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Financials (2026)
Revenue
$955M
Revenue Growth YoY
25.8%
EBITDA
negative
Net Income
$-59M
Stock Price
—
Market Cap
—
Stock-Based Compensation (2026)
SBC Expense
$215M
SBC % of Revenue
22.5%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
—
Unrecognized SBC
—
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2026 $215M $955M $-67M 22.5% neg 25.8% — $-59M 82,285,361 — — — —
2025 $186M $759M $-140M 24.5% neg 30.9% — $-9M 81,907,304 — — — —
2024 $163M $580M $-183M 28.1% neg 36.7% $0 $-430M 77,479,908 — — — —
2023 $123M $424M $-208M 28.9% neg 68.0% $0 $-182M 76,956,889 — — — —
2022 $30M $253M $-128M 11.9% neg 66.0% $590K $-158M 76,044,629 — — — —
2021 $112M $152M $-214M 73.5% neg 87.3% $820K $-192M 76,739,896 — — — —
2020 $41M $81M $-128M 50.3% neg -78.2% $0 $-131M 67,390,980 — — — —
2019 $4M $372M $46M 1.0% 7.9% -1.1% $2M $-34M 67,060,943 — — — —
2018 $2M $376M $36M 0.4% 4.6% -1.7% $0 $-18M 67,038,304 — — — —
2017 $1M $382M $49M 0.3% 2.1% 11.1% $0 $4M 73,110,114 — — — —
2016 IPO $2M $344M $41M 0.7% 5.7% — — $20M — — — — —