Overview Financials News + Filings Key Docs Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| 10-K | 10-K | 10-K | 10-K |
Revenues | 2,731.0 | 1,705.0 | 823.0 | 665.0 |
Revenue growth | 60.2% | 107.2% | 23.8% | |
Cost of goods sold [+] | 2,220.0 | 1,391.0 | 683.0 | 603.0 |
Amortization of intangibles | 5.0 | 4.0 | 4.0 | 2.0 |
Gross profit | 511.0 | 314.0 | 140.0 | 62.0 |
Gross margin | 18.7% | 18.4% | 17.0% | 9.3% |
Selling, general and administrative [+] | 613.0 | 379.0 | 251.0 | 211.0 |
Sales and marketing | 319.0 | 190.0 | 138.0 | 128.0 |
General and administrative | 294.0 | 189.0 | 113.0 | 83.0 |
Research and development | 282.0 | 163.0 | 109.0 | 64.0 |
Adjusted EBITDA | -132.0 | -67.0 | -107.0 | -172.0 |
Adjusted EBITDA margin | -4.8% | -3.9% | -13.0% | -25.9% |
Stock-based compensation | 228.0 | 140.0 | 86.0 | 34.0 |
EBITDA [+] | -360.0 | -207.0 | -193.0 | -206.0 |
EBITDA growth | 73.9% | 7.3% | -6.3% | |
EBITDA margin | -13.2% | -12.1% | -23.5% | -31.0% |
Depreciation | 19.0 | 17.0 | 23.0 | 7.0 |
EBITA | -379.0 | -224.0 | -216.0 | -213.0 |
EBITA margin | -13.9% | -13.1% | -26.2% | -32.0% |
Amortization of intangibles | 5.0 | 4.0 | 4.0 | |
EBIT [+] | -384.0 | -228.0 | -220.0 | -213.0 |
EBIT growth | 68.4% | 3.6% | 3.3% | |
EBIT margin | -14.1% | -13.4% | -26.7% | -32.0% |
Interest expense, net [+] | -11.0 | 12.0 | 12.0 | -2.0 |
Interest expense | | 12.0 | 12.0 | |
Interest income | 11.0 | | | 2.0 |
Other income (expense), net [+] | 96.0 | -250.0 | -16.0 | -1.0 |
Gain (loss) on debt retirement | | -50.0 | | |
Gain (loss) on derivative instruments | | -103.0 | -7.0 | |
Unrealized gain/loss on derivatives | 95.0 | -97.0 | -8.0 | -1.0 |
Change in fair value of warrants | 95.0 | -97.0 | -8.0 | -1.0 |
Other | 1.0 | | -1.0 | |
Pre-tax income | -277.0 | -490.0 | -248.0 | -212.0 |
Income taxes | -2.0 | -3.0 | 0.0 | -3.0 |
Tax rate | 0.7% | 0.6% | 0.0% | 1.4% |
Net income | -275.0 | -487.0 | -249.0 | -209.0 |
Net margin | -10.1% | -28.6% | -30.3% | -31.4% |
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Basic EPS [+] | ($0.54) | ($1.68) | ($1.25) | ($1.07) |
Growth | -68.0% | 35.1% | 16.1% | |
Diluted EPS [+] | ($0.54) | ($1.68) | ($1.25) | ($1.07) |
Growth | -68.1% | 35.1% | 16.1% | |
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Shares outstanding (basic) [+] | 511.8 | 289.6 | 200.0 | 194.8 |
Growth | 76.7% | 44.8% | 2.7% | |
Shares outstanding (diluted) [+] | 512.2 | 289.6 | 200.0 | 194.8 |
Growth | 76.9% | 44.8% | 2.7% | |
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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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