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 | $1.9B | $2.2B | $2.8B | $3.6B | $4.9B |
| YoY | — | +15.9% | +25.8% | +28.7% | +35.8% |
| Cost of goods sold | $496.9M | $547.7M | $649.1M | $801.2M | $1.1B |
| YoY | — | +10.2% | +18.5% | +23.4% | +33.8% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $533.2M | $873.5M | $1.3B | $1.4B | $1.6B |
| YoY | — | +63.8% | +43.5% | +15.2% | +8.6% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-495.1M | $-923.8M | $-1.3B | $-1.1B | $-1.2B |
| YoY | — | -86.6% | -36.3% | +15.6% | -15.9% |
| Pretax income | $-503.8M | $-930.6M | $-1.2B | $-936.5M | $-1.1B |
| YoY | — | -84.7% | -24.5% | +19.2% | -14.0% |
| Income tax | $-300K | $3.6M | $500K | $4.1M | $3.6M |
| YoY | — | +1300.0% | -86.1% | +720.0% | -12.2% |
| Net income | $-491.7M | $-924.4M | $-1.2B | $-935.4M | $-1.1B |
| YoY | — | -88.0% | -24.6% | +18.8% | -13.9% |
| EPS — basic | $-0.97 | $-1.55 | $-1.87 | $-1.44 | $-1.54 |
| YoY | — | -59.8% | -20.6% | +23.0% | -6.9% |
| EPS — diluted | $-0.97 | $-1.55 | $-1.87 | $-1.44 | $-1.54 |
| YoY | — | -59.8% | -20.6% | +23.0% | -6.9% |
| Weighted shares — basic | 505.9M | 595.6M | 616.4M | 647.5M | 689.6M |
| Weighted shares — diluted | 505.9M | 595.6M | 616.4M | 647.5M | 689.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $3.0B | $3.0B | $678.5M | $711.7M | $1.2B |
| YoY | — | -0.9% | -77.2% | +4.9% | +69.3% |
| Marketable securities (current) | — | — | $1.5B | $1.7B | $1.9B |
| YoY | — | — | — | +12.1% | +9.0% |
| Accounts receivable | $307.3M | $379.4M | $505.8M | $614.8M | $901.0M |
| YoY | — | +23.5% | +33.3% | +21.6% | +46.6% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.7B | $3.8B | $3.3B | $3.7B | $4.9B |
| YoY | — | +2.4% | -14.7% | +13.8% | +31.4% |
| Total assets | $4.6B | $5.4B | $6.2B | $7.2B | $9.6B |
| YoY | — | +17.9% | +14.7% | +16.3% | +33.2% |
| Total current liabilities | $2.2B | $2.5B | $3.1B | $3.7B | $5.1B |
| YoY | — | +14.5% | +23.0% | +20.0% | +39.9% |
| Total liabilities | $4.0B | $5.1B | $6.1B | $7.0B | $9.2B |
| YoY | — | +27.8% | +20.3% | +14.2% | +31.8% |
| Total equity | $584.8M | $306.0M | $76.3M | $221.4M | $394.0M |
| YoY | — | -47.7% | -75.1% | +190.2% | +78.0% |
| Shares outstanding | 585.9M | 604.7M | 631.2M | 666.4M | 708.4M |
| YoY | — | +3.2% | +4.4% | +5.6% | +6.3% |
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 | $659.1M | $369.3M | $458.2M | $822.3M | $1.8B |
| YoY | — | -44.0% | +24.1% | +79.5% | +118.5% |
| Capital expenditures | $93.3M | $426.2M | $320.7M | $179.6M | $441.0M |
| YoY | — | +356.8% | -24.8% | -44.0% | +145.5% |
| Free cash flow | $565.8M | $-56.9M | $137.5M | $642.7M | $1.4B |
| YoY | — | -110.1% | +341.7% | +367.4% | +110.9% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | -25.8% | -41.5% | -45.0% | -29.5% | -25.2% |
| Net margin | -25.6% | -41.5% | -41.1% | -26.0% | -21.8% |
| Free cash flow margin | 29.5% | -2.6% | 4.9% | 17.8% | 27.7% |
| Effective tax rate | 0.1% | -0.4% | -0.0% | -0.4% | -0.3% |
| Current ratio | 1.73x | 1.55x | 1.07x | 1.02x | 0.96x |
| Total liabilities / equity | 6.78x | 16.57x | 79.94x | 31.46x | 23.30x |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| RBLX FY25 · this stock | $4.9B | +35.8% | — | -25.2% | -21.8% | 27.7% |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
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.