Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.9B | $6.6B | $8.6B | $10.7B | $13.7B |
| YoY | — | +34.7% | +31.2% | +24.2% | +27.9% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $430.0M | $829.0M | $1.0B | $1.2B | $1.4B |
| YoY | — | +92.8% | +21.0% | +16.5% | +22.5% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-452.0M | $-1.1B | $-579.0M | $-38.0M | $723.0M |
| YoY | — | -148.7% | +48.5% | +93.4% | +2002.6% |
| Pretax income | $-463.0M | $-1.4B | $-534.0M | $156.0M | $939.0M |
| YoY | — | -202.2% | +61.8% | +129.2% | +501.9% |
| Income tax | $5.0M | $-31.0M | $31.0M | $39.0M | $7.0M |
| YoY | — | -720.0% | +200.0% | +25.8% | -82.1% |
| Net income | $-468.0M | $-1.4B | $-558.0M | $123.0M | $935.0M |
| YoY | — | -191.7% | +59.1% | +122.0% | +660.2% |
| EPS — basic | $-1.39 | $-3.68 | $-1.42 | $0.30 | $2.19 |
| YoY | — | -164.7% | +61.4% | +121.1% | +630.0% |
| EPS — diluted | $-1.39 | $-3.68 | $-1.42 | $0.29 | $2.13 |
| YoY | — | -164.7% | +61.4% | +120.4% | +634.5% |
| Weighted shares — basic | 336.8M | 371.4M | 392.9M | 411.6M | 427.0M |
| Weighted shares — diluted | 336.8M | 371.4M | 392.9M | 430.2M | 439.7M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $2.5B | $2.0B | $2.7B | $4.0B | $4.4B |
| YoY | — | -21.0% | +34.3% | +51.3% | +8.9% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $349.0M | $400.0M | $533.0M | $732.0M | $1.1B |
| YoY | — | +14.6% | +33.2% | +37.3% | +51.4% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $4.6B | $4.7B | $5.6B | $7.4B | $8.6B |
| YoY | — | +3.4% | +18.6% | +32.0% | +17.0% |
| Total assets | $6.8B | $9.8B | $10.8B | $12.8B | $19.7B |
| YoY | — | +43.8% | +10.7% | +18.5% | +53.0% |
| Total current liabilities | $1.8B | $2.5B | $3.4B | $4.4B | $6.1B |
| YoY | — | +44.5% | +34.0% | +30.1% | +38.5% |
| Total liabilities | $2.1B | $3.0B | $4.0B | $5.0B | $9.6B |
| YoY | — | +41.0% | +33.3% | +25.1% | +90.9% |
| Total equity | $4.7B | $6.8B | $6.8B | $7.8B | $10.0B |
| YoY | — | +44.7% | +0.8% | +14.6% | +28.6% |
| Shares outstanding | — | — | — | — | — |
| YoY | — | — | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $692.0M | $367.0M | $1.7B | $2.1B | $2.4B |
| YoY | — | -47.0% | +355.9% | +27.4% | +14.0% |
| Capital expenditures | $129.0M | $176.0M | $123.0M | $104.0M | $257.0M |
| YoY | — | +36.4% | -30.1% | -15.4% | +147.1% |
| Free cash flow | $563.0M | $191.0M | $1.6B | $2.0B | $2.2B |
| YoY | — | -66.1% | +711.5% | +30.8% | +7.2% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $400.0M | $750.0M | $224.0M | $0 |
| YoY | — | — | +87.5% | -70.1% | -100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | -9.2% | -17.1% | -6.7% | -0.4% | 5.3% |
| Net margin | -9.6% | -20.7% | -6.5% | 1.1% | 6.8% |
| Free cash flow margin | 11.5% | 2.9% | 18.0% | 18.9% | 15.8% |
| Effective tax rate | -1.1% | 2.2% | -5.8% | 25.0% | 0.7% |
| Current ratio | 2.59x | 1.86x | 1.64x | 1.66x | 1.41x |
| Total liabilities / equity | 0.46x | 0.45x | 0.59x | 0.65x | 0.96x |
Peer comparison — latest full year
Same sector (Consumer Discretionary), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| DASH FY25 · this stock | $13.7B | +27.9% | — | 5.3% | 6.8% | 15.8% |
| AMZN FY25 | $716.9B | +12.4% | — | 11.2% | 10.8% | — |
| GM FY25 | $185.0B | -1.3% | — | 1.6% | 1.5% | 9.5% |
| F FY24 | $185.0B | +5.0% | — | 2.8% | — | — |
| HD FY26 | $164.7B | +3.2% | 33.3% | 12.7% | 8.6% | — |
| TSLA FY25 | $94.8B | -2.9% | 18.0% | 4.6% | 4.0% | 6.6% |
| LOW FY26 | $86.3B | +3.1% | 33.5% | 11.8% | 7.7% | 8.9% |
| NKE FY26 | $46.4B | +0.2% | 42.9% | — | 6.7% | 4.7% |
| SBUX FY25 | $37.2B | +2.8% | — | 7.9% | 5.0% | 6.6% |
| MCD FY25 | $26.9B | +3.7% | — | 46.1% | 31.9% | 26.7% |
| MAR FY25 | $26.2B | +4.3% | — | 15.8% | 9.9% | — |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.