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Financials (2026)
Revenue
$2.9B
Revenue Growth YoY
11.8%
EBITDA
$162M
Net Income
$235M
Stock Price
—
Market Cap
—
Stock-Based Compensation (2026)
SBC Expense
$544M
SBC % of Revenue
18.6%
SBC % of EBITDA
335.8%
SBC % of Market Cap
—
Buybacks
$0
Unrecognized SBC
—
SBC % of Revenue — Historical
SBC vs Buybacks ($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 $544M $2.9B $162M 18.6% 335.8% 11.8% $0 $235M 310,000,000 — — — —
2025 $565M $2.6B $-61M 21.6% neg 15.3% $0 $28M 310,000,000 — — — —
2024 $684M $2.3B $-504M 30.2% neg 21.8% $7M $-355M 308,000,000 — — — —
2023 $677M $1.9B $-800M 36.4% neg 42.9% $0 $-815M 301,000,000 — — — —
2022 $566M $1.3B $-756M 43.5% neg 55.7% $0 $-848M 293,000,000 — — — —
2021 $195M $835M $-195M 23.4% neg 42.5% $175M $-266M 155,000,000 — — — —
2020 $127M $586M $-177M 21.6% neg 46.8% $359M $-209M 114,216,093 — — — —
2019 $76M $399M $-114M 19.1% neg 55.6% $0 $-125M 112,225,315 — — — —
2018 $50M $257M $-108M 19.4% neg 59.5% $0 $-110M 104,657,019 — — — —
2017 $17M $161M $-72M 10.7% neg 87.2% — $-75M — — — — —
2016 IPO $10M $86M $-75M 11.4% neg — — $-76M — — — — —