Revenues as Reported
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of the annual revenue data reveals a consistent and substantial growth across both regional segments and overall revenue over the examined five-year period.
- North America Revenue
- The revenue from North America has shown a strong upward trend. Starting at approximately 450 million US dollars in 2020, it increased steadily each year, reaching nearly 1.87 billion US dollars by 2024. This represents a compounded growth, reflecting continuous market expansion and increasing sales volume or pricing power in this region.
- International Revenue
- The international segment also exhibited notable growth. Beginning at roughly 154 million US dollars in 2020, revenues more than quintupled to nearly 810 million US dollars by 2024. This indicates successful penetration into international markets and suggests that the company is effectively scaling its operations beyond North America.
- Total Revenue
- Aggregating North American and international revenues, the total revenue demonstrates a robust growth trajectory. From about 603 million US dollars in 2020, the total revenue nearly quadrupled over the five years, reaching approximately 2.68 billion US dollars in 2024. The data indicates a strong overall business expansion supported by significant contributions from both geographic regions.
- Growth Patterns and Insights
- The growth rates in both regions suggest a well-balanced expansion strategy, with the international segment growing at a higher relative rate, though starting from a smaller base. The North American market remains the dominant revenue source but shows a steady increase, while the international markets contribute an increasing share of total revenue over time. This diversification may reduce geographic risk and provide new growth opportunities.