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| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| Revenue | — | 21,659 | 19,850 | 18,378 | 17,687 |
| Net income | — | 7,797 | 2,290 | 2,902 | 3,241 |
| Gross margin | — | 60.2% | 73.4% | 77.4% | 79.8% |
| Operating margin | — | 22.5% | 23.5% | 29.6% | 32.2% |
| Net margin | — | 36.0% | 11.5% | 15.8% | 18.3% |
| EPS | 2.99 | 9.75 | 2.84 | — | 3.26 |
| Free cash flow | — | 6 | -514 | -2,498 | -2,746 |
| Net debt | — | 40,254 | 42,825 | 40,608 | 43,927 |
| P/E | — | — | — | — | — |
A what-if tool for a 5–10 year investor, not an answer: change the assumptions and see what they do.
No positive free cash flow or share count — DCF makes no sense here (loss-making company).