Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.
Show tableHide table
| Period | Market cap |
|---|---|
| FY2017, ended Dec 31, 2017 | — |
| FY2018, ended Dec 31, 2018 | — |
| FY2019, ended Dec 31, 2019 | $11.2B |
| FY2020, ended Dec 31, 2020 | $30.2B |
| FY2021, ended Dec 31, 2021 | $55.9B |
| FY2022, ended Dec 31, 2022 | $23.5B |
| FY2023, ended Dec 31, 2023 | $40.3B |
| FY2024, ended Dec 31, 2024 | $49.0B |
| FY2025, ended Dec 31, 2025 | $47.9B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $93.5B |
Revenue
By fiscal year, then the trailing 12 months
Show tableHide table
| Period | Revenue |
|---|---|
| FY2017, ended Dec 31, 2017 | $101M |
| FY2018, ended Dec 31, 2018 | $198M |
| FY2019, ended Dec 31, 2019 | $363M |
| FY2020, ended Dec 31, 2020 | $603M |
| FY2021, ended Dec 31, 2021 | $1.03B |
| FY2022, ended Dec 31, 2022 | $1.68B |
| FY2023, ended Dec 31, 2023 | $2.13B |
| FY2024, ended Dec 31, 2024 | $2.68B |
| FY2025, ended Dec 31, 2025 | $3.43B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $3.97B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.
Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Dec 31, 2017 | −$2.57M | $11.5M |
| FY2018, ended Dec 31, 2018 | −$10.8M | $1.17M |
| FY2019, ended Dec 31, 2019 | −$16.7M | $10.9M |
| FY2020, ended Dec 31, 2020 | −$24.5M | $104M |
| FY2021, ended Dec 31, 2021 | −$20.7M | $277M |
| FY2022, ended Dec 31, 2022 | −$50.2M | $383M |
| FY2023, ended Dec 31, 2023 | $48.6M | $632M |
| FY2024, ended Dec 31, 2024 | $184M | $836M |
| FY2025, ended Dec 31, 2025 | $108M | $1.00B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $178M | $1.18B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.
Show tableHide table
| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Dec 31, 2017 | $60.0M |
| FY2018, ended Dec 31, 2018 | $53.6M |
| FY2019, ended Dec 31, 2019 | $597M |
| FY2020, ended Dec 31, 2020 | $225M |
| FY2021, ended Dec 31, 2021 | $271M |
| FY2022, ended Dec 31, 2022 | $339M |
| FY2023, ended Dec 31, 2023 | $330M |
| FY2024, ended Dec 31, 2024 | $1.25B |
| FY2025, ended Dec 31, 2025 | $401M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $435M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.
Show tableHide table
| Period | Total debt |
|---|---|
| FY2017, ended Dec 31, 2017 | — |
| FY2018, ended Dec 31, 2018 | — |
| FY2019, ended Dec 31, 2019 | — |
| FY2020, ended Dec 31, 2020 | $576M |
| FY2021, ended Dec 31, 2021 | $735M |
| FY2022, ended Dec 31, 2022 | $739M |
| FY2023, ended Dec 31, 2023 | $742M |
| FY2024, ended Dec 31, 2024 | $1.61B |
| FY2025, ended Dec 31, 2025 | $983M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $986M |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 486% since FY17.
Show tableHide table
| Period | Shares outstanding |
|---|---|
| FY2017, ended Dec 31, 2017 | 61.3M |
| FY2018, ended Dec 31, 2018 | 78.2M |
| FY2019, ended Dec 31, 2019 | 297M |
| FY2020, ended Dec 31, 2020 | 306M |
| FY2021, ended Dec 31, 2021 | 314M |
| FY2022, ended Dec 31, 2022 | 320M |
| FY2023, ended Dec 31, 2023 | 332M |
| FY2024, ended Dec 31, 2024 | 343M |
| FY2025, ended Dec 31, 2025 | 353M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 359M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.
Show tableHide table
| Period | Paid to employees | Used in acquisitions |
|---|---|---|
| FY2017, ended Dec 31, 2017 | $3.07M | — |
| FY2018, ended Dec 31, 2018 | $5.24M | — |
| FY2019, ended Dec 31, 2019 | $19.0M | — |
| FY2020, ended Dec 31, 2020 | $74.4M | — |
| FY2021, ended Dec 31, 2021 | $164M | $57.7M |
| FY2022, ended Dec 31, 2022 | $363M | $14.0M |
| FY2023, ended Dec 31, 2023 | $482M | $1.89M |
| FY2024, ended Dec 31, 2024 | $570M | $3.71M |
| FY2025, ended Dec 31, 2025 | $751M | $53.0M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $823M | $75.3M |
Valuation
At current price- Market Cap
- $101B
- P/E
- 568×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 25.4×
- Price / Book
- 23.1×
- EV / EBITDA
- 1294×
Growth
Trailing 12 months- Revenue (TTM)
- $3.97B
- Revenue Growth YoY
- 31.5%
- Revenue CAGR 3Y
- 26.9%
- Revenue CAGR 5Y
- 41.5%
- EPS Growth YoY
- 38.9%
- Net Income Growth YoY
- 42.5%
Profitability
Trailing 12 months- Gross Margin
- 79.5%
- Operating Margin
- 0.4%
- Net Margin
- 4.5%
- FCF Margin
- 29.8%
- Return on Equity
- 4.7%
Earnings
Trailing 12 months- Net Income
- $178M
- EPS (diluted)
- $0.50
- EBITDA
- $78.3M
- Operating Income
- $16.3M
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $435M
- Total Debt
- $986M
- Net Debt
- $551M
- Total Assets
- $7.55B
- Total Liabilities
- $3.18B
- Shareholders' Equity
- $4.37B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.23B
- Capital Expenditure
- $46.9M
- Free Cash Flow
- $1.18B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.51
Every ratio is calculated from the company’s reported figures.