 $02 $100.0M2 $300.0M2
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