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 | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| YoY | — | +82.6% | +17.0% | +18.0% | +18.3% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $2.1B | $2.8B | $3.2B | $3.1B | $3.4B |
| YoY | — | +36.2% | +13.1% | -1.7% | +9.4% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-3.8B | $-1.8B | $1.1B | $2.8B | $5.6B |
| YoY | — | +52.2% | +160.6% | +152.2% | +98.8% |
| Pretax income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Income tax | $-492.0M | $-181.0M | $213.0M | $-5.8B | $-4.3B |
| YoY | — | +63.2% | +217.7% | -2803.3% | +24.5% |
| Net income | $-496.0M | $-9.1B | $1.9B | $9.9B | $10.1B |
| YoY | — | -1742.9% | +120.6% | +422.3% | +2.0% |
| EPS — basic | $-0.26 | $-4.64 | $0.93 | $4.71 | $4.82 |
| YoY | — | -1684.6% | +120.0% | +406.5% | +2.3% |
| EPS — diluted | $-0.29 | $-4.65 | $0.87 | $4.56 | $4.73 |
| YoY | — | -1503.4% | +118.7% | +424.1% | +3.7% |
| Weighted shares — basic | 1.89B | 1.97B | 2.04B | 2.09B | 2.09B |
| Weighted shares — diluted | 1.90B | 1.97B | 2.09B | 2.15B | 2.12B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $4.3B | $4.2B | $4.7B | $5.9B | $7.1B |
| YoY | — | -2.0% | +11.2% | +25.9% | +20.6% |
| Marketable securities (current) | $0 | $103.0M | $727.0M | $1.1B | $528.0M |
| YoY | — | — | +605.8% | +49.1% | -51.3% |
| Accounts receivable | $2.4B | $2.8B | $3.4B | $3.3B | $3.8B |
| YoY | — | +13.9% | +22.5% | -2.1% | +14.8% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $8.8B | $9.2B | $11.3B | $12.2B | $14.0B |
| YoY | — | +4.9% | +22.1% | +8.4% | +14.3% |
| Total assets | $38.8B | $32.1B | $38.7B | $51.2B | $61.8B |
| YoY | — | -17.2% | +20.5% | +32.4% | +20.6% |
| Total current liabilities | $9.0B | $8.9B | $9.5B | $11.5B | $12.3B |
| YoY | — | -1.9% | +6.8% | +21.4% | +7.4% |
| Total liabilities | $23.4B | $23.6B | $26.0B | $28.8B | $33.7B |
| YoY | — | +0.8% | +10.2% | +10.6% | +17.2% |
| Total equity | $14.5B | $7.3B | $11.2B | $21.6B | $27.0B |
| YoY | — | -49.2% | +53.3% | +91.6% | +25.4% |
| Shares outstanding | 1.95B | 2.01B | 2.07B | 2.11B | 2.07B |
| YoY | — | +2.9% | +3.3% | +1.8% | -1.9% |
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 | $-445.0M | $642.0M | $3.6B | $7.1B | $10.1B |
| YoY | — | +244.3% | +458.4% | +99.1% | +41.5% |
| Capital expenditures | $298.0M | $252.0M | $223.0M | $242.0M | $336.0M |
| YoY | — | -15.4% | -11.5% | +8.5% | +38.8% |
| Free cash flow | $-743.0M | $390.0M | $3.4B | $6.9B | $9.8B |
| YoY | — | +152.5% | +762.1% | +105.1% | +41.6% |
| 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 | -22.0% | -5.7% | 3.0% | 6.4% | 10.7% |
| Net margin | -2.8% | -28.7% | 5.1% | 22.4% | 19.3% |
| Free cash flow margin | -4.3% | 1.2% | 9.0% | 15.7% | 18.8% |
| Effective tax rate | — | — | — | — | — |
| Current ratio | 0.98x | 1.04x | 1.19x | 1.07x | 1.14x |
| Total liabilities / equity | 1.62x | 3.22x | 2.31x | 1.33x | 1.25x |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| UBER FY25 · this stock | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
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.