Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses —318.73 M338.24 M194.71 M168.48 M239.22 M 239.22 M Research & development —105.16 M86.2 M58.27 M45.72 M72.03 M 72.03 M Operating income —-446.15 M-667.65 M-180.6 M-23.21 M-13.08 M -13.08 M Non-Operating Income, Total —200.76 M69.62 M3.9 M-29.42 M-8.06 M -8.06 M Interest expense, net of interest capitalized —2.83 M3.21 M1.04 M1.46 M1.34 M — Non-Operating Income, excl. Interest Expenses —192.81 M66.36 M1.24 M-17.86 M-5.09 M -3.74 M Unusual income/expense —5.11 M57 K1.62 M-13.01 M-4.32 M -4.32 M Pretax income —-245.39 M-598.03 M-176.69 M-52.63 M-21.14 M -21.14 M Equity in earnings —————— — Taxes —0-49.05 M-926 K-343 K-116 K -116 K Non-controlling/minority interest —————— — After tax other income/expense —————— — Net income before discontinued operations —-245.39 M-548.98 M-175.77 M-52.29 M-21.02 M -21.02 M Discontinued operations —————— — Net income —-245.39 M-548.98 M-175.77 M-52.29 M-21.02 M -21.02 M Dilution adjustment —0———— — Preferred dividends —0———— — Diluted net income available to common stockholders —-245.39 M-548.98 M-175.77 M-52.29 M-21.02 M -21.02 M Basic earnings per share (Basic EPS) —-74.91-53.79-7.23-1.94-0.73 -0.73 Diluted earnings per share (Diluted EPS) —-74.91-53.79-7.23-1.94-0.73 -0.73 Average basic shares outstanding —3.28 M10.24 M24.31 M26.89 M28.64 M 113.66 M Diluted shares outstanding —3.28 M10.24 M24.31 M26.89 M28.64 M 114.94 M EBITDA —-418.68 M-631.71 M-159.38 M-15.3 M-9.94 M -9.48 M EBIT —-440.49 M-691.02 M-179.08 M-23.2 M-19.54 M -19.08 M Cost of revenue —228.8 M261.44 M112.56 M111.05 M129.37 M 129.37 M Other cost of goods sold —2.13 M1.13 M3.91 M180 K135 K — Depreciation & amortization (cash flow) —21.81 M59.31 M19.7 M7.9 M9.6 M 9.6 M