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Our Business We are a United States ("U.S.") designer, developer, and operator of next-generation data center infrastructure across North America. We provide data center infrastructure solutions to the rapidly growing industries of high-performance computing ("HPC") and artificial intelligence ("AI").
$47.94
+$0.66 (+1.40%)
Price from 2 days ago
The business is unprofitable at the operating level (-11.68% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 5.5%, steady but not accelerating.
Negative free cash flow of -$797M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$338M
▲ +5.5% YoY
Net Income (TTM)
-$187M
▼ -56.5% YoY
Op. Margin
-44.21%
▲ +12.4pp YoY
ROIC
-9.00%
▲ +7.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1.81B
▼ -522.6% YoY
Op. Cash Flow (TTM)
-$36M
▼ -936.6% YoY
Net Debt
-$1.50B
Net Cash Position
Cash & Equiv.
$1.73B
3Y CAGR: +156.5%
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