Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 1.7b | 2.6b | 2.8b | 3.1b | 3.6b | 4.2b | 4.9b |
% growth | 48 % | 52 % | 9 % | 9 % | 19 % | 17 % | 16 % |
EBITDA | (89.4m) | 358m | (24.2m) | (104m) | 951m | 1.2b | 1.6b |
% EBITDA margin | (5 %) | 14 % | (1 %) | (3 %) | 26 % | 29 % | 33 % |
Profit | (128m) | 316m | (96.0m) | (35.6m) | 266m | 453m | 694m |
% profit margin | (8 %) | 12 % | (3 %) | (1 %) | 7 % | 11 % | 14 % |
EV / revenue | 23.0x | 8.2x | 4.9x | 7.3x | 5.2x | 4.4x | 3.5x |
EV / EBITDA | -435.9x | 59.3x | -567.9x | -215.7x | 19.8x | 14.9x | 10.8x |
R&D budget | 606m | 780m | 949m | 1.1b | - | - | - |
R&D % of revenue | 36 % | 30 % | 34 % | 35 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$600k | Seed | ||
$500k | Seed | ||
N/A | Seed | ||
$10.0m Valuation: $40.0m | Series A | ||
$27.0m Valuation: $200m | Series B | ||
$100m Valuation: $1.5b | Series C | ||
$200m Valuation: $2.5b | Series D | ||
$225m Valuation: $3.8b | Series E | ||
$200m Valuation: $5.0b | Series F | ||
$367m | Series G | ||
$186m Valuation: $11.2b | Series G | ||
N/A | Secondary | ||
N/A | - | ||
N/A | N/A | Secondary | |
* | N/A | $150m Valuation: $12.3b | Late VC |
$20.0m | Early VC | ||
N/A | Secondary | ||
N/A | $1.4b Valuation: $10.0b 13.2x EV/LTM Revenues -245.6x EV/LTM EBITDA | IPO | |
* | N/A | Post IPO Equity | |
* | $148m | Post IPO Equity | |
Total Funding | €1.4b |
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