Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | $0.86 | -$0.65 | -175.6% | — | $171M | — |
| Q4 25 | $0.63 | $0.02 | -96.8% | — | $117.1M | — |
| Q3 25 | $0.46 | $0.25 | -45.7% | — | $79.7M | — |
| Q2 25 | $0.46 | -$1.89 | -510.9% | — | — | — |
| Q1 25 | $0.68 | $2.16 | +217.6% | — | — | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | $0.9 | — | — | $356.4M | — |
| FY24 | — | $3.72 | — | — | $259M | — |
| FY23 | — | $6.54 | — | — | $161.7M | — |
| FY22 | — | — | — | — | $143.2M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $143.2M | $161.7M | $259M | $356.4M |
| YoY change | — | +13% | +60.2% | +37.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 143.2M | 161.7M | 259M | 356.4M |
| Cost of revenue | 34M | 85.8M | 124.1M | 164.4M |
| Gross profit | 109.1M | 76M | 134.9M | 192M |
| Gross margin | 76.2% | 47% | 52.1% | 53.9% |
| Research & development | — | — | — | — |
| Selling, general & administrative | 13M | 23.3M | 41.2M | 180.1M |
| Operating expenses | 13M | 23.3M | 41.2M | 180.1M |
| Operating income | 95.5M | 52.7M | 93.7M | 11.9M |
| Operating margin | 66.7% | 32.6% | 36.2% | 3.34% |
| Non-operating income, net | -24.8M | 45.9M | -22.9M | 56.9M |
| Pretax income | 68.1M | 86.7M | 49.3M | 59.1M |
| Income tax | — | 650K | — | -4.9M |
| Net income | 68.1M | 86.7M | 49.3M | 64M |
| Net margin | 47.6% | 53.6% | 19% | 17.9% |
| EBITDA | 113.9M | 107.1M | 166.6M | 114.1M |
| EPS | — | 6.54 | 3.72 | 0.9 |
| Diluted EPS | — | 1.47 | 3.72 | 0.89 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.6M | 172.6M | — | — | — | — | — | — | 79.7M | 117.1M | 154.9M | 171M |
| Cost of revenue | 18.5M | 86.3M | — | — | — | — | — | — | 41.1M | 48.1M | 57.7M | 75.7M |
| Gross profit | 10.1M | 86.2M | — | — | — | — | — | — | 38.6M | 68.9M | 97.1M | 95.3M |
| Gross margin | 35.3% | 50% | — | — | — | — | — | — | 48.4% | 58.9% | 62.7% | 55.7% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 5.1M | 148.1M | — | — | — | — | — | — | 14.7M | 14.6M | 30.3M | 22.4M |
| Operating expenses | 5.1M | 148.1M | — | — | — | — | — | — | 14.7M | 14.6M | 30.3M | 22.4M |
| Operating income | 5M | -61.9M | — | — | — | — | — | — | 23.9M | 54.3M | 65.3M | 70.5M |
| Operating margin | 17.4% | -35.8% | — | — | — | — | — | — | 30% | 46.4% | 42.2% | 41.2% |
| Non-operating income, net | -16.7M | 41.7M | — | — | — | — | — | — | 15M | 28.1M | -66.2M | 57.7M |
| Pretax income | -15.7M | -13.5M | — | — | — | — | — | — | 36.6M | 79.4M | -6.7M | 113.5M |
| Income tax | — | — | — | — | — | — | — | — | -3.4M | -922K | -348K | 5.5M |
| Net income | -15.7M | -14.2M | — | — | — | — | — | — | 40M | 80.4M | -6.3M | 108M |
| Net margin | -55.1% | -8.2% | — | — | — | — | — | — | 50.2% | 68.6% | -4.1% | 63.2% |
| EBITDA | 17.2M | -36.9M | — | — | — | — | — | — | 51.3M | 85.4M | 99.9M | 115.1M |
| EPS | — | — | — | — | — | -0.42 | -2.27 | 1.18 | 0.67 | 1.32 | -0.28 | 1.35 |
| Diluted EPS | — | — | — | — | — | -0.42 | -2.27 | 1.18 | 0.65 | 1.32 | -0.28 | 0.88 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 233.6M |
| Enterprise value | — | — | — | — | 1.8B |
| Shares outstanding | — | 13.3M | 13.3M | 15.4M | 15.4M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 4.3 |
| P/S | — | — | — | — | 0.47 |
| P/B | — | — | — | — | 0.61 |
| EV/EBITDA | — | — | — | — | 4.47 |
| EV/Sales | — | — | — | — | 3.46 |
| Earnings yield | — | — | — | — | 23.3% |
| FCF yield | — | — | — | — | -91.3% |
| PEG | — | — | — | — | 0.3 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 76.2% | 47% | 52.1% | 53.9% | 55.7% |
| Operating margin | 66.7% | 32.6% | 36.2% | 3.34% | 74.9% |
| Net margin | 47.6% | 53.6% | 19% | 17.9% | 11.5% |
| ROE | 45.6% | 18.9% | 9.7% | 6.54% | 19.3% |
| ROA | 25.5% | 12.6% | 5.38% | 5.15% | 10.3% |
| ROIC | — | 8.32% | — | 1.06% | 13.2% |
| Return on tangible assets | 25.5% | 12.6% | 5.38% | 5.15% | 10.2% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 0.51 | 1.24 | 0.64 | 1.57 | 0.87 |
| Quick ratio | 0.51 | 1.24 | 0.64 | 1.57 | 0.87 |
| Debt / equity | 0.39 | 0.38 | 0.51 | 0.16 | 0.37 |
| Debt / assets | 0.22 | 0.25 | 0.28 | 0.12 | 0.25 |
| Net debt / EBITDA | 0.51 | 1.59 | 1.55 | 1.31 | 1.46 |
| Interest coverage | 27.5 | 8.28 | 3.29 | 7.11 | 9.65 |
| Effective tax rate | — | 0.75% | — | 0% | 0.36% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | — | 12.2 | 19.5 | 23.2 | 31 |
| EPS (basic) | — | 6.54 | 3.72 | 0.9 | 0.9 |
| EPS (diluted) | — | 1.47 | 3.72 | 0.89 | 3.04 |
| Book value per share | — | 34.6 | 38.4 | 63.6 | 21.4 |
| FCF per share | — | -24.9 | -5.92 | -10.9 | -4.89 |
| Cash per share | — | 0.11 | 0.17 | 0.19 | 1.39 |
| Capex per share | — | 33 | 19.3 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 66.8% | 270% | 98.9% | — | — |
| Capex / operating cash flow | 128.5% | 343.7% | 233.3% | — | — |
| Payout ratio | — | — | — | — | 0% |
| Revenue | $28.6M | $172.6M | — | — | — | — | — | — | $79.7M | $117.1M | $154.9M | $171M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 739K | 1.5M | 2.2M | 2.8M |
| Receivables | 22.3M | 23.5M | 39.3M | 54.8M |
| Inventory | — | — | — | — |
| Total current assets | 29.1M | 70M | 85.6M | 160.6M |
| Property, plant & equipment | 1.1M | -45.3M | -111.8M | -198.4M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 266.7M | 688.5M | 915.5M | 1.2B |
| Accounts payable | 41.4M | 37.7M | 51.4M | 38.6M |
| Short-term debt | 183K | 229K | 348K | 181K |
| Total current liabilities | 57.4M | 56.6M | 133.3M | 102.6M |
| Long-term debt | 58.8M | 171.8M | 260.5M | 151.8M |
| Total liabilities | 117.2M | 230.1M | 407.2M | 262.9M |
| Shareholders' equity | 149.5M | 458.5M | 508.2M | 977.9M |
| Total debt | 59M | 172M | 260.9M | 152M |
| Net debt | 58.2M | 170.5M | 258.7M | 149.2M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.5M | 6.9M | 23.1M | 2.2M | 4.9M | 6.3M | 4.6M | 2.8M | 73M | 25.9M |
| Receivables | 23.5M | — | — | — | — | — | 37M | 54.8M | 72.4M | 69.7M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 70M | — | — | — | — | — | 66.8M | 160.6M | 177.7M | 162.7M |
| Property, plant & equipment | -45.3M | — | — | — | — | — | -168.6M | -198.4M | 52.5M | 18M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 688.5M | — | — | — | — | — | 1.1B | 1.2B | 2.1B | 2.2B |
| Accounts payable | 37.7M | — | — | — | — | — | 68.4M | 38.6M | 47.6M | 29.9M |
| Short-term debt | 229K | — | — | — | — | — | 177K | 181K | 535K | 593K |
| Total current liabilities | 56.6M | — | — | — | — | — | 128.7M | 102.6M | 203.5M | 187.2M |
| Long-term debt | 171.8M | — | — | — | — | — | 76.4M | 151.8M | 538.8M | 539.4M |
| Total liabilities | 230.1M | — | — | — | — | — | 215.6M | 262.9M | 1.1B | 1.1B |
| Shareholders' equity | 458.5M | — | — | — | — | — | 897M | 977.9M | 1B | 1.1B |
| Total debt | 172M | — | — | — | — | — | 76.6M | 152M | 539.3M | 540M |
| Net debt | 170.5M | — | — | — | — | — | 72M | 149.2M | 466.3M | 514.1M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | 68.1M | 86.7M | 49.3M | 64M |
| Depreciation & amortization | 18.3M | 53.8M | 73.7M | 103.8M |
| Stock-based compensation | — | — | — | 133.4M |
| Change in working capital | -12.3M | -14.3M | -15.4M | -1.9M |
| Operating cash flow | 74.5M | 127M | 109.8M | 261.8M |
| Capital expenditure | -95.7M | -436.7M | -256.1M | — |
| Investing cash flow | -95.7M | -436.7M | -256.1M | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | -1.2M |
| Financing cash flow | -68.7M | 444M | 79.2M | 169M |
| Net change in cash | -89.9M | 134.4M | -67.2M | 430.8M |
| Free cash flow | -30.7M | -330.2M | -78.5M | -168.4M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.7M | 60.2M | 24.1M | 44.8M | -5.5M | -128.4M | 72M | 40M | 80.4M | -6.3M | 108M |
| Depreciation & amortization | 11.9M | 24.5M | 19.7M | 21.1M | 17.4M | 21.3M | 23.6M | 27.6M | 31.3M | 35.7M | 44.4M |
| Stock-based compensation | — | — | — | — | — | 126.9M | 2.3M | 2.3M | 2M | 2.3M | 3.2M |
| Change in working capital | -7.6M | -20.7M | 10.9M | -3.5M | -16.6M | 22.7M | 20.9M | -17M | -28.5M | -31.5M | 862K |
| Operating cash flow | -11.4M | 64.6M | 55.3M | 62.9M | -4.2M | 43.1M | 70.4M | 42.1M | 75.1M | 58.4M | 137.8M |
| Capital expenditure | -46.8M | -293.9M | -70.2M | -86.4M | -61.4M | -108.4M | — | — | — | — | — |
| Investing cash flow | -46.8M | -293.9M | -70.2M | -86.4M | -61.4M | -108.4M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | -14.4M | -5M |
| Financing cash flow | 46.8M | 281.4M | 7M | 74.5M | 31.9M | 36.9M | 17.1M | 41M | 75.2M | 710.6M | -6.3M |
| Net change in cash | -11.4M | 52M | -7.9M | 51.1M | -33.6M | -28.4M | 87.5M | 83M | 150.3M | 769M | 131.6M |
| Free cash flow | -31M | -260.7M | -3.6M | -35.6M | -31.3M | -34.2M | -15.7M | -42.7M | -75.8M | -640.5M | 581.9M |