Revenue (LTM)
$2.8B
+33.5% YoY
Net Income (LTM)
$125M
-66.9% YoY
Watch on earnings:Annual Recurring Revenue (ARR) and ARR growth rateCloud & Services revenue growth (target 35-40% annually)Future contracted revenue (backlog) and booking strengthGross margin by segment (cloud approaching 75%+, sensors improving)Net revenue retention rate (upsell/cross-sell effectiveness)International revenue growth and penetration rates Key metrics:Annual Recurring Revenue (ARR) and quarterly sequential growth · Cloud & Services revenue growth rate (target 35-40% annually) · Gross margin by segment and overall trajectory toward 65%+ · Future contracted revenue (backlog) as leading indicator
Income Statement
| Metric | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|
| Revenue | 863 | 1,190↑37.8% | 1,561↑31.2% | 2,083↑33.4% | 2,780↑33.5% |
| Gross Profit | 531 | 729↑37.2% | 955↑31.1% | 1,241↑29.9% | 1,658↑33.6% |
| Operating Income | -167 | 93↑155.9% | 159↑71.0% | 59↓63.3% | -62↓206.0% |
| Net Income | -60 | 147↑345.2% | 176↑19.5% | 377↑114.5% | 125↓66.9% |
| EBITDA | -117 | 228↑294.4% | 183↓19.4% | 437↑138.3% | 196↓55.1% |
| EPS Diluted | -0.91 | 2.03↑323.1% | 2.33↑14.8% | 4.80↑106.0% | 1.51↓68.5% |
Balance Sheet
⚠ Operating margin compression (currently 2.8%) from aggressive R&D spending could persist longer than expected if AI monetization disappoints| Metric | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|
| Cash & Equivalents | 356 | 354↓0.7% | 599↑69.2% | 455↓24.0% | 1,201↑164.1% |
| Total Current Assets | 1,109 | 1,805↑62.7% | 2,394↑32.6% | 2,297↓4.0% | 3,713↑61.6% |
| Total Assets | 1,688 | 2,852↑68.9% | 3,409↑19.5% | 4,475↑31.3% | 7,000↑56.4% |
| Total Current Liabilities | 419 | 603↑44.0% | 762↑26.4% | 1,678↑120.3% | 1,470↓12.4% |
| Total Liabilities | 640 | 1,583↑147.3% | 1,793↑13.3% | 2,147↑19.7% | 3,758↑75.0% |
| Total Equity | 1,048 | 1,268↑21.1% | 1,612↑27.1% | 2,328↑44.4% | 3,243↑39.3% |
| Total Debt | 20 | 711↑3379.0% | 711↓0.1% | 1,402↑97.3% | 1,910↑36.2% |
| Net Debt | -336 | 357↑206.4% | 112↓68.6% | 947↑744.8% | 709↓25.2% |
Cash Flow Statement
| Metric | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|
| Operating Cash Flow | 124 | 235↑89.1% | 189↓19.6% | 408↑115.7% | 211↓48.2% |
| Capital Expenditure | -50 | -56↓11.6% | -60↓6.3% | -79↓32.1% | -136↓72.9% |
| Free Cash Flow | 74 | 179↑141.5% | 129↓28.0% | 330↑155.5% | 75↓77.2% |
| Stock-Based Comp | 303 | 106↓65.0% | 131↑23.7% | 383↑191.3% | 634↑65.8% |
| Net Change in Cash | 201 | -1↓100.4% | 245↑27765.7% | -134↓154.6% | 747↑657.6% |
Values in millions except EPS · Ratios shown as percentages · Click any metric to drill down