Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Digital Wholesale | 996.3 | 314.4 | | | | | | |
| Other | 44.6 | 42.3 | 31.6 | | | | | |
| U.S. Marketplace | 614.1 | 594.6 | 519.8 | | | | | |
| Non-US | | | | 33.9 | | | | |
| Other | | | | 555.0 | | | | |
| Total revenues | 1,655.0 | 951.4 | 551.5 | 588.9 | 454.1 | 316.9 | 0.0 | 98.6 |
| Revenue growth [+] | 74.0% | 72.5% | -6.4% | 29.7% | 43.3% | | -100.0% | |
| Digital Wholesale | 216.8% | | | | | | | |
| Other | 5.4% | 33.9% | | | | | | |
| U.S. Marketplace | 3.3% | 14.4% | | | | | | |
| Cost of goods sold | 997.5 | 294.0 | 42.7 | 36.3 | 24.8 | 17.6 | 9.6 | 4.2 |
| Gross profit | 657.6 | 657.4 | 508.7 | 552.6 | 429.3 | 299.3 | -9.6 | 94.4 |
| Gross margin | 39.7% | 69.1% | 92.3% | 93.8% | 94.5% | 94.4% | | 95.7% |
| Selling, general and administrative [+] | 336.7 | 290.6 | 257.0 | 393.8 | 355.4 | 258.9 | 166.9 | 87.7 |
| Sales and marketing | 336.7 | 290.6 | 257.0 | 393.8 | 315.9 | 236.2 | 154.1 | 81.9 |
| General and administrative | | | | | 39.5 | 22.7 | 12.8 | 5.8 |
| Research and development | | | | | 47.9 | 22.5 | 11.5 | 8.2 |
| Other operating expenses | 212.4 | 218.5 | 154.0 | 115.7 | | | -198.1 | |
| Adjusted EBITDA | | | | | 49.0 | 24.1 | 11.0 | -0.4 |
| Adjusted EBITDA margin | | | | | 10.8% | 7.6% | | -0.4% |
| Stock-based compensation | | | | | 20.8 | 5.0 | 0.3 | 1.0 |
| EBITDA [+] | 124.0 | 162.7 | 103.9 | 47.6 | 28.2 | 19.1 | 10.6 | -1.4 |
| EBITDA growth | -23.8% | 56.6% | 118.0% | 68.8% | 48.0% | 79.2% | -857.0% | |
| EBITDA margin | 7.5% | 17.1% | 18.8% | 8.1% | 6.2% | 6.0% | | -1.4% |
| Depreciation | -15.2 | -15.7 | 4.1 | 3.9 | 5.0 | 3.8 | 2.1 | 1.1 |
| EBITA | 139.2 | 178.4 | 99.7 | 43.7 | 23.2 | 15.3 | 8.6 | -2.5 |
| EBITA margin | 8.4% | 18.8% | 18.1% | 7.4% | 5.1% | 4.8% | | -2.6% |
| Amortization of intangibles | 30.7 | 30.2 | 2.0 | 0.6 | | | | |
| EBIT [+] | 108.5 | 148.3 | 97.8 | 43.1 | 23.2 | 15.3 | 8.6 | -2.5 |
| EBIT growth | -26.8% | 51.7% | 126.9% | 85.8% | 51.8% | 78.2% | -439.0% | |
| EBIT margin | 6.6% | 15.6% | 17.7% | 7.3% | 5.1% | 4.8% | | -2.6% |
| Interest income, net [+] | 3.8 | 0.1 | 1.1 | 3.0 | 2.3 | 0.9 | 0.4 | |
| Interest expense | | | | | | | | 0.0 |
| Interest income | 3.8 | 0.1 | 1.1 | 3.0 | 2.3 | 0.9 | 0.4 | |
| Other income (expense), net | -1.0 | 1.0 | 0.3 | -7.4 | 0.0 | -0.3 | 0.0 | |
| Pre-tax income | 111.4 | 149.4 | 99.1 | 38.7 | 25.5 | 15.8 | 8.9 | -2.5 |
| Income taxes | 32.4 | 39.0 | 21.6 | -3.4 | -39.7 | 2.6 | 2.4 | -0.9 |
| Tax rate | 29.1% | 26.1% | 21.8% | | | 16.7% | 27.4% | 35.6% |
| Net income | 84.4 | 109.2 | 77.6 | 42.1 | 65.2 | 7.4 | -25.6 | -17.6 |
| Net margin | 5.1% | 11.5% | 14.1% | 7.2% | 14.4% | 2.3% | | -17.8% |
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| Basic EPS [+] | $0.71 | $0.93 | $0.69 | $0.38 | $0.60 | $0.13 | ($0.58) | ($0.41) |
| Growth | -23.6% | 35.7% | 81.7% | -36.8% | 353.7% | -122.8% | 42.4% | |
| Diluted EPS [+] | $0.66 | $0.93 | $0.68 | $0.37 | $0.57 | $0.12 | ($0.58) | ($0.41) |
| Growth | -29.4% | 36.9% | 83.3% | -35.4% | 373.0% | -121.0% | 42.4% | |
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| Shares outstanding (basic) [+] | 118.5 | 117.1 | 112.9 | 111.5 | 108.8 | 55.8 | 44.1 | 43.1 |
| Growth | 1.1% | 3.8% | 1.3% | 2.4% | 94.9% | 26.5% | 2.3% | |
| Shares outstanding (diluted) [+] | 128.2 | 117.1 | 113.8 | 113.4 | 113.4 | 60.6 | 44.1 | 43.1 |
| Growth | 9.4% | 2.9% | 0.4% | 0.1% | 87.0% | 37.4% | 2.3% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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