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 | $0.05 | $0.06 | +20.0% | — | $213.9M | — |
| Q1 26 | $0.03 | $0.04 | +33.3% | — | $204.2M | — |
| Q4 25 | -$0.01 | -$0.01 | 0.0% | — | $183.6M | — |
| Q3 25 | $0.06 | $0.07 | +16.7% | — | $199.6M | — |
| Q2 25 | $0.08 | $0.07 | -12.5% | — | $193.7M | — |
| Q4 24 | -$0.01 | -$0.01 | 0.0% | — | $159.5M | — |
| Q3 24 | $0.02 | $0.05 | +150.0% | — | $171.3M | — |
| Q2 24 | $0.02 | $0.02 | 0.0% | — | $160.6M | — |
| Q1 24 | $0.01 | $0.01 | 0.0% | — | $145.7M | — |
| Q4 23 | -$0.05 | -$0.04 | +20.0% | — | $118.4M | — |
| Q3 23 | -$0.15 | -$0.11 | +26.7% | — | $119M | — |
| Q2 23 | -$0.14 | -$0.1 | +28.6% | — | $124.2M | — |
| Q1 23 | -$0.16 | -$0.11 | +31.3% | — | $119.6M | — |
| Q4 22 | -$0.19 | -$0.15 | +21.1% | — | $98M | — |
| Q3 22 | -$0.17 | -$0.15 | +11.8% | — | $105.4M | — |
| Q2 22 | -$0.18 | -$0.16 | +11.1% | — | $115.1M | — |
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 | — | -$0.39 | — | — | $759.6M | — |
| FY24 | — | -$0.48 | — | — | $637.2M | — |
| FY23 | — | -$0.47 | — | — | $481.2M | — |
| FY22 | — | -$0.65 | — | — | $421.5M | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $106.8M | $208.4M | $358.4M | $421.5M | $481.2M | $637.2M | $759.6M |
| YoY change | — | +95% | +72% | +17.6% | +14.2% | +32.4% | +19.2% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 106.8M | 208.4M | 358.4M | 421.5M | 481.2M | 637.2M | 759.6M |
| Cost of revenue | 82.8M | 113M | 204.8M | 236.7M | 244.5M | 304.4M | 361.4M |
| Gross profit | 24.1M | 95.3M | 153.7M | 184.9M | 236.8M | 332.7M | 398.2M |
| Gross margin | 22.5% | 45.7% | 42.9% | 43.9% | 49.2% | 52.2% | 52.4% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 62.4M | 64.9M | 121.2M | 143.6M | 166.5M | 217.4M | 235M |
| Operating expenses | 102.1M | 129.9M | 222.2M | 280.2M | 307.5M | 380.1M | 417.7M |
| Operating income | -79.3M | -40.6M | -76.8M | -106.2M | -89.7M | -84.1M | -63.2M |
| Operating margin | -74.2% | -19.5% | -21.4% | -25.2% | -18.6% | -13.2% | -8.32% |
| Non-operating income, net | — | — | — | — | — | — | — |
| Pretax income | -77.2M | -40.5M | -77.5M | -102.1M | -74.7M | -79M | -64.8M |
| Income tax | 27K | 489K | 724K | 87K | 526K | 688K | 1.3M |
| Net income | -77.2M | -41M | -78.2M | -102.2M | -75.3M | -79.7M | -66.1M |
| Net margin | -72.3% | -19.7% | -21.8% | -24.2% | -15.6% | -12.5% | -8.71% |
| EBITDA | -75.3M | -32.7M | -67.9M | -89.7M | -53.9M | -38M | -11.4M |
| EPS | -0.58 | -0.27 | -0.62 | -0.65 | -0.47 | -0.48 | -0.39 |
| Diluted EPS | -0.58 | -0.27 | -0.62 | -0.65 | -0.47 | -0.48 | -0.39 |
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 | 119M | 118.4M | 145.7M | 160.6M | 171.3M | 159.5M | 182.7M | 193.7M | 199.6M | 183.6M | 204.2M | 213.9M |
| Cost of revenue | 60.4M | 60.6M | 68.5M | 78.8M | 81.2M | 75.9M | 83.4M | 91.2M | 93M | 93.8M | 98.8M | 107.2M |
| Gross profit | 58.6M | 57.7M | 77.2M | 81.8M | 90.1M | 83.6M | 99.3M | 102.5M | 106.6M | 89.8M | 105.4M | 106.7M |
| Gross margin | 49.3% | 48.8% | 53% | 50.9% | 52.6% | 52.4% | 54.4% | 52.9% | 53.4% | 48.9% | 51.6% | 49.9% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 40.8M | 42.8M | 53.9M | 51.9M | 55M | 56.7M | 59M | 53M | 72.8M | 50.2M | 56.2M | 53.8M |
| Operating expenses | 75.9M | 77.6M | 91.9M | 91.6M | 97.5M | 99.1M | 103.2M | 98.8M | 119.4M | 96.3M | 102.7M | 100.7M |
| Operating income | -22.3M | -26.8M | -22.5M | -18.6M | -17.1M | -25.8M | -14.4M | -7.2M | -23.7M | -17.8M | -9.2M | -6M |
| Operating margin | -18.7% | -22.6% | -15.5% | -11.6% | -10% | -16.2% | -7.9% | -3.71% | -11.9% | -9.72% | -4.52% | -2.83% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -18.2M | -23.1M | -20M | -16.9M | -16.2M | -25.9M | -14.5M | -7.3M | -24M | -19M | -10.4M | -7.7M |
| Income tax | 1K | 117K | 440K | 145K | -137K | 240K | 365K | -31K | 483K | 521K | 530K | 551K |
| Net income | -18.2M | -23.2M | -20.5M | -17.1M | -16M | -26.1M | -14.8M | -7.3M | -24.5M | -19.6M | -10.9M | -8.2M |
| Net margin | -15.3% | -19.6% | -14.1% | -10.6% | -9.36% | -16.4% | -8.11% | -3.77% | -12.3% | -10.7% | -5.33% | -3.85% |
| EBITDA | -12.7M | -15.9M | -11.7M | -7.4M | -5.3M | -13.5M | -2M | 5.9M | -10.5M | -4.8M | 4.4M | 7.6M |
| EPS | -0.11 | -0.14 | -0.13 | -0.1 | -0.1 | -0.16 | -0.09 | -0.04 | -0.14 | -0.11 | -0.06 | -0.05 |
| Diluted EPS | -0.11 | -0.14 | -0.13 | -0.1 | -0.1 | -0.16 | -0.09 | -0.04 | -0.14 | -0.11 | -0.06 | -0.05 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 2.4B | 3.6B | 1.4B | 1.8B |
| Enterprise value | — | — | — | — | 2.1B | 3.4B | 1.3B | 1.8B |
| Shares outstanding | 133.7M | 154.2M | 125.3M | 157M | 160M | 164.9M | 170.6M | 170.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -26.8 |
| P/S | — | — | — | — | 5.04 | 5.59 | 1.8 | 2.28 |
| P/B | — | — | — | — | 5.31 | 8.09 | 3.18 | 4.54 |
| EV/EBITDA | — | — | — | — | -39.5 | -89.9 | -112.5 | -62 |
| EV/Sales | — | — | — | — | 4.42 | 5.36 | 1.69 | 2.23 |
| Earnings yield | — | — | — | — | — | — | — | -3.73% |
| FCF yield | — | — | — | — | -1.9% | 0.87% | 2.45% | 0.05% |
| PEG | — | — | — | — | — | — | — | -1.07 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 22.5% | 45.7% | 42.9% | 43.9% | 49.2% | 52.2% | 52.4% | 49.9% |
| Operating margin | -74.2% | -19.5% | -21.4% | -25.2% | -18.6% | -13.2% | -8.32% | -2.83% |
| Net margin | -72.3% | -19.7% | -21.8% | -24.2% | -15.6% | -12.5% | -8.71% | -7.88% |
| ROE | 72.7% | 29.4% | -14.1% | -21% | -16.5% | -18.1% | -15.4% | -15.1% |
| ROA | -25.4% | -10.1% | -7.95% | -11.2% | -8.15% | -8.1% | -6.09% | -2.58% |
| ROIC | 27.7% | 11.1% | 362.7% | -159.9% | -55.7% | -28.7% | -18.1% | -16.1% |
| Return on tangible assets | -31.3% | -12.7% | -10.4% | -16.5% | -14% | -26.2% | -16.9% | -16.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.75 | 2.13 | 2.03 | 2.17 | 2.12 | 1.56 | 1.6 | 1.52 |
| Quick ratio | 2.75 | 2.13 | 2.03 | 2.17 | 2.12 | 1.56 | 1.6 | 1.52 |
| Debt / equity | -0.02 | -0.05 | 0 | 0.16 | 0.25 | 0.28 | 0.44 | 0.64 |
| Debt / assets | 0.01 | 0.02 | 0 | 0.08 | 0.12 | 0.12 | 0.18 | 0.19 |
| Net debt / EBITDA | 2.39 | 6.95 | 8.5 | 4.67 | 5.49 | 3.88 | 7.12 | 11.1 |
| Interest coverage | — | -63 | -98.1 | -103.3 | -46.8 | -17.6 | -5.74 | -4.33 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.8 | 1.35 | 2.86 | 2.68 | 3.01 | 3.87 | 4.45 | 4.66 |
| EPS (basic) | -0.58 | -0.27 | -0.62 | -0.65 | -0.47 | -0.48 | -0.39 | -0.39 |
| EPS (diluted) | -0.58 | -0.27 | -0.62 | -0.65 | -0.47 | -0.48 | -0.39 | -0.37 |
| Book value per share | -0.79 | -0.91 | 4.44 | 3.09 | 2.85 | 2.67 | 2.52 | 2.31 |
| FCF per share | -0.59 | 0.01 | 0.57 | -0.63 | -0.29 | 0.19 | 0.2 | -0.04 |
| Cash per share | 1.36 | 1.52 | 4.62 | 3.16 | 2.57 | 1.64 | 1.59 | 1.43 |
| Capex per share | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | 0.21 | 0.21 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.16% | 1.68% | 0.72% | 0.76% | 0.48% | 0.71% | 4.68% | 4.51% |
| Capex / operating cash flow | -4.19% | 176.7% | 3.14% | -3.72% | -8.09% | 8.19% | 45.4% | 92.8% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$0.62 |
| — |
| — |
| $358.4M |
| — |
| FY20 | — | -$0.27 | — | — | $208.4M | — |
| FY19 | — | -$0.58 | — | — | $106.8M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $119M | $118.4M | $145.7M | $160.6M | $171.3M | $159.5M | $182.7M | $193.7M | $199.6M | $183.6M | $204.2M | $213.9M |
| YoY change | +12.9% | +20.8% | +21.8% | +29.3% | +44% | +34.8% | +25.4% | +20.6% | +16.5% | +15.1% | +11.8% | +10.4% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 182.3M | 233.7M | 579.1M | 496M | 410.6M | 270.1M | 271.5M |
| Receivables | 80.1M | 104.1M | 222.8M | 168.7M | 164M | 168.8M | 197.2M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 268.2M | 354.4M | 857.4M | 754.8M | 706.9M | 593.2M | 673.5M |
| Property, plant & equipment | 5.4M | 6.9M | 4.9M | 5.7M | 4.9M | 7.6M | 12.9M |
| Goodwill & intangibles | 57.7M | 82.2M | 229.6M | 296.1M | 386.7M | 679.7M | 693.4M |
| Total assets | 304.5M | 404.5M | 983M | 914.9M | 922.9M | 984.1M | 1.1B |
| Accounts payable | 85.8M | 152M | 396M | 323.7M | 305.8M | 345.6M | 390.8M |
| Short-term debt | 466K | 746K | 1.3M | 1.2M | — | — | — |
| Total current liabilities | 97.7M | 166.7M | 423.4M | 348.2M | 333.9M | 381.2M | 420.8M |
| Long-term debt | 1.5M | 6.2M | 500K | 75.5M | 115M | 123M | 190M |
| Total liabilities | 410.7M | 544.2M | 426.9M | 429.2M | 466.4M | 544.1M | 655.9M |
| Shareholders' equity | -106.1M | -139.7M | 556.1M | 485.7M | 456.5M | 440M | 429.7M |
| Total debt | 2M | 6.9M | 1.8M | 76.7M | 115M | 123M | 190M |
| Net debt | -180.3M | -226.8M | -563.5M | -203.4M | -66.9M | -101.1M | -81.5M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 450.2M | 410.6M | 341.5M | 272.6M | 287.8M | 270.1M | 341.8M | 304.7M | 316M | 271.5M | 341M | 242.3M |
| Receivables | 168.8M | 164M | 219.3M | 208.6M | 203.7M | 168.8M | 243.6M | 209.9M | 218.9M | 197.2M | 268.9M | 216.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 741.7M | 706.9M | 696.2M | 614.1M | 639.2M | 593.2M | 759.9M | 737.9M | 762.5M | 673.5M | 824.3M | 670M |
| Property, plant & equipment | 5.2M | 4.9M | 7.9M | 7.5M | 7.9M | 7.6M | 8.5M | 10.1M | 11.7M | 12.9M | 13.7M | 14.4M |
| Goodwill & intangibles | 384.1M | 386.7M | 615.1M | 681.8M | 686.2M | 679.7M | 683.6M | 691.1M | 693.1M | 693.4M | 692.4M | 691.2M |
| Total assets | 959.1M | 922.9M | 1B | 1B | 1B | 984.1M | 1.2B | 1.1B | 1.2B | 1.1B | 1.2B | 1.1B |
| Accounts payable | 338.1M | 305.8M | 393.1M | 367.9M | 385.7M | 345.6M | 470.3M | 430.6M | 439M | 390.8M | 526.6M | 410.1M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 367.4M | 333.9M | 430.1M | 412.1M | 422.2M | 381.2M | 507.1M | 462.7M | 471.7M | 420.8M | 560.4M | 441.6M |
| Long-term debt | 105M | 115M | 125M | 110M | 115M | 123M | 166.5M | 186.5M | 220M | 190M | 200M | 205M |
| Total liabilities | 492M | 466.4M | 586.4M | 553.2M | 578.1M | 544.1M | 712.8M | 689.5M | 732M | 655.9M | 804.5M | 689.5M |
| Shareholders' equity | 467.1M | 456.5M | 458.3M | 457.6M | 456.2M | 440M | 439.6M | 448.8M | 434.4M | 429.7M | 430.9M | 389.9M |
| Total debt | 105M | 115M | 125M | 110M | 115M | 123M | 166.5M | 186.5M | 220M | 190M | 200M | 205M |
| Net debt | -121.2M | -66.9M | -84.8M | -105M | -137.5M | -101.1M | -125.4M | -71.9M | -45.3M | -81.5M | -141M | -37.3M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -77.2M | -41M | -78.2M | -102.2M | -75.3M | -79.7M | -66.1M |
| Depreciation & amortization | 1.8M | 7.2M | 8.8M | 11.4M | 19.3M | 36.8M | 43.7M |
| Stock-based compensation | 998K | 5.7M | 23.2M | 39.3M | 49.6M | 68M | 56.9M |
| Change in working capital | -6.6M | 32.2M | 127.5M | -34.7M | -21M | 29.5M | 6.2M |
| Operating cash flow | -80.6M | 2M | 81.9M | -86.2M | -28.8M | 55.4M | 78.2M |
| Capital expenditure | -3.4M | -3.5M | -2.6M | -3.2M | -2.3M | -4.5M | -35.6M |
| Investing cash flow | -21.5M | -14.3M | -117.8M | -262.8M | -85.1M | -244K | -65M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 161.3M | 58.9M | 374.6M | 69.5M | 23.3M | -21.2M | 36.9M |
| Net change in cash | 59.2M | 46.6M | 338.7M | -279.5M | -90.6M | 33.9M | 50.1M |
| Free cash flow | -79.1M | 1.5M | 71.3M | -98.6M | -46.1M | 31.2M | 33.6M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -18.2M | -23.2M | -20.5M | -17.1M | -16M | -26.1M | -14.8M | -7.3M | -24.5M | -19.6M | -10.9M | -8.2M |
| Depreciation & amortization | 5.1M | 6.9M | 7.8M | 8.9M | 9.8M | 10.4M | 10.5M | 10.9M | 11M | 11.3M | 11.9M | 12M |
| Stock-based compensation | 12.9M | 13.4M | 14.8M | 15M | 18.3M | 20M | 16.6M | 15.5M | 11.3M | 13.5M | 13.5M | 14.8M |
| Change in working capital | -17M | -25.2M | 38.4M | -5M | 5.8M | -9.6M | 52M | -8.4M | -13.7M | -23.7M | 55.9M | -58.5M |
| Operating cash flow | -17.5M | -28.9M | 40.9M | 1.6M | 18M | -5M | 65M | 13.7M | 10.3M | -12.4M | 76.5M | -35.5M |
| Capital expenditure | -638K | -812K | -1.1M | -1.8M | -962K | -705K | -1.3M | -9.2M | -8.9M | -8.7M | -9.7M | -8.8M |
| Investing cash flow | -20.5M | -18.3M | -13.4M | 24.3M | 9.8M | -20.9M | -22.1M | -59.9M | -28.5M | 53M | -13M | -16M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -4.7M | 5.2M | 2.9M | -22.7M | -1.7M | 349K | 31.6M | 12.7M | 27.6M | -35.1M | 7.2M | 3.6M |
| Net change in cash | -42.7M | -42M | 30.3M | 3.1M | 26.1M | -25.6M | 74.5M | -33.5M | 9.3M | 5.6M | 70.7M | -47.9M |
| Free cash flow | -21.9M | -33.8M | 34.4M | -4.6M | 12.6M | -11.2M | 56.5M | 1.7M | -1.3M | -23.4M | 65.1M | -47.5M |